This is a good marketing move and it does not endanger the network by allowing spam to run amok. This is all a result of nothing short of absolutely amazing design made from scratch. Koinos is built by the geniuses who built STEEM and 6 years ago and the world is yet to come across a better decentralized social media solution.
You can check the announcement below on Twitter and give the project some support with a follow and few ReTweets. I do not use Twitter or any Web 2 social media actively. Therefore I'm writing about this on blockchain and promoting Koinos here on a blockchain the developers helped to create.
An Introduction to Koinos
I have never been this excited about what a blockchain can accomplish. It will take a great deal of time and effort for Koinos to reach the masses and become a well known cryptocurrency like Ethereum, Cardano, Solana, Polkadot etc. I am ready to patiently wait until it happens.
@andrarchy @gerbino @vandeberg @engrave are all part of Koinos and some of them like @andrarchy have been posting some excellent material. I highly recommend checking out their accounts. You will learn a lot from them.
How Koinos Makes Things Better With Decentralization + Utility
A More Beginner Friendly Presentation Discussing Koinos, STEEM, HIVE and Splinterlands
If you have any Friends or family who could potentially be interested in Koinos and you want to educate them, the following video could be a better fit:
If you have wrapped your mind around how Mana works; it should sound like a more convenient and automated version of the system we have with Resource Credits. We could present Koinos as having an automated staking management system for DPoS blockchains. There are more features made on top of this.
Currently, when @splinterlands wants to make sure their newly onboarded users have enough RC to make transactions, the DAPP needs to delegate some RC (it used to be worse requiring HIVE Power delegation). The RC delegated to the user can be used to do all sorts of activities that are completely unrelated to @splinterlands making the developers subsidize usage of other DAPPs on HIVE including potential competitors. On Koinos it is possible for DAPP developers to exclusively subsidize transactions related to their DAPP and nothing else.
What Does Free Transactions Mean?
I assume this is done in order to make Koinos attractive for new developers and users by utilizing the KOIN that is idly sitting on the wallets of Koinos Group. This is not a too good to be situation. Some people become extremely cautious when an offer sound extremely good. This is not one of those situations.
It's A Result of Genius Design!
Koinos Website
Kondor Wallet
Block Explorer
Posted Using LeoFinance Beta
Well, I hope you realize its just a joke, because its free to use already (in same meaning as Hive).
I thought the Mana cost was going to be covered as well once the 10K Follower milestone was reached (at least for a while as a marketing gimmick).
!PIZZA
A lot of people will regret not getting involved in koinos.
Posted Using LeoFinance Beta
Most certainly yes! I am waiting to see come DAPPs.
!PIZZA
I took a look through the video and it does look like it's solving a different solution than Hive. It can work out well and I agree that the cost varying is something bad for the company to figure out how things are. I have seen quite a few people complain when the blockchain is behind or if the cost of transacting is annoying.
Posted Using LeoFinance Beta
Your comment remneded me of this quote from @andrarchy:
Source
Hope it'll be a success. It's just there's no Dapps to use at the moment. Not even https://koindx.com is working. There's no reason for non devs to play around Koinos. Hope there will be some cool Dapps. Some basic DeFi is enough to get me interested. !PIZZA 🍕
DeFi could be the easiest place to start.
!PIZZA
Awesome to see the tag 'leoalpha' being used!
Posted Using LeoFinance Beta
Ever since I learned about Morphswap from @anomadsoul I have been a big fan of the content there.
!PIZZA
Now there are two questions, is there an easy way to earn Koinos like I can here with Hive, or any kind of Faucet? Not something I'm so keen on I'd want to invest money right now, but if there was a decent alternative I would consider it.
Second, did they name it this realize just googling Koin on it's own will just get you a bunch of links to Mortal Kombat Message boards? :p
Currently there is only burning KOIN for mining. It works somewhat similar to DPoS. Instead of staking and delegating; you have to burn your KOIN. You can take a look at https://burnkoin.com for this. APR is at 4.58%
I came across "KOIN (channel 6) is a television station in Portland, Oregon" and a "Kotlin dependency injection library". They team probably didn't mind that much. It is possible they were too blinded by finding fitting name for their project:
!PGM
!PIZZA
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
If its free then you're the product
Posted Using LeoFinance Beta
Not at all. You don't pay fees on HIVE. This is the next evolution of the same system by the same people who designed it. Koinos get rid of the staking aspect and allows developers to take care of user Mana cost (RC equivalent of Koinos) if they choose to.
Lol I guess you don't understand the concept of paid through inflation, nothing in this life is free
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
I gifted $PIZZA slices here:
vimukthi tipped oldtimer (x1)
vimukthi tipped leogrowth (x1)
torran tipped vimukthi (x1)
d-zero tipped vimukthi (x1)
@vimukthi(4/5) tipped @engrave (x1)
vimukthi tipped d-zero (x1)
Send $PIZZA tips in Discord via tip.cc!