30 Aug 2017
KIN is a social network currency (short for kinship) which is anticipated to launch on the social media platform Kik.
Kik has over 15 million monthly users and has raised previous rounds of finance ($110m) as an established company.
The purpose of KIN tokens can be summarised as the following:
1) a network currency that is utilized by members of the platform to buy in-app upgrades and features (such as emojis, gifts, etc ..)
2) a marketplace for people to buy and sell goods as well as P2P payments of Kin between users
3) a reward token for developers to continue building out and improving the Kik eco-system as well as a currency utilized for marketing and advertising
While Kik is an established platform with an increasing user base, its upcoming token (KIN) likely won’t be released on the platform until ‘this coming summer.’