Rank name market cap price volume 24h circulating supply change 24h price graph 7d. The kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services.
They raised a total of 100m usd and established themselves as a major player in the social media cryptocurrency market.
Kin cryptocurrency. Blockchain is a new and complex technology but consumers dont have to understand the technology in order. Although they originally started as an erc 20 token the kin foundation keeps their eye on developing trends. It operates as a cryptocurrency that will be used to power a range of decentralized digital services.
This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with kin. Kin is a cryptocurrency with fixed supply capped at 10 trillion kin and featuring fractional divisibility and long term resistance to inflation. The kin foundation said in a press release the move to solanas blockchain was in response to a growing user base which was hitting limitations on the stellar blockchain fork the cryptocurrency.
Large fixed supply is supposed to ease its path to becoming a global unit of payment whose market cap in march 2019 stood at just above usd 36 million. R i tdr sse i tse where i represents a digital service r i represents the daily reward for any given day tdr is the total daily reward sse is the size of the service economy and tse is the total size. How does the kin coin work.
Popular messaging app kik entered the cryptocurrency market late last year with an ico for their kin token. Kin is the name for the erc20 token issued by kik. It provided a model monetizing software that appealed to users to adopt the new use case and thus created value for the cryptocurrency.
Kins overarching mission is to drive the mainstream adoption of cryptocurrency. The proportion of kin distributed to services will relate to their utilization of the cryptocurrency using the following formula. Cryptocurrency market cap rankings charts and more.
This app works best with javascript enabled. It was initially launched as an erc20 token on the ethereum blockchain and was designed to be the main currency in the kik messenger ecosystem.
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