Details about xKNCa cryptocurrency
xKNCa
XKNCA
Unknown for now
€0
644,738
15.193
Unknown
https://xtoken.market
@xtokenmarket
xKNCa price charts
XKNCA exchanges
xKNCa, the crypto
xKNCa (XKNCA) is a wrapped token created by Keep Network that is backed by the native token of Kyber Network Crystal (KNC). This token is used to represent KNC's value on the Ethereum network.
The point
The main point of xKNCa (XKNCA) is to provide liquidity to KNC holders by enabling them to participate in other decentralized finance (DeFi) applications on the Ethereum network without having to sell their KNC holdings. It also allows KNC holders to earn additional rewards through staking and liquidity pooling.
The problem
The problem that xKNCa (XKNCA) tries to solve is the lack of liquidity for KNC holders in decentralized finance applications. Without wrapped tokens like xKNCa (XKNCA), KNC holders would have to sell their tokens to participate in other DeFi applications, which could lead to price volatility and reduced demand for KNC. Wrapped tokens like xKNCa (XKNCA) enable KNC holders to maintain their investment in KNC while participating in other DeFi applications, which could lead to increased liquidity and demand for KNC.
Compare XKNCA and BTC performance
| Timeframe | XKNCA | BTC |
|---|---|---|
| 1h change | 0 % | -0.753837 % |
| 24h change | 0 % | -4.58836 % |
| 7 day change | 0 % | 2.49257 % |
| 14 day change | 0 % | -10.0034 % |
| 30 day change | 0 % | -9.64041 % |
| 200 day change | 0 % | 124.834 % |
| Year change | 0 % | 139.061 % |