Koinos Distribution Report [15.11.2020]
A new blockchain project called Koinos launched on October 13th, 17:00 UTC.
Snapshot data has been taken from etherscan.io.
| Date | No. Addr. | Koin Mined per Week | Total Koin Mined |
|---|---|---|---|
| 18.10.2020 | 425 | 3'911'956 | 3'911'956 |
| 25.10.2020 | 502 | 4'745'598 | 8'357'554 |
| 01.11.2020 | 530 | 5'879'730 | 14'237'284 |
| 08.11.2020 | 567 | 6'810'864 | 21'048'148 |
| 15.11.2020 | 823 | 6'071'997 | 27'120'145 |
Number addresses holding Koin increased by 45% over the course of one week. Amount Koin mined grew by 29%.
Notes:
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The address currently ranked 5th, ...3e9b0..., is a Uniswap exchange account to facilitate an ETH/KOIN trading pair.
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The address currently ranked 15th, ...c2146..., is a Uniswap exchange account to facilitate an USDT/KOIN trading pair.
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Many mining enthusiasts are running more than one miner and might not consolidate all their mined tokens to a single address.
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Addresses truncated for readability.
@elontrades on twitter sent off a Tweet:
This Tweet coincided with massive price action and an influx of users on the Koinos Discord.
Sourche: Uniswap.org
Let's see how long it takes those big miners to satisfy the newly gained users. A few opportunistic traders jumped on the opportunity as well. This lead to a large volume spike on Uniswap.
Statistical Properties
| Date | Max | Mean | 75% | 50% | 25% |
|---|---|---|---|---|---|
| 18.10.2020 | 629361.01 | 86169.76 | 3789.62 | 1227.76 | 328.21 |
| 25.10.2020 | 685370.77 | 96329.41 | 6739.93 | 1744.09 | 402.09 |
| 01.11.2020 | 1000001.00 | 140954.10 | 12289.93 | 2065.30 | 513.07 |
| 08.11.2020 | 1000001.0 | 145864.95 | 21161.01 | 2546.69 | 533.36 |
| 15.11.2020 | 1000001.0 | 143624.49 | 19927.97 | 3266.36 | 668.16 |
75% = 3rd quartile, 50% = median, 25% = 1st quartile.
The extremely large difference between mean and median balance also shows a strong concentration of assets.
Gini Coefficient
As a better measure of distribution, and subsequent changes over time, we can take a look at the Gini coefficient. It is intended as a tool to measure wealth inequality within nations or other groupings. A coefficient of 0 equals a perfect equitable distribution, a value of 1 signifies maximal inequality.
The current data set yields a coefficient of 0.795, signifying a very top heavy distribution. Unchanged from the previous week.
Herfindahl-Hirshman Index
The Herfindahl–Hirschman Index (HHI) is a measure of industry concentration or competitiveness. Increases in the Herfindahl index generally indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice a value over 0,25 already signifies high concentration.
The current data set yields a value of 0,011. Stable compared to last week.
Summary
27% of the final Koin amount have been mined. Large CPU clusters are crowding out most home setups. A big part of distribution is happening via cheap prices for Koin on Uniswap.
| Date | Gini | HHI |
|---|---|---|
| 18.10.2020 | 0.81 | 0.06 |
| 25.10.2020 | 0.82 | 0.03 |
| 01.11.2020 | 0.81 | 0.021 |
| 08.11.2020 | 0.81 | 0.016 |
| 15.11.2020 | 0.80 | 0.011 |
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