Kyber Network (KNC) Cryptocurrency Economic Model and General Information

What does it do?

Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.

Key Features

Kyber Network’s protocol is Platform-agnostic which means that any application or protocol may be powered by their liquidity network

Instant settlement and no transaction uncertainty

Ease of integration with different applications

On-chain and fully transparent

General information

Company Name KYBER NETWORK PTE. LTD. Incorporation date 13/07/2017 Incorporation Address 8 EU TONG SEN STREET

#15-90

THE CENTRAL

SINGAPORE (059818) Website https://kyber.network/ Blog https://blog.kyber.network/ Phone n/a

Economic details

Initial Funding & Distribution Ticker KNC Token Type ERC-20 Total Supply Sold 138 000 000 KNC Total Amount Raised 52 000 000 USD Price During the Crowdsale 0.38 USD Hard Cap 46 000 000 USD (raised 13% more) Whitepaper https://whitepaper.io/document/43/kyber-network-whitepaper Token Distribution 61.06% Public

19.47% Company

19.47% Founders/Advisors/Seed Investors Funds Distribution 50% Reserve (26M USD)

30% Development (15.6M USD)

10% Legal/Mark (5.2M USD)

10% Operations (5.2M USD) Crowdsale Date September 16, 2017 Sources: https://icodrops.com/kybernetwork/

https://messari.io/asset/kyber-network

Top 100 Holders Collectively Own 83.80% (180,404,563.47 Tokens) of KyberNetwork.

Source: https://etherscan.io

Sources: https://blog.kyber.network/burning-of-excess-knc-tokens-6f777595561b

https://tracker.kyber.network/#/

This chart does not account for burned KNC tokens(from collected exchange fees) in the future.

Social Media

Team

Title Name Linkedin Co-founder & CEO Loi Luu Co-founder & CTO Yaron Velner Co-founder & Head of Development Victor Tran CFO Myra Loh n/a

Development

Total number of Commits 11 425 Commits (32 Repositories)

Partners

Mossland – a blockchain gaming company where you can purchase virtual real-estate and trade it.

Trust Wallet – a wallet for Ethereum, ERC-20 and ERC-223 tokens.

Icon – a decentralized network which connects blockchain companies to institutions that are not related to cryptocurrency.

StormX – is the creator of Storm Play (formerly known as BitMaker), and Storm Market, with gamified micro-tasks.

Request Network – a decentralized network for payment requests.

MyEtherWallet – an interface for generating Ethereum wallets.

Coinmanager – a cryptoassets management service.

Competitors

0x protocol – is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.

Shapeshift – a platform for instant swaps between assets.

faa.st – a platform for instant cryptocurrency trades.

Binance – a centralized cryptocurrency exchange with high liquidity.

Bittrex – a centralized cryptocurrency exchange with high liquidity.

Potential market and clients

The potential depends on the trust of centralized exchanges because they directly compete with decentralized exchange protocols, such as Kyber Network. Market will decide if it needs more autonomous exchange solutions or simply rely on some well managed centralized exchanges. The main clients that need access to liquidity are individuals, DApps, vendors, payment gateways, decentralized funds.

Utility and economic dynamics