Kik Users Can Now Earn 'Kin' Cryptocurrency But It Has No Real World Value

Popular messaging app 'Kik' has announced that its users volition at present be able to earn 'Kin' cryptocurrency every bit function of the visitor's efforts to outset a 'crypto-economy'. Co-ordinate to Kik Interactive, a g randomly selected users of the app will now get to play effectually with Kin tokens as part of a beta test, although, the visitor admitted that the digital asset is still a long mode away from hitting primetime.

In its printing release, the company said that users will accept to take quizzes, work on tutorials and respond polls to earn the cryptocurrency that can but exist spent on cosmetic upgrades inside the Kik app, such every bit premium versions of the new chat themes characteristic. The transactions can exist done on the 'Kin Marketplace Beta', which the company describes equally "a central place for Kin experiences".

In an interview to VentureBeat, product manager Laura Newton said that the characteristic is just being rolled out 1,000 users because information technology'due south a new applied science, and the company wants to make sure everything is exactly every bit it should exist, before scaling things up. According to her, "… we should be able to abound that number quite quickly. And so ane,000 for now, with a potential of growing". The visitor, however, hasn't officially given an ETA for the characteristic to be rolled out to a wider user-base.

Commenting on the launch, Ted Livingston, the founder and CEO of Kik, said "Our goal is to brand Kin the near used cryptocurrency in the world and getting Kin into the hands of more Kik users is a critical pace in achieving this. Blockchain is a new and complex technology, merely consumers don't have to understand the engineering science in gild to employ it. With these new experiences, we want to demonstrate how elementary and seamless cryptocurrency-driven experiences can be".

Kik has likewise announced that it has tied-up with the Unity game development engine to create an SDK that would allow other apps to build the cryptocurrency into their platforms. If all goes co-ordinate to program, the company says that in that location will eventually exist a full of ten trillion Kin tokens in circulation.

ane trillion of those were allotted to investors concluding year equally part of the company'southward much-hyped initial coin offering (ICO), raising almost $100 1000000. vi trillion of those tokens are held by the Kin Foundation, which has pledged to develop a 'Kin rewards engine' that will reward developers for creating useful and innovative integrations for the cryptocurrency. Kik itself is understood to own the remaining 3 trillion of those tokens.

Source: https://beebom.com/kik-users-can-now-earn-kin-cryptocurrency-that-has-no-real-world-value/

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