What is New Kind of Network (NKN)?
New Kind of Network is a public blockchain that provides incentives in the form of NKN tokens for users to share unused bandwidth and data, allowing higher network speed and reduced cost. It aims to be the decentralized foundation where Web3 apps are built and run with better efficiency.
The network was introduced in 2018 and its mainnet was launched in 2019. New Kind of Network's founders are Yanbo Li, Yilun Zhang, and Zheng Li. They are experts in blockchain technology, mobile data, and telecommunications, who spent years working for top companies like Nokia and Google before creating this blockchain network.
How New Kind of Network (NKN) Works
New Kind of Network operates on the basis of Proof of Relay, an improved version of Proof of Work. This consensus mechanism enables almost anyone to participate without a lot of initial investment or costly computer hardwares, and gives out rewards based on data relayed on the network.
How Many New Kind of Network (NKN) Tokens Are in Circulation?
NKN is the main native token of the New Kind of Network blockchain. It has 1 billion tokens in total, among which 700 million is in circulation.
How to Buy New Kind of Network (NKN)
Consider investing in New Kind of Network (NKN)? It only takes 2 minutes to create an account on Bitget and start trading NKN.
Check out the available NKN trading pairs on Bitget!
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New Kind of Network (NKN) Resources
Simple 3-step guide to buying NKN today in United Arab Emirates
Create your free Bitget account
Select a funding method
Complete your New Kind of Network purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for New Kind of Network using a payment method of your choice:
Buy New Kind of Network with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your New Kind of Network order.
How to buy crypto with credit/debit cardBuy New Kind of Network with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into New Kind of Network is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your New Kind of Network order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your New Kind of Network order.Buy New Kind of Network with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your New Kind of Network order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor New Kind of Network in your Bitget spot wallet
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The United Arab Emirates (UAE) was established in 1971, and we just celebrated the 50th anniversary of the UAE in 2021. The UAE has a population of about 10 million people, with about 10% locals and 90% expatriates from all over the world. The surface area of the United Arab Emirates is 83,000 square kilometers, which is slightly larger than Ireland and smaller than Portugal. The official languages in the United Arab Emirates are English and Arabic.
The UAE, as the name suggests, is made up of several emirates, more precisely, seven emirates. The first emirate is the most important, and it is the one of Abu Dhabi, the capital of the United Arab Emirates. This one represents 80% of the Emirates territory. The second Emirates we often hear about because it is rather the tourist capital is Dubai. The other five emirates are Ajman, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain.
The time difference varies depending on the season (summer or winter). Concerning temperatures, there is also a distinction between summer and winter. During the winter, you can expect temperatures between 22 and 30 degrees. In the summer, it is much warmer, and temperatures average 35 to 40 degrees.
Acting as the national currency of the United Arab Emirates is the Dirham (AED), and with Bitget, you can purchase cryptos within minutes, no matter where you are in the United Arab Emirates. Our exchange offers secure payment options to make trading more accessible and safer than ever, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and several different credit card services.