Koinos

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:

1. Paying for computational resources on the network through a mana system
2. Participating in network governance
3. 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.