NKN

The NKN token is an ERC-20 utility token that serves as an incentive and payment system for services on the network. The token was released in an initial coin offering in April 2018, with an initial supply of 1 billion NKN. Thirty-five percent of NKN tokens were made available during the launch, with ICO participants able to purchase 4,150 NKN for 1 ETH. Additionally, 17% of the token supply was reserved for the NKN Foundation in order to make strategic investments in building the NKN ecosystem. Eighteen percent of the token supply was distributed to the founding team and community developers.