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KOINOS: Started As Fun & Turned Out To Be A Great Investment

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@geekgirl
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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