-
Bitcoin $88,354.9846
1.30% - Ethereum
$1,585.1570
-2.87% - Tether USDt
$1.0000
0.03% - XRP
$2.0950
-1.00% - BNB
$601.2750
0.03% - Solana
$138.7714
-1.69% - USDC
$1.0000
0.01% - Dogecoin
$0.1615
0.76% - TRON
$0.2468
0.27% - Cardano
$0.6281
-1.60% - Chainlink
$13.2373
-2.60% - UNUS SED LEO
$9.1021
-2.96% - Avalanche
$20.1085
0.64% - Stellar
$0.2508
0.12% - Toncoin
$2.9308
-3.06% - Shiba Inu
$0.0...01247
-1.43% - Sui
$2.2499
2.17% - Hedera
$0.1703
-0.51% - Bitcoin Cash
$344.9911
1.61% - Hyperliquid
$18.3271
0.87% - Litecoin
$78.9540
-0.58% - Polkadot
$3.7860
-3.64% - Dai
$0.9999
-0.01% - Bitget Token
$4.4576
-1.00% - Ethena USDe
$0.9991
-0.01% - Pi
$0.6327
-1.82% - Monero
$215.1854
-0.20% - Pepe
$0.0...08022
2.96% - Uniswap
$5.3079
-2.18% - OKB
$50.9891
-0.24%
What currency does NKN coin belong to?
NKN coin is a utility token utilized to access the decentralized NKN network, facilitating data transmission and incentivizing resource sharing.
Nov 28, 2024 at 08:38 pm
What Currency Does NKN Coin Belong To?
NKN coin is a decentralized cryptocurrency that is used to power the NKN network. The NKN network is a global network of computers that are used to provide secure and reliable data transmission. NKN coin is used to pay for the use of the NKN network, and it is also used to reward users for providing bandwidth and resources to the network.
Currency Classification
Cryptocurrencies can be classified into different categories based on their purpose and functionality. NKN coin falls into the following categories:
- Utility Token: NKN coin is a utility token that is used to access the NKN network and its various services. It is not intended to be used as a currency for everyday purchases.
- Blockchain Token: NKN coin is a blockchain token that is used to secure the NKN network and facilitate transactions. It is based on the Ethereum blockchain, and it uses the ERC-20 token standard.
- Digital Asset: NKN coin is a digital asset that has value and can be traded on cryptocurrency exchanges. It is not backed by any physical asset, and its value is determined by market forces.
NKN Coin Use Cases
NKN coin is used to pay for the following services on the NKN network:
- Data Transmission: NKN coin is used to pay for the transmission of data over the NKN network. The cost of data transmission is determined by the size of the data file and the distance it needs to travel.
- Bandwidth Sharing: NKN coin is used to reward users for sharing their bandwidth with the NKN network. Users who provide bandwidth to the network are compensated with NKN coins.
- Node Operation: NKN coin is used to reward users for operating nodes on the NKN network. Nodes are responsible for securing the network and facilitating transactions.
NKN Coin Value and Trading
NKN coin is traded on a number of cryptocurrency exchanges, including Binance, Huobi, and OKEx. The price of NKN coin has fluctuated over time, but it has generally been on an upward trend since its launch in 2019.
The factors that affect the price of NKN coin include:
- Network Adoption: The more users who adopt the NKN network, the more demand there will be for NKN coin.
- Demand for Data Transmission: The demand for data transmission over the NKN network will also affect the price of NKN coin.
- Competition: The competition from other blockchain networks and cryptocurrencies will also impact the price of NKN coin.
Conclusion
NKN coin is a utility token that is used to power the NKN network. The NKN network is a global network of computers that are used to provide secure and reliable data transmission. NKN coin is used to pay for the use of the NKN network, and it is also used to reward users for providing bandwidth and resources to the network.
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.
- Bitcoin (BTC) Reclaims $80,000, Boosting Market Sentiment and Lifting Stacks (STX)
- 2025-04-22 10:40:12
- A Fateful Turn in Sacramento
- 2025-04-22 10:40:12
- SUI is Now on the Move, as Its Movement Suggests a Bullish Trend and Marks the Crucial Entry Zones
- 2025-04-22 10:35:12
- Bitcoin Is the Crypto Sector's Top Asset
- 2025-04-22 10:35:12
- The Ethereum Foundation is realigning its developmental strategy
- 2025-04-22 10:30:11
- Cardano Has Surged Beyond Triangle Resistance Line
- 2025-04-22 10:30:11
Related knowledge
All MANTRA team tokens are locked, why did OM still experience a sharp drop?
Apr 20,2025 at 11:14am
Introduction to MANTRA and OM TokenThe MANTRA project is a blockchain platform that aims to provide a scalable and secure environment for decentralized applications (dApps). The native token of the MANTRA ecosystem is OM, which plays a crucial role in governance, staking, and other functionalities within the platform. Recently, the MANTRA team announced...
MANTRA announces OM support plan. Can repurchase and destruction stabilize the currency price?
Apr 21,2025 at 01:57pm
MANTRA, a notable player in the cryptocurrency ecosystem, has recently announced an OM support plan that includes mechanisms for repurchasing and destroying tokens. This move has sparked significant interest and discussion within the crypto community, particularly around its potential impact on the stability of the OM token's price. In this article, we ...
A large amount of OM was liquidated due to collateralization, causing a sharp drop? MANTRA analyzes the reasons for the market turmoil
Apr 21,2025 at 01:57am
The cryptocurrency market is known for its volatility, and sharp price movements can often be attributed to a variety of factors. Recently, a large amount of OM (Mantra DAO's native token) was liquidated due to collateralization issues, leading to significant market turmoil. In this article, MANTRA analyzes the reasons behind this event and the subseque...
MANTRA CEO promises to destroy team tokens, can OM market restore confidence?
Apr 21,2025 at 08:28am
The recent announcement from the CEO of MANTRA about destroying team tokens has sparked a wave of discussions within the cryptocurrency community. This move is seen as a strategic effort to restore confidence in the OM market, which has been facing various challenges. The decision to burn team tokens is not just a simple action; it involves a series of ...
How will MANTRA respond after the OM token plunge? Buyback and destruction plan revealed
Apr 19,2025 at 11:42pm
The recent plunge in the OM token price has left many investors and enthusiasts of the MANTRA ecosystem concerned about the future stability and value of their holdings. In response to these market fluctuations, MANTRA has announced a comprehensive buyback and destruction plan aimed at restoring confidence and supporting the long-term health of the OM t...
Did the MANTRA team sell off OM tokens? Official statement clarifies the lock-up situation
Apr 19,2025 at 10:56pm
The recent buzz around the MANTRA project and its native token, OM, has led to speculation and concerns within the cryptocurrency community about whether the MANTRA team has sold off their OM tokens. To address these concerns and clarify the situation, the MANTRA team has released an official statement detailing the lock-up situation of their tokens. Th...
All MANTRA team tokens are locked, why did OM still experience a sharp drop?
Apr 20,2025 at 11:14am
Introduction to MANTRA and OM TokenThe MANTRA project is a blockchain platform that aims to provide a scalable and secure environment for decentralized applications (dApps). The native token of the MANTRA ecosystem is OM, which plays a crucial role in governance, staking, and other functionalities within the platform. Recently, the MANTRA team announced...
MANTRA announces OM support plan. Can repurchase and destruction stabilize the currency price?
Apr 21,2025 at 01:57pm
MANTRA, a notable player in the cryptocurrency ecosystem, has recently announced an OM support plan that includes mechanisms for repurchasing and destroying tokens. This move has sparked significant interest and discussion within the crypto community, particularly around its potential impact on the stability of the OM token's price. In this article, we ...
A large amount of OM was liquidated due to collateralization, causing a sharp drop? MANTRA analyzes the reasons for the market turmoil
Apr 21,2025 at 01:57am
The cryptocurrency market is known for its volatility, and sharp price movements can often be attributed to a variety of factors. Recently, a large amount of OM (Mantra DAO's native token) was liquidated due to collateralization issues, leading to significant market turmoil. In this article, MANTRA analyzes the reasons behind this event and the subseque...
MANTRA CEO promises to destroy team tokens, can OM market restore confidence?
Apr 21,2025 at 08:28am
The recent announcement from the CEO of MANTRA about destroying team tokens has sparked a wave of discussions within the cryptocurrency community. This move is seen as a strategic effort to restore confidence in the OM market, which has been facing various challenges. The decision to burn team tokens is not just a simple action; it involves a series of ...
How will MANTRA respond after the OM token plunge? Buyback and destruction plan revealed
Apr 19,2025 at 11:42pm
The recent plunge in the OM token price has left many investors and enthusiasts of the MANTRA ecosystem concerned about the future stability and value of their holdings. In response to these market fluctuations, MANTRA has announced a comprehensive buyback and destruction plan aimed at restoring confidence and supporting the long-term health of the OM t...
Did the MANTRA team sell off OM tokens? Official statement clarifies the lock-up situation
Apr 19,2025 at 10:56pm
The recent buzz around the MANTRA project and its native token, OM, has led to speculation and concerns within the cryptocurrency community about whether the MANTRA team has sold off their OM tokens. To address these concerns and clarify the situation, the MANTRA team has released an official statement detailing the lock-up situation of their tokens. Th...
See all articles
