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What is Kylin Network (KYL) coin and how does it work?

by Financial Economy

Kylin Network is a project created with Blockchain technology that provides its users with reliable and simultaneous market data. The project leverages open networks such as Polkadot Substrate to provide on-chain and off-chain data to its users. Detailed information some questions about such as what is Kylin Network (KYL) coin, how it works, which exchange is it avaliabe on, how to buy it, etc are in continuation of the article. You can browse here for information about PEPE coin.

What is Kylin Network (KYL) coin and how does it work?

The native cryptocurrency of the Kylin Network project is KYL coin. The platform offers three main services. These; Kylin Data is Oracle, Kylin Data Analytics and Kylin Data Marketplace. Kylin Data Oracle is a decentralized data feed protocol that provides concurrent data. The protocol validates on-chain and off-chain data and reliably processes it into blocks.

Kylin Data Analytics is a data analytics protocol. Users use this tool; can use data for purposes such as making sense, molding and interpreting. In addition, the Data Analytics tool also acts as a query engine for external analytics tools such as dApps. Kylin Data Marketplace is a dApp built on Polkadot that works as Kylin Network’s data marketplace. Users can exchange data using this application and price their data and offer it for sale. The app supports all types of data, including social media posts, weather and currency rates.

How to use KYL coin? KYL token features!

KYL coin is a token that works as Kylin Network’s native cryptocurrency. The token, whose maximum supply is limited to 1 billion, was created on the Ethereum Blockchain with the ERC-20 smart contract. KYL, a governance token, ensures the decentralization of the platform. Token holders can participate in the management of the platform, vote in decision-making processes and submit proposals for exchange to the community. In addition, the KYL token has certain use cases within the network.

Which exchange is KYL coin on?

Kylin Network coin is listed on some cryptocurrency exchanges such as KuCoin, Gate.io, etc.

How to buy KYL coins?

Kylin Network coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

KYL token supply!

Total supply of Kylin Network coin is  units. Its maximum supply is also  units.

KYL token price!

As of June 5, 2023, at the time of the writing, 1 Kylin Network token price is around $0,0080 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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