NKN Monthly Report February 2021

[NKNer]

Highlights

● nConnect for Synology DSM 6.2 and QNAP: testing completed

● nConnect is now available globally for all ASUSTOR users

● Two token economics related NKP still open for suggestions and feedbacks

● Korean language version of our website’s homepage went live!

● Happy Lunar New year

Mainnet technical development updates

Latest Mainnet Stats February 26, 2021:

28,627 full consensus nodes

143 ISPs or cloud providers

39 countries & regions

The latest stable release for mainnet is v2.0.7

(https://github.com/nknorg/nkn/releases )

nConnect for Synology DSM 6.2 and QNAP: testing completed

For NAS users of Synology DSM 6.2 and QNAP who have been eagerly waiting for nConnect, here comes great news from us! We have completed all testing in January and February, and we are expecting App center availability for both Synology and QNAP around the end of February. Please follow our official twitter https://twitter.com/NKN_ORG for all the updates or join in our community for APK installation instructions and enjoy nConnect on your devices before anybody else!

Official nConnect product page:

nConnect | NKN

nConnect is now available globally for all ASUSTOR users

Dear all ASUSTOR NAS users, nConnect is now available globally! You can download nConnect in your local ASUSTOR official App center wherever you are and enjoy our service without geographical restriction.

You can find nConnect in the following link:

ASUSTOR NAS - nConnect

For more detail about NKN and ASUSTOR’s partnership, please visit:

NKN signs commercial partnership with ASUSTOR | NKN

Two token economics related NKP still open to suggestions and feedbacks

We have revived one of our older forum threads last month in exploring for better economic models for NKN token

NKN2.0 The Debate - concerns, ideas, thoughts

Hi team and community! I would like to throw up a few balls regarding recent frustrations I have had with NKN which I would hope could lead to constructive debate. Sadly I do not have any cookie cutter solutions but I think these things need to be discussed and I can make some suggestions of my own. tokenomics: I’m all for directing ALL economic incentives towards mining especially due to the nature of NKN and its benefits with decentralisation and scaling the network. This also means making …

In February, we developed two token economics related NKPs, or New Kind of Proposals, looking for more constructive suggestions and feedback.

1. [NKP022] minimum staking requirement for NKN mining

[NKP0022] Minimum Staking Requirement for NKN mining

Proposal: Each mining node need to hold certain amount of NKN tokens in order to participate in the mining reward Definition of staking in this particular proposal: the miner has full control of the staking wallet which is the same as the mining wallet. When a particular node is chosen as the block proposer per NKN’s consensus algorithm, it will take into account whether the node wallet has sufficient NKN tokens balance. If yes, a block of mining reward is deposited, otherwise the system will l…

2. [NKP023] MLM geyser for liquidity providers

[NKP0023] NKN Geyser for liquidity providers

Background: Decentralized exchanges like Uniswap provide permissionless trading of NKN ERC-20 tokens, enabling everyone in the world to trade freely. However, liquidity providers are exposed to Impermanent Loss (IL) due to the high volatility of tokens. And the trading fees might not be able to cover impermanent loss. Proposal: Create NKN Geyser with NKN tokens to reward liquidity providers on decentralized exchanges such as uniswap and sushiswap NKN Foundation to provide the NKN reward token…

We are open to all kinds of comments and please feel free to discuss under these related threads in our official forum.

Korean version of our website’s homepage went live!

NKN has had Korean supporters since the very beginning of our journey, and the numbers are growing constantly. For better conveniences of Korean native speakers, we have a Korean language version of our website homepage that just went live in February!

홈 | NKN

In addition, Upbit exchange support NKN mainnet token (while the other exchanges currently support NKN ERC-20 token):

https://upbit.com/exchange?code=CRIX.UPBIT.BTC-NKN

We will continue to translate contents based on community feedback and any volunteer to translate our contents into your native language is more than welcome!

Happy Lunar New Year

Happy Lunar New Year to all our friends around the world. NKN for the year of Ox!