Kin KIN

$0.00003105
Market Cap $ 23.476 MM (#110)
24h Volume $ 402.220 K
Chg. 24h: -0.12%
Algo. score 3.1/5  (#472)
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Kin News

Check out our interview with @popin_app, one of two #KinApps...

Check out our interview with @popin_app, one of two #KinApps from the Kin Developer Program to go live on both Andr… https://t.co/58ctCtEhdZ

11 days ago

What Is Bitcoin? Crypto Featured as Category on Jeopardy

During last night’s airing of the popular TV game show Jeopardy, cryptocurrency was featured among the categories contestants could choose from. I’ll Take Cryptocurrency for $1,000, Alex On Thursday night’s episode of the iconic TV game show hosted by Alex Trebek, Jeopardy, cryptocurrency was one of the six categories contestants could select from. In Jeopardy, chosen categories reveal an answer to a query and the contestants must phrase their response in the form of a question. The first answer in the category was “an altcoin is any unit of cryptocurrency other than this one,” with the correct response being “What is Bitcoin?” Next up, was the Daily Double, which had an answer “in 2018, this South American country launched the Petro currency backed by oil reserves,” referencing Venezuela’s native cryptocurrency token. The third answer touched on a “3-letter chat app” that had a similar sounding name as its cryptocurrency token - a nod to Kik and the Kin token that will power the app’s cryptocurrency ecosystem. Up fourth was an answer describing how blockchain worked. And last but not least, the answer “a lawsuit from this rapper killed off the Coinye currency,” pointed to the court case years prior between hip hop icon Kanye West and the Coinye cryptocurrency. West had no affiliation with the project but his likeness was used regardless without his permission, and a legal battle ensued that led to the founders of the project abandoning it. While cryptocurrency being featured on a popular TV show like Jeopardy really has little to no impact on prices, adoption, or other key factors, one cannot discount the value of cryptocurrencies being exposed in an educational manner to the mainstream public on one of the most watched television shows in history. Jeopardy has over nine million viewers per week tune in, and is a household name easily recognizable by its iconic jingle. Even better for crypto, the way cryptocurrencies were presented in a positive, educational manner and not the demonizing tone mainstream media usually portrays cryptocurrencies like Bitcoin. More Ways to Play with Crypto Playing Jeopardy alongside the live contestants and responding correctly in a crypto-focused Jeopardy category would be fun for just about any cryptocurrency enthusiast. But the fun doesn’t need to stop there. Earlier this year, Bitcoin was officially added as a recognized word in the popular Hasbro board game Scrabble. Merriam-Webster, who maintains the official Scrabble dictionary made the addition in September alongside 300 other words including “emoji” and “twerk.” Placing tiles on the Scrabble board spelling out Bitcoin earns the player 11 points. Scrabble points aside, investors betting on the cryptocurrency could potentially earn a lot of money, however, Bitcoin and other cryptocurrencies have been stuck in a grueling downtrend over the last 11-months. Featured image from Shutterstock. The post What Is Bitcoin? Crypto Featured as Category on Jeopardy appeared first on NewsBTC.

13 days ago

Tapatalk To Add Crypto Rewards with KIN

Internet debates tend to generate more heat than light, but your next argument might generate something else: money. Tapatalk, a mobile app which aggregates online forums, has announced plans to integrate the Kin (KIN) cryptocurrency, allowing users to receive tokens in exchange for posting quality content. “Tapatalk users will receive Kin for posting quality content in the app,” the companies said in a joint press release, “and in turn, they can send Kin to other creators on the platform.” Tapatalk says that blockchain technology can bridge the moats separating different online communities, which the company says are typically siloed off from one another - stifling discussion and slowing the spread of ideas. By integrating online forums through an all-in-one mobile app, the company believes it can stimulate more productive online debates. The app is now used for over 200,000 forums, which have a combined user base above 300 million. By integrating its app with Kin, ”we think cryptocurrencies and blockchain will make online forums better,” CEO Winter Wong told Crypto Briefing “Tapatalk’s integration of Kin marks a noteworthy development in our expansion to reach new users and cultivate further engagement within the broader forum community,” Wong said, in a statement. “The mechanics of Kin will surely benefit existing forum users, while bringing new users into the fold of vibrant, active online discussion communities.” It’s also a new showing from Kin, the native currency of the Kik social messaging app. Despite one of the year’s biggest initial coin offerings, the Stellar-based token received a disappointing reception, and declined heavily over the ensuing bear season. After peaking at nearly $1 billion, the token’s total market cap is now worth scarcely $23 million. Tapatalk isn’t the first project to use crypto to incentivize social media postings. Steemit users are regularly rewarded in one of the few truly functional utility tokens, and can also leverage their influence to reward others. Reddcoin and Dogecoin have both targeted online communities, with easy-to-use tip-bots and social wallets for easy peer-to-peer rewards. And the Brave Browser, which incentivizes content creation with the Basic Attention Token, has also announced plans for peer-to-peer tipping in its next update. Tapatalk’s integration with Kin is expected to be complete early in the new year. Paddy Baker contributed original reporting. The author is invested in digital assets, but none mentioned here. The post Tapatalk To Add Crypto Rewards with KIN appeared first on Crypto Briefing.

16 days ago

Mobile Forum Giant Tapatalk Plans to Distribute Kin Cryptocurrency to its 300 Million Users

Tapatalk, a mobile forum application with 300 million users, recently partnered with the Kin Foundation and the deal will see Tapatalk users rewarded with cryptocurrency for the content they post. Currently, Tapatalk hosts 200,000 forums based in 186 countries and Tapatalk CEO Winter Wong said the partnership should bring new users to the platform and reward those who consistently post quality content. Tapatalk users will also be able to tip each other from their Kin wallets. Kin is an ERC-20 token designed by chat app Kik and the company raised $97 million through an ICO held last year. (RS)

16 days ago

Mobile Forum Giant Tapatalk Will Reward its 300 Million Users with Kin Cryptocurrency

Tapatalk, the mobile forum application with an aggregate registered user base of 300 million, has struck a deal with the Kin Foundation to reward its users with cryptocurrency for posting quality content on the platform. Announced on Wednesday, the partnership will see Tapatalk, whose platform hosts 200,000 forums based in 186 countries, seek to build

16 days ago

KIN Coin Trades Uncorrelated to the Broader Markets, Rises by Double Digits

Kin is trading uncorrelated to major cryptocurrencies, rising by double digits while the broader market continues to suffer. Kin has gained 17% in the last 24 hours to $0.000030 on modest volume. Much of the trading is unfolding on Bancor in the KIN/BNT market. KIN is the cryptocurrency of the Kin Foundation and the popular Canadian messaging app Kik. The project started on the Ethereum blockchain but has since made a complete shift to Stellar. The low trading volume accompanying the KIN price rally is taking the wind out of the sails of investors on Reddit. (GT)

18 days ago

Should Ethereum Be Worried About Token Migration?

Although Ethereum is the ICO favored go-to platform, there is a trend emerging towards migration away from its native ERC20 token to home-baked alternatives once projects get underway. Despite Ethereum’s undisputed dominance owing to the ease of setting up ERC20 tokens to facilitate ICOs, issues such as scalability and transaction speed problems, along with network clogging, have had the effect of driving ICOs to look elsewhere for a better solution. Ethereum’s ERC20 technical standard has essentially been used by startups as a kind of incubator, it being the primary tool that allows creating tokens for trading. One of the latest to take this route is the Kin Foundation, which boasts some 300 million monthly users of its Kik Messenger app. A spokesman for the Kin Foundation has explained that the company has been talking to exchanges to allow users that transfer their tokens from wallets to exchanges to forfeit the original ERC20 tokens to Kin’s own native KIN token on its own blockchain, although users can still sit hold their tokens on Ethereum as long as they wish with no time restraint. KIN’s promotional PR suggests “incredible speed and scalability” along with security and scalability after the shift to its own blockchain. The concept of migrating in this way, of course, is not new. Others who have made this move, notably EOS and Tron, also took the migration route away from the Ethereum blockchain which got them up and running. Since the launch of the EOS mainnet earlier this year, EOS have scooped up EOSBet, Medipedia, Tixico, Billionaire Token, Insights Network, WAX and Sentinel Protocol. Justin Sun, Tron’s founder and CEO, said that their shift from ERC20 protects their user’s interests. T-21 days until Mainnet launch! #TRON will be one of the most competitive mainstream blockchains with the most users. We graduated #1 from the ETH platform with 1.08M+ users, more than OMG and EOS combined. ETH was just a prelude. Now for the main act $TRX pic.twitter.com/Oyj4XN1T7l — Justin Sun (@justinsuntron) May 9, 2018 Sun added, “We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum.” However, despite such fighting talk from Tron’s top man, the sheer size of the Ethereum blockchain means that it is unlikely that any sleep will be lost just yet for Ethereum backers but migration from ERC20 is a space well worth watching. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Should Ethereum Be Worried About Token Migration? appeared first on BitcoinNews.com.

25 days ago

Kin (KIN) Announces Full Token Migration from Ethereum to Custom Stellar Fork

The Kin (KIN) project, an Ethereum based project that was launched by the developers of the Kik messaging app, has announced plans for a full token migration from the Ethereum platform to its own custom fork of the Stellar blockchain. Dubbed the Kin Blockchain, the move is done in response to inefficiencies the project experienced on the Ethereum platform including high gas fees and extended transaction times. According to Kin’s Gadi Srebnik, “The Kin Blockchain is a federated, decentralized blockchain based on the Stellar protocol, on which Kin will be bought, sold, earned, and spent.” (JF)

25 days ago

27 apps in the #KinDeveloperProgram are now live with Kin in...

27 apps in the #KinDeveloperProgram are now live with Kin integrations. Check out the newest apps to complete the f… https://t.co/svcMKBOCge

a month ago

Stellar Becoming a Preferential Network Choice while Liquidity Rising with Addition on Latoken & CoinGate

The 5th largest cryptocurrency is in the red by 8% at $0.2339 while addition on Estonia-based crypto exchange, Latoken and payment gateway CoinGate raises its liquidity. Moreover, Stellar is increasingly being used by different projects, the last one being MobileCoin and mobile messaging service Kik. 5th Largest Cryptocurrency Stellar on the Move Europe-based cryptocurrency exchange Latoken has announced support for the 5th largest cryptocurrency, Stellar (XLM). Less than 24 hours ago, the exchange made the official announcement on its website stating, “Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.” It also listed Stellar-based token SureRemit (RMT) with trading pairs RMT/BTC, RMT/ETH, RMT/USDT, and RMT/LA. The payment gateway, CoinGate that buy, sell, and accept cryptocurrencies has also added support for Stellar. CoinGate took to Reddit to announce this, “We at CoinGate provide our merchants the way to accept major cryptocurrencies as a payment. So, recently we made a partnership with the exchange provider Changelly. Due to changes, Stellar community can now use XLM token and along other tokens as payment in e-commerce stores that uses the CoinGate payment gateway. So, if you ever stumble across one of our merchants, keep in mind that your XLM is always welcome there. Keep in mind that making payment with XLM is possible, if you spend more than $30.” In another instance, MobileCoin is working with Stellar as it wants to add simplicity to privacy protection and further make it resilient against attacks. Thanks @dmazieres and @StellarOrg for the mention in the IETF draft. We’re elated to be able to contribute to such a great project!https://t.co/92EZC6xZlX pic.twitter.com/lRW94rkOVc — MobileCoin (@mobilecoin) November 13, 2018 Just yesterday, mobile messaging service Kik announced that is moving its Kin crypto platform from Ethereum to Stellar. Ted Livingston, CEO of Kik shared, “We’ve been using Ethereum to date, and to be honest I call it the dial-up era of blockchain.” Moreover, the mission is to make Kin the most used cryptocurrency in the world as Livingstone shares on the release, “One Kin on one blockchain. That’s our vision, and our strategy continues evolving as we work toward building an infrastructure that supports this.” At the time of writing, Stellar has been trading at $0.2339 while registering 24-hours losses of about 8 percent. Having replaced EOS from the 5th spot, this $4.4 billion market cap cryptocurrency is managing the daily trading volume of $114 million. The post Stellar Becoming a Preferential Network Choice while Liquidity Rising with Addition on Latoken & CoinGate appeared first on Coingape.

a month ago

Kik Messenger Giant Chooses Stellar Over Ethereum for Its Kin Token Launch

CoinSpeaker Kik Messenger Giant Chooses Stellar Over Ethereum for Its Kin Token Launch Despite the initial popularity of Ethereum blockchain, now there are a lot of talks about its disadvantages and concerns about its competitiveness in comparison with other blockchains in some aspects. A number of companies building on Ethereum have already revealed their plans to examine capacities of other protocols with a view to opt for the most appropriate variant. But while some projects are just planning to do it, some others have already done it. For example, Kik. Breaking Up with Ethereum Messenger app maker Kik is currently working on the development of its own cryptocurrency called Kin; and, as it has been revealed, it took a decision to quit on Ethereum and to continue working with Stellar blockchain only. Initially, Kik was launched on Ethereum. It happened when the popularity of ICO was only gaining momentum, and then, in September 2017, Kik managed to raise quite an impressive sum of $100 million. Nevertheless now, Kin’s atomic swap with Ethereum will be closed. Though the date hasn’t been announced yet, the Kin Ecosystem Foundation is planning to offer a tool to transfer Kin holdings off from Ethereum. How Come? Already in November 2017, following a very successful public sale and as a result of concerns about Ethereum scaling issues, there appeared talks about looking for an alternative blockchain for Kin. Later, in December, it was officially confirmed by Kik’s founder and CEO Ted Livingston. In March 2018, Kik revealed its two-chain strategy. The company decided to use both Ethereum and Stellar platforms simultaneously, providing the transfer of tokens across two blockchains via atomic swaps. It was believed that while Ethereum would ensure security, Stellar could guarantee speed of transactions. “The goal of Kin is to create digital sharing economy where everyone is fairly compensated for the unique value they contribute. While Ethereum provides immediate liquidity for Kin holders, it’s not ready for mainstream consumer usage”, explained Livingston. Two months later, it was announced that despite Stellar’s low transaction fees, it was too expensive to place them under the strain of scale. Then Kik decided to introduce some changes and to conduct a fork of Stellar in order to eliminate transaction costs entirely. Kik’s Vision Now Ethereum is in the past for Kik. It’s worth mentioning that the team has an ambitious goal to make its Kin the most popular and widely-used cryptocurrency in the world. This idea is reaffirmed from time to time. Regarding their initiative to say goodbye to Ethereum, Kik’s CEO said: “One Kin on one blockchain. That’s our vision, and our strategy continues evolving as we work toward building an infrastructure that supports this.” According to the Kin Foundation’s spokesperson, users will have an opportunity to make a one-way move onto the Kin blockchain moving their tokens onto the exchanges. Nevertheless, there are no deadlines for users and they are allowed to keep their Ethereum-based tokens as long as they wish. Kik Messenger Giant Chooses Stellar Over Ethereum for Its Kin Token Launch

a month ago

Daily Berminal Brief: Markets Bleed As Bitcoin Crashes To 12-Month Low Below $5,500

The State of The Market - November 15, 2018 BTC: $5,526.40 (-12.05) ETH: $174.04 (-12.49%) XRP: $0.45326 (-9.03) After weeks of stability, the market experienced a significant crash yesterday, with Bitcoin reaching its lowest point in 2018. Bitcoin touched a low of $5,495, and the last time it was trading below that was in October 2017. Bitcoin's market cap has also fallen below $100 Billion for the first time. Most cryptocurrencies are down by more than 10% in the last 24 hours. The total market cap has crashed to $180 Billion, its lowest in 2018. The exact reason behind the sudden crash is not clear yet. In other news, John McAfee has partnered with art investment platform Maecenas to tokenize a Picasso painting. By tokenizing the artwork, Maecenas claims the painting will become "perpetually inaccessible." Also, the New York State Department of Financial Services (DFS) has issued a BitLicense to the New York Digital Investment Group (NYDIG). NYDIG is now authorized to offer liquidity and digital asset management services to New York residents, and the company's subsidiary NYDIG Trust Company is also permitted to operate as a limited purpose trust company. NYDIG is now the 14th institution to be granted a virtual currency license by New York regulators. 1) Kik has chosen to abandon Ethereum blockchain and will use Stellar Lumens protocol to develop its cryptocurrency called Kin. Kik launched Kin during the 2017 ICO boom, and the company is now planning to close Kin's atomic swap with Ethereum. The messenger app managed to raise nearly $100 million in cryptocurrency in September 2017, but Ethererum scaling issues led the company to search for a different protocol for its cryptocurrency. Kik had developed a temporary two-chain strategy that allowed users to switch back and forth between Stellar and Ethereum blockchain. But now the company has decided to only to use one blockchain. Kik founder and CEO Ted Livingston said, "One Kin on one blockchain. That's our vision." Kik has not set a deadline for the migration but is planning to release a toolkit for transfers in the near future. 2) Chinese mining giant Bitmain has denied reports that its CEO Jihan Wu was removed from its board. A news broke out early yesterday on multiple Chinese sites that Wu, along with several other directors had left their positions. It also said that Wu would no longer have executive power over Bitmain's operations. As Bitmain is set to go public on the Hong Kong Stock Exchange (HKEX), the company claims that its board was only restructured to meet regulatory requirements. It also added that there were no board departures and co-founder Jihan Wu will continue to lead the company as co-chair, along with co-chief executive officer, Micree Zhan. In its Beijing subsidiary, Zhan, who previously served as the chairman of the board, has now become an executive director, and Wu's role has changed from board director to supervisor. 3) According to China's Odaily News, the latest round of cryptocurrency downturn might have been caused by the controversy revolving around Jihan Wu, the co-founder of Bitmain. Some big investors of Bitcoin are reportedly spreading rumors by faking his account, saying that he would fight to the end with Craig Steven Wright(CSW). The two sides currently are in a hashrate competition before BCH's hard fork. CSW said recently in an interview that he would destroy Bitmain with his money, which led to a heated argument between him and Jihan Wu. Malicious investors are using this sensational topic to manipulate the market, which might in some way have caused Bitcoin to crash under $5,500. (VS)

a month ago

‘One Blockchain’: Ambitious Crypto Project Kin Forks Roadmap [Again]

The developers of Kin, the cryptocurrency created by social media app Kik, have announced that the crypto token will undergo yet another major developmental redesign as they seek to marry scalability with an intuitive user experience. The Kin Foundation revealed on Wednesday that, in a departure from the crypto project’s earlier roadmaps, developers plan to

a month ago

Kik Selects Stellar for Crypto Token Launch

Kik has chosen to abandon Ethereum blockchain and will use Stellar Lumens protocol to develop a cryptocurrency called Kin. Kik launched Kin during the 2017 ICO boom and the company is now planning to close Kin’s atomic swap with Ethereum. The messenger app managed to raise nearly $100 million in cryptocurrency in September 2017 but Ethererum scaling issues lead the company to search for a different protocol for its cryptocurrency. Kik had developed a temporary two-chain strategy that allowed users to switch back and forth between Stellar and Ethereum blockchain but now the company has decided to only use one blockchain. Kik founder and CEO Ted Livingston said, “One Kin on one blockchain. That’s our vision.” Kik has not set a deadline for the migration but is planning to release a toolkit for transfers in the near future. (RS)

a month ago

Chatswapditch, a simple, fast, one-to-one chat app by @gifhi...

Chatswapditch, a simple, fast, one-to-one chat app by @gifhip, has joined the Kin Ecosystem! Download the app on An… https://t.co/du1YkXE9f5

a month ago

Taking a step back from my AMAs

What an exciting time. The Kin Blockchain is scalable, feeless, and about to be decentralized. Developer apps are going live, and big communities are coming online. The world has no idea what is coming, but we do. Ten months ago I started doing monthly AMAs to answer questions about my vision for Kin. At this point the vision is clear, so the only questions left are about specific plans for the future. When Kik? When KRE? When exchanges? I am excited by each and every one of these questions. But when I look at what it will take for Kin to succeed, I think the odds go up by not answering these questions until they are ready to be announced. This is a competitive race, and it’s better to show what we’ve done, not talk about what we’re going to do. So at this point I’m taking a step back from my AMAs. Some people might misconstrue this as me backing away from the project. Don’t let them convince you. Kin is a dream come true, and we are leaning in more than ever. This is a calculated decision to maximize our chance of success. I’m not going anywhere. I’m still a part of this community and will continue to be active in it. We are also exploring ways to deliver more and better content from everyone building with Kin. On behalf of the team, thank you for all your ideas, support, and hard work. We are honoured and humbled to be part of this community. This is just the beginning.

a month ago

.@Beseech_App's Kin integration is live in Canada and the US...

.@Beseech_App's Kin integration is live in Canada and the US! Looking for a place where local communities can gathe… https://t.co/cSTVxGeSSj

a month ago

Cats or dogs? Pizza or hamburgers? This or that? Download @T...

Cats or dogs? Pizza or hamburgers? This or that? Download @ThisThatPolling, the newest app in the Kin Ecosystem, to… https://t.co/uSw6NbCNK9

a month ago

Apps For Kik's Crypto Ecosystem Appears On iOS And Android

Messaging platform Kik raised over $98 Million last year to build its own cryptocurrency called Kin and an ecosystem around it. After months of development, it is finally starting to take shape. More than 30 apps that make use of KIN are expected to appear in Apple's App Store and Google's Play Store in the coming weeks, and the first few have already gone live. On Android, Kik has launched Reveald (dating), Kinguist (language learning), Nearby (networking), GoChallenge.me (social goals), AddMe (business networking), Find (travel networking), Vent (mental health) and Kinny (social tipping). On iOS, it has launched Blastchat (instant messaging) and Pause For (productivity). Kin (KIN) is priced at $0.000051, gaining 1.64% in the last 24 hours. (VS)

a month ago

Four more apps in the Kin Developer Program went live this w...

Four more apps in the Kin Developer Program went live this week, bringing the grand total to nine! Find out more an… https://t.co/TYJVUhyyDg

a month ago

Welcome to the Kin Ecosystem, @GochallengeM! Download the ap...

Welcome to the Kin Ecosystem, @GochallengeM! Download the app on Android to create and join fitness challenges:… https://t.co/N9hWRjHWNd

a month ago

Of Life, Death, And Cryptos: What Happens To Your Digital Assets When You Die?

Securing crypto tokens hasn’t always been a smooth affair, and it gets even harder when matters of inheritance are concerned. A crypto is basically a virtual currency that’s been coded and protected with strong encryption protocols. As is the case with Bitcoin and others, these encryptions are impossible to crack. The Problem With Crypto Ownership Since Bitcoin debuted into the global market and more cryptocurrencies followed, a straight-forward solution is yet to be found to handle cases of people who pass away and how to smoothly transfer their digital assets to their next of kin. One fact that complicates the prospects of such a process is the manner in which ownership of digital currencies is manifested. Since the owner keeps a special private key that’s not to be disclosed to other parties, coupled by the fact that ownership of cryptocurrencies is basically anonymous, there’s really no easy way to get around such cases. A as results of these complications, a lot of people have left billions of dollars worth of their crypto assets without an heir. Just this April, a prominent US-based investor passed away. Before he passed away, Matthew Mellon had invested about $2 million in digital assets. Forbes magazine reported in February that Mellon’s investment in XRP had appreciated to a cool $1 billion in value. Unfortunately, all that money was lost as Mellon hadn’t given anyone access to his wallets before he died. According to data obtained from Chinalysis, roughly 25% of the Bitcoins currently circulating have been lost forever this way. Chinalysis estimates the total value of these lost coins at about $23.5 billion. That’s a lot of money. Crypto Inheritance - What Are The Options? However, as much as it’s hard to properly prepare for such cases as death in regard to digital assets, it’s always a smart move to at least try. Some people choose to go the old-school way whereby they note down all relevant information like passwords and encryption keys to be used by their next of kin to access their digital wallets in case of their death. Such information may be secured in a safety deposit box in banks, but some people are still wary of the traditional banking institutions. Another option would be to use digital means to secure this pertinent information. One example of such a service is LifeBank, downloadable software that can store passwords and other digital account information. Besides the above options, you can entrust a family member with copies of encryption keys and passwords that they can use to access the crypto wallets in case you pass away. However, such a scenario requires absolute trust, which isn’t so automatic these days. The post Of Life, Death, And Cryptos: What Happens To Your Digital Assets When You Die? appeared first on Ethereum World News.

2 months ago

New Research: Large-Raise ICOs ‘Never’ Deliver Returns

If an ICO raised “large” amounts during its token sale, it means the returns to investors are “never high,” according to new research published October 25. Big Investment, Small Dividends The results of a survey by cryptoasset investment fund Primitive confirm that investors choosing to send money to ICOs should, in fact, look for those which plan to raise smaller - not larger - amounts. “We surveyed major ICOs and found - large raises never mean high returns,” Primitive co-founder Dovey Wan commented on Twitter uploading the data. [A] War chest may buy superficial ‘traction,’ like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors. We surveyed major ICOs and found - large raises never mean high returnsWar chest may buy superficial “traction”, like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors pic.twitter.com/tqMQpdPc5j — Dovey Wan (@DoveyWan) October 26, 2018 What’s In A Market Cap? While Wan did not initially reveal which ICOs had constituted the data, the results continue recent negative publicity for the sector, which has seen losses this year often making headlines. As Bitcoinist reported in September quoting data from monitoring resource Diar, some of the biggest ICOs of 2017 have since lost the most money relative to their starting capital. A list of the industry’s “top ten losers” placed Sirin Labs at number one, the project’s market cap dropping from $158 million after the ICO to just $17 million now - a loss of 89 percent. Paragon, Bancor, and Kin also fared disastrously, shedding 96, 52 and 53 percent of their market cap respectively. However, while the total figure for ICOs being “underwater” this year has passed 70 percent, market sentiment has since turned away from pure capital, Diar notes, due to the very nature of many of the projects behind fundraising moves. “And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation,” it summarized. What do you think about the latest ICO returns data? Let us know in the comments below! Images courtesy of Shutterstock The post New Research: Large-Raise ICOs ‘Never’ Deliver Returns appeared first on Bitcoinist.com.

2 months ago

Kin and Prime31, an experienced builder of Unity plugins, ar...

Kin and Prime31, an experienced builder of Unity plugins, are at #UniteLA hosting a Pop-Up Tech Talk on building bl… https://t.co/lxYOs2qZBn

2 months ago

Welcome to the Kin Ecosystem, @joinblastchat! Download the a...

Welcome to the Kin Ecosystem, @joinblastchat! Download the app on Android or iOS, and blast content to your most im… https://t.co/CW1qth26AO

2 months ago

Apps from the Kin Developer Program are starting to go live!...

Apps from the Kin Developer Program are starting to go live! Welcome to the Kin Ecosystem, Nearby. Download it on A… https://t.co/D1rfINzZGi

2 months ago

6 Tokens With a Low Distribution of Wealth

In the world of cryptocurrencies, fair distribution of wealth is a lot more difficult to come by in this day and age. An interesting statistic shows how there are plenty of projects whose majority of the token supply is held by just 20 wallets or less. That is quite worrisome, especially because several of these tokens pertain to exchanges. #6 Cortex Although some people might not know what Cortex is about, the company aims to bring artificial intelligence to blockchain technology. Their ultimate goal is to build a decentralized AI autonomous system. Unfortunately for the team, nearly 90% of its tokens are held by 20 wallets or less. That is far from a fair distribution, and it will be interesting to see if the team decides to address this specific issue anytime soon. #5 Kin Even though the Kin token sale has gotten a lot of attention, it seems the distribution to date is not necessarily going according to plan. With over 90% of its token controlled by 20 wallets or less, it would appear there are some major investors involved in Kin, although a better distribution could easily benefit this particular venture moving forward. #4 Cryptonex Cryptonex is a platform which seeks to facilitate access to the world of cryptocurrencies. Their platform allows users to buy and sell Bitcoin, Ethereum, and the native Cryptonex token. Unfortunately, it seems most of those tokens are controlled by 20 wallets or less. It is possible the biggest wallet will be associated with the platform itself, though, but it is still a slightly worrisome situation regardless. #3 KuCoin Shares Whenever exchanges began issuing their own tokens, there was a genuine concern as to how things would pan out in the long run. It is anything but surprising to see nearly 95% of KCS tokens being locked in just 20 wallets, as the token can only be traded on the KuCoin exchange itself. Even so, this lack of distribution seems to indicate there isn’t much interest in this token, for some unknown reason. #2 Veritaseum The business model envisioned by Veritaseum is pretty interesting. It allows for access to capital markets in the form of globally accessible software. Its native asset, on the other hand, can be found within 20 wallets or fewer right now. Over 95% of its tokens are stored in these wallets, indicating there is nearly no distribution taking place at this time. Changing that narrative will be a very big task. #1 Huobi Token Another exchange-issued token closes this list, which is only normal. Huobi Token is an asset native to the Huobi exchange, and it can only be sued in that regard. As such, it is fairly normal very few wallets have access to this token’s supply right now, although one would expect distribution to be a bit more fair, all things considered. Just 2% of its tokens are not owned by the top 20 wallets, which is a bit unusual, even for an exchange-issued token. The post 6 Tokens With a Low Distribution of Wealth appeared first on NullTX.

2 months ago

Want to learn more about the demos we saw during Monday's Ki...

Want to learn more about the demos we saw during Monday's Kin Developer Program Demo Day? Check out our trends from... https://t.co/g058Y4K08Y...

2 months ago

@thebutlermouse Hi! Thanks for reaching out - we will share ...

@thebutlermouse Hi! Thanks for reaching out - we will share an update on the Kin Blog tomorrow once the verdicts fr... https://t.co/o5ldaKGlrI...

2 months ago

Demo Day Trend: Teams were given the option to implement the...

Demo Day Trend: Teams were given the option to implement the Kin Marketplace for earn opps, but many participants h... https://t.co/cmJUHPnjTa...

2 months ago

We’re getting ready to watch live demos from each participan...

We’re getting ready to watch live demos from each participant in the Kin Developer Program from 8:30am to 4:30pm ES... https://t.co/al5AwUolH9...

2 months ago

Demo Day is quickly approaching! On Monday, participants in ...

Demo Day is quickly approaching! On Monday, participants in the Kin Developer Program will show us their Kin integr... https://t.co/85SPbU2eHg...

2 months ago

Fashion and Beauty Industry Looks Towards Cryptocurrency Integration

More and more industries are looking towards the adoption and use of cryptocurrencies, and the beauty industry is among them. According to the Glossy Magazine, companies in the fashion and beauty space are integrating cryptocurrencies and blockchain technologies into their businesses, using the tech to create a reward system. The firms are taking a bet that utilizing these reward systems might lead to customer retention and boost sales. The most notable pioneers of the reward systems are Opu Labs and Perfect365. Opu Labs rewards customer personal data with in-house tokens, while Perfect365 uses the existing KIN tokens to entice users to spread the word about their services. (KE)

2 months ago

We're less than two weeks away from Demo Day for the Kin Dev...

We're less than two weeks away from Demo Day for the Kin Developer Program! Check out the participating apps submit... https://t.co/XRcr6AzfJ9...

2 months ago

Happy anniversary! It’s been one year since the Kin token di...

Happy anniversary! It’s been one year since the Kin token distribution event. @ted_livingston took some time to ref... https://t.co/wLhu7KcjHM...

3 months ago

Request Network to Support Five ERC20 Tokens After Upcoming Update

The Request Network has announced that it will be upgrading its platform to support five ERC20 tokens. These tokens are; Kin (KIN), Binance Token (BNB), Basic Attention Token (BAT), Ox (ZRX), Chainlink (LINK). Users will be able to use the tokens to issue invoices, complete on-chain verified transactions and to accept online payments. Users can also use various plugins to allow for the tokens to be accepted on online shopping platforms. The invoicing tool of Request Network was earlier updated to support the new ERC20 tokens, enabling users to send and request manual payments via the network's decentralised on-chain app. (SK)

3 months ago

Today's the day! Don't miss our reddit AMA with Kin CMO Matt...

Today's the day! Don't miss our reddit AMA with Kin CMO Matt DiPietro, starting at 2p.m. EST. Submit your questions... https://t.co/gHVaBeBTLS...

3 months ago

Three teams in the Kin Developer Program have uncovered ways...

Three teams in the Kin Developer Program have uncovered ways Kin can benefit users of travel apps - find out how in... https://t.co/g4Gc4R7iwG...

3 months ago

Kin Developer Program update: We've made some changes to the...

Kin Developer Program update: We've made some changes to the program's timeline based on feedback from our particip... https://t.co/Wv2cRtfzsK...

3 months ago

Kin Hires Former Twitch Vice President as CMO

Kin Ecosystem Foundation has hired Matthew DiPietro as their new chief marketing officer (CMO). DiPietro worked for Twitch as the senior vice president for eight years and he is now in charge of planning the brand strategy for Kin. Twitch is a live streaming video platform which is now owned and managed by Amazon. DiPietro describes the opportunity as a chance to be part of a technological revolution that will “fundamentally change the relationship between consumers and developers.”(RS)

3 months ago

Users in Australia, Canada, India, U.K, and U.S. will soon b...

Users in Australia, Canada, India, U.K, and U.S. will soon be able to earn and spend Kin in-app. Download... https://t.co/9HD3bowDGP...

3 months ago

Perfect365, the #1 augmented reality beauty platform, is com...

Perfect365, the #1 augmented reality beauty platform, is coming to the Kin Ecosystem! Learn more:... https://t.co/YTaRc9ZRnn...

3 months ago

Canadian Messaging app Kin Poaches Twitch Marketing Chief

The Kin Ecosystem Foundation has hired a new marketing chief from Twitch. Matthew DiPietro joins Kin as the chief marketing officer. Previously DiPietro held a similar role at Twitch, a live streaming platform. Kin is the cryptocurrency of Canada-based messaging app Kik. "Matt's previous experience at Twitch, where he defined a new industry and helped drive mainstream adoption of live streaming, is a perfect fit as we work towards making Kin the most used cryptocurrency in the world,” according to Kik and Kin Founder Ted Livingston in a press release. The KIN coin has gained approximately 9% in the last 24 hours on trading volume of $374,453. (GT)

3 months ago

The Kin Developer Program's demo day is quickly approaching!...

The Kin Developer Program's demo day is quickly approaching! Check out our @Medium post to find out how some partic... https://t.co/Kl1xlEDyxq...

3 months ago

The Kin Foundation is Currently Supporting 8 Crypto-Gaming Projects

The Kin Developer Program is currently investing in blockchain and crypto startups focused on blockchain-driven games. At the moment 8 of the 40 projects supported by the foundation focus on blockchain gaming and Ella Zhang, the head of Binance Labs, believes that the gaming industry will be the next frontier for blockchain developers. The Kin Foundation foresees great potential for blockchain to be used in gaming as it “can enable easy peer-to-peer transactions among gamers who often play opponent in other countries, and use different currencies than the person they’re playing.” (RS)

3 months ago

Dogecoin Creator, Jackson Palmer, is Concerned About the State of dApps

Jackson Palmer, the creator of Dogecoin, recently told developers to find ways of converting centralized systems to decentralized applications (dApps). He also urged the dApp creators to find ideas of motivating users to switch to decentralized methods by the same system Brave Browser used to pay users with the BAT (Basic Attention Token) to boost adoption. Jackson Palmer approves the Kin (KIN) blockchain, a new digital currency created by the team behind Kik saying that it allows users to participate in the decentralized economy without realizing it. (KE)

3 months ago

Monthly AMA with Ted - Founder and CEO of Kin and Kik - Tuesday 2:00 PM ET

On Tuesday, September 11, 2:00 p.m. ET, we will host our monthly AMA with Ted. Prior to sharing the guidelines, we want to acknowledge that [some community members were less than thrilled](https://www.reddit.com/r/KinFoundation/comments/97ja2b/recent_ama_a_clarification_an_apology_and_some/) with the last AMA, and we want to clear the air regarding these concerns. The one question per person rule surprised some people, and we should have communicated this more clearly. The intent of the rule is to be inclusive of all members. Previous AMAs have been dominated by a few members, and as a community of 10,800 people, we want to give everyone a chance to be heard. We will continue to keep this rule. Regarding length, many have asked for one hour, stating that 30 minutes is not enough. As you can imagine, Ted has a very busy schedule, and as a project, we need to balance and manage his time effectively. We will plan to continue with 30-minute AMAs. And finally, we don’t avoid hard questions. It’s not the intent of these AMAs. Community feedback is extremely important to Kin. We appreciate all questions and will do our best to answer them. In an effort to make every AMA better than the last, we are going to try splitting this AMA into two parts: * Ted will cover the top three topics that emerged since the last AMA at the beginning to provide context. For this AMA Ted will cover: * Kin Developer Program / KRE * Wallet #4 * Kinit on iOS * The regular AMA. As a reminder Ted won’t make announcements during these AMAs. Ted is open to all questions about Kin as long as they follow the rules. In particular, he has suggested two types of questions: * 1. Questions where you want Ted’s perspective on something the has emerged in the industry. For example, “What do you think of the drop in the crypto market?” * 2. Questions that you genuinely get from critics, that if you had a better answer for them, it would help you better explain Kin to them. For example, “Isn’t Kin just a rewards program?” or “But isn’t Kin’s blockchain centralized?” or “Why isn’t there a roadmap?” What questions are you getting about Kin that Ted can help you answer? Please note that we will continue to assess the structure of these AMAs in an effort to constantly improve them. If changes need to be made, we will make them, and we promise to clearly communicate these changes so that there are no surprises. **AMA Guidelines:** * **One question per person.** The intent of the rule is to be inclusive of all members. We want to give everyone a chance to be heard. * **One question per comment**. A question in a comment thread does not qualify as a question. * **Redundant questions will not be addressed**. Please double check that your question has not been answered in this thread or in a previous AMA. * **Be respectful** **and ask constructive questions.** * **Keep questions to Kin and the project.** * **Questions about a specific individuals will be removed.** * **All questions must abide by the rules of our subreddit.** Link for the live stream of today's AMA [here](https://www.youtube.com/watch?v=dCHdDkdD8yY). To help guide the discussion, here are the top updates from the past month: * We [accepted 40 developers into the Kin Developer Program](https://medium.com/kinblog/kin-developer-program-accepts-40-developers-to-grow-kin-ecosystem-6949709d4a9f) * [Kinit is now available in iOS](https://medium.com/kinblog/kinit-app-now-live-in-ios-app-store-48163c0a80d9) * Former Ethereum advisor and crypto expert [William Mougayar joined the Kin Ecosystem Foundation’s board of directors](https://www.prnewswire.com/news-releases/former-ethereum-foundation-special-advisor-william-mougayar-appointed-to-kin-ecosystem-foundation-board-of-directors-300701460.html)...

3 months ago

The Kin Developer Program is underway! Check out our @Medium...

The Kin Developer Program is underway! Check out our @Medium to find out more about the developers who have uncover... https://t.co/fSxS3kJwRZ...

3 months ago

Bill Barhydt: ETF Applicants have to fit the Preferences of SEC

Bill Barhydt, the top executive of Abra recently said during an interview with CNBC that "Bitcoin (BTC) ETF applicants have to fit the financial archetype that the U.S. Securities and Exchange Commission (SEC) is looking for." He also noted that applicants should never dress in informal interview apparel in front of SEC and should "looks, feels and smells" the way the SEC wants them to in order for an ETF application to win approval. However, he showed his optimism that 2019 is the year. Winklevoss brothers’ ETF application failed in July and Van Eck/Solid X proposal is yet to be decided on September 30th, 2018. (RL)

3 months ago

Japan's Largest Bank Is Bullish On Ripple

At a recent conference, Steven Diep, a representative of Japan's largest bank, Mitsubishi UFJ Financial Group, Inc. praised Ripple for offering a better alternative to SWIFT. He said SWIFT takes long hours, and high fee to transfer money from one part of the world to another. Ripple can get the same transaction done under 30 seconds for a fraction of the fee. He also added that they're looking to integrate Ripple in any way they can. XRP is currently priced at $0.3359, losing 0.48% in the last 24 hours. (VS)

3 months ago


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