The Launch of Kinit
Canadian messaging application Kik has kicked off its first beta product, Kinit, which manages to tie in with the company’s Kin token. Launched after a highly successful ICO that raked in $100 million, Kinit is poised to be the game changer that makes cryptocurrency more accessible for everyone. TechCrunch was all over it on July 18th.
What is Kinit?
Kinit is a user-friendly wallet app that turns the world of crypto upside down. Ever wanted to earn while you learn? Well, with Kinit, users can earn Kin by completing quizzes, taking surveys, and even watching some snazzy interactive videos. But wait, there’s more! If you’ve ever dreamed of exchanging your digital tokens for gift cards from your favorite retailers, Kinit has got you covered!
How Does It Work?
Kinit offers a seamless user experience where you can:
- Complete engaging quizzes and surveys
- Watch videos and earn Kin tokens
- Redeem your Kin for gift cards from top brands
- Transfer tokens among friends within the app
Rod McLeod, Kik’s VP of Communications, emphasized the app’s vision: “Kinit is the first publicly available app dedicated to Kin. Our goal with Kinit is to get Kin into more consumers’ hands… making crypto truly consumer-friendly through fun and engaging experiences.” It’s like getting paid for being entertained!
The Background Story
The Kin token had its big debut during the ICO that finished up in September 2017, collecting almost $100 million from over 10,000 participants spanning 117 countries, which is kind of a digital coin concert! The initial plan was to raise $125 million, but hey, who doesn’t love a good surprise party?
Taking it to the Next Level
Intriguingly, Kik isn’t just sitting still. They are dropping around $3 million on developing their ecosystem via the KinEcosystem site. Plus, back in March, the company announced a game-changing partnership with Unity Technologies to push Kin into the gaming industry. As one spokesperson cheekily put it, this means crypto will soon be within reach of millions of gaming developers. Talk about leveling up!
Kik’s Future in Crypto
As per the latest buzz, the Kin token is currently trading at $0.000170, with a market cap of $128 million, according to Coinmarketcap. So, if you’re wondering about the future of Kik and Kin, it seems they are on a courageous journey to blending cryptocurrency with everyday lifestyle. Keep your eyes peeled – you never know what fun will come next!
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