Convert Koinos KOIN to Salvadoran Colón SVC
1 KOIN converts to SVC 0.05237 SVC as of June 27 at 4:36 PM
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About Koinos
Koinos is climbing this week. The current price of Koinos is SVC 0.05237 per KOIN. With a circulating supply of 83,257,338 KOIN, it means that Koinos has a total market cap of SVC 4,382,026.64. The amount of Koinos traded has fallen by -SVC 6,959.64 in the last 24 hours, which is a 57.18% decrease. Additionally, in the last day, SVC 12,172.20 worth of KOIN has been traded.
The exchange rate of Koinos is increasing. The current value of 1 KOIN is SVC 0.05237 SVC. In other words, to buy 5 Koinos, it would cost you SVC 0.26185 SVC. Inversely, SVC 1.00 SVC would allow you to trade for 19.09 KOIN while SVC 50.00 SVC would convert to 954.74 KOIN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 93.95%. Meanwhile, in the last 24 hours, the rate has changed by 6.23%, which means that the highest exchange rate of 1 KOIN to SVC was SVC 0.05276 SVC and the lowest 24 hour value was 1 KOIN for SVC 0.04746 SVC. Last month, 1 KOIN was worth SVC 0.02712 SVC. Today, it's up 93.95%. Looking back a year, Koinos has changed by SVC 0.2285 SVC. That means that in a single year, the value of Koinos has shrank by 76.98%.
Koinos Market Stats
What is Koinos (KOIN)? Koinos is a developer centric open source project that leverages blockchain technology to provide a robust smart contract platform where holders have ownership over the network. Originally conceived in 2020, Koinos was officially launched November 5th, 2022 by Koinos Group, a US company. To learn more about this project, check out koinos.io. Unlike other blockchains, on Koinos holding $KOIN gives you the right to utilize a portion of the network without sacrificing your cryptocurrency to transaction fees. Rather than paying a transaction fee, your $KOIN is temporarily locked and gradually unlocked over time. This mechanism is referred to as mana because it mimics the user experience of a video game. You can learn more about mana on the official documentation. The Koinos protocol is designed to facilitate decentralized app (DApp) creation and it aims to improve decentralization by introducing a Proof-of-Burn (PoB) consensus algorithm. Learn more about Proof-of-Burn on the official documentation. Because of its innovative resource management, Koinos enjoys interest from Web3 enthusiasts seeking the next generation of blockchain user experience (UX). A significant focus for the Koinos network is to bring a Web 2.0 experience to Web3. What makes Koinos unique? The Koinos blockchain has several features that differentiate it from other smart contract platforms. These include forkless upgrades, the mana system, smart wallet support and the Proof-of-Burn consensus algorithm. Because the core business logic of Koinos is implemented via smart contracts, core functionality can be upgraded without the use of hard forks. While hard forks may be necessary to fix critical bugs or improve performance, many enhancements can be achieved simply through replacing smart contracts and a vote in governance. This allows Koinos to evolve at a more rapid rate than other blockchains. You can learn more about forkless upgrades and the governance system on the official documentation overview. Koinos handles resources differently than other blockchains. Holding $KOIN grants access to a portion of the network. While most other blockchains have transaction fees, Koinos allows the user to pay in time. The more $KOIN the user holds, the more network the user has access to and the faster their mana pool regenerates. Learn more about mana on the official documentation overview. On Koinos there is no difference between an account and a smart contract. Every account can also have a smart contract associated with it. Because an account is no different than a smart contract, account abstraction is baked into the protocol. It is no longer necessary to work solely with a private/public key pairing. Instead, Koinos features a turing complete authority system which allows for unlimited possibilities of smart contract upgrades, transaction payment handling, and contract calls. Learn more about authorities on the official documentation for developers. The Proof-of-Burn (PoB) consensus is not well known but offers a variety of advantages of the traditional Proof-of-Stake (PoS) and Proof-of-Work (PoW) algorithms. Miners are virtualized on-chain leveling the playing field no matter the electricity costs of your local jurisdiction. This promotes decentralization as mining operations do not need to consolidate around locales with economic electricity costs. In addition, Proof-of-Burn solves the issue of consolidating stake on Centralized Exchanges (CEX) because the cryptocurrency must be burned in order to produce blocks or affect governance. Learn more about the novel Proof-of-Burn implementation on the official documentation overview. How many $KOIN are in circulation? Koinos was completely fair-launched, just like Bitcoin. It was originally Proof-of-Work mined into existence on the Ethereum blockchain in order to bootstrap the initial supply. Over the course of a year, approximately 100 million $KOIN were mined and used to establish the initial balances of the blockchain upon launch. After the mainnet launch on November 5th, 2022 the chain was in-band upgraded from federated to Proof-of-Burn and $KOIN was burnt in exchange for virtual hashpower to secure the network. Because $KOIN is constantly being burned in order to secure the network, the supply is dynamic so you should check popular block explorers like Koiner for precise numbers. The supply can be most simply described as 100 million with 2% inflation annually and target burn of 50%. This is an oversimplification but you can learn more about the tokenomics on the official documentation overview. How is the Koinos network secured? The Koinos network is secured through the innovative Proof-of-Burn (PoB) consensus algorithm. Block producers burn their $KOIN and receive Virtual Hash Power (VHP) in return. This can be thought of exactly like hash power on Proof-of-Work (PoW) chains. The more hash power you have, the more likely you are to produce a valid block. It’s as simple as that. The details of the implementation can be found by reading the Proof-of-Burn on the official documentation architecture section.
Conversion tables
KOIN to SVC values from Today at 4:36 pm
0.5 KOIN = SVC 0.02619 SVC |
1 KOIN = SVC 0.05237 SVC |
5 KOIN = SVC 0.2619 SVC |
10 KOIN = SVC 0.5237 SVC |
50 KOIN = SVC 2.62 SVC |
100 KOIN = SVC 5.24 SVC |
500 KOIN = SVC 26.19 SVC |
1,000 KOIN = SVC 52.37 SVC |
SVC to KOIN values from Today at
SVC 0.50 SVC = 9.55 KOIN |
SVC 1.00 SVC = 19.09 KOIN |
SVC 5.00 SVC = 95.47 KOIN |
SVC 10.00 SVC = 190.95 KOIN |
SVC 50.00 SVC = 954.74 KOIN |
SVC 100.00 SVC = 1,909.47 KOIN |
SVC 500.00 SVC = 9,547.37 KOIN |
SVC 1,000.00 SVC = 19,094.74 KOIN |
KOIN to SVC over time
KOIN | Today | 24H 5.42% | 1M 48.21% | 1Y -336.30% |
|---|---|---|---|---|
0.5 KOIN | SVC 0.02619 SVC | SVC 0.02477 SVC | SVC 0.01356 SVC | SVC 0.1142 SVC |
1 KOIN | SVC 0.05237 SVC | SVC 0.04953 SVC | SVC 0.02712 SVC | SVC 0.2285 SVC |
5 KOIN | SVC 0.2619 SVC | SVC 0.2477 SVC | SVC 0.1356 SVC | SVC 1.14 SVC |
10 KOIN | SVC 0.5237 SVC | SVC 0.4953 SVC | SVC 0.2712 SVC | SVC 2.28 SVC |
50 KOIN | SVC 2.62 SVC | SVC 2.48 SVC | SVC 1.36 SVC | SVC 11.42 SVC |
100 KOIN | SVC 5.24 SVC | SVC 4.95 SVC | SVC 2.71 SVC | SVC 22.85 SVC |
500 KOIN | SVC 26.19 SVC | SVC 24.77 SVC | SVC 13.56 SVC | SVC 114.25 SVC |
1,000 KOIN | SVC 52.37 SVC | SVC 49.53 SVC | SVC 27.12 SVC | SVC 228.49 SVC |
Frequently asked questions
Right now, 1 Koinos is worth about SVC 0.05237.
Based on the current rate, you could get 19.09 KOIN for 1 SVC.
Koinos price has been on the rise. Since yesterday, the exchange rate of Koinos has increased. Since last month, the exchange rate of Koinos has increased. Since this time last year, the price of Koinos has decreased.
You can use our KOIN to SVC calculator at the top of this page to convert any amount of KOIN to SVC. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 SVC is equivalent to 95.47 KOIN. Inversely, 5 KOIN will cost about SVC 0.2619
Koinos can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Koinos.
There are a number of crypto assets that have the a similar or comparable market cap to Koinos, including Creo Engine, 4EVERLAND, and EQTY. For a more robust list of assets to explore, jump to the asset page dedicated to Koinos.
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