Kyber Explained - This Crypto Can Make You CRAZY M

In this video, I want to take a look at Kiber Network. What Kiber is, what has been happening with Kiber, and what the future holds for this exciting crypto. And there has indeed been a lot of excitement around Kiber recently with the Coinbase listing, really driving a lot of renewed interest in Kiber. But there's a lot going on under the hood that makes this a very

hot crypto to keep an eye. And in fact, it's so hot, I'm not even wearing any pants for this video. Before I begin this review, I do want to say that this is not a sponsored review, and that I do not currently hold any Kiber, although I am considering taking a position at some point in the future. The CryptoLark. This is where you subscribe for all

of the latest and the hottest happening out there in CryptoLand. By the way, if you are new around here and you're still trying to figure out all of the basics of crypto, then you should check out my course Crypto Currency Explained. Which takes you through all of the basics of how to get started in crypto. There's a link down below where you can learn more information

about what's in the course. So what is Kiber anyway? Well, Kiber is an on-chain liquidity protocol that enables any token to be usable anywhere. A simple but very powerful idea. Kiber is enabling the decentralized exchanging of Ethereum-based cryptocurrencies in basically any application without the need for an intermediary. Look, I've been a big fan of Kiber for a long time, and if you haven't actually gone to

check out KiberSwap, which is their decentralized exchanging service, then you really need to. It is crazy easy to use, and it is a great representation of what is being done with decentralized finance. Now look, the decentralized exchanges, they are super important, and it's really important that we not only know how they work, but that we actually go out and use and support them because we know

all the dramas of centralized exchanges. You need to hand over all of your identity documents, which magically always seem to get stolen in some hack at some point. You also lose control of your private keys. When you put your crypto onto decentralized exchange, of course, there's lots of arbitrarily decided with draw fees that are sometimes away too high, and of course, quite time consuming sometimes to

withdraw your cryptocurrencies from those centralized services. Using a decentralized exchange like Kiber, though, solves all of those problems. Kiber's fully on-chain design allows for transparency and verifiability in the matching engine and gives you complete control of your crypto. And Kiber's fully on-chain token exchange and liquidity aggregation service has led it to quickly become the largest liquidity provider in the Ethereum space. Now by integrating liquidity providers

reserves into one single endpoint for the table, for example, you or a decentralized application, then it makes it super easy to access that liquidity. Now this service has been proving so popular that now Kiber has more than 100 different integrations making it a now quarterstone of the decentralized finance ecosystem. Also, the integration across a large variety of different liquidity providers has also made Kiber uniquely capable

of handling more complex schemes and to be able to handle the different requirements of decentralized finance apps. Now for developers, the Kiber platform also provides a rich array of different documentation and tools and APIs all to allow you to be able to interact with Kiber's liquidity pools. Now all of this means that developers can basically integrate Kiber Network into their DAPs in thus be able to

access instant liquidity via Kiber in a super quick and super easy way. The ability to move assets back and forth between people or just between assets for yourself in the click of a button, incredibly powerful stuff. Now Kiber has facilitated over $139 million in trades and $576,000 fully on-chain trades. Now, the Kiber platform is just in February. Yes, that is less than centralized exchanges. By miles,

yes, there are other competitors in the decentralized exchanging space, but that is massive growth. And it is on a major uptrend currently. Now a big part of that Kiber uptrend can really be attributed to their massive list of partners. You can see in this chart here that Kiber has made itself a centerpiece of decentralized finance. Look at all of the partners on this list. It is

crazy. You can now make decentralized swaps leveraging Kiber Network's liquidity with my ether wallet and Opera Browser among many other different players. You can also make payments for different things in Decentraland, for example, in a few other different games. And even some cryptocurrency events like Edcon all using Kiber, where you can send any asset in the merchant or the game. Receives their desired assets. You can

send, for example, synthetics and they receive Ethereum or die. And of course, Kiber finds itself at the heart of some of the biggest decentralized finance protocols like token sets, DeFi Zap, Nuo, Fulcrum. And that is all very, very exciting stuff. But the reason that I wanted to make this video on Kiber is to talk about the future of Kiber and some of the big and exciting

things that are coming to Kiber in the coming. Months. Their catalyst upgrade is going to bring in Kiber Dow, which is really going to big time shake up the already juicy token model. Kiber Dow will bring strong incentives for the different stakeholders to actually participate in the ecosystem in a richer way. In particular, the Kiber protocol upgrade is meant to really address three different groups of

Kiber. The first is the reserve managers. Now these are the guys who actually provide liquidity to the Kiber network. The second is the DAPS. So those are the guys who are actually connecting the takers, people like you and me, to Kiber's protocol to be able to access that liquidity. And the third category is the token holders who are going to be put more at the center

you and me, who actually decide on how the fees for the network are going to be. They are going to get used by voting for the ratio between what tokens get burnt, what tokens get given back as staking rewards, and of course the reserve incentives for liquidity providers. Now in the future, the Dow might also be able to decide on listing for different tokens, reserve approvals,

and even network development grants, which is all very, very exciting. Now currently the token burn rate for Kiber is set at 70% of the zero points 25% exchange fee. Now token burning is a great way for a crypto to gain value over time. The KNC token has a total possible supply of 211 million, 4.2 million have already been burnt. And Kiber is just starting to pick

up steam in a very serious way. Like really it's a crazy token model. Kiber has already done half a billion dollars in volume and collected around the market. They have found 6 million KNC in fees and they've burnt more than 4 million KNC. Now this will be a basically a crypto that has a staking token that has a deflationary model where the token burn and the

rewards are determined by the actual network use. So the more users, the more incentive to hold the token. And that token model, it just went full crazy. I mean just think about this. Kiber is going to be continually more concentrated in the strong hands that are actually holding the tokens for the long term. Those rewards will of course increase over time as the volume increases. And

more tokens get burnt. It is a deflationary dividend token. I'm super bullish on this model. It's very, very interesting. Everybody wants to buy and to hold these tokens. They will also be tempted to sell their tokens as the price sores due to it being locked up for staking. But they will know that if they sell, then they might be burnt for fees. Meaning that it's going

to be much harder to buy back in later. The game mechanics of it are super, super fascinating. And of course, the more K&C stake, the bigger your share of the pie. So just how much can you make by staking? Kiber. Well, even though we don't have any figures yet, I actually just wanted to do a bit of speculation here to give you an idea of what

could be possible. So currently we see that the exchange fee is 0.25%. Now in the month of February this year, there was $136 million in volume. Thus, $340,000 in fees were paid for the whole time. The whole month of February. Now what will need to be decided of course is what percentage of the collected fees actually ends up going to the stakers. Because remember, we still

need to burn some tokens. And yes, we still need to take care of the reserve operators. So we can't leave those two stake holders out. But let's just assume that the stakers decide that they deserve 50% of the fees. That is $170,000. So let's say that like Tazos, we actually see a very high percentage of staking happen and that 80% of these tokens get staked. That

will be around 143 million tokens that will receive a percentage of the $170,000. Now that would have created to around a tenth of a cent per KNC that you hold. So if you were for example to buy 10,000 KNC tokens for around $7,000 today on the market, then you would be making around $11 a month in staking rewards based on the current metrics. Now if exchange

volume stayed flat for 12 months, then you would make $10,000 for the market. Now if exchange volume stayed flat for 12 months, then you would make $10,000 for the market. And that would be $42 in staking rewards in a year. Not particularly awesome by any means, but that 2% annually is actually better than most banks are going to give you. So it's got that going for

it. But it is worse than lending rates on most of the different crypto markets. And of course, worse than staking things like Tazos. Now that of course assumes that volume stays flat of course. And that the staking rate will be 50%. Now it could be much lower, it could be much higher. I mean, time's going to tell what actually plays out with that. But let's continue

to assume that 50% is going to need a stake reward and that volume increases by a magnitude of 10. So 1.3 billion dollars a month on Kiber or the same volume that Binance does in just one day. Then you're all of a sudden making $110 a month or around $1,300 a year. Or an annual dividend. And then of around 18%. Now things start to get very,

very interesting. Now in all seriousness, the rewards ratio now is not super awesome. But if volume can continue to increase substantially. And of course, as tokens continue to be burnt, thus reducing the total number of tokens that can actually be held by people and receive dividends, then Kiber could have a very, very exciting long-term profit potential for investors if you can get those kind of rates

of return or even higher if they get the volume up. I mean, we're talking long hold here, like a 10 year hold. That could really pay off. Paying out dividends, making your money year after year after year. Anyway, that's all just totally random speculation. None of those numbers are official. All total speculation. But the thing with Kiber to me that really ensures that there is going

to be long-term prosperity outside of the Sik token economics is that they have got an excellent product. Magical. That's crazy for crypto. It's a product that works and it's a product that's good. It's ridiculously easy to use. It's useful. People like it and people are using it. The numbers on chain prove it. And Kiber has managed to position themselves right in the center of the decentralized

finance ecosystem. It is quickly becoming the liquidity layer of the DeFi space. It's a company with real vision and a strong purpose and of course a great product. It is going to do very well in the coming years. This is one of those projects that just came out of the bear market. Stronger than ever. And yes, there are many challenges ahead for Kiber. Nothing is certain.

And there's a lot of competition. But Kiber has certainly made a very big impact in the decentralized finance space. And in spite of the exciting price of these, Kiber is still down massively from its all times high of around $5.80 back in January 2018. So it's about 85% down since that time. It's crazy. Back then the market cap Kiber hit $770 million. So yeah, there's still

a lot of room for the price to go up. But if we can actually see those kind of returns for people, then this is just like the beginning of Kiber's fair price discovery process. But Kiber has been a great opportunity to get the market cap. To of course be aware of the massive hype around Kiber right now. It can certainly lead to volatility in the price

and people could get burned in that short term play. But long term, the token model is very exciting. And the product is excellent. And if they can keep growing that liquidity, definitely one to keep an eye on. Anyway, those are just my two Satoshi's on Kiber network. You will let me know your opinion on Kiber. And if you have a question, please let me know in

the comments section. What do you think? Can they keep growing their volume? Can they get over a billion dollars a month in volume on Kiber Network? Can they do more? Do you think they'll ever get to a billion dollars a day like Binance? If so, wowsers. Or is that just crazy speculation? You'll let me know down below in the comments section. Thank you so much for

watching this video on Kiber Network. I really, really appreciate your support. And of course, if you could hit that thumbs up button or even subscribe to the channel. If you are new around here, that would be supremely amazing. Hope you're having an awesome day out there in the world wherever you are. Keep in safe. Have a great time. Long live the blockchain. And peace out till

next time. But as we did on Kiber Network's53 discard, let's utilize our strategy right now, that's good n Eco here right now. You can go in the HEAD ok? Let's begin. Thank you so much. Thank you so much.