What is Vortex Bridged KOIN (VKOIN)

Unlisted

Koinos is an open-source Layer-1 blockchain whose mainnet launched on November 5, 2022. It uses Proof-of-Burn consensus: block producers burn KOIN to receive Virtual Hash Power (VHP), which gives them the right to produce blocks and is consumed over time, instead of buying hardware or locking capital in a stake. Koinos has no transaction fees. Every KOIN balance regenerates a resource called mana, and mana rather than a fee is consumed when transacting, so applications can be free to use and mana can be delegated to sponsor users who hold no tokens. Smart contracts are compiled to WebAssembly and are written in TypeScript or C++. KOIN is the native token of the network. vKOIN is the bridged representation of KOIN outside the Koinos chain: KOIN locked in the Vortex bridge is minted as vKOIN on Ethereum (ERC-20), and that Ethereum vKOIN is further bridged to Base and Solana through Wormhole. This listing covers the vKOIN token on Ethereum, Base and Solana, which currently hosts the only on-chain trading venues for the asset.