Details about Aave KNC v1 cryptocurrency
Aave KNC v1
AKNC
Unknown for now
€0
67,419
1
Unknown
https://aave.com/atokens
@aaveaave
32435100x
€17419600
Aave KNC v1 price charts
AKNC exchanges
Aave KNC v1, the crypto
Aave KNC v1 (AKNC) is a cryptocurrency that is part of the Aave protocol. It is an interest-bearing token backed by Kyber Network Crystal (KNC), a cryptocurrency used on the Kyber Network which allows for decentralized token swaps.
The point
The main point of Aave KNC v1 (AKNC) is to provide users with a way to earn interest on their KNC holdings while still being able to use them within the Kyber Network. AKNC holders can earn interest on their tokens through Aave's lending system, which allows for decentralized borrowing and lending of cryptocurrency.
The problem
Aave KNC v1 (AKNC) tries to solve the problem of users not being able to earn interest on their KNC holdings while still being able to use them within the Kyber Network. By providing an interest-bearing token, users can earn passive income while still retaining the ability to use their KNC for trading and other purposes within the Kyber Network.
Compare AKNC and BTC performance
| Timeframe | AKNC | BTC |
|---|---|---|
| 1h change | 0.110167 % | 0.2369 % |
| 24h change | 2.68 % | 4.23053 % |
| 7 day change | -21.55 % | -8.99824 % |
| 14 day change | -22.02 % | -5.57204 % |
| 30 day change | -25.47 % | 1.13445 % |
| 200 day change | -16.96 % | 132.592 % |
| Year change | -24.16 % | 116.788 % |