A new blockchain project called Koinos launched on October 13th, 17:00 UTC.
Snapshot data has been taken from etherscan.io.
| Date | No. Addr. | Koin Mined per Week | Total Koin Mined |
|---|---|---|---|
| 18.10.2020 | 425 | 3'911'956 | 3'911'956 |
| 25.10.2020 | 502 | 4'745'598 | 8'357'554 |
| 01.11.2020 | 530 | 5'879'730 | 14'237'284 |
Number addresses holding Koin increased by 5.6% over the course of one week. Amount Koin mined grew by 70%, or 5'879'730 Koin.
Percentage distribution among the top 15 addresses:
From a visual inspection of the top 15 accounts, a steep drop among the top addresses can be observed. Distribution among the top accounts is flattening out.
Notes:
- The address currently ranked 5th, ...3e9b0..., is a Uniswap exchange account to facilitate an ETH/KOIN trading pair.
- Many mining enthusiasts are running more than one miner and might not consolidate all their mined tokens to a single address.
- Addresses truncated for readability.
Statistical Properties
| Date | Max | Mean | 75% | 50% | 25% |
|---|---|---|---|---|---|
| 18.10.2020 | 629361.01 | 86169.76 | 3789.62 | 1227.76 | 328.21 |
| 25.10.2020 | 685370.77 | 96329.41 | 6739.93 | 1744.09 | 402.09 |
| 01.11.2020 | 1000001.00 | 140954.10 | 12289.93 | 2065.30 | 513.07 |
75% = 3rd quartile, 50% = median, 25% = 1st quartile.
The extremely large difference between mean and median balance also shows a strong concentration of assets.
Gini Coefficient
As a better measure of distribution, and subsequent changes over time, we can take a look at the Gini coefficient. It is intended as a tool to measure wealth inequality within nations or other groupings. A coefficient of 0 equals a perfect equitable distribution, a value of 1 signifies maximal inequality.
The current data set yields a coefficient of 0.81, signifying a very top heavy distribution. Unchanged from the previous week.
Herfindahl-Hirshman Index
The Herfindahl–Hirschman Index (HHI) is a measure of industry concentration or competitiveness. Increases in the Herfindahl index generally indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice a value over 0,25 already signifies high concentration.
The current data set yields a value of 0,02. Dropping by 33%. from last week.
Summary
14.2% of the final Koin amount have been mined. Payouts per proof have plummeted tremendously as huge server farms are crowding out gaming rigs. Now a big part of distribution is happening via cheap prices for Koin on Uniswap. The Gini coefficient remains unchanged, while the HHI is much more benign and even dropped by 33% .
| Date | Gini | HHI | Max | Mean | 75% | 50% | 25% |
|---|---|---|---|---|---|---|---|
| 18.10.2020 | 0.81 | 0.06 | 629361.01 | 86169.76 | 3789.62 | 1227.76 | 328.21 |
| 25.10.2020 | 0.82 | 0.03 | 685370.77 | 96329.41 | 6739.93 | 1744.09 | 402.09 |
| 01.11.2020 | 0.81 | 0.02 | 1000001.00 | 140954.10 | 12289.93 | 2065.30 | 513.07 |
Vote for my witness: @blue-witness
Posted Using LeoFinance Beta
Good report.
Posted Using LeoFinance Beta
At least the top farmer has stopped farming for the time being. They hold 1% of the supply. Best part is that they've stated that they won't dump their tokens.
Great analysis mate
Posted Using LeoFinance Beta
Both top accounts seem to have settled for the vanity 1 million Koin amount.
In other words, the idea to offer many small miners a chance to gather a reasonable amount of Koins has failed miserably.
Posted Using LeoFinance Beta
Main method of distribution at the moment for small guys is to buy on Uniswap. Many still mine, but buying is a lot cheaper at the moment.
Exactly. Mining as a method of fair distribution turned out to be a failure, in my opinion.
Ps: I am selling my KOINs at this very moment :) I don't think this has any future.