Kin Coin is used as money in the digital ecosystem of consumer apps and services. It was first released as the Ethereum ERC20 token and was designed to be the main coin in the Kik ecosystem. Detailed information about what is Kin coin (KIN), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about CEEK coin.
What is Kin coin (KIN) and how does it work?
KIN Coin is used as money in the digital ecosystem of consumer apps and services. It was first released as the Ethereum ERC20 token and was designed to be the main coin in the Kik ecosystem. Kik initially launched a reward point system, not a cryptocurrency called Kik Points, which ended in 2017.
Kik raised $100M for the ICO in September 2017. The purpose of the coin in question is stated as “strengthening ties in the Kik community”. KIN is a digital currency created by the Kik team, earned and redeemable within the app.
The Kin project, which collected approximately 100 million dollars by making the first token offering (ICO) in 2017, attracted attention with this success. The project continues to attract attention from altcoin investors, although there is a lawsuit later on whether its ICO sold unregistered securities. It was acquired by MediaLab, one of the leading companies in the industry, in 2019.
The Kin blockchain was developed to create a new ecosystem that puts users and content creators on the same team. Kin focuses on engaging users rather than turning them into products, allowing everyone to achieve together. In this way, the platform eliminates the distinction between us and them, thanks to a new perspective on value that has never been seen before.
In this project, a more useful platform is obtained by eliminating user data collection in traditional methods and the amount of likes that do not benefit anyone. Thanks to new usage scenarios, it allows to earn on software that encourages the creation of value for KIN coin and also allows the exchange of value between users.
How to buy Kin coin? How much is the KIN token price?
Kin coin can be purchased from crypto exchanges where it is listed. but it is necessary to make sure that the exchange is “trusted”. KIN coin price is around $0.000108 as of December 2, 2021 (price can change instantly).
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency
