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What Is Kin?
Kin is a decentralized cryptocurrency designed to integrate easily across Mobile and Web Apps. It has a built-in incentive model that rewards developers for increased usage. Apps built with Kin get paid for creating compelling cryptocurrency-based user experiences. Greater engagement results in shared economic benefits for users and developers. Initially launched in 2017 as an ERC20 token on the Ethereum blockchain, Kin has since migrated to the Solana blockchain, enabling swift transactions with minimal fees. The Kin ecosystem currently has over 60 million wallets and has distributed over $70 million in rewards across 60+ apps.
How Does Kin Work?
Kin tokens enter circulation via the Kin Rewards Engine (KRE), which rewards developers for creating cryptocurrency-based experiences. The KRE offers a sustainable and fair monetization model that incentivizes the adoption of new use cases and the creation of value for Kin. Kin provides easy integration for developers through out-of-the-box tools and SDKs. The distribution and algorithmic logic of the Kin Rewards Engine are overseen by the Kin Foundation, a non-profit organization. No more than 10 trillion Kin will ever exist in the Kin ecosystem by the end of the distribution period.
Where Can You Buy Kin?
You can buy Kin on any cryptocurrency exchange that offers the digital currency. It is recommended to do your own research before choosing an exchange.
How to Start Building With Kin?
If you're interested in integrating Kin within your app or business, you can visit the Kin developer landing page to get started.
Answers
What Is Kin?
Kin is a decentralized cryptocurrency specifically designed to seamlessly integrate across Mobile and Web Apps. It features a built-in incentive model that rewards developers for increased usage. Apps built with Kin receive payment for creating engaging cryptocurrency-based user experiences, where greater engagement leads to shared economic benefits for both users and developers. Initially launched in 2017 as an ERC20 token on the Ethereum blockchain, Kin has since migrated to the Solana blockchain, enabling fast and low-fee transactions for consumer-scale apps. Currently, the Kin ecosystem has over 60 million wallets and has distributed over $70 million in rewards across 60+ apps since its inception.
How Does Kin Work?
Kin tokens are introduced into circulation through the Kin Rewards Engine (KRE), an incentive-based revenue model that rewards developers for creating compelling cryptocurrency-based experiences that contribute to the value of Kin. The KRE establishes an economy that prioritizes users and developers, offering a sustainable and fair monetization model that encourages the adoption of new use cases and the creation of value for the cryptocurrency. It also promotes the exchange of value between users, as opposed to exploiting user data and attention without benefiting the users themselves. This alternative monetization model aligns users and developers around a shared digital economy, where content creators and users are rewarded for the value they bring to the platform, rather than benefiting big-data monopolies.
Kin provides developers with the fastest and easiest path to integrate cryptocurrency into their web and mobile apps. It offers out-of-the-box OS tools and technologies, along with a wide array of plug-and-play SDKs. Kin's SDKs simplify the complexities of cryptocurrency integration, allowing developers to focus on creating exceptional in-app experiences where users can earn and spend their Kin tokens. Designed for mainstream adoption, Kin removes the barriers faced by developers, providing a quick, easy, and intuitive cryptocurrency development experience.
The distribution and algorithmic logic of the Kin Rewards Engine are overseen by the Kin Foundation, a non-profit organization based in Ontario, Canada. Undistributed Kin is held in an institutional-grade treasury, which is controlled through a series of vesting periods, inflation guidelines, and fiduciary custody controls to ensure the secure transfer and proper use of funds. The total supply of Kin in the ecosystem will not exceed 10 trillion by the end of the distribution period. The large supply enables mass adoption by users worldwide while transacting in whole-number denominations instead of decimal places.
Where Can You Buy Kin?
Kin can be purchased on any cryptocurrency exchange that supports the digital currency. It is important to conduct your own research before selecting an exchange. For the latest list of exchanges and trading pairs for Kin, please refer to our market pairs tab.
How to Start Building With Kin?
If you are interested in integrating Kin into your app or business to contribute to a better digital world, you can visit the Kin developer landing page to get started.
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Popular Q&A
- I've been looking to buy Kin coin and I was wondering if it's possible to purchase it using PayPal. Can I use my PayPal account to buy Kin coin?2021-12-24
- I want to buy Kin coin using USD. How can I do that?2021-12-24
- I want to know the current price of Kin coin and how I can track its value. Can you provide me with the latest price and some ways to keep track of its value?2021-12-24
- Can you explain the significance and impact of the Kin Foundation in the cryptocurrency industry? What role does it play in the development and adoption of digital currencies?2021-12-24
- What are the ways in which the Kin Foundation can assist individuals and businesses in adopting digital currencies?2021-12-24
- Can you provide a detailed comparison between the Kin chart and other digital currencies?2021-12-24