Nework: An Incentive Platform Connecting Human Work Skills via Blockchain
The Nework whitepaper was published in 2018 by the Nework Foundation and its core team, aiming to respond to the rapid rise of the global individual business economy and propose a new solution to fully unleash global individual productivity.
The theme of the Nework whitepaper is “an incentive platform connecting human work skills based on blockchain technology.” What makes Nework unique is its proposal and construction of an incentive mechanism based on Ethereum-issued NKC (Nework Coin), and the introduction of its proprietary POMt algorithm to measure and distribute user value, thereby enabling effective connection and transaction of individual work skills. The significance of Nework lies in laying a decentralized foundation for the individual business transaction sector, aiming to become the “Alibaba” of this field and significantly boost individual productivity and ecosystem growth.
Nework’s original intention is to build an open and efficient platform to address the connection and incentive issues faced by individual workers in the global economy. The core viewpoint articulated in the Nework whitepaper is: by building an incentive platform with blockchain technology and using NKC as the ecosystem token, combined with its unique POMt algorithm, it aims to effectively connect individual work skills, unleash global individual productivity, and achieve decentralized individual business transactions and ecosystem growth.
Nework whitepaper summary
What is Nework
Friends, imagine a platform like this: you have a skill, such as painting, programming, or event organizing; and someone else happens to need these skills for their project. Nework (abbreviated as NKC) is like a digital “skills exchange marketplace”, a blockchain-based incentive platform designed to connect people’s work skills.
On this platform, everyone can become an “individual business node” and easily participate in various tasks and jobs. For example, you can post a task requirement, or claim and accept tasks posted by others. What’s more interesting is that even if you’re just a “spectator,” you can earn token rewards from Nework’s reward pool simply by liking or sharing to contribute positive energy. In short, it aims to use blockchain technology to ensure your time and skills are fairly valued and incentivized.
Project Vision and Value Proposition
Nework’s vision is to build a decentralized skill collaboration ecosystem. It seeks to address issues in traditional work models such as information asymmetry, high trust costs, and unfair value distribution. Leveraging the transparency and immutability of blockchain, Nework is committed to establishing a fairer, more efficient, and trustworthy bridge between skill providers and those in need.
Its core value propositions include:
- Direct connection between skills and value: Enables skilled individuals to directly provide services to those who need them, reducing intermediaries.
- Contribution equals reward: Not only for completing tasks, but also for positive actions like liking and sharing, encouraging community growth.
- Trust mechanism: Through its unique “Mission trust” and POMt algorithm, it provides a basis for measuring the value and rights of users and on-chain companies, ensuring contributions are recognized.
Technical Features
The technical core of Nework lies in its use of blockchain underlying technology. It writes transaction information, user data, contract details, and ecosystem rules into the blockchain to drive the value flow of the entire Nework ecosystem. This approach ensures data transparency, security, and immutability—like a public ledger that cannot be arbitrarily altered.
Additionally, Nework introduces a unique mechanism called the POMt algorithm. This algorithm measures the “mission trust” value of users and on-chain companies, and establishes the NEWs distribution mechanism based on this. The reward pool calculates and allocates NKC tokens to users’ wallets according to this “mission trust” value. You can think of this algorithm as Nework’s internal “credit scoring system”—the better your contribution and performance, the higher your trust value, and the more incentives you may receive.
Tokenomics
The native token of the Nework project is NKC.
Basic Token Information
- Token symbol: NKC
- Issuing chain: Nework token (NKC) runs on the Ethereum platform.
- Total supply: The total supply of NKC is 1,000,000,000 tokens.
- Current and future circulation: According to self-reported data from the project team, the current circulating supply of NKC is 0 tokens, with a market cap of $0. The CoinMarketCap team also notes that they have not verified the circulating supply and have marked it as “untracked,” possibly due to project inactivity or insufficient data.
Token Utility
NKC tokens play multiple roles within the Nework ecosystem:
- Incentive rewards: Users can earn NKC token incentives from the Nework reward pool by participating in work, liking, sharing, and other contribution activities on the platform.
- Advertising purchases: The Nework platform offers an advertising center where on-chain companies can purchase ad slots with NKC tokens, and external companies can buy with cash.
Inflation/Burn, Distribution & Unlock Information
Details regarding NKC token inflation, burn mechanisms, specific distribution ratios, and unlock plans have not been clearly mentioned in currently available public information.
Team, Governance & Funding
Currently available public information does not clearly mention details about Nework’s core team members, team characteristics, specific governance mechanisms (such as decision-making processes and community participation), or the size and runway of the project treasury.
Roadmap
In the currently available public information, Nework’s detailed roadmap—including key historical milestones and events, as well as future plans and timelines—has not been clearly mentioned.
Common Risk Reminders
Investing in any blockchain project comes with risks, and Nework is no exception. Here are some common risks for your reference; this is not investment advice:
Technical & Security Risks
- Smart contract vulnerabilities: Blockchain projects typically rely on smart contracts, and if the contract code has vulnerabilities, it may lead to asset loss or system attacks.
- Platform stability: As a platform connecting skills, its stability and user experience are crucial; technical failures may affect user participation.
- Uncertainty in blockchain technology development: Blockchain technology is still evolving rapidly, and future iterations may bring compatibility or upgrade risks.
Economic Risks
- Token price volatility: The price of NKC tokens is affected by market supply and demand, project development, macroeconomics, and other factors, and may fluctuate sharply or even go to zero.
- Liquidity risk: If token trading volume is insufficient, users may find it difficult to buy or sell NKC at desired prices.
- Project inactivity/untracked: NKC is currently marked as “untracked” with a circulating supply of 0, which may indicate low project activity and risks of stagnation or failure.
Compliance & Operational Risks
- Regulatory policy changes: Global regulations on cryptocurrencies and blockchain projects are still unclear and constantly changing, which may significantly impact project operations.
- Market competition: There may be fierce competition among similar skill-sharing or decentralized work platforms, and it is uncertain whether Nework can stand out.
- User adoption: The project’s success largely depends on adoption and activity by users (skill providers and demanders); if it fails to attract enough users, the ecosystem may struggle to establish itself.
Verification Checklist
When researching any blockchain project in depth, here are some key pieces of information you can verify yourself:
- Block explorer contract address: The contract address for NKC tokens is
0x5a1a...876df6, and you can check its transaction records and holder information on Etherscan or other Ethereum block explorers.
- GitHub activity: Check the project’s codebase activity on GitHub, including code update frequency, commit history, and developer community participation, which reflects development progress and transparency. Currently available information does not mention GitHub details.
- Official community and social media: Follow Nework’s official website, forums, Twitter, Telegram, and other social media channels to stay updated on project news and community discussions.
- Audit reports: Check whether the project’s smart contracts have undergone third-party security audits; audit reports can assess contract security. Currently available information does not mention audit reports.
Project Summary
Nework (NKC) is a blockchain-based incentive platform designed to connect human work skills, offering task posting, claiming, and community interactions (such as liking and sharing) to reward participants with NKC tokens. Its core concept is to use blockchain’s transparency and trust mechanisms to build a fairer, more efficient skills exchange marketplace. As the ecosystem’s core, NKC tokens are used not only for incentives but also for advertising purchases and other functions.
However, it should be noted that Nework is currently marked as “untracked” on CoinMarketCap and BitDegree, with a self-reported circulating supply of 0. This may indicate low project activity or incomplete data disclosure. Additionally, information on team members, governance mechanisms, detailed roadmap, and key token details such as inflation/burn is relatively lacking in existing public sources.
Overall, Nework presents an interesting concept for using blockchain to address skill collaboration and value distribution. But before considering any form of participation, given its current transparency and activity status, you are strongly advised to conduct thorough independent research (DYOR - Do Your Own Research) and be clearly aware of potential technical, economic, and operational risks. Remember, the above content is for informational sharing only and does not constitute any investment advice.