Kin Kin

Kin

Created using Figma
Created using Figma
Kik Interactive Inc. is creating a cryptocurrency as a first step to launching a decentralized ecosystem of digital services. The Kin cryptocurrency will first power a digital economy inside of Kik, and then will serve as the basis of interoperability with other digital services in the Kin Ecosystem.
Risk: High
Sep 10, 2017
Sep 30, 2017
100% completed
$48 594 816
100% goal completed
past

About Kin

Our Motivation

Digital services, such as chat apps and social networks, are bringing together communications, information, and commerce in new and unprecedented ways. For future generations, this will be a natural and core aspect of their daily lives.

At the same time, more and more of these services are controlled by a diminishing number of companies. If left unchecked, a few private companies are poised to exercise absolute authority over the digital services everyone uses, effectively eliminating consumer choice on a global scale.

Our Vision

Decentralization provides a sustainable way forward. We believe that a broad group of participants can come together to create an open ecosystem of tools for digital communication and commerce that prioritizes consumer experience. As a key player in the chat space, we are compelled to lead the change required to bring a fair and user-oriented model for digital services to the market.

Kin is a cryptocurrency designed to bring people together in a new shared economy.

Envisioned as a general purpose cryptocurrency for use in everyday digital services, Kin will be used for all transactions within the Kin Ecosystem. Implemented on the public Ethereum blockchain as an ERC20 token, Kin will serve as the basis of interoperability with other digital services in the Kin Ecosystem.

Kik will be the first digital service to join the Kin Ecosystem.

Kin will power a digital economy inside of the Kik app. With millions of users, Kik will drive mainstream consumer adoption of Kin, establishing fundamental value for the cryptocurrency. By natively integrating the Kin wallet into the app, it will instantly become one of the most adopted and used cryptocurrency wallets in the world.

The Kin Rewards Engine is an innovative cryptoeconomic structure intended to promote the use of Kin as a common currency.

Through the Kin Rewards Engine, Kin will be introduced into circulation as a daily reward, to be distributed among stakeholders by an algorithm that reflects each community’s contribution to the overall ecosystem. This economic structure will create a natural incentive for owners of other digital services to adopt Kin and become partners in the Kin Ecosystem.

The Kin Foundation will act as the non-profit governance body for the Kin Ecosystem.

The Kin Foundation’s mandate is to grow an open ecosystem of digital services that consumers can easily explore and find value in, while giving developers an open and sustainable platform to build, enhance and monetize those services. Over time, the Kin Foundation will ensure the delicate transition of the Kin Ecosystem into a fully decentralized and autonomous network.

Features

- Will be the unit of account for all economic transactions within the Kin Ecosystem, and it will serve as the basis of interoperability with other digital services
- Kin is a pure cryptocurrency of fixed supply. It is fractionally divisible and long-term noninflationary
- Most of the Kin supply is reserved for the Kin Rewards Engine
- Kin are fungible and transferable, and they will be expected to trade on cryptocurrency exchanges
- Provides choice and incentives for users and developers

Materials

Kin

Activity

Followers:
25 314
VERY HIGH
Tweets:
537
VERY HIGH
Alexa
Rank:
43 916
VERY HIGH
Delta:
1 170

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ted Livingston
Founder & CEO
unverified
Peter Heinke
CFO & COO
unverified
Eran Ben-Ari
CPO
unverified
Dany Fishel
President
unverified
Alim Dhanji
CPO
unverified
Erin Clift
CMO
unverified
Dave Simons
SVP Engineering
unverified

Last News

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