There are a lot of cool features that make Kin (KIN) an interesting network to watch. For one, the project is among the first major social messaging tokens to take flight. Notably, KIN is the digital currency created to support the Kik messenger platform. As such, it was launched to an already ready and waiting audience of millions of users.
KIK Messenger
The KIK messenger is a free-to-use digital chat service. Users can send text, images, and videos to each other in an encrypted manner using the network. Notably, KIK is hugely popular and is available on both Android and iPhones as a Free download. It has managed to carve a niche in the crowded market due to its unique features.
Unlike the competition, KIK users can group chat with up to 29 other users a the same time. Additionally, the network was one of the first to offer anonymous chat services. Now they are keeping in line with the pioneering trend via their integration of KIN tokens.
What Problems Does Kin Attempt to Fix?
Kin seeks to solve multiple problems that have plagued both the crypto and messaging markets since day one. For messaging services, there is no clear way to conduct low-cost commerce in a p2p manner. Cryptocurrencies serve as the perfect solution for this issue.
KIN can be sent directly between users via the click of a button. The process is simple and straightforward. As such, KIN also helps to solve roadblocks to adoption. Early cryptocurrencies struggled with finding an audience of people and training them how to enter the network and use it. However, KIN is integrated into an already in-use protocol. As such, adding crypto services to the network will be seamless for the user.
Lack of Mobile Focus
Another issue that Kin seeks to solve is the lack of mobile-focused tokens. KIN is one of the first tokens to focus solely on the mobile market. The token was designed to be able to support the growing number of mobile applications in operation today. Developers can integrate and use this token in their creations as well.
Lack of Participation
It is difficult to get people to chip in and participate in digital communities at times. The introduction of KIN will help drive participation through incentivization. Users can secure KIN by promoting causes and participating in other network-related jobs and options.
Lack of Security
There have been several high-level hacks in the crypto market recently. Sadly, every time a hack occurs it hurts the entire market. The media isn’t informed or doesn’t care enough to differentiate between good and bad crypto networks.
Security has been a priority for Kin since day one. The sheer size of the Kin community means that KIN had to be secure and ready to go on day one of the launches. The network was smart about its approach as they even used KIN as a way to host bug bounties. Users secure returns when reporting bugs and other errors in coding during these events.
Benefits of KIN
There are a lot of benefits gained by integrating KIN into the Kik platform. For one, anyone can now earn, send, and share value with others globally. For people who depend on remittance payments globally, this is a real game changer. The streamlined nature of the system will save these users money and time.
Additionally, users can spend their KIN on goods and services within the Kik platform. Also, the network has several strategic partnerships and upgrades that make owning KIN a huge plus. You can gain access to exclusive content and more using KIN as your entry.
Deeper Engagements
Kin helps content creators develop deeper connections with their fans as well. They can offer KIN tokens to followers that can be used to access top-tier content, experiences, and services. This structure provides profitability and trackability to the equation. It also ensures that content creators receive compensation for their efforts and results.
The Kin Ecosystem
Another major plus for the Kin project is its sheer size. There are already 9 million unique holders and 1.8 million monthly active users on Kik. As such, the Kin ecosystem is massive compared to projects that launched on their own. It includes +50 Web, Mobile, and Gaming apps, with more added monthly.
How Does Kin Work?
Notably, the team at Kik decided to go with the Solana blockchain to support KIN. This decision provides the token with advanced scalability and a host of other protections. Notably, KIN has seen considerable growth since its launch and is currently the most-held token on Solana. Specifically, 20% of all active wallets on Solana are KIN wallets.
KIN can be earned by any Kik user for their efforts in the community. You can secure KIN by referring brands or interacting with their offerings. You can also secure returns by finding bugs or doing other network-related tasks. Developers may also use KIN to incentivize users.
KIN Wallet
The KIN wallet is an integrated part of the Kik platform. Users can easily send and receive tokens directly to their accounts using this option. The streamlined nature of the wallet makes it one of the easiest options for new crypto users to operate.
Kin (KIN) – The Start of the Social Coin Revolution
You have to hand it to Kin (KIN) for their accomplishments to date. It has long been at the forefront of major social media networks to create and integrate a crypto token. However, networks like Facebook or Twitter have had no luck as regulators have been very distrustful of their intentions. Kik managed to avoid these controversies and beat all the competition to the punch. As such, it is now secured a top spot as one of the first social media tokens in use.
