Kin - A Cryptocurrency was Developed by a Makers of Kik Interactive and that has gone live in the popular chat app for group of 1,000 beta testers.
Kik - Which has Raised Nearly $100 Million through a Token Initial Coin Offering (ICO), will become a First Application to Integrate to a Cryptocurrency into its Core Platform.
Initially a Functionality will Extremely Limited. Testers will Able to Earn Kin by Completing in App Microtasks such as taking the Quiz or Viewing a Tutorial. They can use these Tokens to Purchase Premium Themes for App Chat Screen from a new Kin Marketplace. Users will not able to Deposit or Withdraw Tokens During a Beta Trial.
In final pivot, Kin was forked Stellar to Create the New Blockchain based on XLM Codebase. Based on recent tests a Kik says that New Blockchain is capable of Processing 1.2 Million Transactions Per Day at the rate of 20 per second.
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