What is NDN Link (NDN)? Complete focus on virtual currencies NDN

By F | Coins & Tokens

NDN Link (NDN)

The IEO has always been a lucrative opportunity for crypto investors today. Today, let's find out the details of the NDN Link (NDN) - 13th IEO project on OKEx Jumpstart.

According to the definition of the project

NDN Link is a centralized network for organizing information. The project uses the Naming Data Network (NDN) protocol to build a modern network technology. To focus on content with a mission to promote the development of next-generation Internet applications and services.

According to the definition of Coin98

NDN Link platform allows users to use the Internet effectively and safely. The project is built on a combination of NDN and protocol blockchain technology.

The lower part I will explain more about this combination.

What does NDN Link (NDN) solve?

It can be said that the Internet is indispensable in the daily life of people. We use it for a few hours a day to serve our needs: Business, education or just for fun.

However, users almost never care about Internet safety. They believe blindly in the larger brands rather than in the technology behind it.

The evidence is that there are many famous names in hacks in the past decade such as Amazon, Yahoo, Facebook, Google, Apple, NASA, eBay ... leading to many great losses for the company and users.

Some issues that NDN Link wants to solve:

  • Data access: With current technology, it is extremely difficult to find lost data of users.
  • Concentrate: Services, companies, and users are now dependent on a centralized data storage service on a server. From there, hackers can gain access and steal all information.
  • Content delivery: Content producers are dependent on platforms like Youtube, Facebook ... they are limited to the amount of money they earn and content can be taken down at any time.
  • Data transmission: Most current platforms transmit data using the IP protocol. IP protocol works from server to network devices. This brings server dependency. If the server goes down or hacked, then the platform will have a problem.

How does NDN Link (NDN) solve the problem?

To protect users and content producers, the project development team came up with a solution using NDN Link technology.

NDN Link is created from a combination of Naming Data Network (NDN) protocol and blockchain technology.

  • Data stored on the blockchain network cannot be modified and cannot be stolen, users can retrieve their data. Data can be videos, photos, articles, files ...
  • With blockchain technology, data can be anywhere on the network, not just on the server. This eliminates the current focus.
  • With NDN Link, content produced on the Internet will be encrypted for enhanced security. At the same time, the production content will be stored on the blockchain, no one has access to take it down. In this way, producers will have full control of their content. Content will be valued by the market.
  • NDN Link eliminates the concept of transmitting data by location of IP address. Data will be named and encrypted by signature. Users who want to access need to have the correct and signed data file name.

What is NDN Link (NDN)?

NDN is a token operating in the network of NDN Link. NDN is developed on the blockchain platform of Ethereum according to ERC-20 standard.

NDN was released to the market through Private Sale held in April 04.

Basic information about NDN Link (NDN)

  • Ticker: NDN
  • Contract: 0x6ec47a178a9d50d4ec4683003d8324f19ca35382
  • Decimal: 18
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Token type: Utility Token
  • Total Supply: 5,000,000,000 NDN
  • Circulating Supply: Updating

Token Allocation NDN

With a fixed supply of 5 billion tokens, NDN is distributed by the development team into five parts with the following ratio:

  • 1.73 billion tokens are set aside for the Foundation.
  • 1.5 billion tokens are used to contribute to industry (Industry Contribution).
  • 1 billion tokens are used to contribute to Ecological Contribution.
  • 400 million tokens are held by Team.
  • 366 million tokens used to raise funds (Fund Raising).

NDN Sale Token

NDN Link (NDN) was issued through the following two crowdfunding calls:

Private Sale

The project held the token sale in April 04.

ICO price: 1 NDN = $ 0.02.

The project sold out 366,666,667 tokens and collected $ 7,333,333.

Jumpstart Sale

The project organizes the token sale on OKEx Jumpstart platform in a single day 20/05/2020.

IEO price: 1 NDN = $ 0.006.

The total number of tokens that will be sold is 333,333,334 NDN.

The project is expected to raise $ 2 million.

How to buy NDN Link (NDN) on Jumpstart

OKEx Jumpstart will host IEO on May 20, 05.

Conditions for joining IEO on Jumpstart:

  • Average number of OKBs held for 5 days ≥ 100 OKB.
  • Pass KYC level 2.

The number of NDN tokens an account can buy in IEO:

  • Minimum: 50,000 yuan
  • Maximum: 670,000 NDN

For more information, please refer to the link below: https://okexsupport.zendesk.com/hc/en-us/articles/360042732312

Token Release Schedule NDN

Below are details on the NDN token unlock schedule for the sections:

  • Team: Released linearly within 6 years after launch mainnet.
  • Foundation: Will be released below 10% annually until the end.
  • Industry Contribution: 4 months later, the issue depends on the business needs.
  • Ecological Contribution: 3 months later, the issue depends on the business needs.
  • Fund Raising: Linear release within 3 months after listing.

NDN Link exchange rate (NDN) today

What is the NDN Link (NDN) used for?

At the moment, NDN tokens are used for two main purposes:

Payment

  • Users use the NDN token to pay for data storage and retrieval.
  • Viewers pay NDN tokens to content producers.
  • Users use the NDN token to pay for nodes in the network. These nodes play a role in accessing data and protecting users when they access the Internet.

For example:

When users access applications such as Messenger, Viber, Facebook, WeChat, Telegram ... The content they chat will be controlled by a company behind the application. Users only need to use an instant messenger based on NDN Link, so that the message will go straight to the opponent without being controlled.

Reward

The NDN token is used to reward nodes in the NDN Link network.

How to earn NDN Link (NDN) tokens?

At the moment, the only way to own the NDN token is to participate IEO on the OKEx Jumpstart platform as I mentioned above.

NDN Link storage wallet (NDN)

NDN Link (NDN) is an ERC-20 token, so you can store it on wallets that support this standard of Ethereum such as:

  • Myetherwallet wallet: Mycrypto, Metamask.
  • Hard wallets: Ledger Nano S, Ledger NanoX, TreZor, imToken.
  • Application: Trust wallet, Cobo Wallet, Atomic Wallet.

In addition, you can store on the PRESTIGE exchanges that support NDN listing.

NDN Link support trading platform (NDN)

To date, the NDN Link (NDN) tokens have not been traded on any exchanges since the launch of the ICO.

NDN token will be listed on OKEx after finishing IEO on OKEx Jumpstart platform.

The future of NDN Link (NDN)

Market potential

According to statistics, the total size of the Internet market in 2020 will reach 457.29 billion dollars.

Competitors

The Internet is a lucrative piece of cake, NDN Link will face competition from big players in the field of data storage such as Google, iCloud, Microsoft, OneDrive ...

Should we invest in NDN Link (NDN)?

I believe that you have also grasped the basic and necessary information about the NDN Link (NDN) after reading this paragraph.

I will note some main ideas for you to easily make investment decisions.

Roadmap

The project still has no specific roadmap for upcoming goals. Below is the route from the project launch to the present.

In 2010, the NDN project received support from the US National Nature Fund.

In 2019, NDN Link was established, releasing NDN Link whitepaper.

Four stages in the future of the project:

  • Phase 1: CHRONO _ Launch of Testnet.
  • Stage 2: GAEA _ Activate the Mainnet.
  • Stage 3: URANUS _ Implementing a consensus algorithm for data mining.
  • Stage 4: TITANS _ Connecting NDN to other networks through layer 2 links.

Partners

To date, many universities, companies and organizations have participated worldwide. Currently, NDN Link has 13 learning partners, 8 colleges and 7 companies.


Application

NDN Link is applied to data security, data retrieval as well as information distribution on the Internet.

Token

NDN is Utility token used for the following purposes: payment, reward.

summary

Hopefully, my last post helped you to have a better overview of the NDN Link project as well as the NDN token.

And what do you think about the coin after this article? Please share your opinion in the comment section or inside Coin98 Finance.

Hello and see you again in the following article.

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