What is Kin (KIN) in India?
In case you’ve lived under a rock for the last nine years – Kik is ranked 7th in social networking apps according to AppAnnie. It was founded in 2009 by Ted Livingston and has over 150 employees with 4 offices across the globe. It is one of the world’s most utilized chat apps and the fifth biggest search phrase in the iOS App Store. It is very popular with teenagers and young adults between the ages of 13 to 24 years old. Buy Kin (KIN) India – BuyBitcoin.
The majority of the users live in the United States. The advantage of Kik launching the Kin Ecosystem is that it has an existing user base of 15 million people. Due to Kik’s popularity, this will ensure a good rate of adoption by its current user base. The Kik Messenger is a freeware program but its source code is private and proprietary.
Facts about Kin (KIN):
- Social Activity Level: HIGH
- Number of Team Members: 7
- ICO Active from: MAY 2017
- The team from: CANADA
- Role of Token: UTILITY
- Registered Company: KIN FOUNDATION (CANADA)
Kin is not listed on major exchanges and this seems to be by design. This makes it less known which might not be a good thing. But, as noted earlier, the team has faith in the 15 million strong customer-base of KIK. If listed on the exchanges, it might get some boast just like ZRX did.
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What does the company/project do?
Kik Messenger, commonly known as Kik, is a freeware instant messaging mobile app developed by the Canadian company Kik Interactive and is available on iOS, Android, and Windows Phone.
According to Wikipedia, Kik is known for its features that help preserve its users’ anonymity. For example, it allows users to register without providing a telephone number.
Kik has been experimenting with different forms of in-app currencies since 2014 when it launched Kik Points which allowed people to earn points by watching ads. The Kik Points experiment saw an average volume of 300,000 transactions per day during its lifetime from 2014 through 2016, reaching 2.6 million transactions per day at its peak.
As Kin is going to be tightly integrated with Kik, everyone who has been working at Kik are involved in the Kin project. Below are the bios of the core members:
Ted Livingston, Founder & CEO – Founded Kik when he was 22, named one of Fast Company’s Most Creative People In Business in 2017.
Peter Heinke, CFO & COO – Before joining Kik, he spent more than 20 years leading finance, operations and strategy for both established and startup companies in the media, technology and transportation sectors.
Eran Ben-Ari, Chief Product Officer – Prior to joining Kik, he was the VP of Products at Rounds, an Israeli-based communications company that was acquired by Kik in January 2017.
Since its inception, Kik has been funded by well-known investors in the tech and blockchain space, including Tencent, Union Square Ventures, Pentera, Blockchain Capital, and Polychain Capital.
Buy Kin (KIN) in India
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