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RE: Koinos Will Use Proof Of Burn Consensus Algorithm

in LeoFinance3 years ago

Don't take my word for Koin to be sitting with the top coins at some point in time. It may happen.But it may not happen as well. After the relauch of Koin token, it may not even get any traction. We dont know. The crypto universe is quite unpredictable. Other projects and chains maybe favoured. In the end the value of a token is determined by its usage. Though Koinos chain has good cards to build an ecosystem, the development/crypto business market have to see the benefit in adopting the Koinos chain. Speed and cost to Ethereum, and Ethereum-likes may not be an issue anymore with the L2 solutions in and coming to the market, hence a reason less to adopt yet another none-Ethereum like chain. But that said, Koinos has good cards in my honest opinion. Therefore HODLing a bit of tokens maybe not be that bad... NOT FINANCIAL ADVISE, JUSTMY PERSONAL OPINION {have some gamble like part that plays a role in previous statement}