Post
Topic
Board Announcements (Altcoins)
Re: Announcing KOIN, a PoW mineable ERC-20 that will power the Koinos blockchain
by
andrarchy
on 13/07/2022, 13:30:40 UTC
Been actively following their progress for a couple of months now (familiar with “Steem” history/track record), not a token-holder yet but on the fence. I like their approach and some of the things being built around it. But it is still incredibly early stage, fragile and susceptible to more potent (i.e. bigger treasury) copycats. Timing and competition amongst existing and future L1s is an issue. Eyeballs are clearly drawn elsewhere atm.

Mainnet around the corner is what I hear but no fixed date or commitment. They switched from milestone planning to agile development. Whilst understandable, it’s hard not to draw things out endlessly under that setting. Proper dApps (use cases) is what this project’s needs at this stage.

Blockchain work looks amazing. Kudos to all the programmers involved. Great product. Maybe a few “inventions” too many to attract the masses – i.e. not easy to explain and overwhelming (besides lacking strong incentives to go and build there – first mover DISadvantage as a developer). Great architecture and proper design thinking, though. “Modular upgradability” and "accelerating decentralization through accessibility" as their USP seems rather clumsy and difficult to market.

First impressions matter! (outdated/ill-designed webpage, links, etc., twitter following increase nonexistent, public talks/interviews? rare, establish meaningful network with investors, CEXs (no listing in sight!) and developers? Doesn’t look like it.) Yes, there are some meaningful CT articles (didn’t seem to catch on as few start to interact on the basis of them) In short: Public relations is trial & error, whilst having fair-launched doesn’t leave them a dime to hit some bigger horns. A tiny community of what I perceive to be 10(!) active members (acting as outsiders) can’t do the heavy lifting. Great projects need great, visible leaders to start with. Truly hope this project doesn’t die with a whimper. I am rooting for them.

Thanks for checking out our project and the positive words you had to say about our product. Ultimately that is, to me, the highest praise, even if your assessment of my performance specifically is that it is not what it could be. Given how thoughtful your post is, I would be remiss if I did not consider your thoughtful feedback and use it to become better. Sincerely, thank you for your thoughtfulness and consideration.