Review on Kin by Gabriel Medina
Cryptocurrency that seeks to be the most used in the world
Kin is a cryptocurrency born in 2017 after the end of Kik Messenger. It was designed to bring people together in a shared economy with cryptocurrency acting as the foundation for a decentralized ecosystem of digital services. We can even earn points for watching video ads and then use them to spend on video games. Something similar that happens in other cryptocurrencies. In addition, it will be available for use by many digital applications and services.
Kin, which operates on the Ethereum Blockchain, also allows content creators and developers to receive compensation for their content, with the goal of driving the development of better content and user experiences.
The ecosystem will not be based on advertising, like many social media platforms, but on users being able to add value to themselves and others, and to those users who will then be rewarded for that contribution.
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Pros
- Wide global user base and huge popularity.
- Seamless introduction to the Kik app.
- All services can be used through Kin in the ecosystem, which will drive the requirement and need.
- Cumulative cryptocurrency for users and developers
Cons
- It needs the constant use of users because it is a community project.
- High competition in the market.
