Kin (KIN)

Kin

Basics

• Started in: 2017
• Mainnet release:
• Based in:
• Chat community rewards

History

• Kin was founded out of the company that formerly ran the Kik mobile app. 

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

• Built on: Solana

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

• From CoinDesk (22-5-2020):

"The company said that it would use Ethereum for security and Stellar for transactions. Then it forked Stellar and ran its own chain. Now that’s proving to be inadequate so the cryptocurrency will port over to Solana in a matter of months, pending adequate support from app developers in the Kin ecosystem. “Stellar has five-second block times, so irrespective of network load, a consumer could be seeing five-second latency on their transactions – not what we would deem a great consumer experience.” The Solana Foundation would actually pay the Kin Foundation for making this move, however, awarding it with up to 1% of the supply of SOL (roughly $6 million at today’s prices), with 0.1% unlocking for each new 1 million active users that join over a 24-month period. The next step will be for Solana to make a presentation to kin developers about the process for switching chains. If enough developers agree to make the move, Solana staff will largely facilitate it and the process should be complete in a matter of months."

Audits

• Bug bounty program can be found [insert here]. None according to Blockchain Security DB (29-6-2020), which does show 1 audit (9-2017).

Usage

• From CoinDesk (22-5-2020):

"Kin has seen a dramatic uptick in its core metric – monthly active spenders – over the course of the coronavirus quarantine period. In early March, there were approximately 1.5 million people who had spent kin in the prior 30 days. On April 20, the growth spike peaked at 4.4 million. The numbers have trended down somewhat since then but it’s still running at about 3.5 million, a significant gain over prior numbers. Kin has been integrated into 57 different applications, but usage is dominated by a few popular ones, including apps for sharing media and making funny, shareable shorts. "

Team, investors, Partnerships, etc.

Team

• Full team can be found [here].

Investors

• Ran a $98 million initial coin offering (ICO) for kin in 2017, which was made on the Ethereum blockchain.