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About KOIN and RED
Koinos is climbing, while Redstone is falling this week. The current KOIN to RED conversion rate is 0.1006. Inversely, this means that if you convert 1 RED you will get 9.95 KOIN. The conversion rate of KOIN/RED has increased by 0.7% in the last hour (RED/KOIN decreased by 0.7%). In the last 24 hours, KOIN/RED grew by 2.94%, while RED/KOIN shrunk by the same amount.
The exchange rate of Koinos is increasing. The current value of 1 KOIN is 0.1006 RED. In other words, to buy 5 Koinos, it would cost you 0.5028 RED. Inversely, 1 RED would allow you to trade for 9.95 KOIN while 50 RED would convert to 497.25 KOIN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.87%. Meanwhile, in the last 24 hours, the rate has changed by 1.86%, which means that the highest exchange rate of 1 KOIN to RED was 0.101 RED and the lowest 24 hour value was 1 KOIN for 0.09665 RED. Last month, 1 KOIN was worth 0.06663 RED. Today, it's up 33.73%. Looking back a year, Koinos has changed by 0.1149 RED. That means that in a single year, the value of Koinos has shrank by 14.24%.
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.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
KOIN to RED values from Today at 2:07 am
0.5 KOIN = 0.05028 RED |
1 KOIN = 0.1006 RED |
5 KOIN = 0.5028 RED |
10 KOIN = 1.01 RED |
50 KOIN = 5.03 RED |
100 KOIN = 10.06 RED |
500 KOIN = 50.28 RED |
1,000 KOIN = 100.55 RED |
RED to KOIN values from Today at 2:09 am
0.5 RED = 4.97 KOIN |
1 RED = 9.95 KOIN |
5 RED = 49.73 KOIN |
10 RED = 99.45 KOIN |
50 RED = 497.25 KOIN |
100 RED = 994.51 KOIN |
500 RED = 4,972.54 KOIN |
1,000 RED = 9,945.07 KOIN |
KOIN to RED over time
KOIN | Today | 24H 1.86% | 1M 33.73% | 1Y -14.24% |
|---|---|---|---|---|
0.5 KOIN | 0.05028 RED | 0.04934 RED | 0.03332 RED | 0.05744 RED |
1 KOIN | 0.1006 RED | 0.09868 RED | 0.06663 RED | 0.1149 RED |
5 KOIN | 0.5028 RED | 0.4934 RED | 0.3332 RED | 0.5744 RED |
10 KOIN | 1.01 RED | 0.9868 RED | 0.6663 RED | 1.15 RED |
50 KOIN | 5.03 RED | 4.93 RED | 3.33 RED | 5.74 RED |
100 KOIN | 10.06 RED | 9.87 RED | 6.66 RED | 11.49 RED |
500 KOIN | 50.28 RED | 49.34 RED | 33.32 RED | 57.44 RED |
1,000 KOIN | 100.55 RED | 98.68 RED | 66.63 RED | 114.87 RED |
Frequently asked questions
Right now, 1 Koinos is worth about CA$0.01196.
Based on the current rate, you could get 83.62 KOIN for 1 CAD.
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 CAD calculator at the top of this page to convert any amount of KOIN to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 418.09 KOIN. Inversely, 5 KOIN will cost about CA$0.0598
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 MON, HODL (hodl2013), and ParaSwap. 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.