What Is Kin (KIN)?

Kin is a blockchain-based ecosystem that is built to encourage support and mass usage of the digital economy. The platform aims to offer the content creators, app developers, and users an opportunity to earn from their contributions to the digital space. The kin platform was developed by Kik, an organization that developed the Kik chat app. The Kin platform aims to establish an open, decentralized, and sustainable platform.

According to the whitepaper of Kin, digital services play an essential role in the sphere of the economy. The Kin platform is a new digital economic community whereby people collaborate, experience content, and reward one another with real value.

Kin (KIN) is the token of the Kin platform, which is aimed to be utilized for regular digital services on the Kin platform like social media, payments, and chats. KIN is the unit of all economic transactions within the Kin platform. Moreover, the token serves as a basis for interoperability with other digital services.

KIN is aimed to incentivize content creation by rewarding the creators. Kik aims to allow every individual to create content and earn KIN, encouraging high-quality content. The Kin platform also seeks to allow the users to manage the notification of every action.

History of Kin (KIN)

The Kin whitepaper was published in 2017. Kin was founded in 2017 and supervised by the Kin Foundation, a nonprofit organization established primarily for governing KIN. Kin Foundation is headed by Ted Livingston, CEO of Kik Interactive Inc. and founder of Kin. William Mougayar is the executive chairman of the Kin Foundation. The maximum total supply of KIN is 10 trillion.