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What is Kin all about
Kin is the cryptocurrency that was created to accompany messaging platform Kik. First launched in 2017 as an ICO that raised around $100 million, the Kin ecosystem was designed to bring people together in a new shared economy with the cryptocurrency itself intended to act as the foundation for a decentralized ecosystem of digital services.
Kin is an interesting cryptocurrency as it is one of a few that was launched by an already established company that was operating outside the blockchain space. This has its advantages as there is an already established user base to pick up the crypto, as was the case with Kik.
As it has transpired, Kik decided to go full on with crypto as it announced in 2019 that the messaging side of the business would be shut down in order for there to be a primary focus on Kin. But a year later, the SEC noted that the 2017 ICO violated securities law, but there was no requirement to shutdown the network and thus it still operates today and the sale of Kin can still take place.
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KIN Questions & Answers
What is the current price of Kin?
Today's price of Kin is 0.00002962 Euro.
When did Kin reach its peak?
The highest price of Kin was registered on 2018-01-07, when it was at 0.00101818 EUR.
How much will Kin be worth in 1 month time?
Using our short term price prediction, we suspect Kin's value will reach anywhere between €0.00001949 and €0.00011636 1 month from now.
How much will Kin cost in 3 months?
Using our short term price prediction we expect Kin's cost is likely going to be between €0.00001949 and €0.00020521 in 90 days.
How much will Kin be worth 6 months from now?
Long term projections are very difficult, however on the basis of our short term prediction we suspect that Kin's price will be anywhere between €0 and €0.00020521 half year from now.
Does Kin have a large following on social media?
25852 users engaged in an online discussion on Reddit about Kin in the last 2 days. Kin's official Twitter handle is currently followed by 51041 users.
Is KIN still linked to the KIK messenger?
In September 2019, Kik's CEO and founder Ted Livingston, announced in a blog post that Kik Messenger would be shut down on 19 October 2019 to focus more on the Kin coin whilst in an ongoing legal battle with the SEC.
Can I use KIN as a currency on other messengers?
While other messaging platforms have financial integration, Kin was only intended to be used on the Kik platform. Now that Kik is no longer around, it remains to be seen if Kin will integrate with other messengers.
What does KIN hope to solve?
With messengers becoming a major part of people's day to day lives, Kin hoped to be a simple to integrate and trusted financial tool for messengers. The idea was that users could earn Kin for making contributions to the broader Kik community, and then spend Kin on various goods and services within the Kik platform.
Is Kin under investigation?
Recently, KIK Interactive Inc. settled its lawsuit with the SEC and was forced to pay a penalty of $5 million as well as agreeing to give the SEC 45 days notice before it sells or issues any cryptocurrency, over the next three years.
10 days Kin price forecast
Long term Kin price prediction