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Price
$0.0191
10/3/2022, 5:03:58 AM
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Market

Market stats

Market cap

$5.2M

Volume (24h)

$241,971.01

Circulating supply

270.3M KYL

All time high

$2.20

Price change (1h)

+0.01%

Price change (24h)

+1.69%

Price change (7d)

-3.9%

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Kylin is on the decline this week.

The price of Kylin has fallen by 3.90% in the past 7 days. The price increased by 1.69% in the last 24 hours. In just the past hour, the price grew by 0.01%. The current price is $0.019072 per KYL. Kylin is 99.13% below the all time high of $2.20.

The current circulating supply is 270,259,840 KYL.

About

What Is Kylin (KYL)?

Kylin network describes itself as a cross-chain platform supporting the data economy of Polkadot. Kylin network is considered a connective tissue between the blockchain or Web3 world and the 'real world,' offering insights and informing each in synergy.

According to the whitepaper, there are various problems associated with the existing blockchain networks including need of accessible data querying and data analytics, and high costs of Legacy oracles and difficulties in feeding off-chain data. The Kylin Network is based on the Polkadot network, and its cross-chain interoperability is considered a resolution for these issues that plague the blockchain ecosystem. The Kylin network aims to be the data infrastructure for decentralized finance (DeFi) and Web3.0 backed by Polkadot.

The platform powers the infrastructure of the main adoption layers of blockchain, such as NFTs, Defi, and DAOs, via reforming data awareness and access. Kylin also assists GameFi in creating an economic ecology by enabling access to off and on-chain data, varying data streams, guaranteeing their accuracy and authenticity.

The native token of the Kylin network platform is KYL. The KYL token plays a significant role in securing and supporting the decentralized data network.

The users need to stake the tokens with a high stake to accomplish the data requests. Users can use KYL tokens to pay transaction fees and query fees. Also, the token holders are eligible to vote for the upgrades related to the protocol and changes in the parameters on Kylin Network.

History of Kylin (KYL)

The Kylin Network team comprises twenty-one members from technical, financial, and marketing backgrounds. Kylin Network's skilled team hails from some of the most prestigious blockchain initiatives and companies, including Wharton, Columbia University, Harmony, Credit Suisse, and many others. Dylan Dewdney, a crypto enthusiast, is the project lead and the co-founder of Harbour DAO. The platform's launch took place in 2020, with the official whitepaper published in the same year.

The total supply of KYL tokens is one billion.

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FAQ

What is the current price of Kylin?

The price of 1 Kylin currently costs $0.0191.

What is the market cap of Kylin?

The current market cap of Kylin is $5.15M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Kylin?

The all-time high of Kylin is $2.20. This all-time high is highest price paid for Kylin since it was launched.

What is the 24 hour trading volume of Kylin?

Over the last 24 hours, the trading volume of Kylin is $241.97K.

What other assets are similar to Kylin?

Assets that have a similar market cap to Kylin include Poolz Finance, Unicly CryptoPunks Collection, ShareToken, and many others. To see a full list, see our comparable market cap assets.

How many Kylin are there?

The current circulating supply of Kylin is 270 million.

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