What Is NKN Coin? A Complete Explanation, Token Distribution, and NKN Tokenomics

Bittime - NKN coin is increasingly being discussed in the worldcrypto-Because it brings the concept of a decentralized network for internet connectivity, many investors are starting to explore what NKN coin is, how it works, and its economic structure.

This article presentsNKN coinA complete explanation, including the network model, token utility, NKN coin token distribution, and NKN coin tokenomics, allows you to fully understand the project before making an investment decision.

Key Takeaways

• NKN is a decentralized network project focused on data connectivity infrastructure.

• NKN tokens are used for node incentives, service payments, and the network ecosystem.

• NKN coin tokenomics has a fixed maximum supply with the majority already in circulation.

Register at Bittimenow and start trading crypto with a fast, safe, and easy process in the app.

What is NKN Coin and NKN Network?

If we discuss what NKN coin is, NKN (New Kind of Network) isblockchain projectswhich builds a decentralized data communications network. Its goal is to create a more open, secure, and efficient internet system by utilizing community-run nodes.

Different from blockchain which focuses on financial transactions, NKN is more targeted at:

• Data network infrastructure

• Peer-to-peer messaging and data delivery

• Decentralized connectivity services

• Real-time communication based onblockchain

NKN tokens fuel the network's economy, used to pay for services and incentivize node operators.

READ ALSO:Nodepay: NodeCoin (NC) and its Tokenomics

Functions and Utilities of NKN Token

In a complete explanation of the NKN coin, it's important to understand that the token isn't just a speculative asset. NKN coin has several key functions:

• Used as payment for network services

• Incentives for nodes that provide bandwidth and routing

• Network participant rewards

• Supports decentralized communication applications

• Used in data relay systems

This model makes token demand directly related to network activity, not just trading on the exchange.

Latest NKN Price Data and Statistics

Source: CoinMarketCap

Here is a summary of NKN market data based on the latest information you provided:

• Price: $0.01456

• 24 hour changes:+160.66%

• Market cap: $11.6 million

• Unlocked market cap: $11.68 million

• Volume 24 jam: $28.04 million

• Vol/Mkt Cap Ratio:241.5%

• FDV (Fully Diluted Valuation): $14.56 million

• Rank:#871

The spike in daily volume and price indicates increased trading interest and activity during the period, although volatility remains a concern.

NKN Coin Token Distribution

A crucial part of NKN coin token distribution is how the supply is divided and released to the market. NKN's supply structure:

• Total supply: 797.04 million NKN

• Circulating supply: 797.04 juta NKN

• Max supply: 1 miliar NKN

This means that a significant portion of the tokens are already circulating in the market. This typically reduces the risk of significant future unlock pressure compared to projects that still have a large number of tokens locked up.

The initial distribution of NKN tokens is generally allocated to:

• Network incentives and mining nodes

• Ecosystem development

• Early team and contributors

• Project funding

• Community and network growth

Tokenomics NKN Coin

In analyzing the tokenomics of NKN coin, there are several key points to note:

Fixed supply model

• Maximum supply is limited to 1 billion tokens

• There is no unlimited inflation

Participation-based incentives

• Nodes that contribute to the network get rewards

• The more active the network, the greater the token turnover.

Real utility

• Tokens are used for network services, not just governance.

• Supporting the communication application ecosystem

The majority of tokens are already in circulation

• Circulating supply almost equals total supply

• The risk of additional dilution is relatively smaller compared to tokens with large incremental unlocks.

Tokenomics like this usually appeals to users looking for infrastructure projects, not just hype tokens.

READ ALSO:What is Fight ID (FIGHT) and How to Buy Fight Coin on Bittime

Conclusion

Understanding what NKN coin is helps us see that the project focuses on a decentralized communications network, not just a payment system. A comprehensive explanation of NKN coin reveals the token's utility, supported by its node incentive model and network usage.

In terms of NKN coin token distribution and tokenomics, the nearly complete circulating supply provides greater transparency for investors. Always conduct further research before making an investment decision.

How to Buy Crypto on Bittime?

Want to trade sell buy BitcoinLooking for easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDRand other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visitBittime Blogto get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is NKN coin?

The utility token of the New Kind of Network for decentralized connectivity services.

What is the NKN token used for?

For network service payments and node incentives.

What is the maximum supply of NKN coins?

The maximum supply is 1 billion NKN.

Are all NKN tokens in circulation?

Almost all, because circulating supply is close to total supply.

What is the main focus of the NKN project?

Building a decentralized data communication infrastructure.