Koinos Distribution Report [25.10.2020]

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 18% over the course of one week. Amount Koin mined grew by 114%, or 4'445'599 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. Signifying a very top heavy distribution.

Notes:

• The address currently ranked 1st, ...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

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 0,82, 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 0,03. Dropping by 50%. from last week.

Summary

8,3% 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 50% .

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