What is kin? - Digital currency that wants to change daily life through digital servicessteemCreated with Sketch.

in cryptocurrency •  6 years ago  (edited)

What is kin?

If building a digital service is your goal, then kin is the solution you might want to consider to create a unique and innovative digital product. Kin wants to provide you the tools in order to make a life changing chat service, social network, or digital service via their platform. So basically any application you can create, kin gives you the promotion, tools, incentives, and documentation to do so. Kin wants you to bring users to the app you create using their documentation and wants you to integrate the kin cryptocurrency.

If you are wondering what the case is when people are planning to use the platform to create apps, kin ecosystem plans to be able to handle 1M transactions per day. You can check out the kin ecosystem official website and see what they have to offer here.

Kin was also brought to you by the creator of kik. Which is why they were able to raise so much capital during the private and public version of token sale. Kik was more of a popular thing back in the day (years 2008-16). It is a chat service app that allowed you to create groups, join groups and talk to people around the world. Kik wasn't exactly a "dating" app, but that is what people tended to use it for.

I used kik a lot back then and I found it to be a lot of fun talking to people I never knew, and meet some people and join groups. To give you an idea of how kik worked, I would compare it to whatsapp. If you don't know what whatsapp is then I give up, going back to kin ecosystem - if kik were to be built using the documentation and integrated the cryptocurrency, that is exactly the kind of app that would fit into the kin digital services ecosystem.

What is kin?

Speaking of developing, I already know that everybody doesn't want to be one and neither do I. So you may be asking - what can I do with kin ecosystem, it sound so cool and I want to be apart of it somehow? Well, my answer is that you can either start developing and learning or simply wait for the products to start rolling out. This is the issue a lot of similar platform cryptocurrencies are facing because only a small percentage of people know or willing to learn how to develop. Their is little or nothing to be done yet with cryptocurrencies like kin and that reflects with the price. Which if you didn't know is so close to nothing I don't see how it can honestly get any lower.

But for the people who are willing to develop then to start using kin you can go to the developers website here.

There you can play around and get an idea of how it works.

Does it have a real use case?

As far as I know Kin has more to show then a lot of virtually useless cryptocurrencies I have seen in my day researching and looking into blockchain and digital currency. So with that being said and hopefully you can can agree with me on this, I say that Kin does have a real use case. Let's look at why:

  1. Kin was created by the same person who created the successful chat app Kik which in it's day had almost 100 million users.
  2. Kin ecosystem developer program. Allows anyone to work on Kin documentation and learn what it will be like to create the next hugely adopted application for consumers.
  3. Put it all together and I would say do your own research as well, but I come to the answer that Kin is going to be a very useful cryptocurrency, and once you have something tangible people will be likely to regret not being apart of this earlier.

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This is original content, written in my words using only information I found about the topic which is kin cryptocurrency in this case.

Some images were captured from my screen off of the website, is that okay?

Thank you for letting me know because we make money with this content, next time I will source my images.

Well, there is not a big difference between downloading the image from another website to upload it on Steemit post and taking the screenshot of the image (content) to upload it here.
In both cases, the original belongs to its author who holds the copyrights and all other rights and maybe is not willing to give his/her work for some re-usage purposes free of charge and especially not for commercial purposes.

Therefore, we should check if the content we want to use from elsewhere is free to use (re-use) and if it is under which license or conditions, meaning what kind of attribution is required, etc.
Most websites out there protect their content. This could be the easiest and fastest seen (usually in the footer, at the bottom of their pages) where you may find something like this: "Copyright © 2018," or "Copyright © 2010 - 2018," or just "© domain name," "© company name," and similar.

That would be one of the first most common indicators that the whole content on a particular domain is protected. If there are some exceptions, it would be usually stated in the TOS of the site where the site owners describe what the exceptions are or might be and when and how we can use a certain portion of their content and under which conditions.
If this is not clarified, mainly we are not allowed to use anything.

Hope this would answer your question, and clarify how to handle with the copyrights (in general) a bit more. 🙂

Interesting project, thanks for sharing!

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