Koinos Distribution Report [15.11.2020]

A new blockchain project called Koinos launched on October 13th, 17:00 UTC.

Snapshot data has been taken from etherscan.io.

Number addresses holding Koin increased by 45% over the course of one week. Amount Koin mined grew by 29%.

Notes:

• The address currently ranked 5th, ...3e9b0..., is a Uniswap exchange account to facilitate an ETH/KOIN trading pair.
• The address currently ranked 15th, ...c2146..., is a Uniswap exchange account to facilitate an USDT/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.

Twitter

@elontrades on twitter sent off a Tweet:

This Tweet coincided with massive price action and an influx of users on the Koinos Discord.

Sourche: Uniswap.org

Let's see how long it takes those big miners to satisfy the newly gained users. A few opportunistic traders jumped on the opportunity as well. This lead to a large volume spike on Uniswap.

Statistical Properties

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 0.795, 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 0,011. Stable compared to last week.

Summary

27% of the final Koin amount have been mined. Large CPU clusters are crowding out most home setups. A big part of distribution is happening via cheap prices for Koin on Uniswap.

Vote for my witness: @blue-witness