Prior to Katalyst, protocol trading fees were charged in KNC with the proceeds burned to reduce circulating...rewards and 30% as a rebate to one type of their liquidity reserves, with only 5% now being used to burn KNC...With the market anticipating this update for months, the price of KNC has been on an absolute tear YTD...

Kyber – KNC up ~60% this past week   At the end of 2019, Kyber announced their plan for their Katalyst...Update, which will change KNC’s token economics soon....It also allows users who hold 2000 KNC to get 0 fees on KyberSwap.