{"id":15346,"date":"2022-04-30T06:44:45","date_gmt":"2022-04-30T06:44:45","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15346"},"modified":"2022-04-30T06:44:45","modified_gmt":"2022-04-30T06:44:45","slug":"3rd-vietnamese-cryptocurrency-joins-billion-dollar-club","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15346","title":{"rendered":"3rd Vietnamese cryptocurrency joins billion-dollar club"},"content":{"rendered":"


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\nBy Luu Quy<\/a>\u00a0 &nbspApril 29, 2022 | 07:46 pm PT\n<\/div>\n
\n\"3rd<\/p>\n

\nThe logo of Kyber Network is seen at its office in Hanoi. Photo courtesy YouTube channel <\/p>\n<\/div>\n


\nKyber Network has become the third Vietnamese cryptocurrency to achieve market capitalization of US$1 billion.\t<\/span><\/p>\n

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KNC rose from $1.5 in January to over $5.5 Thursday morning, making it the world\u2019s 80th largest cryptocurrency.<\/p>\n

Kyber Vietnam, the company behind it, was founded in 2017 by two Vietnamese developers, Victor Tran and Luu The Loi.<\/p>\n\n\n\n\n
\"KNCs<\/td>\n<\/tr>\n
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KNC’s market cap. Photo courtesy of CoinMarketCap.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It raised $52 million that year through an initial coin offering, the cryptocurrency equivalent of an initial public offering.<\/p>\n

Its main products include KyberSwap, one of the world\u2019s largest decentralized exchanges with a total transaction value of over $7.3 billion, and asset management platform Krystal.<\/p>\n

Fintech blog CoinTelegraph attributed Kyber\u2019s growth to the integration between KyberSwap and BitTorrent Chain, its 11th supported cryptocurrency.<\/p>\n

The first two Vietnamese cryptocurrencies to exceed $1 billion in market cap were AXS by blockchain-based game developer Axie Infinity and C98 of Coin98.<\/p>\n

Kyber Network has issued a total of more than 200 million tokens, but only 177 million of them have been transferred to the second version of KNC.<\/p>\n<\/div>\n<\/div>\n

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By Luu Quy\u00a0 &nbspApril 29, 2022 | 07:46 pm PT The logo of Kyber Network is seen at its office in Hanoi. Photo courtesy YouTube channel Kyber Network has become the third Vietnamese cryptocurrency to achieve market capitalization of US$1 billion. KNC rose from $1.5 in January to over $5.5 Thursday morning, making it the […]<\/p>\n","protected":false},"author":1,"featured_media":15347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[4576,1631,2083,52,2211,7705],"class_list":["post-15346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-3rd","tag-billiondollar","tag-club","tag-cryptocurrency","tag-joins","tag-vietnamese"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/maxresdefault-1651136823-16511-7644-3001-1651138370_1200x0.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15346"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15346\/revisions"}],"predecessor-version":[{"id":15348,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15346\/revisions\/15348"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15347"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15346"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}