NKN Network (NKN) Decentralized Internet - ICO Review, Rating and Details of NKN Network ICO (Token Sale) - Rating: All In

NKN is the new kind of P2P network connectivity protocol & ecosystem powered by a novel public blockchain. We use economic incentives to motivate Internet users to share network connection and utilize unused bandwidth. NKN’s open, efficient, and robust networking infrastructure enables application developers to build the decentralized Internet so everyone can enjoy secure, low cost, and universally accessible connectivity.

Returns Since ICO

  • ICO Price in USD: $0.13. ROIx in USD: 0.24x USD
  • ICO Price in BTC: 0.000015245 BTC. ROIx in BTC: 0.26x BTC
  • ICO Price in ETH: 0.00024096 ETH. ROIx in ETH: 1.16x ETH

Problems & Solutions

  • Client-Server model is expensive, complex, and prone to failure & attack
    • Today most of the communication need to go through a centralized server, where it can be blocked or sabotaged, hacked into, or eavesdropped on.
  • Inefficient Network utilization results in waste of resource
    • Current Internet were designed for peak traffic but most of the time these networks are underutilized, leaving unused bandwidth wasted every second.
  • Centralization of blockchain systems diminish trust
    • Recently there are major blockchain projects using a handful of centralized servers to carry out consensus in the name of increasing transaction speed. This sacrifices trust and security, and diminished the technical and economic strength of a true permissionless blockchain system.

Features & Highlights

  • Millions of nodes
    • Novel MOCA consensus algorithm that is horizontal scalable and supports arbitrary number of consensus nodes. Our testnet had 5,878 consensus nodes which is only behind Bitcoin and Ethereum.
  • Aggregated high speed
    • Nodes and clients can utilize aggregated speed of several routes. Adding more NKN nodes in the network can horizontally scale up throughput for the entire network.
  • Zero server
    • Fully peer to peer and decentralized, no need to develop and run centralized servers. Significantly reduce complexity and costs, as well as remove single point of failure and remove the central honeypot for hacking.
  • Unique and global ID
    • Unique NKN address enables service from anywhere in the world at any time; help people discover and search for applications and services.
  • Extra security and privacy
    • End-to-end and hop-by-hop encryption without Public Key Infrastructure or 3rd party certificates.
  • Low latency
    • Support all applications including real-time 3D gaming, AR/VR, and IoT. Support edge computing and optimized routing. NKN’s data transmission is off-chain and not limited by consensus speed.
  • Decentralized Data Transmission Network (DDTN)
    • NKN maintains dynamic topology and routing based on Chord Distributed Hash Table for millions of nodes and clients, who can join and leave at any time. Unique NKN addresses are used to identify nodes and clients, providing an overlay on top of TCP/IP. Data can be transmitted from any client to any other client efficiently without centralized servers.
  • MOCA: a highly scalable consensus algorithm
    • NKN designed a highly scalable consensus algorithm called Major Vote Cellular Automata (MOCA) based on Cellular Automata and Ising model, and has implemented it in our next generation blockchain and peer-to-peer network across millions of nodes.
  • Proof of Relay (PoR)
    • NKN designed signature chain as a proof of relay for nodes along the route. This allows a level of secure data transmission that is not only verifiable but also impossible to tamper with or forge, and resistant to attacks.

Token Allocation

"Public Sale","Private Sale","Team & Developers","Foundation","Mining Rewards" {"name": "Public Sale","value": 10},{"name": "Private Sale","value": 25},{"name": "Team & Developers","value": 18},{"name": "Foundation","value": 17},{"name": "Mining Rewards","value": 30}

Token Release Schedule

"May 2018", "Jun 2018", "Jul 2018", "Aug 2018", "Sep 2018", "Oct 2018", "Nov 2018", "Dec 2018", "Jan 2019", "Feb 2019", "Mar 2019", "Apr 2019", "May 2019", "Jun 2019", "Jul 2019", "Aug 2019", "Sep 2019", "Oct 2019", "Nov 2019", "Dec 2019", "Jan 2020", "Feb 2020", "Mar 2020", "Apr 2020", "May 2020", "Jun 2020", "Jul 2020", "Aug 2020", "Sep 2020", "Oct 2020", "Nov 2020", "Dec 2020", "Jan 2021", "Feb 2021", "Mar 2021", "Apr 2021", "May 2021" {"name": "Public Sale", "icon": "roundRect"},{"name": "Private Sale", "icon": "roundRect"},{"name": "Team & Developers", "icon": "roundRect"},{"name": "Foundation", "icon": "roundRect"} {"data": [10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00],"name": "Public Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [10.00, 10.00, 15.00, 15.00, 20.00, 20.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00, 25.00],"name": "Private Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 18.00],"name": "Team & Developers", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 5.67, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 11.33, 17.00],"name": "Foundation", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}}

Token Allocation & Release Note

  • Public Sale: 10% of total supply
    • No lockup
  • Private Sale: 25% of total supply
    • 25% to be released before listing. Then vesting in 6 months, 25% each 2 months
  • Team & Developers: 18% of total supply
  • Foundation: 17% of total supply
  • Mining Rewards: 30% of total supply
    • Mining in 25 years after mainnet launch at June 2019.

Token Utility & Use Cases

NKN’s economic model will provide token rewards for participants who help relay traffic for other users. In addition, expected mining reward will also be proportional to the amount of data that participants help relay. These economic incentives will encourage the community to build and share the network.

  • to Developer
    • Access to a universal p2p networking stack that provides direct connectivity between any clients without centralized servers
  • to Consumer
    • Better connectivity, more choices for access, and earn rewards for sharing a user’s own network connection with other users
  • to Business
    • ISPs can improve network coverage, offer secure and verifiable data transmission as well as trade unused bandwidth for new revenue streams.

Roadmap & Updates

  • June 16th, 2018
    • V0.1 "Firefox" release
      • First live testnet over global nodes with all core subsystems working together
  • August,2018
    • V0.3 "Lemur" release
      • Optimizing scalability and efficiency, SDK alpha release
  • October,2018
    • V0.5 “Koala” release
      • Enhancing attack resistance, larger scale testnet, SDK Beta release
  • January,2019
    • V0.7 “Meerkat” release
      • Full featured testnet with complete implementation and performance, SDK v1.0 release
  • March,2019
    • V0.9 “Beluga” release
      • Further develop and improve NKN core system based on status of the TestNet
  • June,2019
    • V1.0 “Narwhal” release
      • Launch MainNet & NKN ecosystem

Team Members

  • Yanbo Li, Founder, strategy & system architecture, former Co-founder of Onchain, open-source advocate, Linux Kernel network subsystem code contributor. Profound experience in blockchain system architecture and development. 10+ years of P2P/Mesh network protocol development experience at Qualcomm, Nokia networks. Github, Linkedin.

  • Zheng “Bruce” Li, Co-founder strategy & operations, founded multiple internal startup projects at Nokia & Google towards commercialization. Expert on telecom innovation, specializing in strategy and business development. Linkedin.

  • Yilun Zhang, Co-founder, core researcher & developer, Ph.D in physics at University of California San Diego. B.S. in physics at Peking University. Domain expert in Cellular Automata, Ising model and distributed information processing systems. Full stack engineer. Github, Linkedin.

  • Allen Dixon, Business development, business compliance, senior BD expert proficient at integrating tech and business to create new opportunities. 20+ years of Telecom experience. Led partnerships with Apple, Amazon, startups, and more. Linkedin.

  • Whitfield Diffie, Advisor
    • Inventor of public key cryptography (Diffie-Hellman)
    • 2015 Turing Award winner
    • Fellow of the Royal Society;
    • Member, National Academy of Engineering;
    • Honorary doctorate from the Swiss Federal Institute of Technology;
    • Fellow of the Marconi Foundation;
    • Doctor of Science (Honoris Causa) by Royal Holloway, University of London;
    • IEEE Donald G. Fink Prize Paper Award in 1981;
    • The Franklin Institute’s Louis E. Levy Medal in 1997;
    • Golden Jubilee Award for Technological Innovation from the IEEE Information Theory Society;
    • IEEE Richard W. Hamming Medal in 2010.
  • Stephen Wolfram
    • Founder and CEO of Wolfram Research
    • PhD in theoretical Physics, Caltech, 1979;
    • Recipient, MacArthur Genius Award, 1981;
    • Long-term member, Institute for Advanced Study, 1983-1986;
    • Founder, Center for Complex Systems Research;
    • Adjunct Professor of Mathematics, Computer Science, Physics,
    • University of Illinois Urbana- Champaign;
    • Founder, Journal of Complex Systems;
    • Fellow, American Association for the Advancement of Science;
    • Bestselling author of A New Kind of Science;
    • Recipient, Speaker of the Event Award from SXSW Interactive for
    • Making the Biggest Impact on the Digital Community, 2012;
    • Inaugural Fellow, American Mathematical Society;
    • Founding Trustee, Museum of Mathematics.

Partnership Overview

  • Cryptic Labs is comprised of expert security advisors, cryptographers, researchers, engineers, scientists and outstanding blockchain practitioners. They work with companies globally to solve security, privacy, and decentralized and distributed trust challenges. Cryptic Labs also functions as a commercial accelerator focusing on security, economics, privacy and trust to advance the viability of the Blockchain.

  • Telecom Infra Project is accelerating the pace of innovation in the telecom industry by bringing the industry together to design, build, and deploy telecom technologies. The collective aim of their community is to collaborate on building new technologies, examining new business approaches, and spurring investment in the telecom space. Between our Project Groups, Labs, and TIP Ecosystem Acceleration Centers (TEACs), they are driving change in each of these areas.

  • The Open Networking Foundation (ONF) is a non-profit organization with a mission to help drive transformation of network operator infrastructure and business models by leveraging network disaggregation, white box economics and creating open source platforms and solutions empowered by an open collaboration framework. ONF hosts the well known open source CORD and ONOS projects, along with much more.

  • Datapace is a decentralized, blockchain powered data marketplace for secure and automated monetization and exchange of IoT sensors and digital assets data with technical and policy-based data verification and the access to a large worldwide network infrastructure of sensors.

  • Google Cloud Platform (GCP), offered by Google, is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search and YouTube. Alongside a set of management tools, it provides a series of modular cloud services including computing, data storage, data analytics and machine learning.

  • Founded in 2012, and with offices in New York and Cambridge, MA, DigitalOcean provides the easiest cloud platform to deploy, manage, and scale applications of any size, removing infrastructure friction and providing predictability so developers and their teams can spend more time building better software. They offer simple services, transparent pricing, an elegant user interface.

  • Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud platform, offering over 165 fully featured services from data centers globally. Millions of customers —including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.

  • Portal Network solves the problem of user adoption, complexity, human error and lack of interoperability by deploying BNS standard across multiple blockchain protocols. BNS (Blockchain Name System) is the protocol on the internet that turns human-readable decentralized website names, Such as “yourwebsite.bch” or “mywebsite.eth” into addresses understandable by decentralized network machines.

  • O3 is a gateway that provides access to the NEO/Ontology blockchain. You will be able to manage your digital assets in a simple and secure way directly from your mobile device. Interacting with the blockchain has never been this simple.

  • Web3Infra is an organization, formed to bring decentralized technologies into adoption and assist in the realization of its full potential. The alliance brings the most prominent technology startups, corporate organizations, capital institutions and key opinion leaders together to join forces and work towards the goal in unison.

  • Founded as an open-source project in 2017, IoTeX is building the world's leading privacy-centric blockchain platform for the Internet of Things (IoT). Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT. IoTeX is governed by foundation registered in Singapore.

  • U Network is a revolutionary protocol for publishing and valuing online content that helps online content platforms better align with the interests of their users. It does this by rewarding content creators more for their work, by letting users earn money for predicting popular content, by making it easier to discover high quality content, and by allowing all users to be part of content moderation and governance decisions.

  • DxChain is a big data and machine learning network which is powered by a computing-centric blockchain with a native protocol token (also called “DX”). Its end users can potentially use this network as a data exchange platform to trade data and as a business intelligence analytics platform to analyse data for supporting business insights.

  • NOIA started as a Decentralized Distributed P2P Content Delivery Network (CDN) startup. It secured funding from institutional investors, assembled a team of world-class engineers, experts and advisors and delivered first of its kind Open Source technology - NOIA Cache. It attracted over 9000 community members and over 5000 nodes were installed. It currently has a capacity of over 25TB in NOIA Cache nodes at any one moment and delivers content to a number of websites.

  • Founded in December 2017, NEO Global Capital (NGC) strives to become one of the best investment platforms in the blockchain industry by professionally adopting best practices from traditional investments; selectively partnering with leading investment professionals and technical developers in the world; while strategically leveraging and amplifying the NEO ecosystem to create lasting competitive advantages. NGC is one of the largest institutional investor of blockchain technologies and has been a key contributor to a number of leading projects including Zilliqa, Ontology, NKN, Oasis, Mainframe, Certik, Bluzelle, and Iotex.

  • Node Capital is one of the world's earliest professional investment institutions focusing on blockchain industry. Node Capital aims to connect every node of blockchain industry by project investment and cooperation, build a robust industry ecosystem, and accelerate the development of blockchain industry. Node Capital has invested nearly 200 enterprises, and the number keeps growing rapidly. The portfolio of Node Capital encompassed projects from every corner of the blockchain ecosystem,such as exchange, media, digital asset transactions, crypto asset wallet, technology development and application, block chain data mining and analysis. The invested projects include Huobi, Chainup, Bgogo, BitTemple, B+, Baic, Gifto, Zipper, Jinse Finance, Coldlar, Scry ,IOST, Zilliqa, Beam, Nervos, etc.

  • Founded in 2015, Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies. Our mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible. They strongly believe Blockchain technology will play an important role bringing much more transparency, efficiency, and robustness into the global economy. With their experienced partners in both traditional finance and the blockchain technology and many startup companies, they hope to bring this vision into fruition.

  • Arrington XRP Capital - Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets. Its founder is Michael Arrington, the founder of TechCrunch who also invested in Uber, Airbnb and Pinterest. Portfolios include Celer, Bgogo, Perlin, Definity, Ripple, etc.

  • DFG (Dynamic Fintech Group) is based in the San Francisco Bay Area, focusing on blockchain investment and consulting. We have business contacts in, but not limited to, the USA, Mainland China and Singapore. Partners are elite graduates from Cornell and UC-Berkeley with solid technical, finance and PR backgrounds - including former Oracle database experts. The crew is diversified, having people from China, Scotland, the U.S.A and Singapore.

  • OKCoin is a world leading digital asset trading platform. OKCoin currently provides fiat trading with major digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. OKCoin has recently expanded to the United States and is looking to serve more users around the world in the future.

  • Founded in 2007, JD Capital (九鼎投资600053.SH) is the only publicly traded Private Equity Group on a major stock exchange in China. With $9 Billion AUM, JD Capital has invested in more than 400 companies, including 150 publicly traded portfolios. LPs of JD Capital including Temasek Holdings, AllStates, Allianz, BMW Group, Citic Securities, National nature sciene foundation of China, and other state-owned companies and funds. JD Group is one of the few financial group with banking, securities exchange and insurance license. JLAB Fund is the blockchain and cryptocurrency arm of JD Capital. With a team of 30 globally, JLAB has invested in over 50 blockchain companies such as exchanges, media, wallets, infrastructure and Dapps.

  • Genesis Group is a leading financial institution which consists of Genesis Capital, Genesis Lab and Genesis Investment Bank. We provide one-stop service for entrepreneurs in blockchain industry ranging from incubation, funding to investment banking, etc. With our expertise, we aim to bridge entrepreneurs globally to China's capital market.

  • CollinStar is an asset management company with full-set, specializing in blockchain infrastructure, digital currency investment and relevant consulting services.

Social Media Links

Twitter Updates

  • RT @WolframResearch: Check out "Adventures of a Computational Explorer" by @stephen_wolfram! Get your copy today: https://t.co/LNfylaokpB
  • NKN network rising! (image credit: Tom) $NKN https://t.co/NCFtpSlCoB
  • Today the NKN Foundation announces a Special Community Award 🏆 of 500,000 $NKN to the @nknX_org community project i… https://t.co/6EaFQ84gdc
  • Congratulations! https://t.co/C8vfiR7OOh
  • NKN Bi-weekly Report 9/25 - 10/14, 2019 - $NKN Listing on @Binance - NETNIC Sign Commercial Contract for #nCDN - M… https://t.co/dJBQeNMACf
  • We just published "NKN AMA Q&A Highlights (October 8-9, 2019)": 36 questions in 4 categories (General, Business, Te… https://t.co/qCx11qCn77
  • Go T-Rex, Go Dino! We made this mini gaming using $NKN client and #nCDN service and the @googlechrome t-rex runner… https://t.co/mWrLnpW6Xn
  • During @Binance AMA, "Why should we choose $NKN?" 1) We are the largest blockchain network with more full nodes (19… https://t.co/r2Au3pZAy7
  • While $NKN voting & listing were crazy, our core devs worked hard to push out a major release today! V1.1.1 big fea… https://t.co/hzdASPvAGa
  • @mellicrypto @zbruceli We need both: quality exchanges liked @binance for liquidity and buzz, products and business… https://t.co/lwJi32Sd2q