NKN is a P2P network connectivity protocol which uses token economic incentives to motivate users to share network connection unused bandwidth.
NKN has implemented a unique Majority Vote Cellular Automata consensus algorithm, a Proof of Relay mechanism where the expected rewards a node gets depend on its network connectivity and data transmission power. A node proves its relay workload by adding a digital signature when forwarding data, which is then accepted by the system through a consensus algorithm. The competition between nodes in the network will ideally drive the system towards the direction of a low latency, high bandwidth data transmission network.
|Price||$0.0264 (309 sats)|
|24H Mkt. Cap ($MM)||$9.25 MM|
|24H Volume ($MM)||$2.25 MM|
|30 Day Avg. Volume ($MM)||$0.84 MM|
|Circ. Supply||471,024,429 (47.10%)|
|Max Supply||1,000,000,000 NKN|
Average contribution prices vary due to changes in underlying prices to NEO during the Private Sale.
The following chart represents the number and breakdown of all NKN that are to be released into circulation on a monthly basis.
NKN's community growth strategies include the following: