What is Kyber Network?What does it do?

Basic information about Kyber Network,which allows the exchange of different crypto assets without using cryptocurrency exchanges.

Many Blockchain networks have their own crpto assets.for example,Bitcoin,Ethereum,Litecoin can be given as examples of these networks.The crypto assets of these networks,such as bitcoin,ether and litecoin,are also called cryptocurrencies.On the other hand,networks such as Etherium allow creating crypto assets without building a blockchain network from scratch with various protocols such as ERC20.These assets are not called cryptocurrencies but rather tokens.if you want to buy a crypto asset,cryptocurrency exchanges are generally used,but if you want to exchange two different crypto assets with each other,you can do this through exchanges.Kyber Network is a solution that steps in at this point and aims to eliminate stock exchanges.
Basically,Kyber Network is a solution that works on the Etherium Network and enables the fast exchange of ERC20 tokens.However,the crypto asset exchange service is not only limited to the Etherium platform and ERC20 tokens.
With flexible program options,Kyber Network can be connected to liquidity pools where different crpyto assets are held or to other crypto exchanges or budget applications that manage these assets,In this way promotions can be extablished for digital asset exchange between the Ethereum Blockchain Network and other blockchain networks.

What makes Kyber Network important is that if you have any Ethereum wallet(like metamask) you can transfer your ether assets to Kyber Network without any registration,get Kyber Network crystals(KNC),which is the special token of this network,and quickly exchange these tokens with other crypto assets.You can start your transactions

This stracture allows us to better understand the concept of DeFi,which has been rapidly rising recently.

How to buy KNC on Binance?
-KNC can be purchased from cryptocurrency exchanges such as Binance.
1-Log in to your Binance account and click [Buy-sell]->[Spot]
2-Type 'KNC' in the search bar to see a list of available trading pairs.We will use the KNC/BUSD pair in this example.
3-Go to the spot box and enter the amount of KNC you want to purchase.In this example we will use a Market order.Click the [GET KNC] button to confirm your order.the KNCs you purchase will be deposited into your spot wallet.
Warning:Cryptocurrency trading involves high market risk.Binance is not responsible for any losses you may incur from trading.The statements in this article are for educational purposes only and should not be considered financal advice and should not be considered an investment recommendation.