Kik makes his "Crypto-Economy", a way to spend his crypto-currencies
Subscribers of the popular online chat application Kik can now earn and spend their crypto-currencies with "Crypto-Economy", a new integration of Token Kin on the Kik platform .
An ambitious project
Kik has raised around $ 100 million during its Initial Coin Offering (ICO). She hopes to become the first crypto-currency management application. Crypto-Economy will be launched at a later date according to the company's press release.
"We believe that establishing Kin as a pillar of the product strategy will help us create better experiences for Kik users," said Laura Newton., the product manager at Kik.
Ted Livingston, the founder and CEO of Kik and Kin, has supported the international ambition of the company.
" Our goal is to make Kin the most used cryptocurrency in the world and to make sure Kin is in the hands of many Kik users ," he said, adding, " The Blockchain is a new and complex technology, and consumers do not have to understand this technology to use it extensively . With these new skills, we want to demonstrate how crypto-currencies can be simple and transparent. "A limited number of users, or 1,000 testers , will be able to earn Kin Cryptocurrency tokens at first - by participating in surveys, tutorials and quizzes. They will then be able to use digital currencies for the purchase of premium themes via the Kik platform.
Free personalization products will also be made available to users.
Use Kin in everyday life
Newton believes that Kik has created the Kin digital currency for daily use, given the demand it has been facing for some time.
" The actual use of cryptocurrency by consumers does not exist today, because technology has not yet been adapted in everyday life . We have developed Kin into products that Kik users already use. They will be able to stratify this experience in a simple and transparent way. We will deepen Kin's functionality in Kik, providing other partners with a clear example of how to launch their own Kin economy into their applications . "Earlier this year, the Kin Blockchain led to Stellar's Mainnet. The Kin Foundation has also announced that it offers free transactions using its own unique network.
Kin works on both the Ethereum and Stellar networks for the moment . He planned to spend exclusively on the Stellar network last December.
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