Name: NKN
Brand: Binance
Price: 0.01 KZT
Availability: InStock

Price of NKN Today

The live price of NKN is $0.006068 per (NKN / USD) with a current market cap of $4.84M USD. 24-hour trading volume is $428,084.65 USD. NKN to USD price is updated in real-time. NKN is -0.65% in the last 24 hours with a circulating supply of 797.40M.

NKN Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.00004	-0.65%
30 Days	$-0.006608	-52.13%
60 Days	$-0.005403	-47.10%
90 Days	$-0.00786	-56.43%

NKN Chart Performance

24h Low & High

Low: $0.005921

High: $0.006421

The highest and lowest price paid for this asset in 24 hours.

All Time High

$1.483324

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.77%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-0.65%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-17.92%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.005921

High: $0.006421

All Time High

$1.483324

Price Change (1h)

+0.77%

Price Change (24h)

-0.65%

Price Change (7d)

-17.92%

About NKN (NKN)

NKN is positioned as a new peer-to-peer network connectivity protocol and ecosystem. NKN establishes a public blockchain-based network employing incentivization empowered by blockchain technology and its integration with cryptocurrency. NKN seeks to establish a new kind of internet, powered and used by individuals, and therefore completely decentralized.

Individuals who establish nodes within the NKN peer-to-peer global ecosystem are incentivized to do so mainly by leveraging cryptocurrency rewards. As one of the main utilities, NKN network tokens are distributed to participants who share their unused bandwidth and network connections with other participants within the ecosystem. NKN reports having over 45,200 active nodes in operation worldwide at the time of writing.

NKN was founded in 2018 by three experienced professionals in the areas of software and blockchain technology. Yanbo Li, Zheng "Bruce" Li, and Yilun Zhang co-founded NKN, which developed on the Ethereum network and launched in July 2019. The NKN network cryptocurrency is known by its token ticker $NKN. The current price of NKN is updated and available in real-time on Binance.

People Also Ask: Other Questions About NKN

What Does NKN Stand For?

NKN stands for New Kind of Network, which is synonymous with the project's aim to create a decentralized environment where network participants are empowered to share network bandwidth and internet connectivity. A New Kind of Network is promoted as one that can be a choice alternative to the internet we've come to know.

What is NKN Used For?

NKN is used to pay for services within the decentralized network. The main service paid for by using NKN is connectivity. A fee is paid when users access the NKN network to utilize internet connectivity or bandwidth.

Additionally, NKN is an incentive for the users who dedicate and share extra bandwidth and network connectivity with others on the platform. NKN is also distributed to network participants who mine the network by engaging in "traffic relay" and "block maintenance" activities.

What Are the Advantages of NKN?

NKN facilitates the distribution of network bandwidth and internet access. It accomplishes this by implementing an array of unique protocols, encompassing blockchain, data access mechanisms, and decentralized wallets.

How Does Network Consensus And Validation Work On NKN?

NKN implements a Proof-of-Relay (PoR) consensus mechanism. In this consensus model, a small number of fixed data packets are selected as "proof" prior to that data being sent to other nodes for payments and rewards. Users who mine or earn NKN tokens can do so by running what is referred to as a programming node in the network model.

Who Is The Founder of NKN?

NKN was co-founded by Yanbo Li, Zheng "Bruce" Li and Yilun Zhang in January of 2018. The mainnet was readied and launched a year and a half later, in July 2019, when the NKN network went live for public use.

What Is the Maximum Token Supply of NKN?

There is an established maximum supply of 1,000,000,000 NKN tokens. At the time of writing, the total circulating supply of NKN is 754,831,362 tokens.

What Makes NKN Different From Others?

The New Kind of Network's fundamental goal is to create a decentralized network that would develop to be powerful and scalable enough to attract attention as an alternative to the internet, as per the network's website. The mission and the decided means of implementation are designed to be unique to the project.

Several projects are already said to exist on the NKN network. Of those, a couple stands out and is promoted regularly by the platform. nMobile is a decentralized messaging application and service which uses NKN to facilitate encrypted, private messaging. nConnect is another DApp (decentralized application) that creates a remote access network for computers. The developed network allows users to connect to remote desktops or file systems from multiple devices.

How To Buy NKN (NKN)?

NKN (NKN) can be purchased directly from Binance using a debit or credit card. NKN (NKN) can also be traded for other cryptocurrencies on Binance. The live price of NKN is updated in real-time on Binance. Additionally, NKN price and purchase information is available for users to read in our How to Buy NKN (NKN) Guide.

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