Topic: KIN will be the MOST USED CRYPTO IN THE WORLD by the end of 2018! $$$$$$$$$$$$$$ - page 4. (Read 11324 times)

Kin 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.6".

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.

What is KIN? I don't even know about this token. Seem like this token related to Kickcoin right? I don't think there is any reason that this token will become the most used cryptocurrency in the world in this year cause there are a lot of better cryptocurrencies already listed on exchange. Besided Do you forget about the king and the queen of this cryptocurrency world, BTC and ETH?

Oh so this is a coin?i thought its KID lol 😂😂😂

Seems like the Devs has a lot of promises to you budz,or pays you million pieces of this coin thats why youre very eager to promote this so it may pump?

Well i will check if having some extra minute to take a look about this one,

Let's see how far this cryptocurrency can go . Why you believe about this cryptocurrency? It's not listed on any exchange yet so why you think it'll be the most used cryptocurrency? More than BTC and ETH? I don't think so, let see the trading volume of this cryptocurrency when it listed on exchange

https://etherscan.io/token/0x818fc6c2ec5986bc6e2cbf00939d90556ab12ce5?a=0xc91795a59f20027848bc785678b53875934792a1

This wallet is now the #6 Biggest Kin Holder

They bought 6,200,000,000 Kin 216 Days Ago - Post ICO extremely low dip buy

They bought 1,700,000,000 Kin 159 Days Ago - Pre 1,000% pump (right after it's first breakout)

They bought 28,000,000,000 Kin 3 Days Ago - *New great entry point?

So far this wallet has had some pretty amazing buy's... curious to see what will come after their most recent buy to increase their Kin holdings x4

https://nectar.community/#/listings

Top 4 tokens get listed on Ethfinex in 3 hours.

Kin just jumped to the #3 spot! This will be a BIG addition for exchanges that support KIN trading. The price is already starting to move in anticipation.

Thanks for breaking that down and sharing the link as a source!

It's highly probable. A few years back Kik tried something called Kik Points within their app. It was a non-crypto in app token that could be earned and spent. It was highly successful and actually produced more transactions a day than bitcoin was doing. If Kik Points was a crypto, it would have been the most used crypto in the world at that time.

Now Kik has taken all of that information and data and created a crypto currency with the same purpose. Thus, once this token is integrated into the Kik app within the next few months, it's highly probable KIN will become the most used crypto in the world at that point.

The biggest factor is, unlike the non-crypto Kik Points, Kin is not just a token for Kik only. It's going to be integrated into many other apps beyond Kik. So not only will Kin be the most used crypto in the world solely from it's integration into Kik, but it will continue to blow the indstury numbers out of the water as it's integrated into more and more apps potentially even larger than Kik.

Are you sure about that? Cause I can see a lot of hopefully ICO project also said the same thing like this when they were going to list their token on exchange but at the moment seem like nobody wanna trade these tokens anymore . Waiting to see if this one will be different or not

Thanks man, I'm gonna see some yuuge gains coming up here these next couple of years.

Kik has a huge head start, they've been working on this for over 6 years! You can read about the kikpoints experiment here: https://medium.com/kinfoundation/kik-points-key-learnings-from-a-centralized-economy-b99739cf5b69


Telegram integrating a crypto doesn't seem to mean anything to me. Are they creating buy/spend opportunities? Are they providing incentive for other developers to integrate TON in less than a day? Has Telegram figured out how to scale a blockchain? Does Telegram even know how its currency is going to be used? or are they just focusing on the cool new tech and hoping a use case falls into place?

Kik has been focusing on the PRODUCT, letting the technology catch up to where it needs to be. They are going to use a dual-blockchain solution because there is no one project that can both scale and be decentralized yet.

Status looks great but is a dApp browser with p2p functionality built in.

KIN will be a federated system of CENTRALIZED apps creating a DECENTRALIZED network and ecosystem. As each developer integrates kin, the value of kin will increase for everyone.

No product yet but Kik integration could happen as soon as the end of next month.

This is a very nice development for kin. The potential of the huge kik community can be huge. Only downer is the huge coin supply of kin.

Here is the most recent update from Kin. They're extremely close to having a live working product. Everything as of right now is on the test net or in a private beta, but showing really positive results that everything is working as coming together as projected.




Hey, community.

Starting today, (Tuesday) and without promising (because promises tend to break), we'll share a weekly (or bi-weekly, more realistically) update on advancements that are going on here at Kin. We'll focus on three fields:

• Blockchain developments
• Ecosystem and SDK's
• Standalone Kinit app

Without further ado, here's an update relevant for today - May 23rd.

 

Blockchain

 

• The Blockchain Hackathon was successful and super fun! You can check out this post for more insights and details.
• Our private net vs. Stellar's public net. We created our own test net environment (Horizon and Stellar core).

Why our own? We found a few issues and experienced an unstable environment when scale - testing on Stellar.

We added monitoring and alerting for Horizon and Stellar Core instances on DataDog and now we control our own test environment. We do not monitor Stellar's public test net anymore. Fork, remember?

• ATN experiment. This is the core of it: ATN stands for attention. It's the Stellar scalability test AKA Kik's test where every message sent from a user's account reduces 1 ATN from his balance and every message received - adds 1 ATN to the user's balance. Reminder - this test started on Stellar's public test net and is now on our own private test net. Fork, remember?

The latest Kik's Android client version now points out to the private test net. Some current numbers and data:

• Total of 23,210 unique accounts. All users are now on the private test net, from now will be referred to as the Kin Blockchain.
• Peak daily transactions: ~470,000
• Peak hourly transactions: ~30,000
• Peak transactions per second: ~8.3
• Total transactions count: 7,058,616
• Successful transactions: 98% under 10 seconds
• Moving forward, our goal is scaling. We will increase the number of users on the test to reach Stellar's highest bar (10 transactions per second). Another goal is to reach 1M transactions a day.

 

Standalone Kinit app

 

• The beta app test phase 1 is now almost over and we can share some insights. The usage rates are much higher in comparison to other apps. While 90% of users abandon the app within first 30 days, only 43% abandoned Kinit within this period.

The users love the tasks. For example - 92% of users completed 2 tasks and over 75% completed 10 tasks.

Looks like the strategy to have one-two tasks per day has proved itself. The majority of users prefer doing one or two, feeling "it keeps them more engaged".

50% of those who earned enough Kin actually went ahead and made a purchase, while 84% of the others waited for other spend opportunities. Only 14% wanted to hold the Kin.

Users feel the app is innovative, fair and fun

• Moving forward, the team will be adding earn opportunities such as 'do good', 'play a game', 'create content', as well as spend opportunities like a donation, digital assets, and tipping content.
• Also moving forward, the private beta will continue with some new content experiments and later on - public beta with the intention of reaching a high volume of monthly active users.

 

Ecosystem

 

• JWT (JSON Web Token) spec is live and can be found here. Here is the helper for partners to create the JWT and implement the SDK's
• Digital Service onboarding - process documentation is in the works and can be found here. This documentation is (mostly) for the use of our partners, but you are more than welcome to take a look and learn about our work with them.
• Digital services and partners can now create a native spend offer in their app. See the info here.

For those of you who aren't too technical, here's the important gist of it:

The client-side API allows digital service to add/remove "native spend" to marketplace UI. A callback will be called when a user taps a "native spend" cell in the marketplace.

The native offer will always be 1st in the Marketplace. The offer will have no capping or new offer flow, the digital service is responsible to remove "native spend" when completed, based on "native spend" own capping.

• Future - biggest thing we're all waiting to hear news on - the Kik integration. The team is getting ready for Kik's team visit in TLV in June. The trip's goal is to work on timelines, align roadmaps and most important - work together on the integration and release of Kin in the Kik app.

Here is the original post on Reddit: https://www.reddit.com/r/KinFoundation/comments/8li665/weekly_update_may_23/

Could you give a reason why you think that? I respect your view, but curious if you have anything to support it or if you're blindly just tossing that out there.

If you look at my last post (two above), I just addressed the Telegram claim already.

Kin's blockchain is tested and ready to go.

Telegram's isn't

Kin's token is about to go live in real apps with millions of real consumers within the next few months.

Telegram's is not ready and likely won't be until some time in 2019? Curious if someone has a more specific date.


Kin will have a firsts mover advantage over Telegram, and potentially the entire industry when it comes to main stream consumer adoption.

do they have actual working product? many projects are just full of promise but cannot deliver what they promised, but anyway, I will dig on this one.

Hahah no dude, I don't think this will actually happen.
There are some competitors coming. Like Telegram with its coin.
Also, Status could fall in this category, I guess. You can chat, send money and everything else with eth.

Yes I also think so, because I have some KIN coins however
 I remain optimistic that KIN will be popular by the end of 2018 and will be Trending in Altcoin....

I understand your claim. Telegram has a huge amount of users compared to Kik. The big question is when will their blockchain and coin be ready?

Throughout the history of Kik, they've successfully been the first to achieve many things. Their current goal is to be the first with this as well. They're positioned very well to do so.

If Telegram went live today, then yes it very well could take "the most used cryptocurrency in the world" crown. They're not launching today though. If you have a rough date on when that's supposed to happen I'd be interested in hearing it. KIN is looking to achieve this as soon as this year.

Kin has been moving very fast to make sure they're first in this race. Once they achieve this goal, the next goal is to be so far ahead that nobody can catch them. So it's possible that when Telegram finally launches it's crypto, it could have had that title, but over the year or so longer it took them, Kin could have grown exponentially and be much farther ahead.

Honestly 10T might not even be enough. Let's say KIN becomes widely successful. Let's say the same amount of Facebook users (roughly 2B) eventually use/own KIN as at least one of their apps they use has integrated it.

10T/2B is only 10,000Kin to go around for each user. That's really not a whole lot as at today's prices that's just $1.90 worth of Kin. You also need to keep in mind that the 10T won't only be distributed between the users of all these apps, but the apps themselves will likely need to be holding a decent amount of Kin to keep their app working correctly (depending on how they have it integrated).

Burning is not the solution and does not make sense. You need to look at the bigger picture.

Another thing to keep in mind is 10T Kin won't be circulating for another 60+ years. Currently the circulating supply is around 750B tokens. Each day more and more tokens will be released into circulation once the KRE is started, but this will be no different than Bitcoin or many other coins. Everyday more Bitcoin is mined and the total supply increases. This will be similar with Kin, but instead of rewarding miners with the coins, Kin rewards the app developers for increasing demand in the ecosystem. The only way that the supply grows is from the developers offsetting that inflation by providing the ecosystem with added demand.