Currently there are roughly 6 million active crypto users in the space. KIN is about to be integrated into the well known chat app Kik very soon. Kik has over 300 million users of which 15 million are active daily. Once KIN is integrated into the app, it will become the most used cryptocurrency in the world.
Kin isn't just tied to the Kik app. It will will eventually be integrated into 1000's of digital apps increasing the amount of people using KIN to the 100's of millions...
Imagine the demand for a coin that's being used by 100's of millions when currently Bitcoin, the most valuable coin right now, only has 25 million total wallets (keeping in mind many of these are abandoned or the fact that people have multiple accounts).
BackgroundKin was created by the billion dollar chat app company called Kik. It has a large team working on the project and also has a long list of business connections to help make everything possible.
One major connection is Fred Wilson who owns Union Square Ventures. USV was an early investor with Kik, but also with other large notable companies like Coinbase, SoundCloud, Stripe, and Twitter. Fred Wilson is on the board of Kik, and also on the board of Coinbase...
Tencent also invested $50,000,000 into Kik recently. Tencent owns WeChat if you aren't familiar and is one of the largest tech companies on the planet.
Kik was the first chat app to get mainstream adoption getting over 1,000,000 users in 15 days. At the time it was the fastest growing app ever. Kik was also the first platform to introduce chat bots. Kik has always been at the forefront of advancing technology and now has a goal to become the most used crypto currency in the world. Based on their track record, they definitely have a good shot.
Kik has been planning on entering the crypto space for quite some time. A couple years ago they ran a test with a non-crypto in app token called Kik Points. Here is a quote from their whitepaper on that topic, "The Kik Points experiment was successful, with an average volume of 300,000 transactions per day for its lifetime from 2014 through 2016, reaching 2.6 million transactions per day at the peak. On average, the monthly number of transactions was nearly three times that of the Bitcoin network.".
If Kik Points was a crypto, it would have been the most used crypto in the world. Since then, Kik has removed Kik Points and launched Kin. Kin is a crypto currency and will be implemented into the Kik app just like Kik points was. Thus, when the Kik integration happens (likely before 2019) Kin will become the most used crypto in the world. This is pretty amazing as unlike Kik Points, Kin is not just for the Kik app. Kin will be implemented into many different apps within the Kin ecosystem. So with the Kik integration alone it will become the most used crytpo in the world, then add together all the Kin usage within all of these other apps down the road, even apps larger than Kik, the usage will be unlike any coin around right now. This includes Bitcoin and Ethereum.
ResourcesListen to the creator's interview at Consensus 2018:
https://twitter.com/kin_foundation/status/998934789637005312This is also a recent article about KIN:
https://www.wired.com/story/kik-founder-plots-a-rebel-alliance-against-facebooks-death-star/amp?mbid=social_twitter_onsiteshare&__twitter_impression=true