A snapshot of the KOIN ERC-20 tokens was taken on October 31st 2022 in preparation for the Koinos main net launch on November 5th 2022. If you would like to claim your main net tokens, go here
A snapshot of the KOIN ERC-20 tokens was taken on October 31st 2022 in preparation for the Koinos main net launch on November 5th 2022. If you would like to claim your main net tokens, go here
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About Koinos
Koinos is the world’s first layer 1 blockchain that is both truly decentralized and truly free-to-use as a result of its innovative “Mana system” and Proof-of-Burn (PoB) consensus algorithm. Its infinite upgradability, microservice architecture and universal language support ensures that Koinos can rapidly upgrade to the latest innovative technology available. This ensures the best performance and scalability by future proofing the Koinos Blockchain Users who hold $KOIN directly or receive Mana through sharing can seamlessly access dApps and free transactions forever because of Mana’s regenerative property - a feature that is most easily comparable to a rechargeable battery.
About the team
The Koinos blockchain was built by Koinos Group whose mission is to make the world more open, transparent, and fair by accelerating decentralization through accessibility. Koinos Group is made up of the former developers of the Steem blockchain, a previous top 5 blockchain by marketcap. After Steemit Inc. was acquired by Tron, resulting in a community lead hard fork to become the Hive blockchain, the core team resigned and set out to solve the problem of blockchain decentralization and accessibility.
Unique Features
Koinos is both a general purpose blockchain like Ethereum and highly performant like Solana but unlike those blockchains, Koinos allows for free-to-use applications through their “Mana system”. Every $KOIN token contains the Mana property which allows the Koinos blockchain to automatically manage its resources, much like gas but without the loss of any tokens. The more $KOIN a user possesses, the more Mana they have and the more they can use the blockchain. Hold $KOIN, use blockchain, simple.
This means that a user doesn’t have any mental burden when using Koinos. Whether they are creating an NFT, transferring a token, or launching their own cryptocurrency, the transactions are always free.
Mana can also be shared, allowing token holders to cover the Mana cost of any user they wish, enabling the incredible user experience of “tokenless access”; where an ordinary person can use the blockchain without even having to acquire a token.
Koinos employs a new consensus algorithm called Proof-of-Burn which delivers decentralization comparable to PoW and efficiency equal to or greater than PoS. This is achieved by block producers (aka miners or validators) who burn their $KOIN which signals their commitment to securing the chain much like acquiring hardware in PoW and staking in PoS. In addition, burning the native token decreases the token supply giving token holders the ability to cause periods of deflation when necessary. Burned $KOIN results in the creation of Virtual Hash Power ($VHP), a fungible token that is used by Koinos’ built in Verifiable Randomness Function (VRF) to simulate the randomness of PoW mining. Proof of Burn ultimately replicates the economics of PoW and the efficiency of PoS
To future proof Koinos, all of its features are “infinitely upgradeable” (no hard forks required) through the simple act of uploading a smart contract containing the new features and performing an on-chain governance vote to enable it.
As a result of its “universal language support” newsmart contracts can be written in any major programming language that can compile to WASM bytecode. Currently the two most popular supported languages are C++ and TypeScript.
Tokenomics
PoW Fair Launch - 100% of tokens
No ICO, pre-mine, team allocation, VC or other private sales.
The live Koinos price today is $0.418704 USD with a 24-hour trading volume of $315,097 USD. We update our KOIN to USD price in real-time. Koinos is down 4.71% in the last 24 hours. The current CoinMarketCap ranking is #3316, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Koinos at the current rate, the top cryptocurrency exchanges for trading in Koinos stock are currently MEXC, and Coinstore. You can find others listed on our crypto exchanges page.