We are always looking for the next altcoin to invest in, well now we might have a chance. A new social media website is launching a currency to be used on their platform. The coin I'm talking about is Kin and will be used on the social media website Kik. This coin can be earned by interacting on the website, watch ads , host group chats, build bots, create stickers and more(seems similar to Steem). Kin can then be used to buy products from other websites without leaving the Kik platform.
Kik has reported having 300 million registered users, 15 million of which are monthly active users. Kin, which will be created using an ERC20 token on the Ethereum blockchain will be the main form of transacting on the platform. The coin will also be available for other platforms to adopt it. 30% of Kik users are teenagers and will be able to earn kin, now if I was a teenager and was able to earn money by writing on the internet I would go crazy for it!I think targeting a young audience is a great idea for the long term goal, enrol them and hold them!
Kin will be integrated into the Kik platform this summer or later this year following a token distribution event and the sale of 10%t of Kin reserves. Early users, investors and partners will be announced this month. There will be a limited amount of Kin so as it's adopted by more people the value should rise due to demand, that is if you have faith in Kik to push it to it's full potential.
I feel Kin could be a good currency to keep an eye on there is plenty of room for this to take off but also it could crash and burn if not executed properly. This is one that I won't let out of my site and hopefully will roll in the cash for many of us.
Be careful when investing, don't just take my word do your research and invest wisely.
(Disclaimer: I am not responsible for any investments made or the choices made by any reader I am simply giving my opinion, invest at your own risk)
Happy investing.
