A new blockchain project called Koinos launched on October 13th, 17:00 UTC.
Snapshot data has been taken from etherscan.io.
| Date | No. Addr. | Koin Mined per Week | Total Koin Mined |
|---|---|---|---|
| 18.10.2020 | 425 | 3'911'956 | 3'911'956 |
| 25.10.2020 | 502 | 4'745'598 | 8'357'554 |
| 01.11.2020 | 530 | 5'879'730 | 14'237'284 |
Number addresses holding Koin increased by 5.6% over the course of one week. Amount Koin mined grew by 70%, or 5'879'730 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. Distribution among the top accounts is flattening out.
Notes:
- The address currently ranked 5th, ...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
| Date | Max | Mean | 75% | 50% | 25% |
|---|---|---|---|---|---|
| 18.10.2020 | 629361.01 | 86169.76 | 3789.62 | 1227.76 | 328.21 |
| 25.10.2020 | 685370.77 | 96329.41 | 6739.93 | 1744.09 | 402.09 |
| 01.11.2020 | 1000001.00 | 140954.10 | 12289.93 | 2065.30 | 513.07 |
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 0.81, 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 0,02. Dropping by 33%. from last week.
Summary
14.2% 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 33% .
| Date | Gini | HHI | Max | Mean | 75% | 50% | 25% |
|---|---|---|---|---|---|---|---|
| 18.10.2020 | 0.81 | 0.06 | 629361.01 | 86169.76 | 3789.62 | 1227.76 | 328.21 |
| 25.10.2020 | 0.82 | 0.03 | 685370.77 | 96329.41 | 6739.93 | 1744.09 | 402.09 |
| 01.11.2020 | 0.81 | 0.02 | 1000001.00 | 140954.10 | 12289.93 | 2065.30 | 513.07 |