-
Bitcoin $79,031.7280
2.38% - Ethereum
$1,571.1582
5.24% - Tether USDt
$0.9998
0.04% - XRP
$1.8889
5.41% - BNB
$557.9353
2.56% - USDC
$1.0000
0.01% - Solana
$109.0020
7.84% - Dogecoin
$0.1510
8.03% - TRON
$0.2355
4.19% - Cardano
$0.5866
5.65% - UNUS SED LEO
$8.9813
0.50% - Toncoin
$3.1352
4.55% - Chainlink
$11.5982
7.42% - Stellar
$0.2293
4.50% - Avalanche
$16.9742
8.35% - Sui
$2.0451
10.97% - Hedera
$0.1573
14.80% - Shiba Inu
$0.0...01120
2.21% - MANTRA
$6.2934
2.88% - Polkadot
$3.5991
4.23% - Bitcoin Cash
$280.1689
7.38% - Litecoin
$72.0897
7.82% - Dai
$1.0003
0.03% - Ethena USDe
$0.9990
0.06% - Bitget Token
$4.0695
4.76% - Hyperliquid
$11.9669
17.51% - Pi
$0.5730
1.71% - Monero
$204.0459
4.53% - Uniswap
$5.1641
4.36% - OKB
$52.0556
6.35%
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.
- Memecoin Market Jumps 16% In 96 Hours!
- 2025-04-08 19:30:12
- Polkastarter will host an AMA on X with Martijn Pullen, head of digital investments
- 2025-04-08 19:30:12
- Cardano (ADA) Price Approaches Key Breakout Level That Could Trigger a Breakout Toward Higher Levels
- 2025-04-08 19:25:13
- Rexas Finance (RXS) Could Outpace Cardano (ADA) by a Whopping 10x Margin in 2025
- 2025-04-08 19:25:13
- There’s a Buzz in the Crypto Market About a Low-Priced Altcoin That Could See Massive Growth by Summer
- 2025-04-08 19:20:12
- Lightchain AI Stands Out as a Major Candidate to Replace Solana
- 2025-04-08 19:20:12
Related knowledge
What are the most popular virtual coins recently? Where to buy it?
Apr 07,2025 at 01:28pm
Buying virtual currencies is usually possible through some of the following large cryptocurrency exchanges: Binance: As one of the world's top cryptocurrency trading platforms, Binance has attracted more than 100 million active users, with daily trading volumes of US$80-90 billion, providing excellent trading depth and liquidity. The platform suppor...
How to trade EOS on OKEx? Beginner's guide
Apr 04,2025 at 09:36am
Trading EOS on OKEx can be an exciting venture for beginners eager to dive into the world of cryptocurrency. To get started, you'll need to understand the basics of trading, familiarize yourself with OKEx's platform, and learn how to manage your investments effectively. This beginner's guide will walk you through the steps to trade EOS on OKEx, from set...
How to buy and sell Stellar on Kraken Pro? Full operation guide
Apr 05,2025 at 09:00pm
Buying and selling Stellar (XLM) on Kraken Pro is a straightforward process, but it requires a clear understanding of the platform and its features. Kraken Pro, formerly known as Kraken Futures, is a professional trading platform designed for experienced traders who are looking for advanced trading tools and features. In this guide, we will walk you thr...
How to buy and sell Monero on Binance.US? Step-by-step tutorial
Apr 04,2025 at 03:49am
Binance.US is a popular cryptocurrency exchange that allows users to trade various digital assets, including Monero (XMR). Monero is a privacy-focused cryptocurrency that uses advanced cryptography to ensure transaction anonymity. If you're interested in buying or selling Monero on Binance.US, this step-by-step tutorial will guide you through the proces...
How to buy and sell Bitcoin on Coinbase Pro? Detailed step-by-step analysis
Apr 05,2025 at 10:56am
Coinbase Pro, previously known as GDAX, is a professional trading platform that offers advanced trading features for buying and selling cryptocurrencies like Bitcoin. To effectively use Coinbase Pro, it's essential to understand the platform's interface, trading options, and the detailed steps required for transactions. This article will provide a compr...
How to trade Cardano on Crypto.com? Full tutorial
Apr 03,2025 at 04:49am
Trading Cardano (ADA) on Crypto.com is a straightforward process that can be accomplished by following a few key steps. Cardano, one of the leading cryptocurrencies, is popular among investors for its potential and technological advancements. Crypto.com, a well-known platform in the crypto world, offers a user-friendly interface to buy, sell, and trade ...
What are the most popular virtual coins recently? Where to buy it?
Apr 07,2025 at 01:28pm
Buying virtual currencies is usually possible through some of the following large cryptocurrency exchanges: Binance: As one of the world's top cryptocurrency trading platforms, Binance has attracted more than 100 million active users, with daily trading volumes of US$80-90 billion, providing excellent trading depth and liquidity. The platform suppor...
How to trade EOS on OKEx? Beginner's guide
Apr 04,2025 at 09:36am
Trading EOS on OKEx can be an exciting venture for beginners eager to dive into the world of cryptocurrency. To get started, you'll need to understand the basics of trading, familiarize yourself with OKEx's platform, and learn how to manage your investments effectively. This beginner's guide will walk you through the steps to trade EOS on OKEx, from set...
How to buy and sell Stellar on Kraken Pro? Full operation guide
Apr 05,2025 at 09:00pm
Buying and selling Stellar (XLM) on Kraken Pro is a straightforward process, but it requires a clear understanding of the platform and its features. Kraken Pro, formerly known as Kraken Futures, is a professional trading platform designed for experienced traders who are looking for advanced trading tools and features. In this guide, we will walk you thr...
How to buy and sell Monero on Binance.US? Step-by-step tutorial
Apr 04,2025 at 03:49am
Binance.US is a popular cryptocurrency exchange that allows users to trade various digital assets, including Monero (XMR). Monero is a privacy-focused cryptocurrency that uses advanced cryptography to ensure transaction anonymity. If you're interested in buying or selling Monero on Binance.US, this step-by-step tutorial will guide you through the proces...
How to buy and sell Bitcoin on Coinbase Pro? Detailed step-by-step analysis
Apr 05,2025 at 10:56am
Coinbase Pro, previously known as GDAX, is a professional trading platform that offers advanced trading features for buying and selling cryptocurrencies like Bitcoin. To effectively use Coinbase Pro, it's essential to understand the platform's interface, trading options, and the detailed steps required for transactions. This article will provide a compr...
How to trade Cardano on Crypto.com? Full tutorial
Apr 03,2025 at 04:49am
Trading Cardano (ADA) on Crypto.com is a straightforward process that can be accomplished by following a few key steps. Cardano, one of the leading cryptocurrencies, is popular among investors for its potential and technological advancements. Crypto.com, a well-known platform in the crypto world, offers a user-friendly interface to buy, sell, and trade ...
See all articles
