Brothers and sisters playing $KNC , come here! Today I’m going to introduce you to a token with some substance - KNC, which is from Kyber Network.
This thing is an ERC-20 token on Ethereum, to put it simply, it's the 'heart' of the decentralized exchange KyberSwap, serving both governance and utility. If you hold KNC, you can stake it to join KyberDAO as a 'decision-maker', where you can vote on the platform's development direction, and even share a portion of the transaction fees, plus there's a rebate on gas fees - this wave of benefits is indeed quite attractive.
Moreover, their platform can trade across multiple chains and will automatically gather liquidity from various sources, making the token swap fast and smooth, and anyone who has used it knows how convenient that is.
However, I must remind you: the price of $KNC is like a roller coaster, it can change drastically with any market fluctuations; smart contracts can also have vulnerabilities, so you need to keep an eye on the audit reports; DeFi is not shallow water, don't rush in without understanding, or your money could go down the drain. Also, regulations are uncertain, and it’s hard to say what the long-term outlook will be.
For those who want to keep up, I suggest you first understand it thoroughly by yourself, and if you find it reliable, then we can look for opportunities together, taking it steady is always a good approach~
