NKN (New Kind of Network) is a new project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community. NKN intend to introduce Cellular Automata to innovate on several major layers in the entire stack. First of all, the project will address the network decentralization in a broad sense, starting from application connectivity, to networking protocol. Secondly, the project intend to improve the underlying blockchain technology to achieve efficient and fair consensus without sacrificing node equality and decentralization. Finally the project will leverage blockchain to maximize network resource utilization and incentivize community driven network creation, participation and expansion.
Attention. There is a risk that unverified members are not actually members of the team
$14 152 272
NKN intends to revolutionize the entire network technology and business. NKN wants to become the Uber or Airbnb of the trillion-dollar communication service business. It is going to remove a central entity and all unnecessary intermediaries. The telecommunication services market, which includes fixed-network services and mobile services, had a value of around 1.4 trillion U.S. dollars in 2017. The growth rate is almost zero, all major leaders were already determined and the only disruption is possible. The biggest markets for telecom services are the Asia/Pacific region, Europe, and North America. In fact, almost everyone in the world uses the internet. As a result, the potential market for the project is the whole world. The primary market for the project is China. It is almost 1,3 bln interconnected people. A revenue only of China Mobile 107bn USD. As a result, potential market for the project is huge.
Despite the fact, that product is not developed jet it has strong fundamental background. The founders has spent on this topic ages and finally came up to the product.
The incentive to share data transmission capabilities should be higher than costs for doing that.
The project has well-balanced and experienced top-tier team. NKN has extremely strong technical team with experience in Nokia, Qualcomm, Oracle, Microsoft and Ericsson.
Also looking to target NKN either in gas war or on exchange they should really implement an individual cap before one whale scoops it all. Thought this was 2018? Not FA.Was just updated by chat its not a gas war its on a website with 150 ETH cap. Cap should be much lower imo.
Andrey: They will sell 10% of tokens to early birds and public for 24000 ETH. 25% will be sold to strategic partners and funds, with lock. This situation reminds me Ontology, I think there in going to be pump.Alexey: Project is interesting, our Discord team wants to participate.Sergei: I am planning to participate in NKN, because our team has made an in-depth research on the project and it is definitely TOP.9-Apr. Alexey: We participated in NKN. Cap was not big. But soon there will be main sale. (whitelist is now open)16-Apr:What are the candidates for very high interest:Bruce: NKNAndrey: NKNSergey: DFINITYAlexey: NKN, DFINITY, HashGraph, NuCypherIvan:NKN, Nucypher and Pchain. Link30-May. Sergey: I don`t want to sell it. I think it can cost more in future.
Their true hard cap is quite high for an ico with super long roadmap. No testnet or main net till late 2019
NKN wants to build an Internet product on the blockchain that functions independently from centralized data transmissions, so let’s break this down: current internet technology uses something called TCP or IP networks to establish a connection and stream data between two hosts, NKN actually wants to use a novel proof-of-work consensus mechanism to tokenize network connectivity and incentivize users to share their bandwidth in return for rewards.I don’t have all the information for the token economics. (N/A)So the closest competitor I could find to something like NKN was theater token, streaming videos on the internet, whereas NKN is more focused on the whole internet protocol. Although, you’ve got Substratum, you’ve got Orchid protocol, you’ve got RightMesh?—?all these companies are operating the same market niche, they might not be doing the exact same thing as NKN, but they already have working products and prototypes.The main caveat is really their release date for their product, their blockchain development will not begin until q2 of 2018 and the test net won’t start until q 1 2019.Hype 30 out of 100. (not many people are talking about them but it is still very early days for the project)Team 80 out of 100 (they’re actually a Chinese led team I believe and they’ve got industry experience in telecommunication companies like Qualcomm, Nokia, Motorola, Ericsson?—?I really do think that they could pull this off).Token economics?—?N/A.
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