KIN

Report date: 29 Aug 2017 11:51
Update date: 06 Oct 2017 10:55
Token Lab Index
77%
More in the Methodology
About
A decentralized ecosystem of digital services for daily life.
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Project Score
Name:
KIN
Symbol:
KIN
Website:
WhitePaper
15
Domain age
01.11.1999
10
ICO
Dates:
12 Sep 2017 - 13 Sep 2017
10
Prototype / MVP
iOS:
Yes
10
Android:
Yes
10
Web:
N/A
2
Desktop:
N/A
2
Team
Successful projects:
Yes
15
Advisors:
Jake Brukhman - Co-Founder and Managing Partner CoinFund, Uriel Peled - Co-Founder and CEO CoinTree
15
Basic members:
Ted Livingston, Founder & CEO, Kik
15
External investments
Investments:
Yes
10
Mentions
First mentioning:
01 May 2017
6
Media
Bitcointalk:
3
Coindesk:
3
Other media links:
5
Community
Blog:
4
GitHub:
N/A
2
Facebook:
Open website
1 665 293
5
Twitter:
Open website
25 867
4
Telegram:
N/A
1
Slack:
5
CAP
Min:
N/A
10
Max:
N/A
10
Platform
Ethereum
Buy with
ETH
Tokens
Name:
KIN token
Type:
Ethereum ERC20
ICO emission:
N/A
Total Supply:
10,000,000,000,000
Estimated listing date:
TBA
Other information
Law status:
Not defined
Addons:
N/A
Comments:
N/A
Collected on pre-sale:
N/A
Collected on sale:
N/A

Kik has been a leading innovator in the chat space since the first million people signed up for the chat application in 2010. Kik was the first chat app to become a platform in 2011, and the first Western chat platform to integrate bots in 2014. Throughout 2015 and 2016, Kik also experimented with a form of digital currency on its platform, called Kik Points.

As a company, Kik has been searching for a sustainable monetization model that does not compromise user experience or privacy. Rather than opt for mass display advertising or the selling of consumer data, Kik has decided to adopt a decentralized organizational model. Its goal is to encourage the development of a digital services ecosystem that is fair and open. Kik prefers to be a participant rather than a landlord in this user-first economy.

To foster an ecosystem that is not only open and decentralized but also more compelling than its traditional counterpart, Kik must create a series of new products, services, and systems. Building a decentralized system is a complex process, and the transition to it must be done in a measured and responsible way over time. The following sections of this paper outline Kik’s plan for launching an entirely new platform: the Kin Ecosystem.


The Kin Rewards Engine will use economic incentives to bring other digital services and applications into the decentralized Kin Ecosystem. Inspired by previous systems like Bitcoin’s block rewards and Steemit’s posting rewards,2 the Rewards Engine will create natural incentives for digital service providers to adopt Kin and become partners in the ecosystem. The ecosystem will not impose any

unnecessary restrictions or tolls on monetization strategies, beyond ensuring common ethics and legality of content and transactions. As more partners join, the network effect of the Kin Ecosystem will grow, building the value of the currency, and in turn encouraging new partners to join this initiative.

A majority of the Kin supply will be allocated to the operation of the Kin Rewards Engine. Periodically, the Rewards Engine will unlock and distribute a specific amount of Kin to be shared among digital service providers in the Kin Ecosystem. The reward that each partner receives will be proportional to a measure of the utilization of kin within that digital service. Such value will be assessed by a well-defined process that ensures the rewards are distributed fairly using an objective, performance-based methodology.

Rewards will be transparent, auditable, and secure.

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