KONET

KONET Rank #1403

$0.0172▲ 0.25%24h

Low $0.0167High $0.0178

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Market cap$8.18MRank #1403

Fully diluted value$8.18M

Volume (24h)$2.4KVol / Mcap 0.03%

Circulating supply474.93M47.5% of max

Total supply474.94M

Max supply1000.00M

All-time high$0.9812Aug 30, 2024

All-time low$0.0116Jul 17, 2026

What is KONET?

Overview

KONET operates as a Layer 2 scaling solution designed to process smart contract transactions with improved efficiency and security. The network supports decentralized applications and uses advanced mechanisms including EIP-1559 for fee burning and PoSDAO for community-driven governance.

How it works

KONET is built on Proof of Stake consensus, replacing traditional mining with validator participation. The network incorporates fee-burning mechanisms and decentralized autonomous organization (DAO) structures for decision-making, creating a framework for stable validator participation.

Token and supply

KONET is the native asset of the blockchain, used for network fees, staking, and governance participation. Maximum supply is capped at approximately 1 billion tokens, with a total supply of about 474.9 million tokens currently in existence.