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NKN (NKN)

NKN price chart

NKN ranks #178 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1296: 1118 of the 1295 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 1546 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 32% are claims on other assets, 6% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	B · 56/100 · provisional
Rank among cryptocurrencies	#178
Rank counting claims	#1296
Market capitalisation	$4M
Price	$0.00469
Circulating supply	807,059,523 NKN
Maximum supply	1,000,000,000 NKN
Consensus family	Other
Consensus mechanism	Proof of Relay (MOCA)
Network purpose	Distributed compute
Ledger type	Single-asset ledger
Launch distribution	Presale

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

B — 56 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 52 to 59 (B to B).

Section and criteria	Score	Basis
Consensus	6.4	average of 2 criteria
By leader (its largest chain's market cap) (Source)	6.4	Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap
By family (all its chains' market cap) (Source)	6.4	Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains
Supply	8.5	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	8.3	fixed maximum supply of 1 billion
Distribution	5.7	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	1.3	86.8% of today's supply allocated at launch to founders, a company, a foundation or investors. 700,000,000 NKN were issued at genesis to one address (config InitialIssueAmount; mainnet 2019-06-29). 300M are reserved for mining rewards over 25 years. Against ~806.4M current supply, that is ~86.8%. source
Fundraising (share sold) (Source)	5.7	Sold by its issuer or insiders: 43.4% of supply sold. 2018 sales of 35% of the 1B supply: private 25% (~8,031 ETH + 250,100 NEO), early bird 5% (~11,111 ETH) and public 5% (2018-04-19, ~12,048 ETH). About $27M at the time. source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. No cut. The 300M mining allocation is minted as Proof-of-Relay rewards (18M in year one, falling 0.5M a year over 25 years) to signature-chain winners; the DonationAddress mechanism pays from a pre-funded donation account to miners, not to developers. source
Decentralisation	5.8	average of 4 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level freeze, blacklist or halt key; the 2026 recovery required operators to install new releases. source
No central team (Source)	0	A central team directs it: The only full node, nknorg/nkn (Apache-2.0), is developed by the NKN core team (NKN Labs / NKN Foundation); the 2026 fix PRs were all by one core developer. source
Who can mint (Source)	3	Gated by representatives: witnesses or representatives chosen by weight confirm the ledger
Nodes (Source)	10	1,523 reachable nodes (source: Distinct)
Security	5.5	4.4 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	7.7	largest 26.24%, largest three 59.97%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	0.2	about 300 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	1	not mined: another consensus, 1
Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point)	7	one client, latest version Jan 2026
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	6.8	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $0.000067
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	5.9	about 205 simple transactions a second
Block time (10 minutes 10, less either side)	4.7	a block every 20 seconds
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	10	1.05 MB limit, 31.5 MB per 10 minutes
Features (3 checks)	3.3	1 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	MOCA consensus gives each block finality, but blocks arrive about every 22 s (target 20 s), so a payment cannot be final within seconds.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	NKN node default SyncMode "light" with state pruning keeps the current state and a RecentBlockCount window instead of full history.
Light clients (Payments verified from headers · Whitepaper §8)	✗	No proof-verifying light client; SDK clients rely on nodes.
Privacy	3.5	3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Accounts are created from keys users generate themselves; transfers are validated by signature, with no identity condition in the protocol.
UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9)	0	An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history.
HD addresses (A new address for each payment, unlinked · Whitepaper §10)	–
Hidden amounts (Amounts confidential)	0	Balances and transfers are public.
Hidden parties (Sender and receiver hidden)	0	Sender and receiver addresses are public.
Network privacy (Origin hidden by default)	0	Nodes relay transactions directly; no Dandelion-style relay or Tor.
Programmability	2.2	2 of 9 points source
Token issuance (At protocol level)	2	ISSUE_ASSET transaction type in the protocol since mainnet 1.0, validated by every node and open to any account (name, symbol, supply, precision).
Smart contracts	0	Fixed transaction types only (transfer, names, subscribe, nano pay, issue asset, sigchain); no script or VM.
Multisig and time locks (Without a third party)	✗	No multisig transaction or account type in its validator; NANO_PAY expiry is a fixed payment-channel feature, not m-of-n spending.
Atomic swaps (With other chains)	✗	No hash-locked transaction type in the protocol.
Native DEX (Trades the coin itself, not a claim)	✗	No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04).
Cross-chain messaging (Verified by the chain itself)	✗	No cross-chain feature in the protocol; NKN relays off-chain data packets, not chain messages.
NFTs (Carried by the chain's rules)	✗	ISSUE_ASSET creates fungible assets only; no NFT type.
Demand	3.5	average of 7 measures
Exchanges (10 or more: 10)	3	3 exchanges
Daily volume ($10K 0, $1B or more 10)	0	$4,615 traded in 24 hours; #2770 by volume on the exchanges the site reads (scored on the median day of the last 30, $6,052)
Turnover (volume ÷ market cap, 5% a day: 10)	1.7	0.13% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	7.3	$5,714 within 2% of the price on 2 exchanges, 0.15% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	1.4	$3.8M, 1.4 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	10	no futures, options or margin on the exchanges read
Wallet support (wallets that hold it, 10 or more: 10)	1	its own node and wallet, counted as 1: no wallet in the site's directory lists it yet
Record	7.7	average of 3 criteria
Age (years since genesis) (Source)	8	8 full years since 2018-05-28, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	6	1 positive, 0 negative source
Positive
Steady work, 6 of 6	✓	13 commits in 1 of the last 12 months (github.com/nknorg/nkn); nknorg/nkn v2.2.5 released 2026-01-09; v2.2.2-v2.2.5 all came out between 2026-01-01 and 2026-01-09 in response to the stall, the previous release being v2.2.1 (2024-05-14). Four releases in 24 months meets 'active', though they were one burst of repairs.
Conduct (origin, claims, halts)	9	2 positive, 1 negative source
Positive record
Launched with a stated purpose, not as a joke	✓
No claims by its founders that contradict its own design	✓
Negative record
Halt, freeze or reversal, 2025-12-31	✗	Block production stalled after block 8,843,191 (2025-12-31 23:24 UTC): nine blocks over the next 4.8 days and none from 2026-01-05 19:04 to 2026-01-07 14:12 UTC, about 6.6 days of near-halt in all. Normal production resumed on 7 Jan after release v2.2.3 ('mechanism for network reset'), which node operators had to install; v2.2.4 ('rollback and reset expected height') followed on 8 Jan. Blocks had already slowed from ~26 s to ~32 s through Oct-Dec 2025. openapi.nkn.org openapi.nkn.org github.com

Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.

Other coins

Proof of Work coins

Supply

807,059,523 of a maximum 1,000,000,000 NKN are in circulation — 80.7% of the total that will ever exist.

Launch and allocation

Premine (allocated at launch)	86.8% of today's supply
Sold by the issuer or insiders	43.4% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Nodes or validators	1,523
Fundraising	Public sale

700,000,000 NKN were issued at genesis to one address (config InitialIssueAmount; mainnet 2019-06-29). 300M are reserved for mining rewards over 25 years. Against ~806.4M current supply, that is ~86.8%.

2018 sales of 35% of the 1B supply: private 25% (~8,031 ETH + 250,100 NEO), early bird 5% (~11,111 ETH) and public 5% (2018-04-19, ~12,048 ETH). About $27M at the time.

No cut. The 300M mining allocation is minted as Proof-of-Relay rewards (18M in year one, falling 0.5M a year over 25 years) to signature-chain winners; the DonationAddress mechanism pays from a pre-funded donation account to miners, not to developers.

The remaining 35% of genesis (foundation, team, community developers) is not split in the sources found, but it is all insider. soldPct = 350M / 806.4M.

Sources: github.com · github.com · binance.com. Researched 2026-10-26, medium confidence.

What a regulator has said

No SEC/CFTC determination — unclassified.

The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.

How CoinSpectrum ranks NKN

NKN is #178 among cryptocurrencies and #1296 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1118 places between NKN's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.

The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).