Kyber Network (KNC) Crypto Review
I am a firm believer that Decentralized Exchanges are a step forward in the Crypto world all too often we hear stories of centralized exchanges charging high fees, shutting down suddenly, or getting hacked.
Kyber (KNC) is a promising Decentralized Exchange that could play a lead role in fostering the change from a centralized exchange based system to decentralized exchange based system.
I will be reviewing some of the highlights of the Kyber Network and why it could prove to be a lucrative investment.
Key points that I will cover are as follows:
*Introduction to the Kyber (KNC) Network
* The Kyber Team
* Investment Analysis
So let’s get started!!
Kyber Network (KNC) CryptoCurrency Review- Introduction
The Kyber network runs on the robust Ethereum platform and can be described as an on-chain protocol which will allow Secure instant exchanges between digital assets(cryptocurrencies).
The Kyber network will function as trustless and decentralized furthermore it will have high liquidity making it appealing to Crypto traders. The Kyber network also will be providing payment APIs that will allow Ethereum account holders to accept payments from other cryptocurrencies such as Bitcoin.
The action-packed Kyber roadmap has many critical dates scheduled for 2018 and early 2019. Highlights will include:
Q1/18– Main net launches and will support the trading between Eth and tokens.
Q2/18– Supports trading between arbitrary token pairs.
Q3/18-Supports the trading of advanced financial instruments.
Early 2019– Supports cross-chain trading.
The Kyber Network Market Cap is currently valued at 133,732,043 USD, and it has a current supply of 134,132,697 KNC tokens with a fixed total amount of 215,625,349 KNC tokens.
The best exchange to purchase the Kyber token is on the popular Binance exchange. After purchasing the token you can easily store it in an ERC-20 token compatible wallet such as myetherwallet.
Kyber Network (KNC) Token Review- Team Members
The Kyber Team appears to be based in High Tech Singapore where many other promising CryptoCurrency companies have started to emerge.
The team appears to be highly educated and well connected in crypto circles Loi Luu one of the co-founders is a frequent speaker at Bitcoin and Ethereum conferences worldwide.
The size of the team is quite large for a startup which is a good sign; I noticed 12 team members that were listed on the Kyber website.
The list of Partnerships that the Kyber Network has formed already is impressive companies such as Fenbushi
Capital, Pantera, and many other notable investors have decided to invest in this promising startup.
Kyber Network (KNC) Crypto Review- Marketing
The Kyber Network team is lucky to have notable industry advisors and investors such as Vitalik Buterin with his name recognition alone people have taken notice to this promising company.
Kyber has a loyal Twitter and Reddit following, and I like that I can view the progress of the Kyber Network team on Github. They have a blog where they post fresh content often and generally; they seem to do an excellent job with marketing.
The only suggestion I would have is that they might benefit by posting more video content on sites such as Youtube. Video marketing is an excellent way for companies to build brand awareness.
Kyber Network (KNC) ERC-20 Token Review- Investment Analysis:
Overall I believe that in 2018 we will see an increase in the price of the (KNC) token as the Kyber Network becomes fully operational.
Right now could represent an excellent buying opportunity and a chance to start accumulating the Kyber Network token as the price has dropped significantly since last months all-time highs.
With essential roadmap features being introduced shortly new all-time highs could likely be reached during the first quarter of 2018 when the Kyber Main net has been launched.
(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)