Review on Kyber Network by Douglas Cachazo
Kyber Network KNC: Wallet, Token and derivatives trading.
Yet another decentralized finance project operates with its katalyst Protocol on its own Kyber Network chain, there are many similar ones on the blockchain. Its greatest virtue is the possibility of using its on-chain protocol and integrating it into any application to allow token exchange without intermediaries. It is already being used in many applications and open for anyone to use it, Its KNC token showed a significant increase on July 7 after the update of its Katalyst protocol, As I mentioned at the beginning, apart from the existence of many similar projects, new ones continue to appear so that each one will have to give more and better services with innovations and incentives if they want to eat a good piece of the cake to distribute.
Its current price is $ 1.21 with a historical high of $ 6 in January 2018.
Pros
- Considered one of the most important Defi
- Accepted and used by major institutions
Cons
- Financial project in a saturated and competitive environment
