2017 was all about hype, 2018 was the year of development, and 2019 has been about building the foundation for adoption. Projects working to address real market needs, have been launching their mainnets, integrating solutions with partners and rolling out updates.
NKN has been doing just that. The decentralized solution for content delivery networks raised ~$27.03M during its 2018 ICO, but has been in the shadows for much of the crypto winter. However, as the second half of 2019 has come about, the market has started to see tangible progress.
NKN successful launched its mainnet, and quietly surpassed Bitcoin in terms of the number of network nodes.
The project is working on partnerships and meaningful use cases, while continuing to develop its suite of products.
With the need for content delivery growing, NKN offers a secure and efficient solution together with an incentive model to remove economic inefficiencies that are affecting the space today.
NKN has a target market, a specific solution, and a demonstrated track record of delivering on project milestones. This indicates a solid chance that the project can continue growing and developing its ecosystem.
Given the low level of competition in this particular segment, NKN has an opportunity to realize its potential and become a real gem.Read full report
Twice a month Pick Of The Month buy recommendations from SIMETRI Premium
Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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