![]() Some of the advantages the KIN token has over other cryptocurrencies are:Ī new vision of digital services governance. In addition to serving as the native currency for the Kik chat platform, an entire ecosystem of communications-based products and services are being built around the Kin platform. Within the Kik platform, Kin can be spent for “shoutout messages,” tipping other users, bot monetization and brand missions. The Kin Rewards Engine takes heavily into consideration the potential for manipulation and is designed to be “resistant to the abuse and economic vulnerabilities inherent in a decentralized network context.” Users will be able to redeem their KIN at the Kin Marketplace Beta for gift cards from retailers like Amazon, AMC Theaters, and Google Play. In order to bring participants into their network, they have developed a “rewards engine” that distributes KIN to users based on an algorithm used to determine their merit of positive impact on the network. Kin is an ERC20 complaint token that is integrated into the Kik chat platform and Kin Ecosystem. The Ethereum contract for KIN designated the creation of a total of 10 trillion tokens. ![]() In July 2018, they released the beta version of their first mobile app, designed to integrate participating services with a KIN cryptocurrency wallet. KIN was listed on exchanges the following month and briefly surpassed a market cap of $1 billion in January 2018. ![]() First distributing tokens to Kik users in September 2017, Kin concluded its ICO token sale later that month, raising almost $100 million in project funding. Kin was originally developed by Kik Interactive, creators of the chat platform Kik, and announced to the public in May 2017. They aim to create an alternate ecosystem of digital content that is fair and open to application developers, using Kik as a platform to help spread the adoption of the KIN token. The goal of Kin is to use the blockchain to bring communications, information, and commerce together in new ways previously unachievable. Kin (KIN) is an Ethereum-based token that is the native currency for the Kik chat platform. Describing themselves as “a fair and open digital services ecosystem,” Kin is a blockchain-based network of digital services providers, known as the Kin Ecosystem.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |