Topic: KoinOS - Buy another blockchain project? (Read 353 times)

For anyone who didn't see, we released a new, unified whitepaper along with a bitcointalk Announcement. This whitepaper explains how proof-of-burn, Mana, and the infinitely upgradeable Koinos blockchain framework combine to create the most accessible L1 ever.

Now that the evolution of testnet into mainnet is nearly complete, we felt that the time was right to deliver one whitepaper to rule them all which would serve as a single source of truth for anyone looking to understand Koinos at the most fundamental level. We hope you like it!

Read the whitepaper / Download the pdf

Seems like a really decent project, i´ve been reading up on it since a few weeks back.
Mainnet is due to come out Q2 of this year, with testnet v3 to come out in the coming days.
I love the whole mana structure, making this beast fee-less. Something to keep an eye on IMO.


Greets Hank

I'll buy it when their network is fully operational. until then I'll just watch the progress. Moreover, Koinos is new to Uniswap, so there is no need to rush to buy it at this time. This project looks promising, maybe in the future their platform can compete with other smart contract platforms.

thats right, by listed on uniswap we only need eth+ and metamask blowser plugin
but, for now if a token only listed on uniswap is not good enough because the transactions fee is very high, even the price of your token is very low about $0.03 depends on coinmarketcap data,
but if the fee is about $30 even more thats will make small investors can't buy this token buddy

I think the project has some legs, I don't for one minute think it will replace Eth, but then again it's fairly clear from the teams response that's not their aim.

It's a strong team, with a good history and the whitepaper has some interesting ideas. There's a long way to go but it certainly seems worth an investment I think. It's a risk, but the price reflects that.

The first two big tests will be getting the testnet online which is apparently Q2 this year and then of they can get the mainnet out in Q4 as planned.

maybe this project will grow high and can be an alternative when a big dump coming to TOP altcoins
but, there is no enough reason for me if this coin will be the next eth buddy

Thats a problem. Because there is already more blockchains than there is useful dApps. Every Blockchain claim they are better, you are way behind NKN for example, and its not very likely you will catch up. And even catching up would not be enough. Successful projects need visionaire leader!

If you would like to see the latest interview with me you can find it here: https://youtu.be/P370E5oTLFI. I give some background about myself and the project, and explain the problems we're trying to solve. Skip to minute 4:00 if you want to see me praise Ethereum  

Hey everyone, I'm the CEO of Koinos Group, and I want to start off by thanking all of you for taking the time to pay attention to our little project. If you'd like to learn more about me, you can check out my long history on Steem/Hive (https://peakd.com/@andrarchy) or YouTube (https://www.youtube.com/c/AndrewLevine_andrarchy/videos). I actually wholeheartedly agree with this comment which is why you will not find us claiming anywhere that we are the next Ethereum or competing with Ethereum. We love Bitcoin and Ethereum. We want to deliver a wholly different option to developers looking to build decentralized applications and we believe we are uniquely suited to do that as the most experienced dApp development team in the world.  We acquired a lot of unique knowledge about the pain points developers will encounter when scaling dApps and we want to leverage that knowledge to make their lives a little easier. We think that Ethereum has the market cornered on fee-based dApps and probably always will, but that leaves a very important gap in the market for free-to-use applications and that's the market we're going for because that's what developers are telling us they need and we're fundamentally obsessed with giving developers tools they love using to build amazing dApps.

Sure, we might pick fun at Ethereum in videos like this: https://youtu.be/bBa4muN3EJg/, but I think you'll all agree that these are accurate depictions of the user experience on Ethereum, they highlight how fees interfere with user experience, and they implicitly highlight the value of a fee-less option. If you go to our website, koinos.io, you will find no mention of Ethereum aside from the fact that we used it to perform a PoW fair mine of our initial token distribution. I frequently use that fact to promote Ethereum and highlight its value. Ethereum was far and away the best option on which to launch our token thanks to its level of adoption, developer tooling, and level of decentralization. The single most common complaint about our launch is the fees, but that's not coming from us who will defend it as a cost of doing business on the best general purpose blockchain in the world.

To summarize, our goal at Koinos Group is not to "build the next Ethereum," but to give developers tools they love using to build dApps that people love using. It's as simple as that. We believe that's what we need to do to deliver on our mission to give everyone ownership of their data. Koinos is the platform we felt we needed when we left Steem and wanted to build a decentralized application that could achieve mass adoption. We believe that fee-lessness is absolutely critical to accomplishing that. We're building the platform we feel we need and if no one else feels the same way, then we will be perfectly happy building our own products on top of it. But what we would much rather do is continue building great tools that make it faster, easier, and cheaper for developers to build amazing dApps on top of Koinos so that we can accelerate the transition to an economy in which everyone owns all their data. We want to generate revenue for Koinos Group (the company) by selling products that help dApp developers make more money, and use that revenue to fund even more development of Koinos (the blockchain), which will then make our tooling better, make the dApps better, attract more users, and so on.

If this sounds like something you'd like to be a part of, then we'd love to welcome you to our community, but it's important to bear in mind that developers are our #1 priority. At the end of the day, every decision we make has to benefit our developers, so if you're a developer please come on by and give us any feedback about how we can make Koinos better, and if you're not a developer then keep this in mind and consider the option that Koinos isn't the right project for you.

Thank you all again and if you have any questions for me about the project or the technology, then please don't hesitate to ask.

Before now or better put, for a long time now, many projects which compared themselves to Ethereum or claimed to be the next Ethereum never achieved that aim, they didn't even attain an appreciative growth and in most cases many ended up as scams. Also, from another point, most projects which claimed they will list on Binance exchange didn't achieved that as well, and if they try and list on one exchange, that's it.
Therefore in my own opinion, it is always better the team work on their project, develop as much as they can while the use case of the project attract the neccessary investors and users. And lastly, it is good to know that, with the current status of the Ethereum blockchain, there won't be anything like "next Ethereum" nor any platform capable of replacing it, many are yet to achieve that let alone an upcoming project.
Thus, I think it's better the KoinOS team continue working on their project and stop any type of comparisons.

You seem mad about the ETH comparison. But they created Steem before and it was one of the fastest and most efficient blockschains actually. So the comparison to ETH isnt that far fetched.

They are improving the KoinOS Blockchain in ways that it could actually be much better than ETH some day and always easily upgradable.

im confused with KoinOS mining mechanism, so basicly is the miner paid ETH for the transaction gas between KoinOS transaction to get KoinOS reward, so the KoinOS user will get benefit fee-less transaction. is it true? Im still confused about it.

Exactly why not aim much bigger crypto why not tell us it would be the next BTC.
The word has been used so many times and so many project that claims to be the next big shot has been turn into worthless crypto so whats new on this one?

Why would anyone respect ETH when there is people who have millions of ETH they bought for $0.25?

How much did you buy your ETH for? Why do you think those people who got it much cheaper than you wont cash out well before you?

What I am saying is buy cheap projects now if you want to become a millionaire like EARLY eth investors.

Thanks for your post. You do realize the irony tho? Its halarious in a way.

Because basically you are complaining about the same thing that happened with Bitcoin and ETH at its early stages.
People said BITCOIN IS A PONZI SCHEME! When it was $1.
People said ETH IS SHIT! JUST HOLD YOUR BITCOIN! When ETH was $0.25.

It looks like a shilling post.

Earlier they used to compare every coin with Bitcoin and after the recent surge, they have now started comparing every project with Ethereum. What does this mean? This means to accumulate more Ethereum as it will be pumping soon.

I am not shilling ETH but I am only following the trend.

The title is so ambitious, I don't like how it's stated actually.

So you are saying that in the long run this will replace ETH and investors will be profitable like what investors of ETH in the early stage experience?
This project must be dreaming, that's too PONZI for me to be honest, why not just respect ETH and create your own journey, who knows it will really be the next ETH but at least you said it at the right way.

In order for investors to pay attention to the new project, the team goes along the way to compare it with ethereum. But I don't see that KoinOS can really compare to ETH. I have already met many new projects that were called a competitor of ether, but the ethereum network is still the most popular in the crypto market.

What happened to holding? I mean if you look at ETH when it was still cheap. Or Bitcoin.. Nobody knew it would blow up. In fact 99% of people didnt think it would. Only 1% acquired alot of Bitcoin (and later ETH) but that was with alot of uncertainty. Nobody knew ETH would go to $1400 some day. Or even to $100.

So it was the 1% of smart investors who invested early and so they got the greatest returns.

You can look at the github link I posted. One of the best Blockchain experts in the world is working for KoinOS.

Does that mean its risk free? No its not.

But installing Metamask and sending 0,1 or 0,5 ETH or whatever other amount thru Uniswap to get some KoinOS tokens, whats the risk really? Do you think its less risk to go in ETH now when last time it was $1400 it crashed back to $80?

Hows that smart just because the 99% do it?

I just visit the website and its pretty awesome, i really interested about the project. Its like Ethereum improvment isnt it? with Fee-less transaction im curious about the future of the project. I will try to mine it with my computer now! thanks for your information, its really good.