Have you seen the price of Koin as of late? Current price of Koin is at $1.42. A year ago it was around 3 cents if not less. According to FTX its price went up about 900% within a month.
KOINOS is a new blockchain project that started by ex-Inc employees last year around this time a maybe a little earlier than that. Hive is a great a social network where people share various crypto opportunities and learn from one another. For me investing in Koinos started the same way.
I started seeing people posting about mining Koins when they first launched the mining with there well designed UI software that could run on any personal computer. The idea of letting people mine and founders not having pre-mines or some kind of advantage over others in coin distribution made it even more interesting.
Many on Hive were having fun using the miner. I had to try too. I never mined anything in the past. Here there was an interesting opportunity. And I like fun experiments. So why not mine? First I started mining on my desktop computer. It was working fine, then I added my laptop to mine too.
In a couple of days I discovered mining wasn't really getting many coins and to claim mined coins I had to spend gas fees since they decided to launch mining on the ethereum blockchain. It became obvious to me that buying Koins in the market would cost same as paying gas fees for mined coins.
I decided to stop mining and buy $1000 worth of Koins instead. This provided another opportunity to experiment with defi. Koins were only traded on uniswap. They are still only available on uniswap. This helped me learn how to use uniswap and understand how defi platforms work, a little bit. As soon as I bought some Koins, price went down more. I didn't like that. :) So I had to invest $1000 more to average the costs of purchase.
After that I just let the koins be and wait until the mainnet launches. My initial understanding was that mainnet was going to be ready by the time mining was going to be complete, which was planned to last six months. After six months passed I found out mainnet was planned to be launched in Q$ of 2021. Since then I just forgot about Koin and @bluerobo would remind me it exists from time to time. :)
For the most part of the year price of Koin didn't have much of an action. Thought I always thought it had a potential to go to $1, because initial coin supply was limited to only 100 million coins. In crypto space this amount of supply is low. Most chains have billions and billions of coins in circulation.
While I didn't expect Koin price to hit $1 before mainnet launches, as crypto always surprises Koin price did reach $1 and more just this week. I have no clue what is driving the price up and what are the levels of demand for it. But I am glad it did, and hoping it will keep going up more.
I ended up selling one third of my Koins. Just because. Still holding the rest. Can we get $5 this year? lol
Do you still have your Koins? What are your thoughts about the project and the price of the Koins. Let me know your price predictions if you have any.
Congrats to all Koin hodlers!
Posted Using LeoFinance Beta
My last published post on hive: https://peakd.com/hive-167922/@oldtimer/shilling-time
After the main chain launches - $10 easy.
I was also mining Koin at first but when the price dropped soo low I had to invest $5K.
What can I say? I'm currently on the first page among holders on ethscan.
Posted Using LeoFinance Beta
Hi, whale.
GM!
I knew you had a decent amount. I remember offering you to buy my koins in the discord channel (it was a joke), and you said you had plenty already.
I like the $10 prediction. Why not? it will only make it a billion dollar chain.
Looking back, You have made a good choice
Posted Using LeoFinance Beta
Have you seen your punk yet?
Yes.
Appreciate the Gift :)
Posted Using LeoFinance Beta
Niiiice!!!!
Hi Nathan!
Yes, it does look like it. All thanks to Hive.
Hey 👋🏼
Yes @geekgirl ...
... I still have all of mine, minus a small amount I sold very early on to try and recoup some of the ridiculous ETH fees I incurred during my brief "adventures in mining" ... 😉
Funny thing is, for me it was easy to be a HODLer of this token (along with most ever other ERC20 token in my portfolio), due to the barrier of these ETH fees. I simply did not want to pay them ...
Surprise, surprise! As you say, they are now worth a surprising amount (down at the moment, but still amazing compared to a year ago). I really have no thought / idea what they may become worth.
Right now, it is my intention to HODL through launch of the mainnet. We'll see from there ...
For more the sake of the team who has built this up from scratch than for my own profit, I do hope KOIN ultimately amounts to something more than a temporary "flash in the pan" ... I always like to see people succeed. Especially if they have worked very hard to achieve their dreams.
Posted Using LeoFinance Beta
I don't normally use ETH or anything on ETH either due to the gas fees. But recently some friends convinced me that paying gas fees is ok when there are profits to be made. So I tried, and it didn't seem too bad. Paying $100 seems a lot, but there no other way. :)
I will also try to hodl at least some Koins for longer time. I too hope it will work out as they have planned and it will become a useful and innovative blockchain.
Thank you @roleerob. Always great to hear from you.
Yes, I guess ...
... but I just can't make sense of it myself. Particularly when there are now so many EVM-based blockchains offering similar opportunities for a small fraction of the cost and far greater settlement speeds.
Maybe there is some opportunity on ETH that doesn't exist anywhere else AND (see what I did there, with a common programming word for Boolean statements ... 😉) offers an ROI > anything available anywhere else. In that case, I might reconsider ...
I think the biggest challenge for all of us is knowing where these opportunities are and, then, deciding which offer the best combination of ROI, while maintaining the highest security and safety.
Always enjoy reading your posts, when I have the time to catch up a bit! 👍🙂
Posted Using LeoFinance Beta
That is an awesome ROI. You made a really smart investment! Do you think it is worth investing at this late stage? The project sounds like it still has potential, but I wonder whether much more financial growth could be expected at this point. Congratulations to you btw!
I didn't buy any Koins but congratulations on your trade. It looks like HODLing is paying off for you.
Posted Using LeoFinance Beta
Thank you. hodling does seem to work.
Great, I really think they deserve to be successful! Voldemort had them cornered, but they fought back and broke out. Honorable. We the HIVE are witnessing yet another moment of great accomplishments by free people on an free market of values and ideas. <3
Well said!
yep! I remember your post when you invested like 1 ETH into it :) I did as well and I don't regret it:
https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-koin-7x-in-2-weeks
It ended up being 5 eth investment at that time. lol
While I don't hold any Koinos, I'd rather say that it's awesome to profit from a coin you never expected to actually do well. I mean, look at the prices and how it all began, the initial $1000 and all that fee would definitely have been worth it. Awesome investment for me. Don't hold any. Sweet profit there, one/third of your coin is great since there's more chance it could go higher.
Posted Using LeoFinance Beta
Thank you @josediccus. It is hard to predict the future. But always nice to see things play out in our favor.
I was not very comfortable to try out the Uniswap then and that was the reason, I could not invest. Great return for sure - 900 %
Posted Using LeoFinance Beta
Thank you @sanjeevm. I hesitated to use uniswap too. But since I was mining already anyway, had to try it.
haha yes i have seen it :)
and hodled up to now all my Koinos, I expect more to come !
go go @andrarchy !
GM!
Nice! It seems like I am in a group of very wise investors. :)
I think something similar will happen to the spknetwork miners
Yes! When are the airdrops/claimdrops happening for that?
6th of January is the snapshot, bout I don´t know when the claimdrops starts.
Hodl :)
As I said, you are a bold investor and that's one more example that fortune favors the brave. Congrats for holding Koin!
Thank You.
Congratulations on your successful investment! This is really great!
Please advise where you collect information about new coins, projects and the like?
I am not really good at collecting information about crypto projects and coins at all. I just read posts here on Hive and Leofiance and see what people are interested in and what projects are being built.
Thank You.
I understood. Thanks anyway! Yes, there is a lot of information on Hive.
I didn't know Koinos. It looks that it has made a great hike. I have read that Koinos's mission is to build blockchain based apps. Since blockchain apps will have a part in people's lives, Koinos could have a bright future.
They do have very ambitious goals to build something that is different from other blockchains.
Given the high demand for it and for mining, I think that reaching $5 is not difficult.
Posted Using LeoFinance Beta
That will be interesting to see. $5 sounds reasonable.
It is really a good improvement reaching that amount unlike what it were before
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 to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
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.