The Kin Foundation

A Guide Produced by Kinit.co.uk

Blockchain Technology Integrated in Every Day Apps

The Kin Foundation are building a decentralised ecosystem for digital services. These services include chat apps and social networks. This project was originally created by social media company KIK, they offer a free social platform and messenger service to connect friends and family.

The company decided to integrate blockchain technology and successfully executed an ICO that netted them $98 million dollars.The idea behind all of this is a new way to connect creators directly to customers. This way they remove the need to advertise content as a way of monetisation.

Learn More About The Kin Foundation

The Kin Foundation acts as an independent, nonprofit and democratic governance body for the members of the Kin ecosystem. The Kin ecosystem is a community of partners, digital services and applications that adopt Kin as their currency. They will ensure the ecosystem transitions into a fully decentralised network that provides choice and incentives for users. The Kin Foundation will oversee the fair and productive growth of the ecosystem as a whole.

The Kin Ecosystem is a community of partners, digital services and applications that adopt Kin as their currency. The foundation acts as an independent, nonprofit and democratic governance body for the members of this ecosystem.

Kik, Kin, Stellar and Ethereum are All Part of the Kin Network


Below you can find a video with an introduction to Kin and the Kin Foundation from the CEO Ted Livingston;


The Kin Key, Make Sure You Keep Your Cryptocurrency SecureLOL or Is It Complex Kin Binary that Keeps the Blockchain DecentralisedKin Coin Developed by the Kin Foundation

The principal functions of the foundation include;

  • Open governance of its resources, together with other ecosystem partners
  • The support and advancement of technology related to Kin’s implementation
  • All matters related to ecosystem membership, including the Kin Rewards Engine
In the long term, the foundation will fund research and development efforts to support an autonomous reward mechanism also known as the Kin Rewards Engine that will be secure against economic vulnerabilities, with all transactions accounted in a fully decentralised way.

 

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