Koinos - One Week Until Snapshot
Koinos is a blockchain under development, with a few distinct goals:
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fee-less transactions (Mana Whitepaper)
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multi programming language support (C++, AssemblyScript and more in the future)
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upgrades without hard forks
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proof of burn consensus (Consensus Whitepaper)
The Snapshot of ERC-20 KOIN balances will take place on October 31st. Mainnet will launch shortly after.
Latest official announcement: Snapshot, Name Service, & DAPPS
As can be seen in the Snapshot FAQs, it is necessary to hold KOIN in a wallet with private key access at the time of snapshot.
Koin price history starting November 2021 on coingecko.com:
Number addresses holding Koin:
Addresses are not the same as individual owners. Investors could hold their KOIN in more than one wallet.
Stake Distribution
Top 50 wallets:
Account classification
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Whale = Accounts holding > 1% of total supply.
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Investor = Accounts holding between 0.1% to 1% of total supply.
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Retail = Accounts below 0.1% of total supply.
Whale Domination over time:
Whale Domination describes the share of tokens whales hold.
A few tokens for comparison:
| Token | Domination [%] |
|---|---|
| ETH 1.0 | 14 |
| ETH 2.0 | 61 |
| HIVE | 40 |
| DOGE | 45 |
| BTC | 63 |
With the change from POW to POS, the voting stakes for ETH 2.0 have become greatly centralized. 61% is in the hands of 8 large crypto institutions.
Koinos has a Whale Domination quotient of 27%. 15 out of 3373 (0,4%) accounts are KOIN whales.
Stake percentage held by account type over time:
| Whale Domination % | Investor % | Retail % |
|---|---|---|
| 27.01 | 52.65 | 20.33 |
Number of wallets holding Koin sorted by whale, investor and retail:
| # Whales > 1'000'000 Koin | # Investors | # Retail < 100'000 Koin |
|---|---|---|
| 15 | 208 | 3373 |
Koin distribution across accounts:
| Max | Mean | 3rd Quartile | Median | 1st Quartile |
|---|---|---|---|---|
| 2591028.51 | 346210.32 | 6805.85 | 1333.73 | 308.51 |
The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile.
Mining activity has recently picked up again:
92891 new KOIN have been mined in the last two weeks. Total mined KOIN out of a maximum of 100'000'000 is 99694137.84.
Links
Koinos Website: https://www.koinos.io
Koinos unified whitepaper: Koinos: A free-to-use dApp platform with a provably egalitarian, fast, and fee-less digital currency
Medium.com Koinos Dev Update: V4 Here We Come!
Medium.com Project Update: V3 Work, JavaScript Smart Contracts, Stablecoins and more!
Episode 6 - Andrew Levine (CEO of Koinos): Building a Feeless Blockchain (minute 58: development timeline and test- and main-net releases)
Full Recording Building A Blockchain with Zero Barriers with Andrew Levine
Koinos Development Progress Chart
Andrew Levine on databases: Fractally's new database, truly groundbreaking?
Andrew Levine, Koinos Group CEO. Thoughts about governance: The World’s Simplest DAO
Community member motoengineer with a tl;dr of Koinos concepts: YouTube
Community member Joe Walker writes on medium.com about Koinos: KOIN Tokenomics part 1: The (non)sense of the inflation vs deflation debate
Koinos SDK by Roamin:
Run a Koinos cluster from a Docker file: https://github.com/koinos/koinos/releases/tag/v0.3.1
How to deploy test net version 0.2.0
Block explorer by ederaleng: https://v3.koinosexplorer.com/.
Community member jga:
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Koilib Github
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Smart Contract Wallet v0.1 for Koinos. It supports:
- multi signatures
- account recovery
- ability to manage different assets (tokens, NFTs, apps...) with specific keys from one single address.
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Testnet tutorial: Koinos: How to create a microservice in Typescript
Forum: THE KOINOS FORUM
Koinos YouTube channel
Koinos Discord
Reddit r/Koinos
Data source: etherscan.io
Vote for my witness: @blue-witness
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