Kyber Network is similar to the 0x project, but instead carries out all actions on the blockchain. Centralized exchanges are under constant fire due to their security vulnerabilities and slow processing times. In some cases it can take days to withdraw your money from an exchange. Popular decentralized exchanges also have their flaws. They often do not have enough liquidity to support active trading.
Kyber Network was launched in August 2017 with a clear mission: direct transfers and conversion of digital assets and cryptos with high liquidity. The first real live walk was in February 2018.
The Kyber team is impressive. Loi Luu, Yaron Velner and Victor Tran are the founders of the project. Luu previously created Oyente, the first open source security analyzer for Ethereum contracts, and is co-founder of SmartPool, a decentralized project for mining pools. Velner has been active in the Bughere Bounty program and Tran is one of the main developers at SmartPool.
The KNC token has a total circulation of over 215 million.