NKN Monthly Report: June 2022

Community News
#1

Highlights

  • Binance adding $NKN/$BUSD support
  • nPool | An easy and secure NKN mining pool by our community
  • Binance launches $NKN staking program
  • NKN Short video series | developing with NKN
  • UpcomingTwitter reward Campaign!

Mainnet Status

Latest Mainnet Stats June 30th, 2022:

Screen Shot 2022-06-30 at 14.36.24

  • :computer: 89,373 full consensus nodes
  • :globe_with_meridians: 49 countries & regions
  • :package: 9,072,415,687 relays per hour
  • :chains: 4,179,170 block height

The latest stable release for mainnet is v2.1.8

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

Binance adding $NKN/$BUSD support

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Binance now supports the $NKN/$BUSD trading pair! We are gaining more trading pairs and ways while exploring more opportunities with exchanges to benefit all of our community and holders!

To learn more about this new trending pair and policies, please visit the Binance announcement:

https://www.binance.com/en/support/announcement/0dc123652f5a4ad68aaec0f095c16041

nPool | An easy and secure NKN mining pool by our community

nPool is an easy and secure NKN mining pool created by our community developers. We’ve tested it and we like it, it takes the mining randomness out of your worry. Give it a try if you’re also interested at npool.io, or just follow nPool’s official Twitter to tune in for more updates @NknPool

Binance launches $NKN staking program

NKN Staking Special: Enjoy Up to 63.79% Rewards Rates and Share 450,000 NKN! Binance Staking has launched NKN Locked Staking. Stake your NKN from 2022–06–24 at 12:00 (UTC) to earn multiple rewards. For more details, please check the Binance announcement.

https://www.binance.com/en/support/announcement/21fd08048e1647f2bacd4942262446f0

NKN Short video series | Developing with NKN

As you probably already know, we aim to make NKN as easy to use as it could possibly be. Because of this, we wrote our code with adoption in mind. NKN is a project that was created by developers, for developers, to revolutionize the way we write apps in the future.

See how you could just use NKN in your own application as quickly as 1-2-3!

Struggling to manage a lot of remote machines on a daily basis? nShell comes in handy here! It is more convenient and more secure than the popular SSH tool!

NKN nShell/nsh Video Tutorial

Secured by NKN, nFTP is a simple web application that can send and receive large files between peers without using any centralized servers, with high speed and high security.

nFTP: Peer to Peer File Transfer secured by NKN

Upcoming Twitter reward Campaign

Stay tuned for a chance to win!

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#4

Does Binance support mainnet or is it still the erc20 token requiring swap?

#5

It is still ERC-20. Coinbase does not support any mainnet in recent years. So it is important to keep the token format consistent between the two tier-1 exchanges that have the largest share of NKN trading volume. Thus we have accurate pricing and good liquidity.

#6

That’s unfortunate, from a token usage perspective, it’s an extreme pain in the butt + $ cost of 2 transfers and a swap, simply to get it to mainnet for a state of usage.

If you want a higher number of users and/or developers, you need to remove the complexities of acquisition for the less technical.

#7

For adoption, I agree we definitely need much easier way to acquire NKN mainnet tokens. There are a few ways:

  1. The app developer hides the complexity: e.g. nConnect, we charge user fiat and automatically convert into NKN mainnet token under the hood.

  2. Users can acquire NKN mainnet tokens directly from swft swaps, where you can use any crypto they have to directly swap into NKN Mainnet tokens with very very low fees
    SWFT added support for NKN mainnet and NKN ERC-20 token swap

  3. We are still working with more exchanges to support both ERC-20 and Mainnet NKN tokens,.

#8

ERC-20 is still in use. In recent years, Coinbase has not supported any mainnets. Therefore, it is crucial to maintain uniformity in the token format between the two tier-1 exchanges that account for the majority of NKN trading volume. As a result, we have strong liquidity and precise pricing.