What is cryptocurrency Kyber Network
Kyber Network is a decentralized platform that performs the functions of an exchanger and a payment system. This platform helps to perform operations with cryptocurrencies without third parties. The development team of Kyber Network began its work in 2017, and after the ICO and attracting $50 million, they began to actively pursue the development of the project. As for the development of the Kyber Network project, 2018 will be the defining:
1st quarter of 2018. It is planned to run the first version of the project that will support the exchange of cryptocurrency Ethereum tokens.
2nd quarter of 2018. Adding more tokens to the platform.
3rd quarter of 2018. Adding top-level cryptocurrencies.
1st quarter 2019. Trade between networks.
As you can see, next year we plan to launch numerous of functionality on the platform.
Features of the Kyber Network platform
The Kyber Network project is not the only project that offers a similar idea for implementation, but the Kyber Network has some features that create an advantage over competitors. The main features of Kyber Network is the high liquidity of instruments presented on the platform – it means that for each “seller”, there is always a “buyer” who will buy his goods. In addition, the process of exchanging cryptocurrency will be instantaneous, and will exclude additional conversions to such cryptocurrency as Ethereum and Bitcoin.
The only thing that would like to learn about the Kyber Network platform is the information about the commissions for the exchanges, but it is not yet.
To draw a line under this review of the Kyber Network platform, we need to say about the capitalization of the project, which according to Coinmarketcap is 150 million dollars. The Kyber Network platform will have its own tokens, which have a trade name of KNC, and their value is equal to $1.1. It can also be purchased on such exchanges: Binance, Huobi, Kucoin.
When users choose such site will play a huge role factor of the Commission for Exchange, and the resource that will make the minimal commissions, thereby win the love of users.