06/30/2020
Alex Kondratyuk
Developers of the Kyber protocolNetwork will update Katalyst on July 7th. With it, users will have the opportunity to earn on staking and participate in solving various issues on the platform.
</p>The update focuses on expanding the roleKyber Network Crystal (KNC) token in the project ecosystem. Its owners will be able to earn ETH through staking. To participate in it, as well as to launch nodes, there are no restrictions and limits on the number of tokens.
The update also aims to solve the problem of a lack of liquidity, providing its suppliers with rewards. Developers of decentralized applications integrated into the ecosystem will also receive awards.
KNC holders will be able to make decisions regardingchanges to the Kyber Network through the KyberDAO decentralized platform. It is expected that such major holders as StakeCapital, StakeWith.Us, RockX and Hyperblocks will be connected to network management.
Against the background of the announcement, the market value of KNC grew by 10.5%, according to CoinGecko.
Earlier, the American exchange Coinbase Pro announced support for the Kyber Network token.
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