Buying Opportunities - Kyber Networ - Decentralised cryptocurrency exchange for instant trading [#5 of the Series]

in #steemit7 years ago

Hi Stemians, today I want to show you my research on Kyber Network Hope it is useful for you and the steemit community.

The Kyber Network is a Decentralised and trustless cryptocurrency exchange platform for instant trading, designed to make cryptocurrency friendlier and easier to use. It now ranks number "45" in marketcap of all cryptos.

Instant Decentralized Exchange.jpg

It is a Singaporean based start-up advised by Vitalik Buterin (The Ethereum founder).

Here @bitcoinnewsdesk mentions over 10 important key points about the Kyber Network
https://steemit.com/introduceyourself/@bitcoinnewsdesk/introduction-to-kyber-network-crystal-knc

According to this article: https://medium.com/cryptobro/so-how-much-is-kyber-really-worth-should-you-buy-knc-now-953dd5b49e97 KNC (Kyber Network) was $0.50 cents during the ICO. Now it is 2x the value of the ICO, despite it started to trade on exchanges about a month ago, just when all the problems with China, and then JP Morgan's CEO saying non-sense things about Bitcoin, now the hard forks. Despite all this, it is still 2 times the value when it was launched after the ICO.

As @cryptoniam mentions in his post about Kyber: https://steemit.com/cryptocurrency/@cryptoniam/cryptocurrency-1-know-your-coins-kyber-network, the Key Features of Kyber Netword are:

Trustless
Instant
Liquid
Compatible
Pay & exchange tokens
Pay anyone with your own token
Hedge against price fluctuation
Receive payments in Ether

KNC still has not been added to important exchanges. Perhaps because it is decentralized, but it will definitely get into several exchanges I believe, partly because Vitalik Buterin is the advisor.

Current market cap of $128,643,450. that means a big growth potential

Kyber Network Cryptocurrency Market Cap Oct 2017.jpg

KNC is now only "$0.959076" cents, if we buy 100 USD its worth around "104" KNC, and 1,000 USD are around "1,040" KKNC. This project can start climbing any time, since it reached above $2.50 usd on its start and it has been almost loosing its strenght on October probably as other quality altcoins because of the high speculation on the bitcoin gold hard fork, and all the previous issues with China ICO bans and JP Morgans CEO non-sense words.

Circulating supply of "134,132,697" KNC, and a total supply of 215,625,349 KNC.

To know about the Development and Advisors Team, here is the list from the kyber network website:
https://kyber.network/#team

Here is a post written on cryptoninjas.net about the Kyber Network on July 2017: https://www.cryptoninjas.net/2017/07/18/kybernetwork-introduces-decentralized-platform-instant-trading-crypto-assets/

Any other posts you read, or information about Kyber Network that would be helpful for the entire steemit community, and for people that are using Google to search for investment opportunities? This Google searches as @jerrybanfield mentions will continue bringing tons of people to steemit too.

As always DYOR, this are only facts. And only invest what you are willing to loose.

Regards,
@gold84

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