I'm trying to find up to date details on kyber and there is no ANN at the moment.
Can someone tell me if this is still accurate in terms of fees:
As an example, for a trade volume of 10 ETH with a 0.01% fee, a corresponding 0.001 ETH worth of KNC will be paid by the chosen reserve to KyberNetwork as a fee for the use of the reserve dashboard and access to network users. Suppose the rate of KNC at the trading time is 1 KNC for 0.1 ETH, the reserve needs to pay 0.01 KNC to the Kyber platform. The wallet/ website that helped the user initiate the trade will get, supposedly, 5% of the fees, or 0.0005 KNC. The remaining 95% of the fees, or 0.0095 KNC will be burned and cease to exist in the entire ecosystem.
I don't believe I have come across a coin that "burns" part of the currency to reduce the amount in circulation, is this normal/good?