What is Koinos?

Koinos

#866
$KOIN

What is Koinos (KOIN)?

Koinos is a developer centric open source project that leverages blockchain technology to provide a robust smart contract platform where holders have ownership over the network. Originally conc... Read more

What is Koinos (KOIN)?

Koinos is a developer centric open source project that leverages blockchain technology to provide a robust smart contract platform where holders have ownership over the network. Originally conceived in 2020, Koinos was officially launched November 5th, 2022 by Koinos Group, a US company.

To learn more about this project, check out koinos.io.

Unlike other blockchains, on Koinos holding $KOIN gives you the right to utilize a portion of the network without sacrificing your cryptocurrency to transaction fees. Rather than paying a transaction fee, your $KOIN is temporarily locked and gradually unlocked over time. This mechanism is referred to as mana because it mimics the user experience of a video game. You can learn more about mana on the official documentation.

The Koinos protocol is designed to facilitate decentralized app (DApp) creation and it aims to improve decentralization by introducing a Proof-of-Burn (PoB) consensus algorithm. Learn more about Proof-of-Burn on the official documentation.

Because of its innovative resource management, Koinos enjoys interest from Web3 enthusiasts seeking the next generation of blockchain user experience (UX). A significant focus for the Koinos network is to bring a Web 2.0 experience to Web3.

What makes Koinos unique?

The Koinos blockchain has several features that differentiate it from other smart contract platforms. These include forkless upgrades, the mana system, smart wallet support and the Proof-of-Burn consensus algorithm.

Because the core business logic of Koinos is implemented via smart contracts, core functionality can be upgraded without the use of hard forks. While hard forks may be necessary to fix critical bugs or improve performance, many enhancements can be achieved simply through replacing smart contracts and a vote in governance. This allows Koinos to evolve at a more rapid rate than other blockchains. You can learn more about forkless upgrades and the governance system on the official documentation overview.

Koinos handles resources differently than other blockchains. Holding $KOIN grants access to a portion of the network. While most other blockchains have transaction fees, Koinos allows the user to pay in time. The more $KOIN the user holds, the more network the user has access to and the faster their mana pool regenerates. Learn more about mana on the official documentation overview.

On Koinos there is no difference between an account and a smart contract. Every account can also have a smart contract associated with it. Because an account is no different than a smart contract, account abstraction is baked into the protocol. It is no longer necessary to work solely with a private/public key pairing. Instead, Koinos features a turing complete authority system which allows for unlimited possibilities of smart contract upgrades, transaction payment handling, and contract calls. Learn more about authorities on the official documentation for developers.

The Proof-of-Burn (PoB) consensus is not well known but offers a variety of advantages of the traditional Proof-of-Stake (PoS) and Proof-of-Work (PoW) algorithms. Miners are virtualized on-chain leveling the playing field no matter the electricity costs of your local jurisdiction. This promotes decentralization as mining operations do not need to consolidate around locales with economic electricity costs. In addition, Proof-of-Burn solves the issue of consolidating stake on Centralized Exchanges (CEX) because the cryptocurrency must be burned in order to produce blocks or affect governance. Learn more about the novel Proof-of-Burn implementation on the official documentation overview.

How many $KOIN are in circulation?

Koinos was completely fair-launched, just like Bitcoin. It was originally Proof-of-Work mined into existence on the Ethereum blockchain in order to bootstrap the initial supply. Over the course of a year, approximately 100 million $KOIN were mined and used to establish the initial balances of the blockchain upon launch.

After the mainnet launch on November 5th, 2022 the chain was in-band upgraded from federated to Proof-of-Burn and $KOIN was burnt in exchange for virtual hashpower to secure the network. Because $KOIN is constantly being burned in order to secure the network, the supply is dynamic so you should check popular block explorers like Koiner for precise numbers.

The supply can be most simply described as 100 million with 2% inflation annually and target burn of 50%. This is an oversimplification but you can learn more about the tokenomics on the official documentation overview.

How is the Koinos network secured?

The Koinos network is secured through the innovative Proof-of-Burn (PoB) consensus algorithm.

Block producers burn their $KOIN and receive Virtual Hash Power (VHP) in return. This can be thought of exactly like hash power on Proof-of-Work (PoW) chains. The more hash power you have, the more likely you are to produce a valid block. It’s as simple as that. The details of the implementation can be found by reading the Proof-of-Burn on the official documentation architecture section.

24H Price

$0.303068

4.12%

Explore Koinos

Sectors:
3 New Partnerships (Last 90d)
Partner: @BingXOfficial - Empowering Traders. Elevate your crypto trading game at BingX. Official cryptocurrency partner of @[...]
Announcement Date: 2024-07-18
Followers: 556,203

Koinos is now listed on a top 15 exchange: @BingXOfficial! Read more about the listing: https://t.co/W6fJZ5dR3y
Go To Tweet →
Partner: @kondorwallet - Browser wallet for Koinos Blockchain
Announcement Date: 2024-05-29
Followers: 386

Koinos Talks May Update: ETH Bridge, Exchange listing and more! Sell in May and Go Away? Not for Koinos! This months' update includes the much anticipated Koinos<,->, Ethereum Native Bridge @vortexbridge, exchange updates including @lcx and @kondorwallet's hottest update! https://t.co/5HDMKiO8[...]
Go To Tweet →
Partner: @lcx - Next Generation Crypto Exchange. Regulated. Trusted. Liechtenstein. Compliant Launchpad. Tokenized B[...]
Announcement Date: 2024-05-27
Followers: 109,873

RT @lcx: 📢New Token Listing Update $KOIN ( @koinosnetwork) will be listed on the LCX Exchange 👉Deposits are open: https://t.co/osyNv9WLs…
Go To Tweet →
666.46K Followers
B 85
Follower
35.44K (#1820)
0.14% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
527 (#661)
0.19% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
8.25K (#1115)
0.01% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
12.09K (#1411)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Neutral

💥 Rapid Growth

The community is experiencing rapid growth.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

🎁 Recent Giveaway Impact

Current boost in engagement might be due to a recent giveaway. This could be temporary and not indicate sustainable growth.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Overview

Market Cap

$1.94T

4.12%
Large Cap

Price

$1.94T

4.12%
Stable

Volume

$1.94T

4.12%
Highest

Community

$1.94T

4.12%
Rapid Growth

Marketing Activity

5/10

4.12%
High

Developer Activity

3/10

4.12%
Low
Development 24h 7d 14d 30d
Price 4.12% 14.34% 26.88% 2.44%
Follower 0% 0.14% 0.74% 0.36%

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.303068

4.12%

$0.303068

4.12%
Dec 05 2024
Dec 05 2024
B 85
Follower
35.44K (#1820)
0.14% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
527 (#661)
0.19% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
8.25K (#1115)
0.01% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
12.09K (#1411)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Neutral

💥 Rapid Growth

The community is experiencing rapid growth.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

🎁 Recent Giveaway Impact

Current boost in engagement might be due to a recent giveaway. This could be temporary and not indicate sustainable growth.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Channels

Twitter @koinosnetwork
#2197
Follower
14,574
0.03%
Coingecko @Koinos (KOIN)
#1115
Follower
8,248
0.03%
Reddit @Koinos
#661
Follower
527
0.03%

Daily Social Panel

@koinosnetwork

2024-07-26 20:24
RT @PlanetKoinos: 👨🏻‍🚀🙌🏻 join #Koinos AMA and ask your burning (yeah i know… proo... RT @PlanetKoinos: 👨🏻‍🚀🙌🏻 join #Koinos AMA and ask your burning (yeah i know… proof of burn joke) questions to the $KOIN team. Even earn so…

1
Score 30

Latest Partnerships

Last 90 days

@BingXOfficial

556.20K Followers

Announcement

2024-07-18

@kondorwallet

386 Followers

Announcement

2024-05-29

@lcx

109.87K Followers

Announcement

2024-05-27

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Koinos

#866
$KOIN

What is Koinos (KOIN)?

Koinos is a developer centric open source project that leverages blockchain technology to provide a robust smart contract platform where holders have ownership over the network. Originally conc... Read more

What is Koinos (KOIN)?

Koinos is a developer centric open source project that leverages blockchain technology to provide a robust smart contract platform where holders have ownership over the network. Originally conceived in 2020, Koinos was officially launched November 5th, 2022 by Koinos Group, a US company.

To learn more about this project, check out koinos.io.

Unlike other blockchains, on Koinos holding $KOIN gives you the right to utilize a portion of the network without sacrificing your cryptocurrency to transaction fees. Rather than paying a transaction fee, your $KOIN is temporarily locked and gradually unlocked over time. This mechanism is referred to as mana because it mimics the user experience of a video game. You can learn more about mana on the official documentation.

The Koinos protocol is designed to facilitate decentralized app (DApp) creation and it aims to improve decentralization by introducing a Proof-of-Burn (PoB) consensus algorithm. Learn more about Proof-of-Burn on the official documentation.

Because of its innovative resource management, Koinos enjoys interest from Web3 enthusiasts seeking the next generation of blockchain user experience (UX). A significant focus for the Koinos network is to bring a Web 2.0 experience to Web3.

What makes Koinos unique?

The Koinos blockchain has several features that differentiate it from other smart contract platforms. These include forkless upgrades, the mana system, smart wallet support and the Proof-of-Burn consensus algorithm.

Because the core business logic of Koinos is implemented via smart contracts, core functionality can be upgraded without the use of hard forks. While hard forks may be necessary to fix critical bugs or improve performance, many enhancements can be achieved simply through replacing smart contracts and a vote in governance. This allows Koinos to evolve at a more rapid rate than other blockchains. You can learn more about forkless upgrades and the governance system on the official documentation overview.

Koinos handles resources differently than other blockchains. Holding $KOIN grants access to a portion of the network. While most other blockchains have transaction fees, Koinos allows the user to pay in time. The more $KOIN the user holds, the more network the user has access to and the faster their mana pool regenerates. Learn more about mana on the official documentation overview.

On Koinos there is no difference between an account and a smart contract. Every account can also have a smart contract associated with it. Because an account is no different than a smart contract, account abstraction is baked into the protocol. It is no longer necessary to work solely with a private/public key pairing. Instead, Koinos features a turing complete authority system which allows for unlimited possibilities of smart contract upgrades, transaction payment handling, and contract calls. Learn more about authorities on the official documentation for developers.

The Proof-of-Burn (PoB) consensus is not well known but offers a variety of advantages of the traditional Proof-of-Stake (PoS) and Proof-of-Work (PoW) algorithms. Miners are virtualized on-chain leveling the playing field no matter the electricity costs of your local jurisdiction. This promotes decentralization as mining operations do not need to consolidate around locales with economic electricity costs. In addition, Proof-of-Burn solves the issue of consolidating stake on Centralized Exchanges (CEX) because the cryptocurrency must be burned in order to produce blocks or affect governance. Learn more about the novel Proof-of-Burn implementation on the official documentation overview.

How many $KOIN are in circulation?

Koinos was completely fair-launched, just like Bitcoin. It was originally Proof-of-Work mined into existence on the Ethereum blockchain in order to bootstrap the initial supply. Over the course of a year, approximately 100 million $KOIN were mined and used to establish the initial balances of the blockchain upon launch.

After the mainnet launch on November 5th, 2022 the chain was in-band upgraded from federated to Proof-of-Burn and $KOIN was burnt in exchange for virtual hashpower to secure the network. Because $KOIN is constantly being burned in order to secure the network, the supply is dynamic so you should check popular block explorers like Koiner for precise numbers.

The supply can be most simply described as 100 million with 2% inflation annually and target burn of 50%. This is an oversimplification but you can learn more about the tokenomics on the official documentation overview.

How is the Koinos network secured?

The Koinos network is secured through the innovative Proof-of-Burn (PoB) consensus algorithm.

Block producers burn their $KOIN and receive Virtual Hash Power (VHP) in return. This can be thought of exactly like hash power on Proof-of-Work (PoW) chains. The more hash power you have, the more likely you are to produce a valid block. It’s as simple as that. The details of the implementation can be found by reading the Proof-of-Burn on the official documentation architecture section.

24H Price

$0.303068

4.12%

Explore Koinos

Sectors:
3 New Partnerships (Last 90d)
Partner: @BingXOfficial - Empowering Traders. Elevate your crypto trading game at BingX. Official cryptocurrency partner of @[...]
Announcement Date: 2024-07-18
Followers: 556,203

Koinos is now listed on a top 15 exchange: @BingXOfficial! Read more about the listing: https://t.co/W6fJZ5dR3y
Go To Tweet →
Partner: @kondorwallet - Browser wallet for Koinos Blockchain
Announcement Date: 2024-05-29
Followers: 386

Koinos Talks May Update: ETH Bridge, Exchange listing and more! Sell in May and Go Away? Not for Koinos! This months' update includes the much anticipated Koinos<,->, Ethereum Native Bridge @vortexbridge, exchange updates including @lcx and @kondorwallet's hottest update! https://t.co/5HDMKiO8[...]
Go To Tweet →
Partner: @lcx - Next Generation Crypto Exchange. Regulated. Trusted. Liechtenstein. Compliant Launchpad. Tokenized B[...]
Announcement Date: 2024-05-27
Followers: 109,873

RT @lcx: 📢New Token Listing Update $KOIN ( @koinosnetwork) will be listed on the LCX Exchange 👉Deposits are open: https://t.co/osyNv9WLs…
Go To Tweet →
666.46K Followers
B 85
Follower
35.44K (#1820)
0.14% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
527 (#661)
0.19% 7D
Activity
0/100
3% 7D
Sentiment
Neutral
Follower
8.25K (#1115)
0.01% 7D
Activity
8/100
3% 7D
Sentiment
Neutral
Follower
12.09K (#1411)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Neutral

💥 Rapid Growth

The community is experiencing rapid growth.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

🎁 Recent Giveaway Impact

Current boost in engagement might be due to a recent giveaway. This could be temporary and not indicate sustainable growth.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.303068

4.12%

$0.303068

4.12%
Dec 05 2024
Dec 05 2024

Overview

Market Cap

$1.94T

4.12%
Large Cap

Price

$1.94T

4.12%
Stable

Volume

$1.94T

4.12%
Highest

Community

$1.94T

4.12%
Rapid Growth

Marketing Activity

5/10

4.12%
High

Developer Activity

3/10

4.12%
Low
Development 24h 7d 14d 30d
Price 4.12% 14.34% 26.88% 2.44%
Follower 0% 0.14% 0.74% 0.36%

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Frequently Asked Questions

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.

1) Coindive is your ultimate guide to navigating the vast and enigmatic ocean of cryptocurrencies. Like the ever-changing seas, the crypto market is often turbulent, unpredictable, and brimming with uncharted territories. It can be stormy, tranquil, crystal-clear, or shrouded in murkiness, but beneath the surface lies a captivating world of hidden gems and treasures.

2) At Coindive, we believe that the deeper you delve into the crypto realm, the more you'll uncover its inherent beauty, serenity, and potential. Our dedicated community and advanced market tracking tools will help you chart a course through the wild waves and currents of the digital currency landscape, ensuring that you remain informed and equipped to make the best decisions possible.

Coindive tracks over 8,163 channels daily across Discord, Telegram, Twitter, Reddit, CoinMarketCap and Coingecko to collect data like follower counts, every text based data and every form of reactions to evaluate the attributes of the community by our unique metrics. Find out more about each metric in the section “Metrics” below.

Coindive offers a dashboard with top-performing coin metrics and recent trends, as well as a rankings page to explore the top 3000 cryptocurrencies based on various metrics. Its keyword explorer helps users identify coins related to specific trends, events, or discussions, while the coin pages offer in-depth analysis of individual cryptocurrencies' community and market data. Users can create a watchlist to monitor their favorite coins closely and receive customized alerts tailored to their investment interests. Coindive's personalized Watchlist Summary Report is AI-based and tailored to each user's knowledge level. Coindive alerts users whenever something unusual happens within the community or market, allowing for proactive portfolio management.

Coindive's target audience includes crypto investors of all types who want to stay informed about their investments, save time while keeping track of their portfolio, and consider community strengths as decision-making characteristics of their investments. The platform is designed for users who wish to quickly assess the performance of various cryptocurrencies, monitor significant events, and evaluate the overall health of communities behind different coins. Coindive caters to both long-term and short-term investors, offering valuable insights for effective decision-makin

Coindive offers a comprehensive free package with access to all of its features with just some limitations compared to the higher tier packages. A Premium Plan is available for users who want to access more alerts and additional benefits like ad-free experience and faster data refresh rates.

Latest Partnerships

Last 90 days

@BingXOfficial

556.20K Followers

Announcement

2024-07-18

@kondorwallet

386 Followers

Announcement

2024-05-29

@lcx

109.87K Followers

Announcement

2024-05-27

Daily Social Panel

@koinosnetwork

2024-07-26 20:24
RT @PlanetKoinos: 👨🏻‍🚀🙌🏻 join #Koinos AMA and ask your burning (yeah i know… proo... RT @PlanetKoinos: 👨🏻‍🚀🙌🏻 join #Koinos AMA and ask your burning (yeah i know… proof of burn joke) questions to the $KOIN team. Even earn so…

1
Score 30

Channels

Twitter @koinosnetwork
#2197
Follower
14,574
0.03%
Coingecko @Koinos (KOIN)
#1115
Follower
8,248
0.03%
Reddit @Koinos
#661
Follower
527
0.03%