- #8111
Kylin Network KYL
KYL Price
Market Cap
--Rank #8111FDV
$1.70 MRank #5502Investors
X Followers
Detailed Performance
KYL shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
KYL to USD Converter
Price History
- All-Time High
- $2.801648x to ATH
- All-Time Low
- $0.00032175.28x to ATL
- Trade Launch Date
- 3 Mar, 2021
1394 days ago
Fundraising
See more- ICO Price
- $1.43
- Funds Raised
- $22.45 M
- Tokens Sold
- 180.00 M KYL
Exchanges
Exchanges type
About KYL
Kylin Network is a blockchain infrastructure built on Polkadot that focuses on providing decentralized data management solutions for the web3 ecosystem. It aims to democratize the entire process of data management required by web3 middleware. Kylin Network is designed to be secure, scalable, and interoperable, inheriting these qualities from Polkadot. It serves as a layer 1 blockchain and offers compatibility with Polkadot parachains, making it a composable framework for middlewares across different chains.
What makes Kylin Network unique?
Kylin Network stands out from other cryptocurrencies due to its unique features and functionalities. Here are some key aspects that make Kylin Network unique:
1. Oracle Data Infrastructure: Kylin Network is a multi-level oracle data infrastructure built on Polkadot. It aims to democratize the entire chain of data management processes required by all web3 middleware. This infrastructure enables secure and reliable data sourcing, processing, and delivery across different blockchain networks.
2. Polkadot Parachain Compatibility: Kylin Network is built with Polkadot parachain compatibility, which allows it to inherit the security, scalability, and interoperability features of Polkadot. This makes Kylin a composable framework for middlewares across various chains.
3. Staking Mechanism: In the Kylin Network ecosystem, miners are required to stake KYL tokens. The higher the stake, the higher the probability of being selected to fulfill data requests. This staking mechanism ensures a higher level of trust and reliability in the data provided by the network.
4. Governance by Token Holders: KYL token holders have the power to vote for protocol upgrades and parameter changes on the Kylin Network. This decentralized governance structure ensures that the community has a say in the development and direction of the network.
5. Strategic Partnerships: Kylin Network has formed partnerships with various organizations, including Ternoa, a substrate-based blockchain dedicated to utility NFTs. These partnerships expand Kylin's ecosystem and enhance its utility by integrating with other innovative blockchain projects.
In summary, Kylin Network's unique features such as its oracle data infrastructure, Polkadot compatibility, staking mechanism, governance by token holders, and strategic partnerships set it apart from other cryptocurrencies in the market.
Live Kylin Network Price Data
The current price of Kylin Network (KYL) is approximately $0.001699, reflecting a decrease of -13.97% in the last 24 hours. The KYL trading volume in the last 24 hours stands at $45.05.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Kylin Network's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on KYL, check out our crypto insights page.
Official Links
KYL to USD Converter
Price History
- All-Time High
- $2.801648x to ATH
- All-Time Low
- $0.00032175.28x to ATL
- Trade Launch Date
- 3 Mar, 2021
1394 days ago
Fundraising
See more- ICO Price
- $1.43
- Funds Raised
- $22.45 M
- Tokens Sold
- 180.00 M KYL