Is there any point in still holding this?
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It is one of the biggest shit coins to ever come along.
No. Send them all to me. How much you have?
They've literally just made and released v1 of the most secure IM ever made, and fully opensource. No don't bother holding it send your tokens to me I'll pay you a few bucks for your bag.
if you're holding any chink coins kys lol
Can it be used as e-mail service, too?
Not yet but wouldn't be surprised if they create a secure email platform too.
50 cents end of month
not
tech is good
token is trash
this is what I thought
The idea/code/consensus is genius.
And it works, right now.
The problem is the token economics is trash.
No. Token not needed, even the CEO said they need to check tokenomics.
Project is decent and will probably be good, but zero usage as an especulative cryptocurrency. Buy other stuff instead.
Token is literally needed for every part of what they're building. Side note, LINK is a token genuinely not needed and proved that doesn't hold up as an argument.
ive never been more justed by anything more than this piece of shit. too embarrassed to even saywhat price i bought at on an user board
Yet LINK is discovering ATH since a year ago and you have only discovered new all time lows and crabbing near the bottom. There's zero interest on NKN, zero. No matter what you say it will never pump seriously unless they change a lot of stuff regarding token economics. Like I said, even your CEO has admitted this.
We all know who this is.
This. I hold NKN as 1% of my portfolio because that's a suicide stack. If it sees adoption it'll have more brand loyalty than Apple. If it doesn't... fuck 1% of a portfolio that grows by the inflation rate every WEEK.
Token economics are rock solid assuming large adoption is achieved, which is absolutely what they're going for.
I have 2,500,000 NKN.
Been holding since $0.018, over a year now.
They released the world's most secure messaging app today.
Price doesn't move.
I'm about to dump.
I hate it.
But im about to do it.
met my husband on nLove
Yeah nobody cares about instant messaging in 2020
And as a network engineer I'm turned off by this project's rampant use of the word "infrastructure" when all they have is shitty software.
Are they/have they worked with the IEEE on this?
This vision they have isn't remotely possible without major help from the largest network providers.
Well, they are constantly delivering. They just released the most secure messaging app and open-sourced it too:
twitter.com
Their funds are good for years and they are getting that juicy iQIYI revenue by EoY and will market-buy tokens from markets to nodes. Very interesting things yet to see. The scale of NKN project is so massive. It takes time.
ok but what does any of this have to do with the shitcoin?
>This vision they have isn't remotely possible without major help from the largest network providers.
But it's up, running, and working?
Are you seriously asking that? The "shitcoin" aka NKN token is a key element of NKN ecosystem. It provides an incentive to nodes. Clients buy the service with either NKN tokens or via fiat-to-NKN-token gateway. Demand of tokens goes up -> price goes up. The real question is that will the nodes hold a portion of the tokens for themselves. This would mean that the supply would eventually go smaller and smaller while demand is high (and probably goes higher if clients see NKN services as the best in the market).. I don't believe nodes want just quick bux ONLY. For this main reason I'm holding a decent bag to see what happens when the big boys start to buy NKN services... NKN is a wild card and can be a super-massive gainer eventually.
so lets say iqiyi pays $1 million per month to use NKN (unlikely but for the sake of argument)
the tokens daily volume is what 3-4 million?
so how is 1 million a month going to save this shitcoin?
and thats not even 1 million given that most of that will be sold by miners. lets say they keep 30%, that's 300k. how is 300k a month going to save this shitcoin?
>Clients buy the service with either NKN tokens
things that will never happen
>via fiat-to-NKN-token gateway
aka the team will buy it for them. And there is the big flaw: no transparency.
The service might be good, but the token is shit. You are buying essentially a payment token. Good luck with that.
TRUE they need to redo the tokenomics
You do realise that clear majority (at least 70-80%) of the current volume is wash trading by bots right? Same with every other crypto. 1m$ of real pure buying volume would alone be quite massive. BTW you assume that iQIYI would be their only customer and the source of revenue.
>things that will never happen
So then they buy NKN tokens via fiat-gateway with NKN company
>And there is the big flaw: no transparency.
How so? All transactions are there to see in public chain and you see if the tokens flow to all active nodes very easily
it really wouldn't. we are talking about roughly the current daily volume on the NKN/BTC pair just on binance, spread over an entire month
it is meaningless. and the team have said it will probably take another 6-12 months before iqiyi revenue is even seen. no sign of any revenue from that other random chink company coming in even though its been like a year
by the time a dime of commercial money even enters NKN, the bullrun will be getting close to over.