Kyber Network is a decentralized exchange (DEX) built on an Ethereum-based protocol but is highly interoperable and can be incorporated by any smart-contract based blockchain. Using Kyber, anyone can instantly exchange and convert digital assets and cryptocurrencies with high liquidity with all exchanges automated and performed on the blockchain and no intermediary. The Kyber Network uses Kyber Network Crystal (KNC) which is an ERC-20 utility token and an integral part of the DEX.