Kyber Network Crystal (KNC) Up 90 Percent this Week as Alt Season Continues
This week has delivered a host of impressive gains in altcoins, including Enjin Coin (ENJ), Ravencoin (RVN) and Basic Attention Token (BAT). Enjin Coin, in particular, has had a stellar month, up 700 percent over the past 30 days.
Now KNC, the coin for decentralized exchange platform Kyber Network, has joined the party. The digital asset surged up 50 percent yesterday, bringing its weekly total gains to almost 100 percent.
In January, Kyber Network released its roadmap for 2019, which included its recently launched KyberDAO voting experiment on March 8th. The experiment is designed to gather metrics on voting thresholds, time frames and participation while also evaluating other platforms and collecting valuable information on the Kyber community sentiment. The first poll has already been launched and will run for 16 days until March 24th.
The initial vote is to decide on whether Kyber should develop a Community Grant and should it be governed by the Kyber DAO (Decentralized Autonomous Organization). A community grant would fund new product development and outreach activities through contributions made by the Kyber community. Participants can vote on the Aragon platform using ‘voting tokens’ which are granted based on the number of KNC coins you have.
Kyber Network has moved into 74th place on crypto rating site CoinLib, trading at $0.33 with a total value of just over $52 million.