Kyber Network Crystal (KNC)
KNC is a utility and governance token and an integral part of Kyber Network. The glue that connects different stakeholders in Kyber's ecosystem.
KNC allows token holders to play a critical role in building a wide base of stakeholders and capturing value created by new innovations on Kyber Network. KNC holders stake and vote to receive trading fees from protocols in the network. As more trades are executed and new protocols added, more rewards are generated.
KNC is dynamic and can be upgraded, minted, or burned by KyberDAO to better support liquidity and growth. Holding KNC means having a stake in all the important innovation and liquidity protocols created for DeFi.