Kik’s Kin Cryptocurrency Apps Start to Populate on Google and Apple’s Mobile App Stores
Numerous mobile apps developed on Kin, Kik’s crypto started to make its debut on Android Play store and Apple App Store. As much as 10 have already made an appearance with reportedly 30 more on their way.
Kik, the Canadian mobile messaging company, was among the first VC-backed tech companies to raise money in an ICO. Before its ICO, Kik raised over $120 million in venture funding. Kik, the Canadian mobile messaging company, was among the first VC-backed tech companies to raise money in an ICO. Before its ICO, Kik raised over $120 million in venture funding. Kin was issued at a price of $0.0001 USD apiece or 0.00000043 ETH. Currently, it is valued at $0.000051 with a total market cap of $38.5 million which gives it the 136th rank.
Given below is the list of apps that are currently live on Google Play:
Reveald (dating), Kinguist (language learning), Nearby (networking), GoChallenge.me (social goals), AddMe (business networking), Find (travel networking), Vent (mental health) and Kinny (social tipping), while these two are available for download on AppStore: Blastchat (instant messaging) and Pause For (productivity).
Ayelet Laub, the product manager at Kin has said that they are building an ecosystem where one has the ability to earn and spend in Kin. He added that the team is looking for a good method to deposit and withdraw Kin in a user-friendly manner.
Kik’ founder, Ted Livingston’s vision is to make Kik the must used crypto in the world. His philosophy is to make the smallest amount of money transferable to any part of the world seamlessly. Originally Kin was developed for Ethereum, however, now most of its functionality is on Stellar. A major reason behind it is that Kik required to process a high number of transactions for no charge.
There is a major upgrade required around the Kin ecosystem. It is not possible to deposit or withdraw kin. However, the company’s developers are hard at work on it.
Kin has taken a fresh approach when it comes to wallet creation. Normally, decentralized applications ask their users to connect their own wallets. This leaves the app vulnerable to hacking of wallet details. In Kin, each app creates a new wallet.
Startups can easily use Kin for monetization. Kin has something called a Kin Rewards Engine (KRE) which enables daily payouts. Although KRE is not live yet.