Foreword Welcome to the first edition of GIN Platform s COIN REPORT. In an effort to get the growing community engaged and participating in GIN s governance, masternode voting was introduced to give holders a voice on the matter of new coins to be added to the platform. The COIN REPORT is a bi-monthly publication that offers an objective analysis of the coins applying for listing on the platform, meant as an easy to read digest to complement the users own research. It will be released two days before each voting session. All the research is conducted by selected community members under previously established analysis criteria. This report doesn t aim to represent any form of financial advice nor any kind of endorsement of the featured coins. Team Hindsightoshi Editor-in-chief @hindsightoshi Tiamo Contributor @itiamo Tipmebits Contributor @tipmebits Ghebortz Designer @gincoin_crypto
Overview After the application process is fully in order, the team will research each coin guided by a set of pre-established analysis criteria. These analysis components remain the same across the board and are the foundation of the rating system we apply. The rating is not meant to compare coins but rather to present an objective outlook to the readers and eliminate as much as possible our own subjectivity from the process. The coins are evaluated against the criteria we have chosen as adequate, not our opinion and bias. The facts we come across dictate the review. We also invite you to read the write-up on each topic of interest. For transparency sake, our readers will have access to a comprehensible public spreadsheet where the coin scoring should be unambiguous. Look for the link in each coin page. Due to time constraints from the applicant coins to meet the requirements before the scheduled voting, this report will only feature one coin, KALKULUS (). Coins in this report Kalkulus Pages 4-13
General Information Kalkulus is a decentralized digital asset that offers blockchain based solutions enabling instant transactions to anyone, anywhere in the world. (from Kalkulus website) Algorithm N/A Ticker Block time 1 min Block reward 15 Total supply 20M MN reward 90% POS & MNs / 10% Budgeting System MN collateral 20000 Premine 6.5%
General Outlook Kalkulus initial project dates back to late November 2017. It got a complete overhaul mid to late March 2018 when masternodes were first introduced. The website is presented in a professional fashion and offers a detailed overview of the coin specifications. The Bitcoin Talk ANN is detailed and critical questions have been addressed by the team. The developer team has chosen to be anonymous and the white paper release has been delayed due to many planned developments potentially changing the business direction. We were able to gather that there s a strong emphasis given to the community participation through the governance model; where some proposals have already been submitted to voting. Existing community is of average size with a relatively small presence on social media. The project is featured on some masternode stats and portfolio sites but is absent from CoinMarketCap.
Team Kalkulus team is anonymous and per Bitcointalk ANN they feel no reason to list their identities or previous experience. They have informed us the team is comprised of four members. Positions are almost exclusively technological with some roles crossing over to marketing. During the life of the coin they have completed a coin swap to a new blockchain to implement masternodes and recently completed a fork to fix a mining vulnerability showcasing some technical experience. Notable partnerships: Blocknet (atomic swaps and dapps development) however this is not currently live.
Technology Blockchain Kalkulus is a modern PIVX fork, it includes its features such as the see-saw pattern and the stake split threshold wallet option for optimal staking, along with many of its Remote Procedure Call (RPC). Kalkulus had a 5000 block proof-of-work period with the Quark algorithm, rewards being split 80/20 between miners/masternodes, and is now proof-of-stake/masternodes only. The minimum stake age is one hour, with no minimum stake amount. You can stake off-chain with a Discord bot. The masternode collateral is set at 20000 KLKS. The blocktime is 60 seconds, with a 15 KLKS reward being split between proof-of-stake and masternodes according to the see-saw pattern. In the future 10% of the block reward will go to the Governance Budgeting System. The reward will stay the same until the maximum supply of 20,000,000 KLKS is reached.
Technology Code The wallet code is hosted open source on Github. All commits are public and can be reviewed. The wallet code builds easily on Ubuntu 16.04.1 LTS and matches the wallet releases. The community does not help in the development of the blockchain code. Wallets The Kalkulus wallet is available on all platforms, Windows, macos, Linux, and even Arch Linux ARM, in both 32 and 64 bit versions. The wallets are based on Bitcoin Core implementation. There is no mobile wallet, web wallet or other original wallet. The wallet seeds work perfectly and the chain itself syncs fast, making for a good user experience, with an interface that is familiar for the end-user. Emission Distribution Currently, 40% of all the coins in the network are staking for a total of a little over 4000000 coins. A little bit concerning is the fact that the top two staking addresses holding 6% of the total supply bring in 21% of all staking rewards. A better distribution would be favourable. Currently there are a 176 active masternodes to split the masternode rewards. This is a good amount. The ROI is not massive and the inflation is under control.
Technology Innovation Kalkulus has a few different projects on their roadmap that is listed on their website. They also have a few finished projects such as a masternodes statistics dashboard and a Discord staking/betting/tipping bot. A mobile staking wallet built into a Raspberry Pi is in the works but no release date has been set, although a few pictures of the prototype have surfaced. Viability We rate their roadmap projects as viable. The developers prove competent and the projects on the roadmap are not unattainable. Masternode Support There is an official guide on the Kalkulus website, aided by gifs and an official install script. Masternode set-up is easy. There is a Discord channel for masternode support and the developer often helps out as well as members of the community.
Financial Premine Developers held 18% of the coins at original launch. Some of these coins were sold as a presale on the first KLK chain but many were still available to developers after the coin-swap from KLK to KLKS. The remaining coins have since been moved to a development fund (approximately 6.5%) Development Fund There is a current developer fund with leftover coin-swap/presale coins amounting to around 1.3 million coins. 200K of these coins will be made into 10 masternodes creating future value for the treasury fund. The remaining coins will be allocated as the team sees fit for benefiting the platform. A future implementation of 10% per block reward will also be added to the Governance Budgeting System. The Kalkulus community can create and vote on proposals on how to spend the funds.
Financial Rich address list There s a high concentration of coins on the top 10 addresses (nearly 25%) although we cross-checked with the supply held on CryptoBridge being in excess of one million coins. Market volume profile (daily) Volume is low, amassing less than 1 BTC per day.
Overall Rating 1.5 Click here for the detailed scoring General Outlook Team Technology Financial 1.89 1.0 1.86 0.8