The Kin ecosystem is a set of tools that allow the users to build KIN transactions, add signatures to them, before being submitted to the network.Visit Laboratory.kin.org
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KIN is an ERC-20 token based on Ethereum that is designed as an engaging ecosystem to help onboard mainstream users to cryptocurrencies and simple, digital payments. KIN is the native token of the Kik social media platform, which launched a token-fueled initiative for an ecosystem of applications leveraging the KIN token as the medium of value transfer.
Users can receive KIN for using apps in the ecosystem, sending/receiving Kin to friends, and the network has a native SDK for integrating apps into the platform.
Kik is a massively popular social media platform with over 100 million Google Play installs, and made the transition to a token economy of applications and payments to embed an incentive structure into its social media ecosystem. Developers can integrate and launch applications in the Kin community with the Kin SDK.
Currently, Kin offers 4 major products with its SDK: Kin Android, Kin iOS, Kin Python, and Kin Unity.
Many of the applications in the Kin environment are social media and communication-oriented. For example, leading apps on the platform include Swelly and Tapatalk, two hybrid social media/communication apps that enable payments and rewards directly in the KIN token.
Kin’s goal is to leverage Kik’s massive user base to onboard mainstream users to the advantages and convenience of cryptocurrency payments, applications, and rewards systems.
According to Kin, the platform currently has 1.8 million unique spenders, 9.4 million unique earners, and 58 active monthly applications.
Kin offers a native wallet compatible with Ledger devices, and Kin is planning on rolling out its token swap functionality, partnered with CoinSwitch, to help its users transition the KIN token from the ERC-20 standard on Ethereum to a standalone Kin blockchain.
Kik is currently engaged in a lawsuit with the SEC regarding its $100 million ICO sale of the KIN token.