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There are three types of reserves, including Price Feed Reserves (Work with an off-chain component), Automated Price Reserves (built on automatic algorithm within a smart contract), and Bridge Reserves (permission without third parties such as Uniswap, Bancor).</li><li>Kyber Network is an implementation of the Kyber protocol on Ethereum. However, the Kyber protocol itself has been deployed in alternative blockchain like EOS (YOLOswap) and TomoChain (TomoSwap). In addition, the project team has been working on cross-chain protocol like Waterloo to allow EOS/Ethereum token swaps.</li><li>The Kyber Network Crystal token (KNC) is an ERC-20 token used to connect multiple participants in the Kyber Network ecosystem, including liquidity contributors and different entities building on the protocol. For instance, providing token liquidity, third-party token reserves are required to use KNC to pay transaction fees.</li></ul>\n\n\n\n<h2>Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker</td><td>KNC</td></tr><tr><td>Token Name</td><td>Kyber Network</td></tr><tr><td>Token Type/Protocol</td><td>ERC-20</td></tr><tr><td>Total Token Supply</td><td>210,252,944</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/kyber-network-crystal-v2/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a>  </td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/kyber-network-crystal-v2/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a>   </td></tr><tr><td>Token Creation Date</td><td>September 2017</td></tr><tr><td>Can it be mined?</td><td>Yes</td></tr></tbody></table></figure>\n\n\n\n<h2>Who is behind Kyber Network? </h2>\n\n\n\n<p>Loi Luu and Victor Tran are co-founders of Kyber Network that raised $52 million from their token sale in September 2017. Kyber Network team aims to protect users from hacking and fraud by providing a secure way for converting coins and tokens.</p>\n\n\n\n<h2>What is the purpose of Kyber Network? </h2>\n\n\n\n<p>Kyber Network Crystal (KNC) is a utility token that allows token holders to participate in the Kyber’s ecosystem. KNC holders can stake KNC in KyberDao and vote to receive rewards and other benefits from protocols in the network. Moreover, KNC can be upgraded, generated and burned by KyberDao to better support liquidity and growth.</p>\n\n\n\n<h2>Insights</h2>\n\n\n\n<p>Kyber Network is a liquidity pool that aggregates liquidity from diverse sources, including token holders, market makers, and decentralized exchanges into a single network. Anyone can provide liquidity to the network. Kyber Network enables decentralized applications (dApps), vendors and crypto wallets for takers to execute instant token swap without a third party. Kyber’s key features include on-chain settlement, trustless transactions and straightforward integration with dApps.</p>\n\n\n\n<p>As using this protocol, developers can build innovative payment flows and application including:</p>\n\n\n\n<ul><li>Decentralized token swaps: users can conduct decentralized token swaps on websites or their own wallets.</li><li>Payments: users can pay for goods and services with any ERC-20 token Kyber supports.</li><li>Decentralized Finance (DeFi): dApps can leverage Kyber protocol to liquidate or rebalance their portfolio in a seamless, verifiable and transparent way.</li></ul>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"https://lh4.googleusercontent.com/Hkvda4E35IQA7wEz-0fmfU0fFLJJW-tTJdnTXjILkhP08GRP8hWTNY-SQDm6tHBnAY9GS9x451J8V3tNdLxed63y_nn7_E-Svuu2ODEnP8NIQ46CaJBcrhWMzZTwZj0TQp-j4A4\" alt=\"Graphical user interface\n\nDescription automatically generated\"/></figure>\n\n\n\n<ul><li>KyberDao is a community that allows KNC holders to participate in the governance of Kyber Network. KNC holders can vote on proposals and also can stake KNC to earn rewards from network fees collected from trading.&nbsp;</li><li>KNC is a deflationary staking token which means KNC is burned to reduce the overall token supply. KNC will be implemented on other blockchains, and Kyber Network is developing technologies that will enable it to transfer KNC across blockchains.</li><li>Kyber Dynamic Market Maker (DMM) is the first automated DMM in DeFi that provides high capital efficiency via amplified pools and reduces the impact of impermanent loss via dynamic fees.</li><li>KyberSwap is a secure token swap platform that users can instantly convert ERC-20 tokens through KyberSwap without deposits or order books.</li></ul>\n\n\n\n<h2>Risks</h2>\n\n\n\n<ul><li>Instant confirmation for transactions is not sent from on-chain entities immediately, such as smart contracts.</li><li>Kyber does not have a custodian or user’s fund controller, which might cause user’s funds to be lost. Therefore, all operations that occur on the Kyber protocol should be publicly verified on the blockchain.</li></ul>\n\n\n\n<h2>News and Updates</h2>\n\n\n\n<ul><li>Kyber Network partners with the Polygon network to enhance the DeFi liquidity by launching Rainmaker, aiming to bring more liquidity to Ethereum and Polygon-based decentralized finance (DeFi) ecosystems by incentivizing Kyber DMM liquidity providers with $30 million in rewards over three months.</li><li>Grayscale has announced 13 more crypto assets that are currently under consideration for its trusts. The prospective assets mainly are in DeFi sector and Kyber is one on the list.</li><li>Kyber launched the new Dynamic Market Maker (DMM), which allows liquidity pool creators to customize pricing through an amplification factor based on the nature of the relationship between two tokens. Tokens have a lower deviation from their prices, for instance, stablecoin can have the amplification factor, which allows the liquidity to increase without needing more tokens in the pool.</li></ul>\n\n\n\n<h2>Community &amp; Whitepaper Links</h2>\n\n\n\n<ul class=\"coin-info__links\"><li><strong>Official Website:</strong> <a href=\"https://kyber.network\">https://kyber.network</a>&nbsp;</li><li><strong>White Paper:</strong> <a href=\"https://files.kyber.network/Kyber_Protocol_22_April_v0.1.pdf\">https://files.kyber.network/Kyber_Protocol_22_April_v0.1.pdf</a>&nbsp;</li></ul>\n\n\n\n<p><strong>Disclaimer:&nbsp;</strong><br>All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets, including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"KNC to IDR - Buy Kyber Network Instantly - Zipmex","metaDesc":"Buy or sell Kyber Network. Get the latest Kyber Network IDR (KNC to IDR) price quote, history, news and other information."},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"KyberNetwork ","ciTickerSymbol":"KNC","ciIcon":{"localFile":{"publicURL":"/static/c8bfb6075abab0833fca36444dd564a1/KNC.svg"}},"websiteLink":null,"whitepaperLink":null,"detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"ape-id","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. 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It is a Decentralized Autonomous Organization.</p>\n","acfCoinInfo":{"ciHomeFullName":"YieldGuildGames","ciTickerSymbol":"YGG","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#081828","images":{"fallback":{"src":"/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png","srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/e2842/Yield-Guild-Games-website-banner.png 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/294d3/Yield-Guild-Games-website-banner.png 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/9f21a/Yield-Guild-Games-website-banner.webp 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/752c3/Yield-Guild-Games-website-banner.webp 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/02841/Yield-Guild-Games-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"id_en","footerMenus":"[{\"slug\":\"about-us-id-en\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTg4\",\"label\":\"About\",\"url\":\"/en/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkx\",\"label\":\"Terms and Conditions\",\"url\":\"/en/terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMzI=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTky\",\"label\":\"Privacy Policy\",\"url\":\"/en/privacy-policy-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkz\",\"label\":\"In the Media\",\"url\":\"/en/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTAyMQ==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-id-en\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjE1\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDo4MjE2\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-id-en\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjIz\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.co.id/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY3OQ==\",\"label\":\"Earn\",\"url\":\"/en/earn/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-id-en\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTk2\",\"label\":\"Support Center\",\"url\":\"/en/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk3\",\"label\":\"Announcements\",\"url\":\"/en/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk4\",\"label\":\"Contact Us\",\"url\":\"/en/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk5\",\"label\":\"Fees\",\"url\":\"/en/fee-schedule-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3OA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.co.id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2OA==\",\"label\":\"Learn\",\"url\":\"/en/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMjI=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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