Koinos - Now with a Testnet DEX

in #hive-1679223 years ago

Koinos is a blockchain under development, with a few distinct goals:


Community members vonlooten and ederaleng created the first decentralized exchange (DEX) running on Koinos: Koindx - The Koinos DEX.
It is currently available with limited functionality on the Koinos testnet V3.

Drop by their Discord to ask questions and stay up to date.

There are now already three Koinos apps out:

  • Koinos cli - wallet app
  • Kondor - wallet app
  • Koindx - DEX

220501_koin_price.png
Koin price history starting November 2021 on coingecko.com/:

Uniswap V3 is holding 505 thousand Koin, representing 0,5% of float.

Number addresses holding Koin:

220501_koin_wallets_bar.png

Stake Distribution

Account classification

  • Whale = Accounts holding > 1% of total supply.
  • Investor = Accounts holding between 0.1% to 1% of total supply.
  • Retail = Accounts below 0.1% of total supply.

Whale Domination over time:

220501_koin_dominance.png

Whale Domination describes the share of tokens whales hold.

A few tokens for comparison:

TokenDomination [%]
DASH4
ETH14
HIVE40
DOGE45
BTC63
VET74

Koinos has a Whale Domination quotient of 28%. 16 out of 3234 (0,5%) accounts are KOIN whales.

Stake percentage held by account type over time:

220501_koin_wallets_comp.png

Whale Domination %Investor %Retail %
28.0352.5019.47

Number of wallets holding Koin sorted by whale, investor and retail:

220501_number_whale_investor_retail.png

# Whales > 1'000'000 Koin# Investors# Retail < 100'000 Koin
161963022

Koin distribution across accounts:

220501_representative_koin_wallets.png

MaxMean3rd QuartileMedian1st Quartile
2354615.74318207.067993.921632.03451.49

The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile.


Links

Koinos Website: https://www.koinos.io

Koinos Blockchain Framework

Proof of Burn consensus: medium.com

Koinos Whitepaper

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

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

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

Testnet tutorial by jga: Koinos: How to create a microservice in Typescript

Block explorer by ederaleng: https://v3.koinosexplorer.com/.

Koilib by jga: github

Koinos SDK by Roamin: Github

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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The only problem we always have with this wallet is security. How secure the coins inside it will be. Not tomorrow they will hack them.

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Koinos is ERC-20 compatible. That means you can keep them in a wallet you trust and have experience with, that can handle these coins (e.g. Metamask).

K

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Koinos has a Whale Domination quotient of 28%

Is that bad or good ?

Depends on your asessment of the whales.

Usually I would say it could be problematic when 30% of stake is controlled by only 0,5% of accounts. Then, this is also crypto and that kind of concentration happens often. Plus this project is still in its infancy.

With regards to Koinos, I think whales have been long term thinkers.

Koinos now has an app. That's good news, I need to check it. Sounds promising !

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Wow they’re making progress! That’s promising. I remember talking to their team a while back, I’m happy for them

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I find it remarkable that these apps are coming from the community. For a chain that only exists on a testnet. I hope they launch s00n ;)

It’s all gonna happen in the sooniverse, I’m sure

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Value is going up or !BEER

I am just seeing this. Seeing that @andrarchy is the CEO just got me so interested. I will be going through every bit of it.

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Hey @bluerobo, here is a little bit of BEER from @isnochys for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Interesting... I've heard about them before but never took a closer look.

Sorry for the question but what does "multi-language support" mean?

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It means that it is accessible to more devs because you can write smart contracts in many programming languages. Eventually.

Ahh, cool
That makes a lot of sense. I didn't even know that was an option. I thought you could only write smart contracts in that specific language they use for Ethereum which I forgot the name

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Solidity is the one for Ethereum.

I should clarify that lanaguage part next time.