Koii Network is finally here!
It’s not surprising that the future of data ownership could be the key to fixing everything that is wrong with the Internet. In just three decades, the web has become the primary source and repository of all human knowledge. As usual, our legislation has a long way to go to keep up.
We in the cryptocurrency community have already started making our own rules, and we believe that atomic NFT is the next step in that journey.
This standard is the result of a huge amount of brainstorming and is only possible because of the amazing work of the Arweave team on Smartweave standards and the pioneering work on projects like Arweave and Kyve that have paved the way.
What is NFT?
Non-exchangeable tokens are any crypto asset that is unique or has limited interchangeability. They are generally expected to become the new standard not only for media and art, but also for things like land titles and business contracts.
The Koii protocol tracks attention on the open Internet to fairly reward valuable content. The Koii node network provides faster, cheaper, and more useful ways to create decentralized, chaining-independent, cross-compatible applications.
The breakthrough innovation of Koii-it is a scalable consensus protocol that tracks attention on the decentralized Internet to encourage robust or creative stakeholders. This serves as the base layer of the Koii DApp developer platform, which provides the security, transparency, and enabling performance benefits of blockchain-based technologies in just a few lines of code.
Protocol Factory: The Koi network provides everyone with the tools to implement a labeled protocol using a standardized incremental consensus process. Koi software libraries make it easy to implement a number of scalable solutions and deploy them to existing nodes using Koi Tasks.
Profitable Digital Media: Koi nodes work continuously to collect traffic logs from registered gateways. Every 24 hours, a vote is held to distribute 1,000 KOIs by analyzing traffic data and awarding the most sought-after content with KOI tokens. The network provides a new way to monetize digital media in a variety of applications and configurations.
Priceless Immutable Consensus: Shared participation in the Koi network is tax-free by default (although participation rights are regulated through betting). Bundler nodes receive an incentive for batch processing of consensus data, receiving a share of the daily KOI for this service.
Koii-X
Koii-X is a Koii platform that allows you to quickly run decentralized applications as well as built-in incentive mechanisms. Arweave’s unique storage network allows the creation of scalable, second-tier applications using Koii nodes for security services. Using the Koii command-line interface, developers will soon create applications that scale quickly to meet their needs. Koii provides this scalability by creating flexible sidechains on top of Arweave permaweb. This infrastructure provides free node interoperability and increases interoperability.
Koii.rocks
Koii has already developed a decentralized platform for NFT. The Koi.rocks platform continuously archives each NFT and rewards creators based on traffic tracked by the protocol. They collaborate with digital artists to ensure that their work is securely stored and their property rights are protected.
Finnie Wallet
Finnie Wallet is the newest tool from the Koii network, where you can create NFTs in less than 1 minute, for less than $0.01. (It takes about 2 minutes to set up.)
The Finnie Wallet has some really cool features that make NFS and digital art more accessible to a wider audience:
· Hold multiple tokens;
· Create NFTs in an inexpensive and sustainable way;
· Collect NFTs with constant access to the digital media file itself, not just the URL; And
· Earn crypto whenever people admire your collections!
Token utility
$KOII is a utility token for the Koii network. The $KOII token serves several useful purposes in the ecosystem.
· Attention game: KOII can only be generated by getting validated attention through a port. Users can spend their tokens to mint or buy digital assets and burn them to register those assets for attendance tracking.
· Asset Management: Once assets are created, the network provides services to manage and enhance their usefulness. Some examples of digital asset services include personalized galleries, file caching and accessibility, ad placement, content enrichment, indexing, and even validation from verified DIDs.
· Distributed tasks: Finally, Koii nodes also provide task services through incremental consensus. A task can be programmed from an existing template and deployed using KOII tokens. Once deployed, the task will be executed autonomously by the nodes to get a share of the generosity tokens. Typical tasks range from cleaning web pages to messaging but can be modified to include any executable script if other nodes can check it.
When a developer deploys an app with Koii, they pay tokens to register the app, set a service fee, and then earn KOII based on the attention they receive.
