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Kyber Network Crystal (KNC) is a blockchain-based protocol where developers can build payment flows, applications and token swaps. The network allows anyone to swap a token instantly without the use of an exchange. Their ERC20 utility token, KNC, aims to build a community of stakeholders who determine the incentive of the system. KNC holders also get voting rights on the Kyber Network platform for issues such as fees and distributions, along with other vital decisions. Users can use KNC to pay for loans, collateral and margin trading on DeFi platforms.
