Curiosity Killer: Wikipedia and Google - Curiosity Elixer: Anti Market movements of KOIN

in LeoFinance2 months ago (edited)

Checking in with LEO, I have to talk about KOINOS. Again!

On previous occasions I talked about my first mining experience (post), the mining drama (post) and then I had to create an elevator pitch about the project (post).

Now I'll share some latest info and at the same time call upon crypto experts for deeper insights into crypto in general and Ethereum specifically.

Owww, also some words about Travala. And a few lines about 🎶 🙃


trying to be creative

Ethereum Addresses: Customised versions possible?

I was always under the impression when creating some Ethereum address, we get a unique but random address from whatever service/wallet creating this address for us. But lately, I started to doubt this. Some super large KOIN miner is active and sells large quantities of KOIN daily. Initially, one Ethereum address was dumping daily. Since recent, this address is replaced with two other addresses with the same behaviour, selling large amounts of KOIN every single day.

The three addresses:

0x1337cafe411a2b5820ec2f0e258c051c1598c138
0x1337cafe9d854872f7d5d4bc603e2a935fbe33f2
0x1337cafe9dd187ec8bd5696e8d9c3b9e811aecd8

Do you see the similarities? The 0x1337cafe part?

Turns out Ethereum custom address services are around for a long time. Why did I first 'google' this today? Ah well, never too old to learn 🙃

Seems it is also possible to create a domain for Ethereum addresses. Not like a web address domain, but a shorter custom version of your Ethereum address. Like leofinance.eth or edje.eth (source).

KOINOS: Getting Ready for the Next Phase

Soon, the first phase of KOIN is finished, the mining phase of 180 days or a maximum of 100M KOIN. Just 11M KOIN short of maximum mining supply. Not sure how many days this is gonna take. Maybe a few weeks? When you like to check the progress yourself, browse to this webpage.


KOIN: Metadata

A single additional address and we've reached the round number of 1000 addresses owning some or more KOIN. For a project that aimed to be super decentralised, it must be clear they didn't achieve that objective. But, to be fair, a 1000 initial KOIN owners is not bad as well.

For a long time, KOINs value was glued to the 1$ct mark; Mostly due to this large miner selling most to all the mined tokens. A market under continuous selling pressure, but didn't drop lower than the 1ct; I suppose, this miner didn't want to sell below this mark. Effectively, this was used by others to buy at dip as well as trade a bit. Whenever KOIN tried to jump up, it was pulled down to the 1ct mark. almost a certainty in the first months of the mining phase. Even, when Ether decided to move up with factors of 3 to 4 to 5, KOIN didn't move.

Suddenly it did!

By now, doing better than Ether. Went totally anti-market yesterday morning with an instant double up. Now bouncing between 4,5 and 6 cents. What may happen when the mining phase ends and the market isn't flooded with at least 50%+ mined coins every single day? Zero is a possibility. But 10ct, 20ct, 50ct are also possibilities.

  • TestNet: Soon (on schedule)
  • New Website (here)
  • The team started to create more awareness in the market

KOIN on the move for the last 4 to 5 weeks.

Note: Not doing the disclaimer thingy: You know that you are responsible for your own investment decisions


KOINOS chart from CoinGecko mobile App

AVA :: Travala

Did you notice what happened with AVA? Like so many other coins, it lost a LOT of value the other day when BTC didn't like its own ATH and wanted distance, a lot of distance! Bottomed at 1,9 dollar and topped at 2,9 dollar a little after 24 hrs (chart at Binance). This shows AVA has a strong foundation. And of course, it has! It is one of the few coins in the whole crypto space that has a super compelling service running with it. Travala. A hotel and flight booking service allowing the consumer to pay with many different cryptocurrencies as well as with dollars, euros and other fiat currencies. Offering all the Booking.com listings (and Agoda, I believe) provides no discomfort to the user who wants everything available listed in a single service. You may not be the lazy vacation shopper, but many in our societies are. THE reason for success for Booking.com! THE reason for success for Travala! More or less a sure thing, though in crypto nothing is for sure 😉

Note: Nope! Again am not doing the disclaimer thingy!

MUSIC?

I know, I know: LEO is a crypto blogging service. But I can still try and interest you in some music? A good start is at the #spreadthevibes tag. From classic piano to rave music. But foremost, a challenge for everybody to get onto the engagement train.

a LEO / HIVE original
all images by edje unless stated otherwise
qsounds music & story library | A...K | L...Z |
hive curator with some curie superpowers

Sort:  

Ha, I totally forgot about KOIN after mining some before it wrecked my old power supply unit in my pc! Glad to hear it's making some moves. Maybe if I can get my pc fixed I'll get some mining done in the last sprint but sounds like it's cheaper to buy it and I'm not risking having my pc down for a 3Rd time in a couple of months!

Still need to get some AVA, it's probably one of the few companies out there with a use case for crypto - thanks for the reminder!

Posted Using LeoFinance Beta

KOIN: I stopped mining after 5 or 6 days. The first and second day was good, and then the bigger miners installed themselves. Had 2 laptops running with a total of 4 MHash or something? At start KOIN was 3ct on Uniswap; After a few weeks, it went down to 1ct and kinda stayed there. Others started to notice as well, the big 'cafe' miner dumping all it mined. In the Discord community, it became clear many stopped buying at higher prices than 1ct. I would not suggest trying and mine. Ether fees apply with each proof. A few big farm miners, of which one is this 'cafe' one. With some small PC, it's way more efficient to buy at Uniswap instead of trying to compete :)

AVA: the interesting part is, they give AVA to all those purchasing through the Travala shop. 2% of the purchase value. Apparently, they had a pool of tokens for this, but this run dry. Now they buy AVA from the market to continue this freebee. The perfect method to get none-crypto people acquainted with crypto (yes, also those paying with fiat receive AVA). Their gross revenues are increasing a lot, even in COVID times. Check the blog of Trumpman, he has some post about this. This is the first (and only) compelling mass-market service I know linking in the crypto space. The Travala company had crowdfunding (fiat investment) running late last year, equity. I was just a few days too late to jump on that one. Was overfunded quite a lot. Regardless of my participation, also that one shows 1) how serious this company is 2) the value of what they do.

Posted Using LeoFinance Beta

I think we stopped mining KOIN at about the same time - once I found out there was a huge miner that had a large portion of the tokens, I switched my miner off and will probably just get some on Uniswap if I have the desire to - those ETH fees are also really off-putting!

OK, I'll not sleep on AVA anymore, it will only grow in popularity once the world opens up again to traveling :)

Posted Using LeoFinance Beta

AVA: Trumpman posted their monthly revenues some months or so ago, from an AMA he attended. Steep growth, still not a lot, but it's up up and up, even during COVID times :) All the new money coming into crypto must eyeball AVA as well. Otherwise, I can't explain the quick recovery after the drama at the beginning of the week. Last days holding strong as well, even when BTC decided to dip its toes back to the 46k mark.

Thanks for the heads up, it's on my radar, I have an account set up now so going to load the fiat cannon 😃

Hahahaha, nice! We can shake hands when we see AVA getting into the top 10. Owwwww, maybe it'll enter the top 1000, or top 10000 at some stage. Hopefully not the later though 🎶

Haha jeez, there's 10,000 coins? That's so many! Looking forward to shaking hands over a beer as we catch our flights for a round the world trip!

I think we are close to 10000 coins. Some are not listed like a few on hivenegine. When counting all of those, must be 10k coins 🙃 Round the world and Beers sounds super, the slow version round the world, Travala will love this, so many nights to book, so many AVA to receive. Euhmm maybe book all the nights upfront for the next two years or so. The future value of the bonus AVA today will be something like 30$ rendering the booked nights for free (didn't do the math). Ok ok, some risks here. We may not get to all the hotels on the days booked, which is waiste of money. AVA may also be worth 50$... oww that risk is actually a bonus 🤣🤣 AVA may become worth zero... Ah well, then we had a lot of fun 🤣🤣

I mainly love the last chapter dude :-) - saw the early discussion on KOIN and many Hive witness and others jumping on board there - not really dived into this as you know, there is no time to do it all.

Hahahaha, the last bit is indeed the most interesting hahaha... Ah well, some of those witnesses you talked about moved away again. Consipracies was created when the first drama happened in the mining phase. NextGen started to bash as well in the community, now he seems to have left HIVE completely. Oh well, all good, whatever. I believe in KOINOS team and will see how my wallet looks like in a few month to a year :)