Review on Kin by Fanuel PORPORTY

Name: Kin
Item: Kin
Rating: 4

March 01, 2020

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.
﻿
 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.
﻿
 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.
﻿
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.
﻿

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