Kyber Network (KNC) Crypto Exchange

Kyber Network is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant token exchange in any DApp. It was launched in Singapore by [Loi Luu](https://www.linkedin.com/in/loiluu/) and [Victor Tran](https://www.linkedin.com/in/vutranhuy/) in 2017. The aim of the network is to provide all users and applications with access to any token for liquidity purposes. Anyone can operate as a Kyber reserve to earn spreads on transactions and make their own tokens available for other users, DApps, and financial platforms within the ecosystem. KNC is a utility and governance token of the Kyber Network and stands for Kyber Network Crystal. It facilitates the smoothness of operations on the network and connects its users. For example, 3rd party token reserves are required to purchase KNC to pay for their activities in the network. KNC can also be used as a payment method on [Crypto.com](https://crypto.com/), for payments through the [Monolith](https://monolith.xyz/) wallet, for payments at [PundiX](https://pundix.com) terminals, and even for loans and margin trading. In April 2022, Kyber Network announced that its automated market maker platform, [KyberSwap](https://kyberswap.com/#/about/kyberswap), will partner with the [BitTorrent Chain](https://bttc.bittorrent.com/) as their 11th chain integration. Such a collaboration is aimed to increase DeFi adoption by providing liquidity mining and incentive rewards.