How and Where to Buy Kin (KIN): An Easy Step by Step Guide

The emergence of blockchain technology combined with the Kik team's desire to establish a virtual asset that could be used in the same way that its instant messaging system could be used. Following its debut in 2017, Kin gained public attention by promising to address a number of obstacles that its creators see as impeding the development of a contemporary digital economy:

Kin wants to encourage the development of an open ecosystem of apps that are centered on the users. Kin aspires to build a decentralized global digital economy built on bigger communities, eliminating the need for a single all-powerful authority to oversee it.

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About Kin

Kin is a cryptocurrency created by Kik, a social media platform. It's intended to encourage organizations to develop network-based goods and services. Kin was initially introduced as an ERC20 token on the Etheruem network. Kik's ecosystem's principal currency, designed to let users purchase digital products and services and app developers make income. Kin, short for Kinship, was created to enhance the Kik community's bonds.

Within a digital ecosystem of consumer applications and services, the Kin cryptocurrency is utilized as money. It was first released as an ERC20 token on the Ethereum network, and it was intended to be the Kik messaging ecosystem's primary money. Kik had previously established a rewards points system, not a cryptocurrency, called Kik Points, which terminated in 2017. Kin is an abbreviation for Kinship, as its goal was to develop relationships within the Kik community. 

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What is Kin [KIN]?

Kin (KIN) is a decentralized network of digital services for everyday use, as well as a new digital currency developed by the Kik team. Kik, a Canadian social networking site, created Kin token in order to provide a blockchain platform.

Kin was established as a result of a previous attempt to commercialize the network, which promised free services from the start. Following the decision to abandon traditional advertising methods, Kik developers saw an opportunity to build a "Kik Points" system, which users could earn by interacting with targeted adverts or playing various games on the site. The Points may then be used to purchase digital items on Kik, such as customized stickers and emojis. The model was well received by the audience, encouraging the creators to try to apply similar ideas to the creation of a full-fledged cryptocurrency with worldwide ambitions.

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Who Are the Founders of Kin [KIN]?

Josh Doner, is the co-founder of Kin. Kin was initially launched in September 2017 through an initial coin offering (ICO), which raised approximately $100 million in customer cash in only two weeks. The Kin Ecosystem was "built expressly to bring people together in a new shared economy," according to its designers, with the cryptocurrency serving as a "basis for a decentralized ecosystem of digital services."

Kik was created in 2009 by a small group of University of Waterloo students who were excited about the idea. They intended to tear down barriers and develop a startup that would allow users to communicate with whomever, wherever they were, at the time.

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What Makes Kin Unique?

For several reasons, the Kin token is different from other tokens. First, it is not a typical ERC-20 token; instead, it leverages Ethereum for liquidity and the Stellar platform to increase transaction speed. Furthermore, the firm is investing a significant amount of money — around $3 million – to encourage developers to work on the token through its KinEcosystem website. The Kinit app is the first attempt to encourage regular people to utilize the technology.

The software allows users to earn a few dollars in worth every day, which they can then trade for gift cards and other rewards. Kik, according to CCN, has built a system without a revenue plan and instead intends to use freebies to encourage token usage.

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Where Can You Buy Kin [KIN]?

You can find KIN from many exchanges. If you're wondering where to purchase KIN, the main platforms for trading KIN right now are FTX, CoinTiger, ZT, HitBTC, and Bitrue.

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Frequently Asked Questions

Is there any way to purchase KIN with cash?

No. You won't be able to buy KIN tokens with cash right now, therefore you'll have to buy them with another cryptocurrency.

How many KIN coins are there in circulation?

The cryptocurrency Kin (KIN) is a digital asset. There are 10,000,000,000,000 KIN coins in circulation.

On what factors the price of the KIN Network [KIN] Depends?

Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact KIN’s price and market cap.

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Kin  Official website  – https://kin.org/

Kin Medium – https://medium.com/kinfoundation

Kin  Twitter – https://twitter.com/kin_ecosystem

Kin Reddit – https://reddit.com/r/KinFoundation