I just did a BIG rebalancing on my crypto portfolio. Long story short, I sold all my altcoins and went all-in on Kyber network (KNC) and ICON (ICX). I will explain why I am accumulating KNC heavily right now, what is Kyber Katalyst, Kyber network and what is the future of KyberDAO.
1. Introduction of Kyber Network
Kyber network did an ICO in 2017 and they raised 200,000 ETH in their token sale (worth about US$52 million). The company is based in Singapore and the CEO of Kyber Network is Loi Luu.
In 2014, Loi Luu came to Singapore from Vietnam to do his PhD in computer science at NUS. He was researching on cryptocurrencies, blockchain and smart contract security. Loi subsequently founded Oyenete, which is an open-source analysis tool to detect security bugs and vulnerabilities in smart contracts.
This is really good for Kyber’s development as you have the CEO himself who understands...