About

Kin is the native cryptocurrency for the Kik social media platform and is a way to engage, grow, and monetize digital communities. It is used by millions of consumers across an ecosystem of dozens of applications and services. Kin allows developers and users get paid for the value they create online.

History

The digital world has become the hub of daily human experience and interaction - every day billions of people meet, connect, and share their experiences online through consumer platforms and applications. Unfortunately, while these applications have come to dominate the human experience, the methods by which they maintain and grow their business have become largely unsustainable. Applications that exploit, harvest, and sell user data with no benefit to the user have monopolized developer revenue, while smaller businesses and those that value user privacy and anonymity struggle to compete.

This belief is the motivation behind Kin. Kin developers believed the world needed a new business model that gave developers an effective way to monetize and work together. Kin is a new way for apps to monetize. By collectively driving the adoption of a cryptocurrency and allowing users to be paid for their time, apps of all sizes can now work together to generate meaningful revenue in a way where everyone wins. Kin was created to rebuild the digital world in a way that allows everyone to be rewarded for the value they create online. In September 26, 2017, Kin went live.

The Kin blockchain is currently controlled by the Kin Foundation, which makes development decisions, defines the project roadmap, and temporarily holds 60% of the total Kin token supply. The Kin Foundation’s stated goal is to be a curator while guiding the young Kin protocol toward a decentralized ecosystem controlled by Kik users.