Hello NKOR community! You got a question? We gathered all the frequently asked questions and their answers in one place, just to make it easy for you.
What is NKOR?
The company develops a decentralized platform that utilizes the blockchain technology to create an autonomous, next generation marketplace for intellectual property (IP) and copyright distribution, enabling content creators to manage their creative work as a secure digital asset.
How does it work?
The novel technology at the core of the ecosystem authenticates data that is uploaded to the platform, which is then linked to a transaction on a blockchain via smart contracts, timestamps it to provide an immutable and publicly readable record of the time receiving or creating or changing of digital data or digital content, and keeps track on uploading and sharing of the same data by other entities to prevent plagiarism.
Why “NKOR”?
The process of data authentication, its timestamping and cementing into a blockchain via smart contracts is called Anchoring, hence — the NKOR ecosystem.
What is TGE?
Token generation event.
When is the TGE?
3.3–2.4/18 (Dates might change)
Token allocation:
We will issue 200M NKR tokens, 20% are allocated for TGE(4M).
Another 15% is reserved for the community (bounties, special offers and any other future opportunity to grow and reward our community).
Hard cap and low cap (in other words- how much we want to raise)
- Hard cap: 25,000 ETH
- Soft cap: 2,500 ETH
Price?
ETH/NKR ratio would be 1 ETH = 1,600 NKR
Which payment methods are accepted?
- During pre-sale we accept FIAT (USD / EUR), ETH and BTC.
- During TGE we accept ETH or BTC.
When will the contributors get their tokens?
- If the tokens were bought prior/during TGE- they should be sent once TGE ends (A delay is always an option, but should be on time).
- Know this- if paid with Ethereum, it will happen automatically (smart contracts). If you used another currency- manually, so might take some more time.
Which wallets are acceptable?
Every erc20 wallet (like MyEtherWallet, Exodus…)
What is the purpose of the token and what advantages does it provide to its future holders?
- The NKR token is the main driver behind the activities of the NKOR ecosystem, and the participation in all components of the ecosystem will be done exclusively with it.
- NKR offers a convenient way to execute purchases, micropayments, donations, registration and protection of digitally created content.
- NKR serves as the basis of interoperability with other digital services.
- Enables access to the copyright management toolkit.
- Allow creation of public versions of content for purchasing
- Track content usage as it spreads across the ecosystem and verify licensing rights
- Grant access to Smart contracts
- Perform content analysis, comparison, and index hashing
- Change ownership of content and its status (private/public)
