KyberNetwork is a new project based in Singapore which facilitates the instantaneous exchange and conversion of cryptocurrencies. The system runs on Ethereum-based smart contracts, which are fully compatible with contracts from other sources, so exchanges are seamless and instantaneous.

The Network will hold a reserve of all crypto tokens so that there is no problem with liquidity, as well as offering trading in derivatives (e.g. hedging) to offset the risks of price fluctuation. The smart APIs (Application Programming Interface) allow users and merchants to interface in any cryptocurrency through the smart contract wallet. Ten tokens are listed on the exchange at the outset, but more will soon be added.

The Kyber Network\'s mainnet pilot system went live on February 11th, but only white-listed ICO investors will have platform access during the pilot phase. Through 2018 the project will progress with token pairing, and developing support for advanced financial instruments. By 2019, Kyber Network\'s roadmap plans for cross-chain trading facilities.

The Kyber Network Token (KNC) is a utility token which will be used by Reserve Managers to fund transactions on the platform, and to reward partners who help the system to function and expand. KNC is currently listed for trading on OKEx, Huobi, Coinnest and Binance.