KOIN/USDT - Momentum Turning Bullish
Weird. It seems KOIN didn't want to follow along with my February bullish prediction and instead, nosedived. Maybe it will be more obedient this time!
Currently, it looks like the sellers have exhausted themselves leading to the old trustworthy favourite: the weekly RSI becoming oversold. In a bull market, this is an excellent opportunity for maximum gains (personal opinion, not financial advice of course).
The MACD is also slowly changing direction heading toward 0; the promised land.
There is also a lot of fundamental bullish news: the bridge is almost finished and the new big exchange listing soon to be announced.
About Koinos:
The KOIN token on the Koinos blockchain has both inflationary and deflationary forces acting upon its supply, making it a dynamic and unique economic system.
Deflationary forces:
Proof-of-Burn (PoB) consensus: Users burn KOIN to validate transactions and participate in block production, permanently removing those tokens from the supply.
Governance: KOIN is burned when submitting proposals, creating a deflationary effect.
Inflationary forces:
Block rewards: Block producers receive a modest 2% Annual Percentage Yield (APY) in KOIN, introducing a controlled inflationary force.
Virtual Hash Power (VHP) conversion: Some VHP is converted back into KOIN when a block is produced, adding to the circulating supply.
The proof-of-burn mechanism allows the KOIN token supply to expand and contract based on market conditions, akin to the economic levers of advanced global currencies, but administered in a fully decentralized and algorithmic way. This approach combines the security of Proof-of-Work with the eco-friendliness and flexibility of Proof-of-Stake.
The Koinos blockchain maintains its fee-less nature through the Mana system, where holding KOIN generates Mana required to access network resources. This unique economic model ensures that users never lose KOIN when interacting with the network, unlike other blockchains where fees are paid and disappear.
In summary, the KOIN token supply is dynamic, with both inflationary and deflationary pressures, designed to adapt to market dynamics and maintain a balance between accessibility and network security. The initial distribution of KOIN was fair, with no tokens allocated to the team or investors, and involved a one-year mining phase accessible to anyone.
Currently, it looks like the sellers have exhausted themselves leading to the old trustworthy favourite: the weekly RSI becoming oversold. In a bull market, this is an excellent opportunity for maximum gains (personal opinion, not financial advice of course).
The MACD is also slowly changing direction heading toward 0; the promised land.
There is also a lot of fundamental bullish news: the bridge is almost finished and the new big exchange listing soon to be announced.
About Koinos:
The KOIN token on the Koinos blockchain has both inflationary and deflationary forces acting upon its supply, making it a dynamic and unique economic system.
Deflationary forces:
Proof-of-Burn (PoB) consensus: Users burn KOIN to validate transactions and participate in block production, permanently removing those tokens from the supply.
Governance: KOIN is burned when submitting proposals, creating a deflationary effect.
Inflationary forces:
Block rewards: Block producers receive a modest 2% Annual Percentage Yield (APY) in KOIN, introducing a controlled inflationary force.
Virtual Hash Power (VHP) conversion: Some VHP is converted back into KOIN when a block is produced, adding to the circulating supply.
The proof-of-burn mechanism allows the KOIN token supply to expand and contract based on market conditions, akin to the economic levers of advanced global currencies, but administered in a fully decentralized and algorithmic way. This approach combines the security of Proof-of-Work with the eco-friendliness and flexibility of Proof-of-Stake.
The Koinos blockchain maintains its fee-less nature through the Mana system, where holding KOIN generates Mana required to access network resources. This unique economic model ensures that users never lose KOIN when interacting with the network, unlike other blockchains where fees are paid and disappear.
In summary, the KOIN token supply is dynamic, with both inflationary and deflationary pressures, designed to adapt to market dynamics and maintain a balance between accessibility and network security. The initial distribution of KOIN was fair, with no tokens allocated to the team or investors, and involved a one-year mining phase accessible to anyone.
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