Kin KIN Price $ 0.0000152

Kin was created in 2017 and is overseen by the Kin Foundation. The platform operates as a blockchain network that is designed to be highly scalable and provide fast transaction speeds in order to support a digital economy. Applications can be built on top of the network to provide various services and products, for example, games and financial tools.

KIN is the platform’s native cryptocurrency. The token is the preferred choice of payment for transactions across the Kin ecosystem and will also function as a means to transfer value for services such as payments, and social media. 

What are Kin’s key features and how does it work?

The Kin Ecosystem has various players that have a key role. These are:

• App Developers who build decentralized applications;
• Creators who create and post content for other platform users;
• And users who engage with the apps directly.

A key feature of Kin is its comprehensive rewards system. The Kin Rewards Engine, or KRE, is in place to reward and incentivize developers that create applications within the ecosystem. Developers are rewarded for creating engaging applications on which users spend KIN, the total amount payable to developer teams is calculated based on various key metrics including KIN price and the amount of application engagement. The KRE is managed by the Kin Foundation, however, users can submit proposals to change the rewards system. 

What can Kin be used for?

There are a variety of applications built on Kin that cover sectors such as gaming, education, finance, travel, and more. In order to incentive app developers to create engaging apps, Kin rewards developers with KIN based on the activity of users in their app, in particular when they spend Kin.

Some examples of decentralized applications built on Kin are:

• Fiyer operates as a social network application built for influencers specifically working in the fashion industry. By using Fiyer, users can earn Kin rewards and connect with fashion brands to form partnerships.
• Pause For functions as a productivity app that aims to help users focus on their tasks. It incentivizes users by offering rewards in the form of digital currency by “turning off”.
• Playtoshi is an application built to offer more ways to earn KIN tokens. It also offers staking opportunities.

Where can you buy KIN?

KIN is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Gate.io, MEXC Global, and KuCoin. The price of KIN will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for KIN market price, please view the price charts on this page.