What is it? A built-in incentive model rewards developers for increased usage of Kin, which was designed to integrate easily across mobile and web apps. Kin-based apps get paid for creating compelling user experiences that result in shared economic benefits for users and developers. It was initially launched as an ERC20 token on the Ethereum platform, but has since migrated to the Solana platform, enabling consumer-scale apps to transact swiftly with minimal-to-no fees.
How does Kin work? Kin token enters circulation via an incentive-based revenue model referred to as the Kin Rewards Engine (KRE), which rewards developers for creating compelling cryptocurrency-based experiences that lend themselves to the value of Kin.
Kin offers the fastest and easiest path for developers to integrate cryptocurrencies within their web and mobile apps, using out-of-the box OS tools and technologies along with a wide array of plug-and-play SDKs. All the developer has to do is create awesome in-app experiences where users can earn and spend their Kin token with Kin's SDKs.
The Kin Foundation is a non-profit organization based out of Ontario, Canada. Undistributed Kin is held in an institutional-grade treasury that is controlled via a series of vesting periods, inflation guidelines and fiduciary custody controls that ensure the safe transfer and proper use of funds. There is a Where can you buy kin? You can buy Kin at any exchange. Before choosing an exchange, do your own research.
How to start building? If you want to help create a better digital world by integrating Kin within your app or business, you can visit the kin developer landing page.