Today is coin number five, have fun.
The texts are for entertainment only and are not investment suggestions or anything else. This is all about my opinion on the coin or token or even the project.
I got the idea to present 100 coins or tokens here through the website https://www.crypto-review.com. The portal for crypto opinions. Here you will find an opinion on almost every coin project. Write your own opinion and you will be rewarded with 1 € per 150 words.
Here the name becomes the program, Kyber ... wasn't it Kyber crystals that you need to build a lightsaber as a Jedi? Exactly! Unfortunately, this coin has little to do with lightsabers. But one probably remembered these crystals when they were named. Let's hope that Disney doesn't come up with something like, hey, that's from our movie and we own the rights to it.
Kyber is a blockchain-based liquidity protocol that pools liquidity from a large number of reserves and enables instant and secure token exchange in any decentralized application.
Reserves ensure liquidity
An open reserve architecture allows individuals, token teams and professional market makers to bring token assets into our liquidity pool and earn from the spread in every trade. These tokens become available at the best rates to all DApps using the network, making them instantly smoother and more useful.
The buyers access liquidity for several use cases
Kyber supports a wide variety of decentralized use cases. For example, vendors can accept payments in multiple tokens on their ecommerce platforms but receive them in their preferred token. With DApps, users who are not their token holders can also use their services with other tokens, and DeFi projects can instantly rebalance their token portfolio.
Ruled by the community
The protocol is open source and is managed by KyberDAO, a decentralized community of KNC token holders who use their tokens and vote together and decide on important protocol parameters.
Why Kyber Network?
Decentralized finance requires decentralized liquidity, and Kyber is the key infrastructure providing the necessary liquidity to operate the entire DApps ecosystem.
Kyber's liquidity system is based on three key design features
Fully on the blockchain
In contrast to off-chain or semi-off-chain systems, Kyber enables blockchain apps to be easily integrated into the protocol.
Liquidity aggregation for the best token rates
Kyber ensures the best interest rates by collecting liquidity from more than 40 different liquidity sources known as reserves.
Transparent and verifiable
All processes are completely transparent and verifiable in the blockchain.
