In a rapidly evolving financial landscape, Koinon (KOIN) emerges as a game-changer, offering revolutionary solutions for payments, remittances, and cross-border transactions. Designed for both digital asset investment and practical applications, Koinon addresses the inefficiencies of traditional payment systems. Imagine instant transactions at a fraction of the cost—0.003-0.008 seconds per transaction, and a fee of just $0.0001. Contrast this with Bitcoin's snail-paced hour-long processing times and hefty $20 fees. Koinon's blockchain can handle over 40,000 transactions per second, outpacing even Visa.
From B2B trade to e-commerce and government payments, Koinon's secure and scalable platform sets a new standard, positioning it as a frontrunner in the crypto-fintech ecosystem. Read on to discover how Koinon is poised to revolutionize global payments.
The Purpose and Utility of Koinon (KOIN)
The Koinon (KOIN) crypto token is a purpose-built virtual asset designed for payments, remittances, and cross-border transactions. It is built to be both investable as a digital asset and usable in various applications, including virtual asset investment, B2B trade, digital retail, e-commerce, and omni-channel Point of Sale (POS), inter and intra enterprise and government payment and settlement platform.
Solving Traditional Payment System Inefficiencies
KOIN aims to solve the problem of slow, costly, and unscalable traditional payment systems by offering instant, very low-cost, and scalable transactions. It boasts a transaction speed of 0.003-0.008 seconds, which is significantly faster than Bitcoin (60 minutes), Ethereum (6 minutes), Cardano (5-10 minutes), and even Visa/Master Card (3-5 seconds). The cost per transaction is also very low, at 0.0001 Koin ($0.0001), compared to Bitcoin ($20.00), Ethereum ($30.00), and Cardano ($0.60). Additionally, Koinon is highly scalable, capable of handling over 40,000 transactions per second, which is significantly more than Bitcoin (7 per second), Ethereum (20 per second), Cardano (257 per second), and Visa (24,000 per second).
Secure and Eco-Friendly
Koinon also offers a secure payment platform, using Komodo's delayed Proof of Work (dPOW) to secure all transactions for permanent, immutable, and historical block storage. It is also eco-friendly, consuming significantly less electricity than Bitcoin, which is known for its high energy consumption.
Koinon Ecosystem and Functionality
Koinon (KOIN) is a purpose-built virtual asset designed for payments, remittances, and cross-border transactions. It is built to be both investable as a digital asset and usable within its ecosystem. Koinon's blockchain, Koinon Pay, enables a FinTech ecosystem that includes licensed financial institutions that are fully KYC and AML compliant.
Fast, Low-Cost, and Scalable Payment Solution
The Koinon token functions within its ecosystem by providing a fast, low-cost, and scalable payment solution. It offers instant transactions with a speed of 0.003-0.008 seconds per transaction, which is significantly faster than Bitcoin, Ethereum, and Cardano. The cost per transaction is 0.0001 Koin ($0.0001), making it a very low-cost option compared to other cryptocurrencies and traditional payment methods.
Ultra-Secure Transactions
Koinon is also highly scalable, capable of handling over 40,000 transactions per second, far exceeding the capabilities of Bitcoin, Ethereum, Cardano, and even Visa. This scalability makes Koinon an attractive option for businesses and individuals seeking a fast and efficient payment solution.
In addition to its speed and low cost, Koinon is also ultra-secure. Its blockchain, Komodo, uses dPOW (delayed Proof of Work) to secure all transactions for permanent, immutable, and historical block storage. This security feature ensures that all transactions are secure and protected from potential threats.
Diverse Applications
Koinon has various applications, including virtual asset investment, B2B trade, digital retail, e-commerce, and omni-channel Point of Sale (POS), inter and intra enterprise and government payment and settlement platform. Its ecosystem also includes the KOIN Pay App and Payment Platform, supporting cross-border payments, Play 2 Earn sub-app with in-app transfer providing in-game tokens and enabling P2E solutions, and Learn 2 Earn sub-app with in-app transfer, an L2E blockchain technology education platform via the Web.
Unique Features and Benefits of Koinon
The Koinon crypto token is designed and built to be a leading-edge, global, cross-border payment solution that enables a FinTech ecosystem inclusive of licensed financial institutions that are fully KYC and AML compliant. It is intentionally built and launched without an Initial Coin Offering, addressing associated legal issues. The Koinon blockchain went live in September 2018 and has had over 1 million block confirmations without incident or downtime.
Instant Transactions
Koinon offers several unique features and benefits that set it apart from other tokens. First, it provides instant transactions with a speed of 0.003-0.008 seconds per transaction, compared to Bitcoin's 60 minutes, Ethereum's 6 minutes, and Cardano's 5-10 minutes.
Low Transaction Costs
Second, Koinon offers very low transaction costs, at 0.0001 Koin ($0.0001) per transaction, compared to Bitcoin's $20.00, Ethereum's $30.00, and Cardano's $0.6 per transaction.
High Scalability
Third, Koinon is highly scalable, capable of handling over 40,000 transactions per second, compared to Bitcoin's 7 per second, Ethereum's 20 per second, Cardano's 257 per second, and Visa's 24,000 per second.
Ultra-Secure
Fourth, Koinon is ultra-secure, utilizing dPOW (delayed Proof of Work) to secure all transactions for permanent immutable and historical block storage.
Eco-Friendly
Lastly, Koinon does not involve mining, unlike Bitcoin, which consumes 0.5% of the world's daily electricity production and 7x more energy than Koinon.
Tokenomics and Distribution Model
The Koinon (KOIN) tokenomics and distribution model are as follows:
Total Token Supply
- Total Token Supply: 125 million KOIN were produced, and no additional KOIN will ever be produced.
Token Distribution
- Token Distribution: The total token supply is divided among various stakeholders, including the founding team, advisors, community, and public sales. The exact allocation and vesting schedule are not specified in the provided sources.
Token Utility
- Tokenomics: KOIN's economic model is designed to be a leading-edge, global, cross-border payment solution. It enables a FinTech ecosystem that is inclusive of licensed financial institutions that are fully KYC and AML compliant.
Market Strategy
- Market Strategy: Koinon's market
