KIN is related to the word “kinship” and conveying a feeling of being connected to community, the Kin cryptocurrency is designed specifically to bring people together in a new shared economy and will serve as the foundation for a decentralized ecosystem of digital services.
The KIN coin is used by the KIK.com chat platform which has millions of users. Kin is a ERC20 token that runs on the Ethereum block chain which will power the digital economy inside the KIK platform.
KIK will drive mainstream consumer adoption of KIN, establishing fundamental value for the crypto currency. By natively integrating the KIN wallet into the app, it will instantly become one of the most adopted and used cryptocurrency wallets in the world.
On Sep. 26, 2017- Kik Interactive, the creator of the popular chat platform Kik, announced the Kin token distribution event (TDE) has successfully ended raising nearly US$100 million. More than 10,000 people from 117 countries participated in the token sale, immediately making KIN one of the most widely held cryptocurrencies in the world.
You can visit CoinMarketCap.com to see KIN’s current market cap.
As of this video KIN’s market cap is: $458,347.098.
KIN’s circulating supply is: 756,097,560,976
Total supply is: 10,000,000,000,000
If you’re interested in purchasing KIN tokens you can find them in these exchanges that Darian and I used to purchase our KIN tokens.
#1: EtherDelta has the most volume
#2: COSS.io (We has some technical issues using this platform the first time on it. It was pretty slow and several times would not accept our buy orders. Our second time using the platform was much better and the orders went through with no issues.
Darian bought his coins prior to me purchasing mine. He got caught up in the upward buying frenzy and purchased at the top. BIG mistake. Never buy during the hype and the pump of any coin. That’s when you should be selling to take your profits.
Unfortunately, the hype got to Darian, he bought in at the top and the next few days the price dropped on him. He lost $1,479. Not a good feeling after just buying into a new coin. Granted he did not sell his coins so eventually when the price goes back again he will make his money back.
I, on the other hand had issues getting my COSS.io account to work for two days which actually played into my favor. Since I had to wait the price dropped and I was able to buy in at the bottom much cheaper and get more coins. One day later after my purchase the price went up and I made $242 in profit. Not too bad!
The point of this is to never get caught up in the news/media hype buying frenzy of a coin. If it’s already being pumped that hard and moving up in price that fast it’s better to wait a few days. Wait for the price to drop and buy in at the bottom. Get your coins cheaper and get more of them. If it’s truly a good coin with a great team and technology it will go back up again. When it does you make more profits!
Once our purchases were completed we moved our KIN coins into our Trezor wallets (MyEtherWallet) for safe keeping until it’s time to sell them. It’s always a good idea to move any coins you aren’t actively trading into a hard wallet that you own the private keys to. By doing this you have full control over your coins. If you choose to leave them on an exchange you give up your control and ownership of your coins to the exchange. They technically own and control your coins which is never a good thing. Take Mt. Gox for example. Should the exchange have technical issues or worse case get shut down you could lose all your coins. Be safe and always use a wallet that you own the private keys to.
Take some time and DYOR (do your own research) on KIN and see if it’s a good buy for your portfolio.
Checkout and download the KIK.com app.
Visit the KINecosystem.org website for more information.
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