NKN Economic Model

Friday, June 15, 2018
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NKN E o o i Model a d Road Map . k .org NKN Tea | April Versio . I trodu tio A o di g to Ga t e ’s epo t [ ], glo al IT spe di g is goi g to ea h $ . t illio i , a o g hi h o u i atio s/ et o k se i es o ti ue to d i e ost of the spe di g. The $ . t illio -dolla o u i atio se i e usi ess sho s a huge pote tial he NKN i o po ates it ith lo k hai te h olog . E te p ise Soft a e Data Ce te S ste s IT Se i es IT Se i es De i es Co u i atio s Se i es Co u i atio s Se i es % % % % Figure Pie ha t of o ld ide IT spe di g sha e fo e ast i , data sou e f o Ga t e fo e ast [ ], i di ati g o u i atio s se i e takes the lio sha e of IT a ket. NKN Ne Ki d of Net o k is the e ge e atio of highl s ala le, self-e ol i g a d self-i e ti ised, de e t alised et o k. B appl i g lo k hai te h olog to the thi d pilla of the I te et i f ast u tu e, NKN e olutio ises the lo k hai e os ste i o ati g o the et o k la e , afte Bit oi [ ]/Ethe eu [ ] applied lo k hai te h olog to o puti g po e as ell as IPFS [ ]/File oi [ ] applied lo k hai te h olog to sto age.

NKN is a de e t alised data t a s issio a d o e ti it et o k ith its ati e digital ptog aphi all -se u ed utilit toke , NKN. NKN i t odu es self-i e ti ised sha i g e ha is to e su e the o ti ued alidit of esou e sha i g. Clie ts spe d NKN t a s it data, a d ela odes get NKN th ough ela i g data fo lie ts as ell as o t i uti g to the e pa sio a d sha i g of the et o k o e ti it a d t a s issio apa it . I additio , i e s e ei e NKN e a ds fo s ste o t i utio s. NKN e ou ages i di iduals o o ga isatio s at ea h t a s issio ode to o t i ute o sha e idle et o k esou es th ough a a di g NKN. This p o otes the o st u tio of a e ode of data esou e t a s issio a d e su e the o ti uit of et o k t a s issio esou e sha i g. Resou es a e e ui ed fo the p o isio of et o k o e ti it , t a s issio apa it , thus k ould p o ide the e o o i i e ti e fo the p o isio of these o su ed esou es. k is a i teg al a d i dispe sa le pa t of NKN, e ause i the a se e of k , the e ould e o e o o i i e ti e fo pa ti ipa ts to p o ide these esou es, thus e de i g the e os ste o NKN u sustai a le. k is desig ed to a hie e fai ess et ee sha i g the et o k t a s issio esou es a d e ei i g the e a ds. Ou ethodolog is e ifia le, t a spa e t, a d a ked athe ati s. k is the fou datio of the NKN e os ste . k dist i utio is li ited a d the a ou t of i i g output de li es li ea l o e ti e. It e o es i easi gl diffi ult to a ui e k o e ti e. Spe ifi all , the p odu tio e ha is of k is di ided i to t o pa ts: the fi st pa t is eated at ge esis; the se o d pa t is o tai ed i e s th ough i i g. Mai Features Strategi re a p of et ork la er Afte ea s of e olutio , lo k hai appli atio i o puti g a d sto age has ee tho oughl e plo ed a d e og ised o e a d o e people. Yet, the e is a la k of eakth ough i fu da e tal esea h i lo k hai . NKN i t odu es st ategi i o atio i to the et o k la e of the lo k hai s ste . It sets et o k o e ti it a d t a s issio apa it as the o e esou es to e toke ised a d thus sha ed, hile P oof of Rela e o es a e t pe of "P oof of Wo k". Fu the o e, NKN i t odu es Cellula Auto ata [ , ] i to the et o k la e to eate self-e ol i g et o k topolog . NKN sol es the e isti g halle ges i lo k hai et o ks, su h as s ala ilit of the et o k, la k of pee e ualit a d e te si ilit . B usi g Cellula Auto ata to i p o e the effi ie of lo k hai , NKN ill a hie e pee e ualit of all odes i the et o k. Bei g o ple e ta to de e t alised o puti g po e Bit oi [ ]/Ethe eu [ ] a d de e t alised sto age IPFS/File oi [ , ] , NKN p i a il fo uses o et o k o e ti it a d data t a s issio . NKN akes pee -to-pee et o ks o e elia le a d se u e, e a li g healthie a d safe et o ki g la e s. Toke isatio of et ork o e ti it a d data tra s issio apa ilit I additio to i o ati g the lo k hai et o k la e , NKN p oposes to toke ise et o k o e ti it a d data t a s issio apa ilit . The e e o o i odel ill e ou age pa ti ipa ts to sha e thei o e ti it , a d idth to full le e age thei idle et o k esou es to a hie e p odu ti e esou e sha i g. He e, i p o i g the utilisatio of et o k esou es a d e ha i g et o k t a s issio apa it . k is a ajo o po e t of the e os ste o NKN, a d is desig ed to e used solel o the et o k. k has the follo i g ha a te isti s:

P oof of utilit Toke utilit a e e ified at the ti e of eatio . Self-i e ti ised ati e k is a o - efu da le fu tio al utilit toke hi h ill e used as the u it of e ha ge et ee pa ti ipa ts i the NKN e os ste , hi h o pe sates et o k esou e sha i g su h as o e ti it a d data t a s issio apa ilit . Fu gi ilit k a e e ha ged f eel ithi the NKN et o k a d a e t aded a d e ha ged et ee pa ti ipa ts i the NKN e os ste . Pi a k is i atel a o ous, ith authe ti it a d ta pe -p oof gua a teed ptog aph . Additio all , k is a ked a d safegua ded athe ati s. The sha i g e ha is ased o et o k o e ti it a d data t a s issio apa ilit is the a k o e of the NKN p oje t that ill spa th ough the e ti e p oje t’s desig . It a e said that the sha i g e ha is ased o the o e ti it a d data t a s issio apa ilit of the et o k la e is ot just a ge e al outli e of the e ti e p oje t, ut also a guidi g i st u tio fo spe ifi details ithi the p oje t’s desig . E a li g it leads to futu e de elop e t of lo k hai te h olog . E o o i Model k does ot i a a ep ese t a sha eholdi g, pa ti ipatio , ight, title, o i te est i NKN Fou datio Ltd. the Fou datio , its affiliates, o a othe o pa , e te p ise o u de taki g, o ill k e title toke holde s to a p o ise of fees, e e ue, p ofits o i est e t etu s, a d a e ot i te ded to o stitute se u ities i Si gapo e o a ele a t ju isdi tio . k a o l e utilised o NKN, a d o e ship of k a ies o ights, e p ess o i plied, othe tha the ight to use k as a ea s to e a le usage of a d i te a tio ith NKN. I pa ti ula , ou u de sta d a d a ept that k : (a) does ot ep ese t o o fe o the toke holde a ight of a fo ith espe t to the Fou datio o a of its affiliates o its e e ues o assets, i ludi g ithout li itatio a ight to e ei e futu e e e ue, sha es, o e ship ight o stake, sha e o se u it , a oti g, dist i utio , ede ptio , li uidatio , p op ieta i ludi g all fo s of i telle tual p ope t , o othe fi a ial o legal ights o e ui ale t ights, o i telle tual p ope t ights o a othe fo of pa ti ipatio i o elati g to NKN, the Fou datio , the Dist i uto a d/o thei se i e p o ide s; (b) is o - efu da le a d a ot e e ha ged fo ash o its e ui ale t alue i a othe i tual u e o a pa e t o ligatio the Fou datio o a affiliate; (c) is ot i te ded to e a ep ese tatio of o e i ludi g ele t o i o e , se u it , o odit , o d, de t i st u e t o a othe ki d of fi a ial i st u e t o i est e t; (d) is ot a loa to the Fou datio o a of its affiliates, is ot i te ded to ep ese t a de t o ed the Fou datio o a of its affiliates, a d the e is o e pe tatio of p ofit; a d (e) does ot p o ide the toke holde ith a o e ship o othe i te est i the Fou datio o a of its affiliates. The total ua tit of k eleased ill e o e illio . I the egi i g of the s ste ope atio , % k ill e ge e ated. The e ai i g % ill e ge e ated t a s issio et o k i i g afte the ai et is lau hed, hi h ill take pla e o e a pe iod of ea s i de li i g ua tities. The a ual suppl ua tit of k p odu ed Q , i u it of illio s, is dist i uted ased o the ti e a ia le "T", hi h a e i ed i a o da e ith the fo ula elo : Q k = . - . T, ≤T≤ Total a ou t of k is li ited a d i i g output de li es li ea l ith ti e. This i e ti ises ea l pa ti ipatio i the NKN et o k. The ost of k is dete i ed the id et ee the lie t a d the i e si ila to Ethe eu s ste fee ; the efo e, ha ges i the a ket p i e fo k ill ot affe t the e ui ale t p i e of t a sa tio o ela fees.

. . . A ou t of k , Millio . . . . . . . . . Ti es, ear Figure k a ual i i g a ou t suppl u es e sus ti e. The s allest u it i NKN is Qi, he e Qi = - k . A se ies of u its a e defi ed et ee Qi a d k fo o e ie e, as sho i Ta le . Qi ill e used fo i opa e t to eet the e e -e pa di g data t a s issio de a ds. Ta le . U it p efi of k fi ite di isio fo i ulatio a d i opa e t. k NKN toke - ZQi Zetta-Qi - EQi E a-Qi - PQi Peta-Qi - TQi Tera-Qi - GQi Giga-Qi - MQi Mega-Qi - KQi Kilo-Qi - Qi I ple e tatio of su h u it et i s e a les highl a u ate i opa e ts o NKN’s platfo . It should e oted that the a tual usage of the a o e k u it p efi es is depe de t upo the deg ee of NKN’s et o k de elop e t. Opti al u it p efi a e sele ted fo usage ased o the de a d of et o k de elop e t i o e ti it , apa ilit , a d data t a s issio . The allo atio of k is sho i Figure .

% % NKN Fou datio De elopers Mi ers % Pur hasers % Figure Allo atio of k pe e tage. % illio of the total a ou t is ade a aila le to pu hase s; % illio of the total a ou t is ese ed fo de elope s a d ad iso s a d t a sfe ed to the o e a - ea pe iod; % illio of the total a ou t is ese ed fo the Fou datio fo uildi g the NKN o u it a d et o k; the e ai i g % illio ill e ge e ated th ough " i i g" o e a esti ated - ea pe iod. Ea h e l ge e ated lo k ill ge e ate f esh k as a i e ti e fo i e s pe the stated ule spe ified a o e. k is ased o lo k hai te h olog to e su e that the data of o su ptio a d sha i g o t i utio s a ot e falsified. Th ough a de e t alised ledge , it e su es that all e o ds a e alid a d t a spa e t. k is also the d i i g fo e i NKN’s e os ste a d a i flue tial fa to i ulti ati g a health a d sta le e os ste . E ha ges a d e a ds of k d i e use s to sha e thei et o k esou es o e e upg ade thei ha d a e, thus e ha i g the hole et o k apa it . NKN use s a use k to e ha ge et o k esou es, e a i g the e a of e ha ed et o k o e ti it a d data t a s issio apa ilit . P i i g of t a s issio apa it of odes i the NKN et o k ill e di e tl egotiated et ee se i e p o ide s a d lie ts. k Distri utio Metri s We a t to take ti e to e plai the u e s a ou d k dist i utio . We hope that this ill lea up a o fusio s su ou di g the up o i g k toke sale. The dist i uto of k the Distri utor shall e a affiliate of the Fou datio . Toke Suppl a d Sale The o e all a ou t of NKN ill e fi ed at illio . % of NKN toke ill e offe ed to pu hase s.

The o t i utio s i the toke sale ill e held the Dist i uto o its affiliate afte the toke sale, a d o t i uto s ill ha e o e o o i o legal ight o e o e efi ial i te est i these o t i utio s o the assets of that e tit afte the toke sale. To the e te t a se o da a ket o e ha ge fo t adi g NKN does de elop, it ould e u a d ope ated holl i depe de tl of NKN Fou datio , the Dist i uto . Neithe the Fou datio o the Dist i uto ill eate su h se o da a kets o ill eithe e tit a t as a e ha ge fo NKN. De elopers & Ad isors % of NKN ill e ese ed fo de elope s a d ad iso s, a d ill e t a sfe ed to the o e a - ea pe iod. Upo the e pi of ea , the tea ill e ei e / of this allo atio , ith a fu the / of this allo atio to e dist i uted upo the e pi of ea h ea the eafte , u til the - ea pe iod is up. Fou datio Reser e The % ese ed fo the Fou datio ill e used fo efe al p og a s, i e ti es, a d a keti g i itiati es ai ed to p o ote the use ase. The Fou datio ill also o e fo e pe ditu es i a eas of legal a d o sulti g se i es, st ategi i itiati es, ope atio al o e heads, dApp e os ste suppo t, a d e pa sio of the NKN et o k i f ast u tu e. The Boa d of Di e to s of the Fou datio is tasked ith a agi g the use of esou es fo the de elop e t of NKN fo the est e efit of all use s, pa ti ipa ts a d stakeholde s, i ludi g ope atio a age e t, a ket p o otio , de elop e t of u de l i g te h olog a d o st u tio of se i e s ste , pla i g a d te h olog de elop e t. Mi er % of NKN ill e a a ded to i e s o e the Mai Net is li e o li e. Road ap 2017 Q Released NKN’s lo k hai o u it fo u ith i e ti es fo te h i al o u i atio 2018 Q Release hitepape Pu lish e o o i odel a d oad ap Pu lish i t odu tio of tea e e s a d ad ise s De elop NKN lo k hai 2018 Q ~ Q De elop NKN lo k hai De elop NKN e os ste i pa allel 2019 Q ~ Q Lau h NKN TestNet Release NKN e os ste appli atio s

Q Lau h NKN Mai Net Lau h NKN e os ste Dis lai ers a d Risks This do u e t is i te ded fo dist i utio to a sele ti e o u it of audie es, a d a ot e opied, ep odu ed, dist i uted o disse i ated i a a ithout the p io itte o se t of the Fou datio . You a k o ledge a d ag ee that the e a e u e ous isks asso iated ith pu hasi g NKN, holdi g NKN, a d usi g NKN fo pa ti ipatio i NKN: 1. U e tai Regulatio s a d E fo e e t A tio s The egulato status of NKN a d dist i uted ledge te h olog is u lea o u settled i a ju isdi tio s. The egulatio of i tual u e ies has e o e a p i a ta get of egulatio i all ajo ou t ies i the o ld. It is i possi le to p edi t ho , he o hethe egulato age ies a appl e isti g egulatio s o eate e egulatio s ith espe t to su h te h olog a d its appli atio s, i ludi g NKN toke a d/o NKN. Regulato a tio s ould egati el i pa t NKN toke a d/o NKN i a ious a s. The Fou datio o its affiliates a ease ope atio s i a ju isdi tio i the e e t that egulato a tio s, o ha ges to la o egulatio , ake it illegal to ope ate i su h ju isdi tio , o o e iall u desi a le to o tai the e essa egulato app o al s to ope ate i su h ju isdi tio . Afte o sulti g ith a ide a ge of legal ad iso s a d o ti uous a al sis of the de elop e t a d legal st u tu e of i tual u e ies, the Fou datio ill appl a autious app oa h to a ds the sale of NKN. The efo e, fo the o dsale, the Fou datio a o sta tl adjust the sale st ateg i o de to a oid ele a t legal isks as u h as possi le. Fo the o dsale, the Fou datio is o ki g ith Tzedek La LLC, a outi ue o po ate la fi i Si gapo e ith a good eputatio i the lo k hai spa e. 2. I ade uate dis losu e of i fo atio As at the date he eof, NKN is still u de de elop e t a d its desig o epts, o se sus e ha is s, algo ith s, odes, a d othe te h i al details a d pa a ete s a e o sta tl a d f e ue tl updated a d ha ged. Although this hite pape o tai s the ost u e t i fo atio elati g to NKN, it is ot a solutel o plete a d a still e adjusted a d updated the NKN tea f o ti e to ti e. The NKN tea has o a ilit a d o ligatio to keep holde s of NKN i fo ed of e e detail i ludi g de elop e t p og ess a d e pe ted ilesto es ega di g the p oje t to de elop NKN, he e i suffi ie t i fo atio dis losu e is i e ita le a d easo a le. 3. Co petito s Va ious t pes of de e t alised appli atio s a e e e gi g at a apid ate, a d the i dust is i easi gl o petiti e. It is possi le that alte ati e et o ks ould e esta lished that utilise the sa e o si ila ode a d p oto ol u de l i g NKN a d/o NKN a d atte pt to e- eate si ila fa ilities. NKN a e e ui ed to o pete ith these alte ati e et o ks, hi h ould egati el i pa t NKN a d/o NKN. 4. Loss of Tale t The de elop e t of NKN depe ds o the o ti ued o-ope atio of the e isti g te h i al tea a d e pe t o sulta ts, ho a e highl k o ledgea le a d e pe ie ed i thei espe ti e se to s. The loss of a e e a ad e sel affe t NKN o its futu e de elop e t. Fu the , sta ilit a d ohesio ithi the tea is iti al to the o e all de elop e t of NKN. The e is the possi ilit that o fli t ithi the tea a d/o depa tu e of o e pe so el a o u , esulti g i egati e i flue e o the p oje t i the futu e. 5. Failu e to de elop The e is the isk that the de elop e t of NKN ill ot e e e uted o i ple e ted as pla ed, fo a a iet of easo s, i ludi g ithout li itatio the e e t of a de li e i the p i es of a digital asset, i tual u e o NKN, u fo esee te h i al diffi ulties, a d sho tage of de elop e t fu ds fo a ti ities. 6. Se u it eak esses Ha ke s o othe ali ious g oups o o ga isatio s a atte pt to i te fe e ith NKN a d/o NKN i a a iet of a s, i ludi g, ut ot li ited to, al a e atta ks, de ial of se i e atta ks, o se sus- ased atta ks, S il atta ks, s u fi g a d spoofi g. Fu the o e, the e is a isk that a thi d pa t o a e e of the Fou datio o its affiliates a i te tio all o u i te tio all i t odu e eak esses i to the o e i f ast u tu e of NKN toke a d/o NKN, hi h ould egati el affe t NKN toke a d/o NKN. Fu the , the futu e of ptog aph a d se u it i o atio s a e highl u p edi ta le a d ad a es i ptog aph , o te h i al ad a es i ludi g ithout li itatio de elop e t of ua tu o puti g , ould p ese t u k o isks to NKN toke a d/o NKN e de i g i effe ti e the ptog aphi o se sus e ha is that u de pi s that lo k hai p oto ol. elo p N K D

7. Othe isks I additio to the afo e e tio ed isks, the e a e othe isks as o e pa ti ula l set out i the Te s a d Co ditio s asso iated ith ou pu hase, holdi g a d use of NKN, i ludi g those that the Fou datio a ot a ti ipate. Su h isks a fu the ate ialise as u a ti ipated a iatio s o o i atio s of the afo e e tio ed isks. You should o du t full due dilige e o the Fou datio , its affiliates a d the NKN tea , as ell as u de sta d the o e all f a e o k a d isio fo NKN p io to pu hasi g NKN toke . Fu the i fo atio upo e uest at: o ta [email protected] k .org NKN offi ial ha els: Offi ial We site: https:// . k .o g Teleg a Co u it : https://t. e/ k o g Fa e ook: https:// .fa e ook. o / e ki dof et o k/ T itte : https://t itte . o /NKN_ORG Refere es [1] Ga t e I ., Ga t e Sa s Glo al IT Spe di g to Rea h $ . T illio i , Ga t e P ess, O t . [2] Satoshi Naka oto, Bit oi : A Pee -to -Pee Ele t o i Cash S ste , . [3] Vitalik Bute i , Ethe eu White Pape : a Ne t Ge e atio S a t Co t a t & De e t alised Appli atio , . [4] Jua Be et, IPFS - Co te t Add essed, Ve sio ed, P P File S ste , Jul . [5] P oto ol La s, File oi : A De e t alised Sto age Net o k, Aug, . [6] Wolf a , Stephe , "Statisti al Me ha i s of Cellula Auto ata," Re ie s of Mode Ph si s. : ., . [7] Wolf a , Stephe , A Ne Ki d of S ie e , Wolf a Media, . [8] Cook, Matthe , "U i e salit i Ele e ta Cellula Auto ata," Co ple S ste s. ., . -