A message from Steve
I would like to take a moment to share with you some recent changes within the Koinos Group organization. We have collectively decided to “shake things up” internally. As a result of this shake up, the team has graciously nominated me to take a leadership role in the company. While I am honored by their vote of confidence, I also understand the weight of the objectives at hand and the challenges of the road ahead. However, I know the unrealized potential of this revolutionary technology we call Koinos and with a handful of changes, I’m hopeful we’ll finally be able to share it with the world.
From this point forward, I will be the CEO of Koinos Group. The new structure will be as follows:
Ron Hamenaham will continue to act as Chief Operating Officer.
Andrew Levine will now serve as Chief Communications Officer.
Michael Vandeberg will now serve as Chief Technology Officer.
Current initiatives
We are working towards three key initiatives in the short-term: Accessibility, Visibility, and Outreach. I want to share a short summary of our progress thus far.
We’ve made great progress toward Accessibility. Aside from the recent CEX listings, we are making great strides in the decentralized sector, which is arguably more important for the vision of crypto as a whole. With the recent integration of Koinos on the Chainge bridge, we’ve added significant liquidity to the Uniswap in both ETH/wKOIN and USDT/wKOIN pairings. With Solana integration coming down the pike, Koinos is well-positioned in the crypto space when it comes to interoperability. We will be looking to facilitate liquidity on either Raydium or Jupiter when this becomes available to us.
We’ve finally had our circulating supply verified on CoinMarketCap. This has been a long and arduous journey, but it is an absolutely critical piece to our Visibility objective. While recent events have created new inaccuracies on the CoinMarketCap page, the hard part is behind us and this will probably be an on-going effort to ensure the information remains correct.
Finally, I will recognize that our Outreach has been lackluster. This is the next step for Koinos Group to tackle in the upcoming months.
Let’s talk about what comes next.
Koinos Group & KoinDX
We believe that Decentralized Finance (DeFi) is an important pillar for any respectable decentralized network. Koinos Group has always been impressed with the work being done over at KoinDX which is why Koinos Group will be making a direct investment into KoinDX.
As part of this partnership, Koinos Group will not only do its part in facilitating the growth of KoinDX through liquidity provision but also partnerships and joint marketing programs. We will begin immediately by working with KoinDX to launch their native DEX token which will have, in my opinion, a very desirable property: profit sharing. The $KOINDX token will allow users to earn a portion of swap fees on KoinDX.
But wait, there’s more.
Koinos Group & Chainge
Chainge has demonstrated that they are one of our most valuable partners. Chainge has graciously selected Koinos to be the first to participate in their new product; Earn modules.
The new product, Earn on Koinos, will incentivize users to bridge BTC, ETH, and USDT to the Koinos blockchain, earning them yield as per the following schedule:
If you’re anything like us, you must be asking yourself “Where do these yields come from?” and “What is the risk?”. Well, I’m glad to report that this yield will be paid for by Chainge through their bridge swap fees. That’s right — they’re sharing their profits as well and all assets are 100% liquid at all times. You can bridge to and from Koinos and claim your APY immediately at any time. APY will be claimable on a first-come first-serve basis.
In order to sweeten the deal, Koinos Group will match your earned APY in KOIN. This means that bridging USDT to Koinos could earn you up to 16.24% APY. Where does this KOIN come from? You guessed it: profit sharing. Koinos Group will be funding these rewards through block production. In an effort to accommodate this new initiative, Koinos Group will be doubling our block production VHP and sharing the profits with you, the community. The total APY schedule will look like the following:
How the pieces fit together
I hope by now you are beginning to see the big picture. We are incentivizing TVL on KoinDX. We are making it highly profitable for users to bridge their assets from other chains over to Koinos and then providing liquidity on qualifying KoinDX pairings which will earn you KoinDX points that are redeemable for KoinDX’s profit sharing token, $KOINDX. If you take full advantage of this program you can find yourself earning 16.24% plus $KOINDX tokens.
Our joint efforts
Chainge’s objective is to boost TVL on Koinos which, in turn, drives traffic and increases demand for Chainge. Koinos is one of the first non-EVM compatible chains they’ve integrated into their dApp as they believe in its vision and tech. It’s a win-win.
From Koinos Group’s perspective, boosting our TVL on KoinDX to a respectable number will justify integration into Chainge’s DEX aggregator. This will create organic trade volume flowing through KoinDX and thus profits for those who hold $KOINDX. Users of Chainge’s bridge may not even be aware they are using Koinos because it will happen seamlessly through their interface.
A word on Outreach
Along with launching this joint initiative, we are supplementing the effectiveness in two ways.
First, we are working with Chainge to leverage a quest platform called TaskOn that will award users additional $KOIN and $XCHNG for performing simple tasks such as following @KoinosNetwork on X, joining our Telegram, and bridging assets to Koinos. The details of this program will be blasted out from @KoinosNetwork once it is available — I hope you all will take advantage.
Second, we are going to work with a handful of KOLs (Key Opinion Leaders) in order to extend the reach of this campaign beyond Koinos’ borders. Obviously it is critical for us to reach beyond our community and spread the message of Koinos — that feeless decentralized technology is the future.
Finally
All of this is possible because of the blood, sweat, and tears by members of our community. I’d like to personally shout out a handful of them: Julian, who has has delivered countless critical components to the ecosystem including Kondor, Fogata, and Arkinos — all of which are absolutely stellar and important pieces of the ecosystem; Justin, who has lead the effort on KCS (Koinos Contract Standards) and developed one of my personal favorite on-chain dApps, Kollection; Adriano, for his innovative vision on blockchain accessibility with his work on Konio and Veive protocol; MiXiBo, for injecting fun and utility into Koinos through his dApp, KoinCity; Ederalang, DoӃterӃraaӃbeen, and Saleh, who have delivered the premier DEX on Koinos with an impressive user-experience, KoinDX. This list isn’t exhaustive, there are so many incredible community members shaping the future of Koinos in both Telegram and Discord.
I’d also like to take a moment to thank my team, Koinos Group. Ron, Michael, and Andrew have all dedicated their efforts to the success of Koinos. Over the last four and half years we’ve tackled countless hurdles together. At no point has anyone on this team doubted the potential of Koinos or let up fighting for its success and I’m honored to be able to continue this journey with them.
I hope you are all as excited about the upcoming events and partnerships as I am. I look forward to hearing from the community and watching our ecosystem grow into the decentralized network it ought to be. Keep an eye out for an upcoming X spaces where I will make myself available for any questions you may have.
Buckle up ladies and gentleman, there’s many exciting announcements to come — it’s time to take Koinos to the next level!
Steve Gerbino
CEO of Koinos Group
