2.99% of CKB Tokens Will Be Unlocked on November 16th

Nervos Network will unlock 1,340,000,000 CKB tokens on November 16th, constituting approximately 2.99% of the currently circulating supply.

CKB Info

Nervos Network is an open blockchain platform and a set of open-source protocols designed to support decentralized applications and cryptocurrencies.

Nervos aims to address the scalability problem, which is a major concern for most blockchain platforms. The project employs a layered architecture, where the CKB layer provides maximum security and decentralization, while the second layer is used for scaling and processing high volumes of transactions.

The native token is CKB (Common Knowledge Byte), serves as a representation of stored space and computational resources within the blockchain. The token can be utilized as a means of payment for block rewards, staking rewards, and transaction fees.