Kik Takes a Bold Step with Kinit
Kik, the beloved Canadian messaging application, has jumped into the crypto pool with both feet, launching its first beta product, Kinit. Announced on July 18, this innovative app coincides with Kik’s Kin token, which has been garnering attention since its ICO.
The ICO That Raised the Bar
Back in September 2017, Kik raised a staggering $100 million from over 10,000 enthusiastic participants hailing from 117 countries. Originally eyeing $125 million, Kik’s ICO was a wild ride filled with excitement and skepticism. Who knew that collecting digital tokens could get so much buzz?
Kinit: The Wallet for the People
Enter Kinit, designed for anything but a dull experience. This wallet app allows users to earn Kin by completing quizzes, taking surveys, and enjoying interactive videos. As if that weren’t enticing enough, users can exchange their hard-earned Kin for gift cards from major retailers. It’s like playing games, earning tokens, and shopping, all wrapped into one addictive experience.
Rod McLeod’s Vision
Kik’s VP of communications, Rod McLeod, shared a vision full of optimism: “Kinit is the first publicly available app dedicated to Kin. Our goal is to get Kin into more consumers’ hands. It’s a major step toward making crypto more accessible through fun and engaging experiences.” Sounds like a recipe for success, doesn’t it?
Behind the Technology
At its core, Kin operates on the ERC20 standard of the Ethereum blockchain, bringing liquidity assurance. Moreover, it’s also deployed on the Stellar network, which turbocharges transaction speeds. Kik isn’t just resting on its laurels; the company is reportedly investing around $3 million into developing the Kin ecosystem via the KinEcosystem site. Talk about commitment!
Gaming Collaboration: Unity and Kik Team Up
In a power move, Kik is teaming up with Unity Technologies, making waves in the gaming sector. This partnership aims to incorporate the Kin token into games, utilizing a specialized gaming SDK developed by Kik. Who knows, your favorite game might just become a crypto earning opportunity!
The Current State of Kin
As of now, Kin is trading at a meager $0.000170, with a market cap of $128 million. Despite its low price point, the buzz around Kinit and potential partnerships suggests there’s much more to come. Maybe a few coins could still become gold!
