Review on Kin by Fabrizio Zampieri
This new cryptocurrency is designed to make sure that more and more people and…
This new cryptocurrency is designed to make sure that more and more people and selling and buying stickers, creating and using different bots, and hosting and joining several group chats. The main goal of developing this crypto coin is that it will be accepted for buying or selling any digital service present within the Kin ecosystem that is engineered on ethereum.
This network along with its native crypto coin plans to revolutionize communication and commerce to create new digital opportunities for tomorrow.
Here are some of the roles that are played by the coin within Kik’s messaging app:
- paying for in-app purchases;
- trading the currency on other cryptocurrency exchanges;
- redeeming the currency into fiat currencies such as USD;
- earning the currency by watching sponsored videos;
- spending the currency to unlock a number of digital services;
- having the features of ERC20 tokens since the ecosystem is based on Ethereum’s blockchain;
- circulating the currency across the community.
Pros
- KIN core segments: - a segment of digital services that will attract user earnings; - a component of digital solutions that will attract user spending; - a segment of digital services that will simultaneously focus on earning and spending. The Kin network is designed for creating a digital sharing economy that gives equal opportunities to all its participants. This network is caracterized by a world where countless people will be compensated for offering their talent through the internet or call; it will build a world where developers will get compensated for developing and designing amazing user experiences for different consumers. In short, this ecosystem will create a world where everyone wins together by working with each other.
Cons
- Kin coins cannot be mined (this crypto coin is earned). It's diffuclt to see immediate results because the project seems to be a long-term one.
