Kin Is The Most Active DApp On The Ethereum Blockchain
Reportedly, the KIN digital currency, a token created by Kik Interactive, is the most active decentralized application platform on the Ethereum blockchain. As per statistics provided by the Kin explorer, a service that keeps a record of activities on the Kin network, the distributed ledger has had over 8,600 active users over the last 24 hours. To put this into perspective, all the other DApps on the Ethereum blockchain have an approximated 7,700 active users.
The increase in activity on the Kin platform is attributed to the introduction of tow services on the network, namely the Kik messenger beta and Kinit. These two apps reward users in KIN for completing several tasks such as surveys, quizzes, sharing, and giving feedback.
The popularity of Kinit recently received a major boost after leading energy drink manufacturer Red Bull subscribed tie the service. As a result, the company became the pioneering corporate giant to give clients an opportunity to earn rewards in the form of the KIN token. Besides, the Kin ecosystem is expected to undergo further development after the establishment of a $3 million development program for the creation of more applications on the distributed ledger network. as of now, the AltDex 100 Index ranks KIN at position 64.