Kin Foundation publishes annual transparency report

As part of its ongoing registry participation, the Kin Foundation released its first annual transparency report. The transparency report gives a complete view of the activities of the Kin Foundation, including the allocation of the Kin Reserves, and the progress against strategic initiatives.

Why it matters:

• While projects are young and their foundations hold a large influence over the project, it is integral for the foundations to be transparent about their activities to inform their communities.
• The Kin Foundation holds a substantial amount of the Kin supply, which can materially impact markets. Disclosure around what the foundation is doing with its holdings allow investors to build trust with the foundation.

Check out the report here.