Compatible with any Ethereum wallet that supports ERC-20 tokens. Concerning social media presence, there are four main platforms to examine: Twitter, Facebook, Telegram and Discord. NKN set an all-time high against BTC of ~7200 satoshis in June 2018, after which it spent a few months bleeding out alongside the rest of the market. For anyone reading this who has yet to read a Coin Report, it might be worth reading this section of the first report, where any potentially unfamiliar terms are explained. The premise behind the NKN project is indeed intriguing…. Those that have been reading this blog for a while (or that have read my book) will know that I like to see a figure of 1% or greater to indicate significant interest, though I prefer this to be the case with the Average Exchange Volume-to-Network Value rather than from the past 24 hours. Of the listed core members, the roles comprise of Architecture; Strategy and Operations; Core Researcher and Developer; and Business Compliance. For an ICO project, however, this is amateurish. There is daily discussion in the General channel, mostly concerned with support queries and technical aspects of the project. The token itself recently underwent a swap to become part of the Ethereum ecosystem; a swap that is still ongoing, until the end of this month. 2018 also saw the open-source development of NKN software, plus the launch of the public Testnet. These are key areas for project growth and hopefully, they establish a presence there soon to beef up their outreach. For 208 days – the vast majority of NKN’s price-history – it has been stuck between this all-time low and range resistance at 1300 satoshis. This gives NKN a 30-day NVT of 154.49; around 6x greater than that of BTC at present, as per data from CoinMetrics. Further, there is information on the swap from NEP5 to ERC-20 for the NKN token; the reasons for which are primarily to facilitate easier exchange listings and thus greater liquidity. *Volatility is calculated by taking the average price over the given time-period, calculating the difference between it and the highest price and it and the lowest price over that same time-period, and multiplying those figures together. This will comprise of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. A well-balanced portfolio typically includes a blend of products and assets that can hedge against risk while meeting short- and long-term investment objectives. Good habits of a smart investor. Regarding use-cases, the presentation states that NKN will facilitate “access to a universal p2p networking stack that provides direct connectivity between any clients without centralized servers” for developers. The distribution for this asset is not great, but there is a substantial trading volume on the available options. https://www.nkn.org/doc/NKN_Whitepaper.pdf. On … NKN has never experienced a bull cycle in its ~10 months of price-history. In these cases, it's usually best to check the project's website for recommendations. NKN has been pillar of decentralized application building and innovation, as it was developed in … Okay, so let’s say you’re buying a condo as your first home. Investing in non-fungible tokens is done at your own risk, and you should never invest more than you can comfortable afford to lose. Now, let us take a look at the metrics related to supply and demand: namely, Liquidity and Supply Available on Exchanges. Not too much to worry about, however, as this is clearly not where the action takes place…. Is Fundrise a good investment? Is a Condo a Good First Home? Tether by far is the biggest liquidity pool, but Ethereum is a close second. It's going to be an exciting ride. Further, NKN’s Liquidity covers this emission by almost 19x. Anyway, I hope this report will prove objective where it must be and fair on more subjective matters. Paul, who specializes in land sales. Getting Started. That said, it is highly informative with regards to the project itself, with plenty of detail on all manner of relevant information, plus there are a lot of resources (though these are poorly-linked). Discounting the above 5 addresses (and substituting them for private addresses #21-#25), the top 10 owns 16.71% and the top 20 owns 19.63%, painting a clearer picture of the distribution of the current circulating supply. Yes, according to our forecasts, the NKN price is going to increase. N.B: The following Coin Report on NKN is the third and final community-selected report of Q1 2019. It's such a cool idea that you wonder why it has not yet been approached, and it seems that this project has found a great way to apply the blockchain in a very meaningful way. An easy to follow guide on how to buy and store the cryptocurrency NKN (NKN) English. To conclude this section, let’s now take a look at Distribution: There are 10,439 holders of NKN. Then become exempt from taxes on almost all of your foreign income. … The navigation menu isn’t particularly helpful, and material you’d expect to find clearly linked inside the menu (whitepaper, roadmap, social links etc.) There are also plenty of NKN apps linked; but again, this feels amateurish Why invest in a GIC. What are cryptocurrencies? NKN 24h Change Rank: 36/100, How many users are following this coin? Not only will you be able to use this bring more freedom to your online activities, but you can also earn income by creating a relay node to help facilitate the same freedom to others. are not there. NKN (New Kind of Network – a name that tips its hat to Stephen Wolfram; the man behind A New Kind of Science) was launched in January 2018, but raised funding via an ICO in April 2018, after which its token was created. Briefly, shift your tax residency to Portugal. They are really only active on Twitter, and the team is neglecting both Reddit and Bitcointalk. This functional but bare-bones approach is often adopted by development-heavy projects, as we have seen in past reports. One of the most basic factors that makes an investment an investment is your ability to control the timing of your ownership. The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months. The social links are found at the bottom of the website, along with a Logo Download tab in the Resource section; another example of poor UI/UX. When gas infrastructure leaks, it also emits methane, which recent research shows is even worse for the climate than previous dire estimates showed. Given the size of its Twitter audience and Discord group, it is also somewhat surprising. NKN is building the largest blockchain for network sharing. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of NKN. The website is also not very well-branded. The exchanges where you can buy NKN are few and far between, unfortunately. Your Health. Annaly Capital Management is offering investors a massive 16% dividend yield today. See here for more on NVT. This decentralized exchange will allow users to trade network connectivity and data transmission, allowing them to use microtransactions to facilitate the distribution of network resources. If your portfolio contains riskier assets like stocks, GICs can serve to counterbalance that risk with a known return over a set period. Yes, NKN (NKN) is profitable investment based on our forecasting. no doubt NKN demand on the peak that will help to set new record. in all aspects of design. The best option is likely the official NEO wallet which also supports underlying assets. NKN Markets Rank: 5/100, How actively is this asset being traded on the market? AD: Before I begin this post, I’d like to briefly mention Bitcoin.Live, who are sponsoring my blog. Now the NKN price is $0.5265240, but by the end of 2021, the average NKN price is expected to be $0.7002521. Fascinating…. Further, there are thousands of messages that have been posted to the group over the past 7 days, concerning all manner of topics: from support queries (which are answered swiftly) to questions on the future of the project, plus other developments, such as exchange listings, and, as is always expected, price. Fundrise’s latest public offering documents showed the firm manages roughly $500 million in equity assets under management with 63,271 investors. This is an exciting platform, and investors will not want to sleep on this one. One similarity that NKN shares with Cashaa is that it is an ERC-20 token that raised funds via ICO; seems like the community are still keen on ICOs, even if I am not. Whether it's … Are NFTs A Good Investment? Price has spent this entire time battling the range midpoint at ~800 satoshis. This is confirmed by the co-founder. But it’s something to keep in mind…. NKN Market Cap Rank: 98/100, Is the price moving up or down? Block Reward Schedule: Remaining 300,000,000 NKN to be released over a 25-year period as a reward for block maintenance. Finally, from the General sub-section, let’s discuss volume, because this is where I believe NKN stands out: Over the past 24 hours, NKN traded ~$337k in Exchange Volume, equating to 2.77% of its Network Value. One of the most well known personal finance authors is Robert Kiyosaki. Kiyosaki’s teachings and seminars have generated controversy but I think his definitions of assets and liabilities in Rich Dad, Poor Dad are excellent and very simple to understand. This works out at $1,668 of average daily supply emission. Furthermore, it will last for a total of ten years. As will become apparent from the Technical section, there is very little to discuss regarding NKN’s price-history. NKN price is down -12.9% in the last 24 hours. Welcome to the sixteenth Coin Report. As for its sell-side equivalent, I calculated that there was ~6.2mn NKN available for purchase on listed exchanges, equating to 1.77% of its circulating supply. The whitepaper itself, however, delves deep into the technology behind NKN, referencing heavily and focusing on its use of cellular automata. An Altcoin Trader's Handbook - MOBI Version, An Altcoin Trader's Handbook - EPUB Version, https://bitcointalk.org/index.php?topic=3357439.120, 'The Next Bitcoin?' Much like the prior two community-choice Coin Reports from this quarter (Cashaa and Bettex), I knew nothing about NKN. There is ~49mn NKN in the two Gate.io addresses and 11.6mn in the Bittrex address. Cheers. Bitcoin.Live offers regular, detailed content on their free-to-access blog, created by a panel of analysts (including Peter Brandt), and covering all manner of market-related topics. Currently, the way we connect is very centralized. **Transactional Value in $ is calculated by taking the daily transactional value in NKN and multiplying it by price. Whether the price of NKN (NKN) will be downward in future? Pro and Con of an ETF: Liquidity. Looking at the NKN analysis we can see that the rating is actually not great so far. We’ll see whether this makes for an opportune entry or not a little later…. In much the same way that Ethereum has decentralized applications, your NKN investment will do the same for internet access. They also have created a solid roadmap which is available on their website, allowing investors to see the steps required before the main launch can be completed. However, the college wage premium has remained near its all-time high and the return to college now stands at around 14 percent—easily surpassing the threshold for a good investment. More impressive, however, are NKN’s advisors: Whitfield Diffie and Stephen Wolfram. Our Fundrise review found a couple of important insights about Fundrise’s performance through the years that may or may not sway you to invest. See p29 of Introductory document for more info. English Français Español Português Deutsche Italiano Pусский 繁体中文 日本語 हिन्दी عربى বাংলা. This cryptocurrency could revolutionize the way we access the internet, allowing the blockchain to truly be 100% free and decentralized from outside authorities. It set its all-time high back in June 2018 at around 7200 satoshis, after which price bled out, breaking through multiple levels of support until it made its all-time low at 325 satoshis in December 2018. That said, in RivalIQ’s report, we find that the average Twitter engagement rate across all industries is 0.046%, which means that NKN’s engagement rate is currently 7.39x greater. That concludes this section on Metric Analysis. Silver bugs are almost unanimously sympathetic to the Liberty Dollar, but this doesn’t make the coins a good investment. Annual Supply Emission: 17,500,000 NKN (~155 BTC), Circulating Supply in 365 Days: 367,500,000 NKN, Inactive Address Count in Top 20 (30 Days of No Activity): 9. Coinbase Pro is the current most active market trading it. There is plenty of experience here, as tends to be the case with ICO projects. That's likely due to the very small exchange listing presence they have. Data is controlled by internet service providers that can throttle your connection any time that they choose. The Non-Habitual Resident (NHR) is another important schedule Portugal offers to its foreign investors as well. NKN Twitter Citation Rank: 67/100, How popular is this coin among Cointobuy community? Overall, the documents available are highly informative and professional. The idea behind this currency is quite ambitious, but fortunately, they have a great team behind them that has experience in launching blockchain based ventures. The only bad thing about this project is that it could use more marketing. Despite advances in digital communications, the average office still prints 10,000 sheets per employee per year. The $150-$200 prediction mentioned above is pretty realistic in a bull market, or even during a stabilization period for Bitcoin. The scrolling banner featuring the latest news is exactly what the website needs more of with regards to design and accessibility. In 1 year from now what will 1 NKN be worth? This annual emission will be decreasing on a yearly basis, but it is expected that 17.5mn NKN will be released over the next year, giving an annual inflation rate of 5%; nothing major. All the material is there and relevant; just tidy it up! How many exchanges are there to trade this coin? Cryptocurrency. A new type of investment. Either of those options will allow you to perform a trade quickly and for a fair price. The roadmap is native to the website’s About page but is not clearly linked in the navigation menu, as it should be. There is a decreasing annual emission schedule. Nonetheless, I would be lying if I said that I didn’t find this particular research process rather fascinating. In any case, make sure to always back up your wallet files or seeds to make sure you are protected from hardware or software issues. One would be forgiven for assuming there would be zero inflation or further supply emission, as this is an ERC-20 token that was created with an ICO. NKN is one of oldest project of blockchain with great experience and innovating team, who working to adopt future technology to support new developer and investor. NKN Google Trends Rank: 36/100, How many users are talking about this coin in Twitter? New Kind of Network’s native cryptocurrency token NKN has seen its price surge by over 1300% in the past month alone. However, in the past 90 days, the thread has had 24 posts via 15 individual posters, giving an average of 0.26 posts per day; overall engagement in this thread is clearly low. This equates to 0.45 posts per day, on average. This information should not be used for any financial decisions. For a relatively small and new project like NKN, this isn’t too bad at all, and shows on-chain interest. Natural gas is the fastest growing energy source in the U.S., and that’s a big problem. However, its engagement rate relative to other cryptocurrencies is very much average, placing it in the middle of the pack of coins previously reported on. This also happens to be the level at which the Daily 200MA has flattened out, with prices now trading above it. The benefit though here is that at least the NFT can be resold to recoup at least some value if the investment goes … That being said, it is not overly jargon-heavy (though this is a technical paper, and there is a lot of technical terminology) and explanations are provided of various concepts. This is a NEO based asset. Successful day traders are level-headed, able to follow rules and good at pattern recognition. We all have one life to live and one body to live it in, which is why there’s never … Whilst a lot in there is highly technical (and beyond me), there was much of interest and I think it’s more useful for you to read it than for me to butcher Stephen’s thoughts in an attempt to summarise. This report is now approaching 4,000 words, and it is time to draw it to a close. As has been the case with many development-heavy projects, marketing and end-consumer accessibility is left by the wayside, and thus I could not score NKN higher than an 8; that said, there is much to be excited about here. The top 10-richest addresses control 77.27% of the supply; the top 20 control 80.38%; and the top 100 control 92.15%. He actually invented public key cryptography. Join my mailing list today to receive a free copy of my 13-page ebook, The Definitive Guide To Altcoin Selection, plus receive regular exclusive material I don't publish elsewhere: I consent to receive emails and have fully read and agreed to the privacy policy. Let’s move onto the NKN Community: There are two primary aspects of community analysis: social media presence and Bitcointalk threads. The ICO sold out in minutes and raised over $12mn, though this figure is difficult to verify as there are discrepancies between sources. ***NVT is calculated by dividing the Network Value by the Average Daily Transactional Value. Top 5 Cryptocurrencies That Will Outperform in 2020. The Business section of this presentation depicts the token sale details, stating that NKN is “tokenising connectivity.” 17% of all tokens created are reseved for the NKN Foundation  for “strategic investment“; 18% are for developers; 35% was sold in the ICO; and the remaining 30% (300mn NKN) will be emitted over a 25-year period as a reward to miners for “traffic relay and block maintenance” via the Proof-of-Relay consensus mechanism. This website is purely for informational and entertainment purposes and is not financial advice. This places NKN in the middle of the pack, relative to other coins that have been previously reported on. Even though many of use spend out days typing on a keyboard or touchscreen, there's still a need for the good old-fashioned pen. While the rising cost of college may be troubling, it has not yet changed the basic calculus as to whether earning a college degree is worth it. Many NFTs can be an excellent investment; however, others can be extremely risky. Last year, gas was the number one contributor to the growth in U.S. carbon emissions. The Brother MFC-J805DW INKvestment Tank is good for black and white printing. Regarding the introductory presentation, there are 46 slides that are much more accessible to all users, with clear, jargon-free prose and useful visuals. However, 2 addresses are distributing, 1 remains largely unchanged and 8 addresses are in active accumulation. Unfortunately, this is not as popular as the ERC20 model, and there are less wallets available for it. Probably the single biggest reason why a house is not an investment is because its primary purpose is providing shelter. However, NKN does have some degree of inflation, as 30% of the 1bn NKN that were created during the ICO were reserved to be rewarded over a 25-year period to those that relay traffic on the network and perform block maintenance. It has a circulating supply of 650 Million NKN coins and a max supply of 1 Billion. Monitoring your investment. NKN was priced at $0.13 during the ICO. If you’ve enjoyed this post and want to receive new posts straight to your inbox, I’ve set up a RSS-to-Email feed that will be sent out weekly; every Monday, 12pm. NKN is present on three of these platforms; all except Facebook. A good investment is something that will pay you more than you paid for it. It's also a very tough task to tackle. Now, there’s rather a lot to get through here, but given NKN’s aims, let’s begin with the metrics related to on-chain transactions: Using the explorer, I was able to calculate that NKN averaged 100 daily on-chain transactions over the past month, amounting to average daily transactional value of ~$79k. However, there is no channel for relevant resources and links for new users, as might be expected of a Discord group, and engagement, whilst relatively high in terms of activity, is quite low with regards to the number of individuals participating in discussion of the 1306 members. However, unlike those two, NKN is traded on Bittrex, and so it had at least come across my radar, even if any familiarity with the project was limited to its chart. No, NKN (NKN) price will not be downward based on our estimated prediction. *Of the top 10, the top 2 addresses are currently locked as Founders’ fund, the 4th-richest is tagged Gate.io 3, the 6th-richest is tagged Bittrex and the 8th-richest is tagged Gate.io 1. This could be one of the best cash investments you ever make. Please enter the e-mail that you registered your account with, and we will send your username to that address. In their own words: “We use economic incentives to motivate Internet users to share network connection and utilize unused bandwith. The platform also offers premium content for paying subscribers who find value in the free material, with daily videos, alerts and support provided. Please do feel free to leave any questions in the Comments, and I’ll answer them as best I can. This aligns with the aforemention range-bound nature of NKN at present, and suggests that we may indeed be sitting at prices worthy of an entry – but this is yet to be determined…. Its six-year average platform portfolio … The report will conclude with a grading out of 10. For consumers,“better connectivity, more choices for access, and earn rewards for sharing a user’s own network connection with other users”. What Happened: NKN rose to … When you are looking for the … This is perfectly fine, as there is also a 46-slide introductory presentation available for less-technical users, featuring a more comprehensive overview of all aspects of the project. Its black cartridge has an outstandingly low cost-per-print ratio as well as a high page yield, so even if you're constantly printing off black-text documents, you won't run out of ink too quickly. For businesses, “ISPs can improve network coverage, offer secure and verifiable data transmission as well as trade unused bandwidth for new revenue streams.”. Now, NKN has averaged $783,572 of daily traded volume for the past 30 days, equating to a huge 6.71% of Average Network Value for the period.

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