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20064987 No.20064987 [Reply] [Original]

Why are you not buying this anon? How many more times must it moon and double in value before you buy in?

>> No.20065048

>>20064987
Honestly, the Kyber project is great. With the Katalyst update coming in 6 days you'll get paid in ETH to stake KNC. Look what the introduction of staking & a positive feedback loop did to the price of SNX. Also, read this: https://cryptokek.com/kyber-network-the-defi-standard/

>> No.20065095

>>20065048
It's gonna pump real high soon, the frequency is intensifying. I'm a poorfag and I've already made thousands off of KNC

>> No.20065189

hoping for a dip to buy more

>> No.20065343

>>20065048
is there any info on expected staking rewards?

>> No.20065357

>>20064987
I already sold this for profit twice and now I'm priced out / it's too high for my liking; also the fees on integrated kyber swaps are too high

>> No.20065444

>>20065343
Here's what one of the admins said:

"DeFi Dude:
Alright, let's use some hypotheticals. The past 24 hours we saw 3.8M volume. Let's use that for every day the past two weeks. That's 53.2M volume in two weeks.

Using the *current* fee of 0.25%, that's $133,000 in fees or 585 ETH. If we assume 50M KNC is staked, a user staking 10k KNC would receive 0.11 ETH over that two week duration, or 0.22 ETH a month in that case. Again, all hypothetical to get some ideas.

DEX volume right now is very very low compared to CEXs, so there's an extreme amount of growth possible. And it's also hard to tell how much KNC will be staked."

Again, hypotheticals, I'm guessing a large portion of KNC will be locked. Probably 60-80%, so less staking rewards, but also less circulating supply, thus, increased KNC price itself. DEXes have been gaining ground over CEXes so, volume could be significantly higher over the next 6 months+, more rewards for KNC stakers.

>> No.20065486

>>20065357
Fees are high all across the board, you cant fault KNC too much. ETH network utilization has been pinned at 95/96% for a while now. It's an ETH scaling issue. You must not understand supply demand economics. Staking with reduce circulating supply drastically, KNC is constantly burning KNC per trade, as well as a hard cap on supply, it doesn't inflate like SNX. All of these things together you have a huge supply shock, you'll be wishing you sold at $5 and eventually much higher.

>> No.20065907

>>20065189
Maybe a small puooback, then continuing up.

>> No.20065982

>>20064987
This, pnk, lrc are sleeping giants

>> No.20066262

>>20064987
I’m slowly accumulating these, currently have 1,2k and I hope this moons to 5$ next year

>> No.20066350

Bought at 4$. When moon?

>> No.20066382

>>20064987
Kyber is based because they listed RLC.

>> No.20066688

>>20066350
Within the next 3 months.