Question 1

What is it?

Accepted Answer

NKN, or New Kind of Network, is a unique cryptocurrency token and project that are centered around networking and connectivity. Launched in January 2018, NKN is the token that powers the NKN network.

**Token**

The NKN token operates as the primary medium of exchange within the NKN ecosystem. It serves as an incentive for participants to share their network bandwidth and computing resources. The token also helps to facilitate various functions within the network, including service payments, rewarding node operators, and incentivizing behaviors that enhance the network's overall health.

**Platform**

The NKN platform aims to redefine the Internet's network connectivity segment. It introduces the concept of decentralizing network resources, similar to how blockchain technology has decentralized computational power and storage. The NKN platform is built on the principle of a shared economy, encouraging individuals to share unused or underutilized network resources in return for NKN tokens.

Question 2

What is it used for?

Accepted Answer

NKN tokens are used primarily to incentivize and reward participants within the NKN ecosystem. Node operators can earn NKN tokens by sharing their bandwidth and network resources, while users spend NKN tokens to access various services within the ecosystem.

Aside from this, NKN tokens are also used to fuel the platform's unique consensus algorithm, MOCA (Majority vOte Cellular Automata). This algorithm uses NKN tokens to facilitate the decision-making process within the network, making the tokens an integral part of the platform's operation.

Question 3

Who created it?

Accepted Answer

The NKN project and its token were developed by a team of experienced technologists with strong backgrounds in network architecture and blockchain. The co-founders include Yanbo Li, former co-founder of Onchain and NEO, Bruce Li, a networking expert who previously worked with Nokia and Google, and Yilun Zhang, a physicist and coding theorist.

#	Instrument	Beurs	Referentiescore	Prijs	24u Verandering	24u Volume	24u Handel	24u Opening	24u Hoogste
1	NKN-USD NKN-USD	coinbase	AA	0.006152USD	1,12%	2.195.082,00NKN	199	0.006084USD	0.006234USD
2	NKN-USDT NKN_USDT	gateio	A	0.005986USDT	0,10%	412.785,00NKN	88	0.005980USDT	0.006672USDT
3	NKN-USDT nkn_usdt	digifinex	D	0.006147USDT	1,24%	219.851,00NKN	30	0.006072USDT	0.006181USDT
4	NKN-USDT NKNUSDT	coinex	C	0.005929USDT	-0,52%	47.439,30NKN	1.556	0.005960USDT	0.006259USDT
5	NKN-INR NKNINR	coindcx	-	0.5901INR	0,32%	22.089,56NKN	22	0.5881INR	0.6186INR
6	NKN-USDT nknusdt	huobipro	C	0.004501USDT	0,00%	0NKN	0	0.004501USDT	0.004501USDT
7	NKN-USDT NKNUSDT	latoken	D	0.007533USDT	0,00%	0NKN	0	0.007533USDT	0.007533USDT