Convert Koinos KOIN to Turkish Lira TRY
KOIN to TRY: 1 Koinos converts to TRY 0.3424 TRY as of July 20 at 10:59 PM
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About Koinos
Koinos is climbing this week. The current price of Koinos is TRY 0.3424 per KOIN. With a circulating supply of 83,257,338 KOIN, it means that Koinos has a total market cap of TRY 28,503,246.31. The amount of Koinos traded has fallen by TRY 0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, TRY 0.00 worth of KOIN has been traded.
The exchange rate of Koinos is increasing. The current value of 1 KOIN is TRY 0.3424 TRY. In other words, to buy 5 Koinos, it would cost you TRY 1.7118 TRY. Inversely, TRY 1.00 TRY would allow you to trade for 2.92 KOIN while TRY 50.00 TRY would convert to 146.05 KOIN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.77%. Meanwhile, in the last 24 hours, the rate has changed by 6.01%, which means that the highest exchange rate of 1 KOIN to TRY was TRY 0.3495 TRY and the lowest 24 hour value was 1 KOIN for TRY 0.3229 TRY. Last month, 1 KOIN was worth TRY 0.144 TRY. Today, it's up 134.07%. Looking back a year, Koinos has changed by TRY 1.48 TRY. That means that in a single year, the value of Koinos has shrank by 80.12%.
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 TRY values from Today at 10:59 pm
0.5 KOIN = TRY 0.1712 TRY |
1 KOIN = TRY 0.3424 TRY |
5 KOIN = TRY 1.71 TRY |
10 KOIN = TRY 3.42 TRY |
50 KOIN = TRY 17.12 TRY |
100 KOIN = TRY 34.24 TRY |
500 KOIN = TRY 171.18 TRY |
1,000 KOIN = TRY 342.35 TRY |
TRY to KOIN values from Today at
TRY 0.50 TRY = 1.46 KOIN |
TRY 1.00 TRY = 2.92 KOIN |
TRY 5.00 TRY = 14.60 KOIN |
TRY 10.00 TRY = 29.21 KOIN |
TRY 50.00 TRY = 146.05 KOIN |
TRY 100.00 TRY = 292.10 KOIN |
TRY 500.00 TRY = 1,460.49 KOIN |
TRY 1,000.00 TRY = 2,920.98 KOIN |
KOIN to TRY over time
KOIN | Today | 24H 5.70% | 1M 57.94% | 1Y -331.15% |
|---|---|---|---|---|
0.5 KOIN | TRY 0.1712 TRY | TRY 0.1614 TRY | TRY 0.072 TRY | TRY 0.738 TRY |
1 KOIN | TRY 0.3424 TRY | TRY 0.3229 TRY | TRY 0.144 TRY | TRY 1.48 TRY |
5 KOIN | TRY 1.71 TRY | TRY 1.61 TRY | TRY 0.72 TRY | TRY 7.38 TRY |
10 KOIN | TRY 3.42 TRY | TRY 3.23 TRY | TRY 1.44 TRY | TRY 14.76 TRY |
50 KOIN | TRY 17.12 TRY | TRY 16.14 TRY | TRY 7.20 TRY | TRY 73.80 TRY |
100 KOIN | TRY 34.24 TRY | TRY 32.29 TRY | TRY 14.40 TRY | TRY 147.60 TRY |
500 KOIN | TRY 171.18 TRY | TRY 161.43 TRY | TRY 72.00 TRY | TRY 738.02 TRY |
1,000 KOIN | TRY 342.35 TRY | TRY 322.85 TRY | TRY 144.00 TRY | TRY 1,476.04 TRY |
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