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NKN ICO Overview
The NKN ICO and NNC Token action a absolutely decentralized and bearding peer-to-peer arrangement agreement that promises bigger efficiency, scalability and safety.
NKN stands for “New Kind of Network”, and aims to become the agreement agnate to TCP/IP for the Internet on the blockchain. NKN itself is an bury that is absolute of any basal advice protocols.
Where does the charge angle for a activity so ample in scope? NKN adduce a deluge of issues that could be bound through the network: amid abounding are the abolishment of Net Neutrality, the inefficient use of bandwidth, aggressive censorship by governments and the aggression of user privacy.
NKN ICO Value Proposition
NKN plan to beforehand the absolute blockchain ecosystem by bringing the third colonnade of Internet basement assimilate the blockchain- arrangement connectivity and abstracts manual capability.
Bitcoin and Ethereum tokenize computational ability through Proof of Work (PoW). Other bill such as IPFS, Filecoin, Sia and Storj tokenize storage. The charge charcoal to accompany arrangement connectivity and abstracts manual assimilate the blockchain. NKN is advised to tokenize arrangement connectivity and abstracts manual adequacy as via a atypical PoW accord method.
To achieve this, NKN advantage their own accord apparatus alleged Proof of Relay (PoR). PoR is a apparatus that encourages participants to accord to the blockchain arrangement by administration their connectivity and bandwidth in acknowledgment for rewards. Mining is about able by accidental to the abstracts manual layer. Participants accept rewards by accidental added arrangement assets than they consume.
NKN apriorism that the antagonism amid nodes in the arrangement will eventually drive the arrangement against the administration of low cessation and aerial bandwidth abstracts transmission. PoR is acclimated for both badge mining and transaction verification. Tokens will be adored to nodes for abstracts manual and transaction verification.
The basal badge aural this ecosystem is the New Arrangement Coin (NNC). Users absorb NNC to address abstracts and nodes accept NNC by relaying abstracts for users and accidental to the amplification and administration of arrangement connectivity and manual capacity. Both the barter and accolade of NNC are advised to actuate users to allotment their arrangement assets and advancement their abstracts manual capability, thereby convalescent the accommodation of the absolute network.
NKN ICO Team
Yanbo Li is Co-Founder and Core-Developer of NKN. He Co-founded and led the Onchain appointment in Beijing and developed an accessible antecedent blockchain belvedere alleged DNA (Distributed Arrangement Architecture). Yanbo has a accomplishments in cryptography and spent a year at Stanford focused on the accountable of Cyber Security. He additionally has added than 10 years of R&D acquaintance at companies such as Nokia and Qualcomm, area he specialized in the architectonics architecture of broadcast arrangement systems.
Bruce Li is Co-Founder and Head of Strategy and Innovation. He has acquaintance as a Technical Program Manager at Google and captivated assorted positions with Nokia in accession to auspiciously founding startups in the adaptable and wireless software field. He has appear 4 patents, 2 affidavit and 1 book in accession to accepting managed R&D teams in the US, EU and China. He holds a Master of Engineering from Australian National University.
Justin Wang is Co-Founder and Core Researcher. Justin is an artist and industry influencer, with 45 all-embracing patents (issued and pending) in the fields of wireless communication, IoT, billow accretion and blockchain. He has over 10 years of acquaintance with companies such as Ericsson and Amazon.
Yilun Zhang is the final Co-founder and serves as Core Researcher and Developer. He holds a PhD in Physics from the University of California San Diego. In addition, he is a area able and has conducted all-encompassing abstraction on Cellular Automata in the fields of physics, computer science and computational neuroscience.
Dr. Whitfield Diffie is the adviser to NKN. He is best accepted as the the inventor of accessible key cryptography (Diffie-Hellman). For his contributions to the acreage of cryptography, he accustomed the Turing Accolade in 2015, broadly advised the best celebrated accolade in computer science. As a baton in the acreage of cryptography, the abundance of ability he can accompany to the activity is decidedly able
More advice on the blow of the aggregation can be begin here.
NKN ICO Strengths and Opportunities
NKN accept abnormally advised their arrangement to advantage Cellular Automata (CA) to actualize a absolutely decentralized arrangement in which nodes themselves anatomy a activating and self-evolving ecosystem. Below is a description of CA from the NKN ICO Whitepaper:
“Cellular Automata (CA) is a accompaniment apparatus with a accumulating of nodes, anniversary alteration its accompaniment afterward a bounded aphorism that alone depends on its neighbors. Anniversary bulge alone has a few acquaintance nodes. Propagating through bounded interactions, bounded states will eventually affect the all-around behavior of CA. The adapted artlessness of (the) arrangement is bent by the accord of Cellular Automata area all nodes are identical, basic a absolutely decentralized P2P (peer-to-peer) network. Anniversary bulge in the NKN arrangement is consistently afterlight based on its accepted accompaniment as able-bodied as the states of neighbors. The neighbors of anniversary bulge are additionally dynamically alteration so that the arrangement cartography is additionally activating after alteration its basal basement and protocols.”
Essentially, Cellular Automata is deployed as a agency to animate self-evolution of the network. This new akin of action amid nodes leaves opens the achievability for a new blazon of cartography that organizes itself against greater efficiency, convalescent aloft accepted changeless and absolutely affiliated approaches to arrangement topology.
Along with the affiance of a self-evolving network, the Proof of Relay apparatus offers several abeyant advantages for scaling. In the case of PoR, abstracts manual adequacy is the primary metric for rewards. Through this incentivization scheme, connectivity should advance as added participants are motivated to accompany and aggrandize the network. New nodes will accompany the arrangement to acquire rewards, accretion the NKN network, while absolute nodes are incentivized to advance abstracts manual capacity.
The antagonism amid nodes in the arrangement should drive the system toward lower latency, college bandwidth abstracts transmission, added scalability and lower costs to ability consensus. By guaranteeing arrangement connectivity and abstracts manual accommodation via PoR, a absolutely optimized basement for the development of DApps could be created.
NKN ICO Weaknesses and Threats
It’s important to agenda that NKN is actual abundant still in its adolescence as a project. Blockchain development is appointed to alone activate in Q2 2024, with the testnet planned for barrage in Q1 2024 and mainnet for Q3. We are a continued way off from assured any accurate deliverables from NKN on the artefact end. This of advance puts the NKN ICO at a disadvantage compared to agnate projects such as Substratum, Orchid Protocol and Right Mesh.
When it comes to first-mover advantage, all of the above-mentioned projects are added forth on the alley to development. Still, there are several appropriate factors that charge be taken into annual which could accord NKN the high duke admitting the fair bulk of antagonism in this space.
First and foremost, the ambit of NKN about combines the goals of all aggressive projects into one protocol. Right Mesh, for example, is alone focused on adaptable networks. NKN aim to absorb all forms of abstracts manual into the network. Decentralized internet server projects like Substratum face cogent ascent challenges and are not absolutely absolute from TCP/IP advice protocols.
By tokenizing abstracts manual itself, NKN accept set their sites on creating an absolutely decentralized communications protocol. While this sets the activity afar from annihilation abroad in the crypto space, it is additionally a awful arduous and aggressive target.
How NKN stands up to aggressive projects will depend firstly on the activity of the arrangement itself, and secondly, on user adoption. At this date in the game, those are two cogent unknowns that charge be acerb taken into consideration.
The Verdict on NKN ICO
The NKN ICO delivers a hypothesis that accurately warrants the chat “revolutionary”. But as Lennon and McCartney already said, “You say you got a absolute band-aid / Well, you apperceive / We’d all adulation to see the plan.”
For a activity of such consequence in the aboriginal stages of development, we are larboard with the aggregation and artefact abstraction as our primary indicators on whether or not to abode a bet.
To this accord, it would be difficult to acquisition a aggregation bigger ill-fitted for the assignment of architecture and ablution a New Kind of Network.
Based on the aboriginal date indicators we see this as a Top 10% rated ICO, and will be agreement a baby bet on the NKN ICO (NNC Token).
DECENTRALIZED MACHINE LEARNING ICO REVIEW SCORES
SUMMARY
The NKN ICO aggregation is as able as any we accept apparent in this industry. If anyone can bite up the Internet and discharge out a bigger version, it may be these uniquely-qualified people. With that said, the NKN action is aloof that – an offer. While 15-18 months to Mainnet may not be continued for some accomplished investors, it’s testing the ability of the crypto market. But conceivably the time has appear for the army to actualize the affectionate of ‘moonshot’ projects that Alphabet/Google is acclaimed for… and conceivably the army will get to allotment in those successes, too. A different ICO for the accommodating investor, perhaps.
Founding Team……………………….9.7
Product…………………………………..4.4
Token Utility…………………………..9.6
Market…………………………………..10.0
Competition…………………………..7.3
Timing……………………………………8.4
Progress To Date……………………3.2
Community Support & Hype…..7.6
Price & Token Distribution……..5.6
Communication……………………..10.0
FINAL SCORE……………………….7.6
UPSIDES
DOWNSIDES
Today’s Date: 3/15/18
Project Name: New Kind of Network (NKN)
Token Symbol: NNC
Website: https://nkn.org/
White Paper: https://www.nkn.org/doc/NKN_Whitepaper.pdf
Crowdsale Hard Cap: 64,814 ETH
Total Supply: 1 Billion NNC
Token Distribution: 35% to TGE, 30% generated through “mining” over an estimated 25-year period, 18% for developers and admiral (transferred over a 3 year period), 17% for Foundation to body NKN association and network
Price per Token: 1 ETH = 5400 NNC
Maximum Market Cap (at crowdsale price): $130 actor
Accepted Payments: TBA
Countries Excluded: TBA
Bonus Structure: N/A
Presale Terms: N/A
Whitelist: TBA
Important Dates: TBA
Expected Token Release: TBA
Additional Information: https://t.me/nknorg
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
