$KNC

The value of Kyber Network Crystal v2 (KNC) has increased by 68.8% in the last 24 hours due to a new liquidity campaign and positive technical momentum.

450,000 ARB trading incentives on the Arbitrum platform from KyberSwap boosted trading volume.

The Relative Strength Index (RSI) of 71.68 indicates an overbought condition, but confirms positive momentum.

A trading volume increase of 7154% reflects speculative interest in upgrades to the KNC ecosystem.

1. Main Incentive

The Arbitrum STIP trading campaign was launched on July 8, 2024, allocating 450,000 ARB (approximately $315,000) to incentivize swaps and limit orders upon the launch of Arbitrum from KyberSwap. The main mechanisms are:

- 315,000 ARB points for traders: A points system that rewards swaps (10 points/$1 for ARB pairs)

- 90,000 ARB points for limit orders: Shares are distributed weekly until September 2024

- 25% additional points for trading via KyberSwap.com

This program aligns with KNC's role in governing KyberDAO, creating buying pressure as participants engage with the platform.