NKN
Crypto Overview
Project Overview
NKN (New Kind of Network) is a peer-to-peer network connectivity protocol and ecosystem that aims to revolutionize Internet connectivity by utilizing blockchain technology to build a decentralized Internet. The project was founded in 2018 and operates on its own blockchain.
Intended Utility
NKN's primary purpose is to serve as a decentralized network connectivity protocol. The NKN token is used to incentivize network participants who share their bandwidth and computing resources to relay data. This creates a more efficient and resilient Internet infrastructure.
Actual Utility and Implementation
The network currently has over 25,000 full consensus nodes operating globally, making it one of the largest blockchain networks by node count. The platform has demonstrated real-world utility through its nConnect VPN service, nMobile secure messaging app, and partnerships with companies like NETGEAR.
Token Distribution and Economics
The initial token distribution allocated 35% to mining rewards, 25% to the founding team and developers (with vesting periods), 20% to early supporters, and 20% to the NKN ecosystem development. The vesting schedule for team tokens extends over several years, indicating a long-term commitment.
Development Activity
The project maintains active development on GitHub, with regular updates to its core protocol and applications. The team consistently delivers technical milestones according to their roadmap, focusing more on development than marketing.
Crypto Impact
To assign a comfort level investing in NKN from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NKN.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.