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.
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.