Developed with People at its Core
Transforming Users to Owners
Coiin is a layer 0 Network Protocol that utilizes a novel consensus mechanism powered by immutable proof of user identity and network activity validated by users, applications, and third party node operators. Users & Enterprises are able to access scalable Web3 and AI features powered by custom smart contracts running on dedicated layer 1 blockchain instances on the network.
Made For Mass Adoption
The Coiin technology was developed from the ground up to enable a seamless Web2 like user experience for any person on the planet to access the value of a Web3 powered Global Digital Economy. The company’s go to market strategy is focused on mass adoption use cases including sports, gaming, entertainment, and consumer brands with a large customer base.
The Coiin Network Protocol uses decentralized identity features to enhance security and privacy for businesses and users. All participants will have registered identities with cryptographic credentials. Users provide identity proofs to an independent provider, which validates and provides signed proofs for each identity field. This allows controlled sharing of identity components, empowering users, offering verifiable user identity for businesses, reducing risks, and ensuring compliance with privacy regulations.
It employs cutting-edge AI algorithms to interpret and analyze the recorded actions on the distributed ledger tied to each user’s unique cryptographic keypair and behavioral data footprint. By harnessing the power of machine learning and predictive analytics, Coiin provides real-time insights and a comprehensive overview of user behavior, patterns, and trends.
User Actions encompass both direct on-chain behaviors and on-chain proof of user identity factors, with scores being normalized and weighted based on actions and identity factors verified through the Coiin console.
The Coiin Network architecture defines the creation and interaction of three blockchain layers to provide consensus and a spectrum of trust for verification of any data. The combined layers are used to promote continued improvement in user reputation via increased identity and behavior information on a trustless network. The architecture allows independent creation of multiple AI/ML behavior applications by network participants.
Utilizing a novel blockchain architecture, users of any system can effortlessly verify all events on the network. The web or mobile application automatically generates and registers a cryptographic key pair for the user, with which every user action is signed. This signature allows every user to act as a blockchain node via normal application actions, which improves security with direct and powerful authentication and authorization.
Enterprises, Applications, Networks, or Systems can deploy dedicated Layer 1 EAL nodes to host private enterprise chains and enable access to Web3 tools such as identity, tokens, NFT’s, smart contracts, and a full suite of enterprise integrations. EAL deployments protect proprietary business processes and data by deploying smart contracts within Docker containers, allowing developers to code in any software language.
The Network Validation Layer is comprised of Independent and Proxy Validators who finalize all verification on the Coiin network. Validators establish identity and economic information to compete for Validator reward incentives. The NVL Proxy Validators participate via non custodial staking of Coiin to the network master node. The NVL Independent Validators run light weight dedicated nodes that are operated via consumer level mobile or desktop CPU to ensure scalability, sustainability and economic viability.
Built on the Coiin Network Protocol, Raiinmaker is a Web3 Mobile AI App that rewards creators for generating and sharing content to social platforms. Founded in 2018, Raiinmaker has distributed over $1M in crypto rewards to its users to date.
Utilizing Coiin, Raiinmaker’s Proof of Influence (P.O.I.) behavior smart contract, measures and tracks social media engagement data. It then distributes fractional rewards to users based on custom identity, behavior and business data parameters and hashes it on the blockchain.