Get to know what KIN Coin is and how it works

Lovata Andrean

Get to know what KIN Coin is and how it works
Get to know what KIN Coin is and how it works

Rancakmedia.com – The following article summarizes what KIN coin is and how it works. KIN was just added to the Indodax exchange on November 25 2021. KIN is one of the tokens whose value has increased in the last few days.

According to Coinmarketcap, the price of Kin was IDR 1,32 on November 29, 2021, with a 24-hour trading volume of IDR 213.803.628.929. Kin has risen 18,67% in the previous 24 hours. With a direct market capitalization of IDR 2.195.611.155.790, CoinMarketCap is now ranked #395.

There are 1.666.686.818.876 KIN coins available, with a total supply of 10,000,000,000,000,000,000 KIN coins. CoinTiger, FTX, Gate.io, ZT, and HitBTC are among the trading platforms crypto who have registered KIN.

What is KIN?

Kin is a decentralized cryptocurrency with a built-in incentive model that rewards developers for higher usage. It can be easily integrated into mobile and web applications.

Kin-based apps are compensated for creating engaging cryptocurrency-based user experiences, with higher engagement leading to shared economic rewards for users and developers.

How KIN Tokens Work

KIN was first released as an ERC20 token on the Ethereum blockchain in 2017, but has now been ported to the Solana blockchain, enabling consumer-scale applications to transact quickly and with minimal or no fees.

Since launch, the Kin ecosystem has amassed over 60 million wallets and distributed over $70 million in rewards across 60+ apps.

How KIN Tokens Work

Kin tokens are distributed using the Kin Rewards Engine (KRE), an incentive-based revenue model that rewards developers for producing engaging cryptocurrency-based experiences that provide Kin value.

KRE builds a user/developer-first economy, provides a sustainable and fair monetization model that promotes the adoption of new use cases and value generation for cryptocurrencies, and encourages user-to-user value exchange.

Instead of big data monopolies, these alternative monetization models realign users and developers around a shared digital economy where content creators and users are compensated for the value they bring to the platform.

Kin uses fantastic OS tools and technology, as well as a large number of plug-and-play SDKs, to provide developers with the fastest and easiest path to integrating cryptocurrency in their online and mobile applications.

The Kin SDK simplifies complex cryptocurrency connections, allowing developers to focus on developing engaging in-app experiences where users can earn and spend Kin tokens.

Kin is a cryptocurrency development platform that overcomes the obstacles developers face to create a fast, simple, and intuitive cryptocurrency development experience.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks