Kin (KIN) – Billionaire365

Canadian Messaging App, Kik, Launches Kinit To Increase Adoption Rate For Kin (KIN) Crypto Token

The Canadian messaging application Kik has just rolled out its first beta application named Kinit, which is linked to the company’s Kin (KIN) crypto token, as reported by TechCrunch yesterday, July 18th. The release follows Kik’s very successful Initial Coin Offer (ICO), which collected $100 million.

The ICO for the Kin (KIN) token came to an end in September 2017, after garnering almost $100 million from over 10,000 entries in 117 different countries. At first, the company was hoping to obtain $125 million.

Kinit is a wallet application developed for an interactive user experience, where people can earn Kin (KIN) by participating in quizzes and viewing interactive clips. Users can trade Kin (KIN) for gift cards from top brands and significant merchants, and also transfer tokens between each other within Kinit.

Kinit is the first public application dedicated to Kin. Our goal with Kinit is to put Kin (KIN) in the hands of more consumers. It is an important step in making crypto truly consumer-friendly through fun and engaging experiences, and we plan to learn and iterate based on user behavior in the real world.

Rod McLeod, Kik’s vice president of communications

The Canadian messaging application, Kik, to increase the adoption rates for its proprietary Kin (KIN) crypto token with Kinit

Kin is an Ethereum blockchain-based ERC20 token to provide liquidity and is rolled out on the Stellar network to boost the transaction speed. Based on TechCrunch’s press release, the Canadian messaging application’s representatives spend approximately $3 million on token developments via its KinEcosystem website.

The Kinit application is reported to be the first attempt to get mainstream users to adopt the Kin (KIN) crypto token.

At the beginning of this year’s spring, Kik announced its intention to team up with Unity Technologies, a video game firm, in a movement aimed at promoting the Kin (KIN) crypto token adoption throughout the gaming industry. As the spokesmen of Kik, the Canadian messaging application, reported back then, the move would “bring this cryptocurrency [Kin (KIN)] to millions of game developers.”

As we speak, Kin (KIN) trades at $0.000170.

Anna Galvez

Kin (KIN) Token Integrated As Payment Method From Premium Content In Kik Instant Messaging App

Kin (KIN), a token developed by the company responsible for creating the Kik instant messaging application, can be used to customize the chat windows within the app. That is expected to be just the first phase of a series of uses that Kin token will have within the messaging platform.

The announcement of this launch, called Kin-Powered, was highlighted in a June 27th publication on the Kin Foundation’s official blog. The product strategy that will integrate the Kin token into the Kik instant messaging application will, in principle, enable the use of custom chat premium themes which can be accessed only by using the token and not with fiat money.

This integration is just the first step of the new plans to increase Kin (KIN) adoption

This integration will be the one that will lead to the creation of an exclusive market for Kin, a cryptocurrency created for the decentralization of digital services that does not yet work with any digital service and that is currently in the 76th position, according to the CoinMarketCap.

According to the announcement, a specific survey study was carried out to observe the behavior of Kik’s users. Although the survey revealed that users were more interested in other features that other chat providers offer, Kik instant messaging app’s team has integrated the Kin (KIN) token as a payment method for the customizable premium content within the application because it has been one of the requirements coming from users.

Similarly, at the end of March, the Kin Foundation team announced that it would work with the developers of Unity video games to offer a monetization option to suppliers who incorporate Kin (KIN) payment method into the games. These games are Dead Frontier, Crossy Road, and Pokemon Go.

Kin Foundation suggested this is just the beginning of the new plans they have to increase Kin (KIN) cryptocurrency adoption.

Anna Galvez