Koinos
Crypto Overview
Overview
Koinos is a blockchain platform designed to make blockchain development accessible to mainstream developers. Its key innovation is a modular upgradeability system that allows the blockchain to be upgraded without requiring hard forks or disrupting the network.
Purpose and Utility
The primary purpose of KOIN is to serve as the native token of the Koinos blockchain, used for:
- Paying for computational resources on the network through a mana system
- Participating in network governance
- Serving as the native currency for the ecosystem
Business Model Evaluation
The project focuses on providing blockchain infrastructure and development tools. The business model is transparent and centered around creating genuine technological value. There are no apparent connections to prohibited activities like gambling, interest-based lending, or adult content.
Development Activity
The project maintains active development with regular GitHub commits. The team consistently releases updates and improvements to the protocol. The development is led by the team that previously worked on Steem, demonstrating relevant technical expertise.
Token Distribution
The initial distribution of KOIN tokens was done through proof-of-work mining, with no pre-mine or ICO. This approach suggests a fair launch model where founders did not receive special allocation. The team earned tokens through the same mining process available to everyone.
Crypto Impact
To assign a comfort level investing in Koinos from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Koinos.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.