KNC is a utility and governance token and an integral part of Kyber Network and its product KyberSwap - the multi-chain decentralized exchange (DEX) that provides superior rates for traders.
TOKEN UTILITY
What is KNC used for?
KNC token holders can benefit from our flagship product KyberSwap. Holders can stake their KNC & vote on initiatives to receive trading fees generated on KyberSwap! More trades on KyberSwap can generate more rewards for KNC holders!
KNC token is dynamic - it can be upgraded, minted or burned by KyberDAO to better support liquidity and growth.
Participation Rewards
KNC holders can stake KNC in KyberDAO and vote on important decisions. Voters receive trading fees generated on KyberSwap and other benefits from ecosystem collaborations on Kyber.
Dynamic Token Model
KNC enables KyberDAO to shape token behaviour and upgrades, making KNC much more adaptable and providing better support for innovation and growth.
KyberDAO is a community platform that allows KNC token holders to participate in governance. KNC holders can stake KNC to vote on proposals. In return, they receive rewards from fees generated on KyberSwap through trading activities in Kyber Network.
