Review on Kin by Fanuel PORPORTY
Kin Coin: blockchain for entertainment
Kin is a blockchain-based ecosystem, originally built on the Ethereum platform. Kina was developed by the Canadian instant messaging company Kik Interactive to support microtransactions through its Kik Messenger platform.
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The Kin blockchain has since been updated to integrate Stellar. Kin Coin (KIN) is the ERC-20 utility token used by the Kin and Kik ecosystems. Kik is one of the most popular instant messaging apps on the market. Founded in 2009, it has been around for a decade now, with free apps available on Android and iOS. In December 2018, Kik had 300 million unique users, with more than 9.17 million active users per month.
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Kik is a preferred means of communication for many users because it is much more anonymous than other messaging platforms like WhatsApp. Of course, this strength is also a weakness, as any anonymous platform can be used for both good and bad. The platform is also popular for chatbots that allow users to do everything: play a game, ask questions, listen to a store or even order pizza.
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Since then, its goal has been to become the leader in decentralized P2P social media, competing with cryptocurrencies like Dogecoin (DOGE) and Reddcoin (REDD) in this process.
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Pros
- To differentiate itself from its rivals, Kik has focused on anonymity and privacy and has offered KIN as a way for consumers to directly reward content creators, without the need for advertisers and specialists of marketing as intermediaries.
- KIN cannot be undermined and is earned by participating in surveys, engaging with apps within Kinit, and is sent from content consumers to creators in P2P.
Cons
- total supply is high
