What is Kin coin Cryptocurrency?

3 min read | December 10, 2021 06:06 PM AEDT | By Jasmine Anand

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Highlights

The Kin crypto, which came into existence in 2017, was designed for mobile and web apps.

A decentralised cryptocurrency, Kin is now on the Solana blockchain.

It offers swifter processing of transactions and boasts minimal transactional fees.

Created in September 2017, the Kin cryptocurrency was initially developed for the Kik messaging service, i.e., for easy integration across mobile and web apps. A Quick Read: Keen on crypto? Here are some top cryptocurrency trading apps

When launched, its founders stated that the Kin ecosystem has been incepted to bring its users into a new shared economy wherein the crypto laid the foundation of a decentralised ecosystem of digital services.

The Kin cryptocurrency got the advantage of the huge customer base of Kik, through its messaging platform, thus helping in the quick adoption of the crypto. Related Read: What Are the Top Solana Cryptos?

It is noted that the crypto was initially launched on the Ethereum blockchain but has now migrated to the Solana blockchain, with its in-house token being KIN. Do Read: 5 emerging blockchains that may become Ethereum killers in 2022

What is Kin Ecosystem Foundation?

Incorporated as a Canadian non-profit corporation, the Kin Ecosystem Foundation has been created for the easy governance of the Kin crypto.

The said foundation focuses on overseeing issues related to the crypto’s safety and security features, evolving its Kin Rewards Engine and membership and its gradual move to a decentralised model, which is independent of the Kik messaging service.

What are advantages of Kin cryptocurrency?

Ever since its integration into the Solana blockchain, Kin enables faster processing of transactions.

Moreover, it boasts a minimal-to-no fees structure, which is one of the main reasons for its huge popularity among its users. Do Read: Which are the top cryptocurrency performers during mid-week?

Where to buy Kin crypto from?

The Kin crypto is easily available and anyone interested in buying the crypto can buy through several exchanges like Kucoin, CoinTiger, FTX, CoinEX, Serum, HitBTC, BitGlobal, YoBit, Digifinex, and many more.

Kin crypto’s current performance

At the time of writing, on 10 December, Kin crypto was priced at US$0.00009876, with a rise of 1.76% over the last 24 hours. It has a market cap of over US$165 million and has a maximum supply of 10 trillion KIN coins. Interesting Read: Will Ethereum, Solana, Polkadot rally continue after all-time highs?

What is Kin coin Cryptocurrency?

Bottom Line

Boasting stunning built-in functionality and programmability, the Kin crypto is constantly expanding its user-base by creating new enriching experiences.

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