Koinos is the worlds first layer 1 blockchain that is both truly decentralized and truly free-to-use as a result of its innovative Mana system and Proof-of-Burn (PoB) consensus algorithm. Its infinite upgradability, microservice architecture, and universal language support ensure that Koinos can rapidly upgrade to the latest innovative technology available. This ensures the best performance and scalability by future proofing the Koinos Blockchain. Users who hold $KOIN directly or receive Mana through sharing can seamlessly access dApps and enjoy free transactions forever because of Manas regenerative property, which is most easily comparable to a rechargeable battery.

About the team:

The Koinos blockchain was built by Koinos Group, whose mission is to make the world more open, transparent, and fair by accelerating decentralization through accessibility. Koinos Group is made up of the former developers of the Steem blockchain, a previous top 5 blockchain by market cap. After Steemit Inc. was acquired by Tron, resulting in a community-led hard fork to become the Hive blockchain, the core team resigned and set out to solve the problem of blockchain decentralization and accessibility.

Unique Features:

Koinos is both a general-purpose blockchain like Ethereum and highly performant like Solana, but unlike those blockchains, Koinos allows for free-to-use applications through their Mana system. Every $KOIN token contains the Mana property, which allows the Koinos blockchain to automatically manage its resources, much like gas but without the loss of any tokens. The more $KOIN a user possesses, the more Mana they have, and the more they can use the blockchain. Hold $KOIN, use blockchain, simple.

This means that a user doesnt have any mental burden when using Koinos. Whether they are creating an NFT, transferring a token, or launching their own cryptocurrency, the transactions are always free.

Mana can also be shared, allowing token holders to cover the Mana cost of any user they wish, enabling the incredible user experience of tokenless access; where an ordinary person can use the blockchain without even having to acquire a token.

Koinos employs a new consensus algorithm called Proof-of-Burn, which delivers decentralization comparable to PoW and efficiency equal to or greater than PoS. This is achieved by block producers (aka miners or validators) who burn their $KOIN, which signals their commitment to securing the chain, much like acquiring hardware in PoW and staking in PoS. In addition, burning the native token decreases the token supply, giving token holders the ability to cause periods of deflation when necessary. Burned $KOIN results in the creation of Virtual Hash Power ($VHP), a fungible token that is used by Koinos built-in Verifiable Randomness Function (VRF) to simulate the randomness of PoW mining. Proof of Burn ultimately replicates the economics of PoW and the efficiency of PoS.

To future proof Koinos, all of its features are infinitely upgradeable (no hard forks required) through the simple act of uploading a smart contract containing the new features and performing an on-chain governance vote to enable it. As a result of its universal language support, new smart contracts can be written in any major programming language that can compile to WASM bytecode. Currently, the two most popular supported languages are C++ and TypeScript.

Tokenomics:

1. PoW Fair Launch - 100% of tokens 2. No ICO, pre-mine, team allocation, VC, or other private sales. 3. 2% Yearly Inflation 4. 50% of supply burned yearly (target rate) 5. 100M Initial Token Supply