If you wonder WTF is $Kin!? It's a Cryptocurrency created by Kik.
Kik is introducing an open source cryptographic token - $Kin, which is envisioned as a general purpose cryptocurrency for use in everyday digital services such as chat, social media, and payments. $Kin will be the unit of account for all economic transactions within the $Kin Ecosystem, and it will serve as the basis of interoperability with other digital services.
In character, $Kin is a pure cryptocurrency of fixed supply. It is fractionally divisible and long-term non-inflationary. However, as described below, only a small portion of the $Kin supply will become liquid in the near future, as most of the $Kin supply is reserved for the $Kin Rewards Engine. Like other cryptocurrencies, units of $Kin are fungible and transferable, and they will be expected to trade on cryptocurrency exchanges.
Why to invest in $Kin?
- Kik will use it in it's app, Kik Messenger - which have over 300 milion registered users, so it already have a user base.
- Their team did a test on a sample of 10.000 users, so it's not just a rumor, it's a fact. Some stats are here.
- $Kin devs are working on making the platform to use better blockchain technology for transactions - Ethereum was not good enough for that amount of users, they will find the better solution (maybe Stellar).
- It's still in relatively early stage of development (which means that it's cheap - undervalued a lot) - under 0.001 USD $.
- Once $Kin is officially out - maybe some other apps will want to use it, it will not just be for Kik Messenger.
- Because majority of us love "underdogs" - right now $Kin looks like "underdog" but if you research and inform yourself more - you will see the potential which it holds.
- They have great whitepaper with screenshots and examples from the app, with the whole concept explained - no bullshit, all facts.
- They are not present on a lot exchanges (at least for now) - which is a good thing in this case, for the price, it's best moment to buy, to see where you can buy it look here.
Disclaimer: that is just my personal opinion - not a financial advice. If you agree - get it and HODL! If you don't agree - it's okay, everyone can have their opinion.
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