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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About KOIN and WET
Koinos is falling, while Humidifi is climbing this week. The current KOIN to WET conversion rate is 0.09668. Inversely, this means that if you convert 1 WET you will get 10.34 KOIN. The conversion rate of KOIN/WET has decreased by 0.82% in the last hour (WET/KOIN increased by 0.82%). In the last 24 hours, KOIN/WET shrunk by 5.05%, while WET/KOIN grew by the same amount.
The exchange rate of Koinos is decreasing. The current value of 1 KOIN is 0.09668 WET. In other words, to buy 5 Koinos, it would cost you 0.48338 WET. Inversely, 1 WET would allow you to trade for 10.34 KOIN while 50 WET would convert to 517.19 KOIN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 5.57%. Meanwhile, in the last 24 hours, the rate has changed by 5.05%, and that the highest exchange rate of 1 KOIN to WET was 0.1049 WET and the lowest 24 hour value was 1 KOIN for 0.09632 WET. Last month, 1 KOIN was worth 0.05099 WET. Today, it's up 47.26%. Looking back a year, Koinos has changed by ∞ WET. That means that in a single year, the value of Koinos has shrank by ∞%.
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.
Humidifi Market Stats
HumidiFi operates as a "dark pool DEX" with active liquidity management by professional market makers, offering lower slippage, tighter spreads, and higher capital efficiency than traditional AMMs. WET powers staking for trading rebates, fee reductions, and access to higher rebate tiers.
Conversion tables
KOIN to WET values from Today at 8:53 pm
0.5 KOIN = 0.04834 WET |
1 KOIN = 0.09668 WET |
5 KOIN = 0.4834 WET |
10 KOIN = 0.9668 WET |
50 KOIN = 4.83 WET |
100 KOIN = 9.67 WET |
500 KOIN = 48.34 WET |
1,000 KOIN = 96.68 WET |
WET to KOIN values from Today at 8:55 pm
0.5 WET = 5.17 KOIN |
1 WET = 10.34 KOIN |
5 WET = 51.72 KOIN |
10 WET = 103.44 KOIN |
50 WET = 517.19 KOIN |
100 WET = 1,034.38 KOIN |
500 WET = 5,171.92 KOIN |
1,000 WET = 10,343.84 KOIN |
KOIN to WET over time
KOIN | Today | 24H -5.05% | 1M 47.26% | 1Y 63.53% |
|---|---|---|---|---|
0.5 KOIN | 0.04834 WET | 0.05078 WET | 0.02549 WET | 0.01763 WET |
1 KOIN | 0.09668 WET | 0.1016 WET | 0.05099 WET | 0.03526 WET |
5 KOIN | 0.4834 WET | 0.5078 WET | 0.2549 WET | 0.1763 WET |
10 KOIN | 0.9668 WET | 1.02 WET | 0.5099 WET | 0.3526 WET |
50 KOIN | 4.83 WET | 5.08 WET | 2.55 WET | 1.76 WET |
100 KOIN | 9.67 WET | 10.16 WET | 5.10 WET | 3.53 WET |
500 KOIN | 48.34 WET | 50.78 WET | 25.49 WET | 17.63 WET |
1,000 KOIN | 96.68 WET | 101.56 WET | 50.99 WET | 35.26 WET |
Frequently asked questions
Right now, 1 Koinos is worth about $0.006574.
Based on the current rate, you could get 152.12 KOIN for 1 USD.
Koinos price has been declining. Since yesterday, the exchange rate of Koinos has decreased. 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 USD calculator at the top of this page to convert any amount of KOIN to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 760.58 KOIN. Inversely, 5 KOIN will cost about $0.03287
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 Alibaba Tokenized bStocks, LimoCoin Swap, and Griffin AI. For a more robust list of assets to explore, jump to the asset page dedicated to Koinos.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.