NKN (NKN) will be listed on BitMart on May 16th.

NKN (New Kind of Network) is an open-source protocol for peer-to-peer networks, based on public blockchains

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BitMart exchange will list NKN (NKN) on May 16th.

NKN is an open-source protocol for building the Internet participants can use and cooperate to better utilize collective network resources and productively access the Internet. The project provides an opportunity for users to contribute their idle network resources to create an innovative network that facilitates seamless data transmission and optimal network connectivity.

The project's aim is to use blockchain technology and tokenization to economically incentivize participants who contribute their network resources, similar to how projects like Filecoin and Storj economically incentivize participants who contribute storage space.

NKN uses a unique consensus algorithm called Proof of Relay, where participants can earn NKN tokens for relaying data through their network, which encourages them to contribute to increasing the network's throughput and reliability.

Moreover, NKN is developing several applications that utilize their decentralized network, such as decentralized content delivery networks (dCDNs), private VPN networks, and messengers.

The NKN token is an ERC-20 utility token that serves as an incentive and payment system for services on the network.