"A fair and open digital services ecosystem"
Introducing: Kin
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.
Kin is a cryptocurrency designed to bring people together in a new shared economy.
*Envisioned as a general purpose cryptocurrency for use in everyday digital services, Kin will be used for all transactions within the Kin Ecosystem.
*Implemented on the public Ethereum blockchain as an ERC20 token, Kin will serve as the basis of interoperability with other digital services in the Kin Ecosystem.
Kik will be the first digital service to join the Kin Ecosystem.
*Kin will power a digital economy inside of the Kik app.
With millions of users, Kik will drive mainstream consumer adoption of Kin, establishing fundamental value for the cryptocurrency.
*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.
The Kin Rewards Engine is an innovative economic structure promoting Kin as a common currency.
*Through the Kin Rewards Engine, Kin will be introduced into circulation as a daily reward, to be distributed among stakeholders by an algorithm that reflects each community's contribution to the overall ecosystem.
*This economic structure will create a natural incentive for owners of various digital services to adopt Kin and become partners tn the Kin Ecosystem.
Custodian of the Kin Ecosystem
The Kin Ecosystem is a community of partners—digital services and applications—that adopt Kin as their currency. The foundation acts as an independent, nonprofit and democratic governance body for the members of this ecosystem. The principal functions of the foundation include:
*Open governance of its resources, together with other ecosystem partners
*The support and advancement of technology related to Kin's implementation
*All matters related to ecosystem membership, including the Kin Rewards Engine
In the long term, the foundation will fund research and development efforts to support an autonomous reward mechanism that is secure against economic vulnerabilities and gaming, with all transactions accounted in a fully decentralized way.
CoinMarketcap: https://coinmarketcap.com/currencies/kin/