Have you heard about $KOIN ? 🧵
Why should you care ?
What makes it different ?
Should you hold any $KOIN ?
Let’s find out in this thread 👇
Why should you care ?
What makes it different ?
Should you hold any $KOIN ?
Let’s find out in this thread 👇
🔹Koinos is an open-source blockchain network that offers free-to-use applications and on-chain interactions.
🔹It features modular and infinitely upgradeable capabilities, eliminating the need for hard forks when upgrading.
🔹It features modular and infinitely upgradeable capabilities, eliminating the need for hard forks when upgrading.
🔹It uses the first Proof-of-Burn consensus mechanism and does not require pre-mining or an ICO, instead relying on mining for distribution.
🔹$ KOIN is a gasless blockchain that uses a unique consensus method called "Proof of Burn".
🔹$ KOIN is a gasless blockchain that uses a unique consensus method called "Proof of Burn".
🔹This creates a free-to-use and truly decentralized blockchain that is accessible to end-users, developers and node operators.
🔹This helps to achieve mass adoption.
🔹This helps to achieve mass adoption.
🔸For blockchain technology to become widely accepted, it must be economically viable for businesses to use:
🔹Issues arise when using Ethereum under heavy load, as the costs of gas can become too high for regular businesses:
🔹Issues arise when using Ethereum under heavy load, as the costs of gas can become too high for regular businesses:
🔹For example, if a business is facilitating 50,000 transactions a day, the costs would quickly become unmanageable, even when using the cheapest chains:
🔹Therefore, a gas-less blockchain that is fully functional and sustainable is needed in order for blockchain tech to go mainstream:
🔹$KOIN believes they have found a potential solution to this problem.
🔹$KOIN believes they have found a potential solution to this problem.
🔸How does the @koinosnetwork Works?
🔹It uses a consensus method called "Proof of burn" which incorporates parts of both Proof of work & Proof of stake.
🔹For every 1 $KOIN token, there is 1 MANA token.
🔹It uses a consensus method called "Proof of burn" which incorporates parts of both Proof of work & Proof of stake.
🔹For every 1 $KOIN token, there is 1 MANA token.
🔹MANA is not a tradable token, and does not have any value. It is only available through $KOIN.
🔹MANA functions as the fuel of the network; it must be available for transactions to be processed.
🔹MANA functions as the fuel of the network; it must be available for transactions to be processed.
🔹To develop on the network, you either need to hold $KOIN (& MANA) or lease $KOIN.
🔹To validate these transactions into a block, $KOIN must be burned.
🔹To validate these transactions into a block, $KOIN must be burned.
🔸Proof of Burn:
🔹A certain amount of $KOIN tokens are burned.
🔹In exchange for burning the tokens, the node operator receives Virtual Hashing Power (VHP).
🔹VHP is similar to mining hardware and is used to validate transactions into blocks.
🔹A certain amount of $KOIN tokens are burned.
🔹In exchange for burning the tokens, the node operator receives Virtual Hashing Power (VHP).
🔹VHP is similar to mining hardware and is used to validate transactions into blocks.
🔹Node operators/validators are rewarded with new $KOIN tokens, which are more than the amount that was burned.
🔹$KOIN is constantly being burned and inflated at a rate of 2% to ensure a net positive amount of the token
🔹When the network is under heavy load, a lot of $KOIN will be burned, leading to deflationary pressure on the token supply and creating positive pressure on the price of $KOIN.
🔹 Koin is creating a clear path for developers to mass adopt cryptocurrency, in a way that is easier for them than ever before.
🔸TOKENOMICS :
🔹Price - $0.6849
🔹MC - $15,126,059
🔹CS - 22,084,532 KOIN
🔹Whitepaper - docs.koinos.io
🔹$KOIN 's 1 Month Growth 👇
🔹Price - $0.6849
🔹MC - $15,126,059
🔹CS - 22,084,532 KOIN
🔹Whitepaper - docs.koinos.io
🔹$KOIN 's 1 Month Growth 👇
🔸CORE TEAM :
🔹Andrew Levine (CEO) - JD Villanova School of Law, 6 years blockchain experience as Head of Communication at Steemit
🔹Ron Hamenahem (COO) - Entrepreneur with 13 years of experience in design and IT.
🔹Steve Gerbino (CTO) - 6 Years of FinTech experience.
🔹Andrew Levine (CEO) - JD Villanova School of Law, 6 years blockchain experience as Head of Communication at Steemit
🔹Ron Hamenahem (COO) - Entrepreneur with 13 years of experience in design and IT.
🔹Steve Gerbino (CTO) - 6 Years of FinTech experience.
🔸Here are the benefits of using Koin:
🔹Developers no longer need to learn the Solidity language to build on Ethereum; they can use traditional languages such as C++ and Typescript.
🔹 Further languages are coming soon.
🔹Developers no longer need to learn the Solidity language to build on Ethereum; they can use traditional languages such as C++ and Typescript.
🔹 Further languages are coming soon.
🔹The Mana System and Koinos Network have completely removed the barriers of entry for developers, allowing for a more frictionless Web3 experience.
🔹In addition, the founders are building another project that will support other businesses building on $KOIN, similar to what @infura_io is to Ethereum.
🔹This is extremely beneficial for two main reasons: the team is dedicated to helping people succeed with building on $KOIN, and they will never dump tokens.
🔹Lastly, due to Mana's features, developers do not need to buy or hold $KOIN to use the network.
🔹Lastly, due to Mana's features, developers do not need to buy or hold $KOIN to use the network.
🔸Follow these amazing people for Alpha -
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$KOIN Legends 🔮
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@andrarchy @koinosarmy @MTLFORBRKFST @KoinosMaster @WeleleTumblr @Manlikeh__ @ogjustinw @kuixihe @ttc1001 @Pochitocc @KadeKentwell @isaactdozier @vonlooten @pgarcgo If you enjoyed this thread:
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