Market Cap: $2.9793T 2.370%
Volume(24h): $104.8219B 12.150%
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52 - Neutral

  • Market Cap: $2.9793T 2.370%
  • Volume(24h): $104.8219B 12.150%
  • Fear & Greed Index:
  • Market Cap: $2.9793T 2.370%
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When was the NKN coin issued?

The NKN coin, with a total supply of 1 billion, serves multiple purposes within the NKN ecosystem, acting as a payment mechanism, governance token, staking reward, and network incentive.

Dec 06, 2024 at 04:18 pm

The NKN Coin: A Comprehensive Guide to a Decentralized Connectivity Network

Introduction

NKN is a decentralized connectivity network that enables anyone to share their excess bandwidth and earn cryptocurrency in return. The NKN coin, the native cryptocurrency of the NKN network, serves as both a payment mechanism and a governance token. This article provides a detailed overview of the NKN coin, including its history, issuance, distribution, use cases, and market performance.

NKN Coin History and Issuance

  • Origin: NKN was founded in 2017 by a team of experienced blockchain and telecommunications professionals.
  • ICO: NKN conducted an initial coin offering (ICO) in 2018, raising over $25 million.
  • Mainnet Launch: NKN's mainnet, the fully decentralized version of its network, was launched in October 2019.
  • Coin Issuance: The NKN coin was issued during the ICO and has a total supply of 1 billion coins.

NKN Coin Distribution

  • ICO Participants: 40% of the NKN coins were distributed to ICO participants.
  • Strategic Partners: 20% of the coins were allocated to strategic partners and advisors.
  • Founding Team and Advisors: 10% of the coins were reserved for the founding team and advisors.
  • Network Rewards: 25% of the coins are allocated for rewards to network participants who share bandwidth and contribute to the NKN ecosystem.
  • Community Fund: 5% of the coins are reserved for a community fund to support future development and initiatives.

NKN Coin Use Cases

The NKN coin has several use cases within the NKN ecosystem:

  • Payment Mechanism: Users pay NKN coins for bandwidth services provided by other network participants.
  • Governance Token: NKN coin holders can vote on proposals that affect the direction of the NKN network.
  • Staking: Users can stake their NKN coins to earn rewards and participate in network governance.
  • Incentivization: Network participants are rewarded with NKN coins for providing bandwidth, contributing to the network, and reporting malicious behavior.

NKN Coin Market Performance

  • Trading Platforms: NKN coins are listed on several major cryptocurrency exchanges, including Binance, Huobi, and KuCoin.
  • Price Volatility: Like other cryptocurrencies, the price of NKN coins is subject to market volatility.
  • Price History: Since its ICO, the NKN coin has experienced significant price fluctuations. It reached an all-time high of over $1 in 2018 and has since declined in value.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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