Buy Kin Token _TOP_
Kin is a decentralized cryptocurrency purposely designed to integrate easily across Mobile and Web Apps, with a built-in incentive model that rewards developers for increased usage. Apps built with Kin get paid for creating compelling cryptocurrency-based user experiences, where greater engagement results in shared economic benefits for users and developers. It was initially launched in 2017 as an ERC20 token on the Ethereum blockchain, but has since migrated to the Solana blockchain, enabling consumer-scale apps to transact swiftly, with minimal-to-no fees. Today, the Kin ecosystem boasts 60+ million wallets, and has distributed over $70M in rewards across 60+ apps since its inception.
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Kin tokens enter circulation via an incentive-based revenue model referred to as the Kin Rewards Engine (KRE), which rewards developers for creating compelling cryptocurrency-based experiences that lend themselves to the value of Kin. The KRE creates a user/developer first economy, offering a sustainable and fair monetization model that incentivizes the adoption of new use cases and creation of value for a cryptocurrency, as well as encouraging the exchange of value between users, as opposed to harvesting user data and attention at no benefit to users themselves. This alternative monetization model re-aligns users and developers around a shared digital economy in which content creators and users are rewarded for the value they bring to the platform, and not the big-data monopolies.
Cryptocurrency is a particularly volatile market, making it extremely important to perform due diligence before deciding to purchase a token. Here are some things to keep in mind prior to buying KIN:
In his Wednesday ruling, Hellerstein concluded that similar logic applies to the Kin tokens Kik sold in 2017. Officially, Kin owners are not entitled to any profits generated by the Kin ecosystem. But practically speaking, people bought Kin because they hoped a thriving Kin ecosystem would push up Kin's value the same way that bitcoins and ether had become more valuable over time.
In short, people who bought Kin tokens in 2017 weren't buying access to an existing Kin-based ecosystem. Rather, they were betting that Kik would be able to develop a Kin-based ecosystem in the months and years after the token offering. In other words, Hellerstein said, they were making an investment in Kik's project in hopes of making a profit. That made Kin a security.
So in the future, new cryptocurrency projects may be forced to first raise money from traditional investors. The project can use this early money to build a network and hire lawyers to figure out the regulatory issues. Only then would it be safe to launch the network and offer the tokens to the general public.
This isn't impossible. Last year, the blockchain startup Blockstack raised $23 million in an SEC-approved token offering. But it did that only after raising more than $5 million from traditional venture capitalists in earlier years.
This was the point at which the sale of Kin tokens fit most clearly within the Howey investment contract analysis test. That test, in extremely general terms, requires: (1) the investment of money or something of value; (2) in a common scheme; (3) with the expectation of profits; and (4) based on the essential entrepreneurial or managerial efforts of others. At the time that Kin was initially sold, the purchasers were paying U.S. dollars or Ether (ETH) in exchange for the new tokens, meeting the first element.
The second element was found by the court to exist because the fortunes of all of the purchasers were tied together, along with those of Kik, which retained a sizable amount of the total authorized supply of Kin. As for the third element, the required profit motive, there were substantial allegations about the extent to which Kik had encouraged purchasers by pitching the potential profitability of Kin. Finally, with regard to the managerial effort required from Kik, the court appeared to be convinced that Kik had promised to promote the profitability, development and expansion of the Kin network as well as work toward ensuring free transferability of the Kin tokens.
On Sept. 12, 2017, Kin was launched via a public sale called the Token Distribution Event, or TDE. The TDE involved the distribution of 1 trillion Kin tokens on Sept. 26, 2017, to a combination of the institutional investors who had previously bought the SAFTs and approximately 10,000 public purchasers. Kik retained 3 trillion Kin for its own account, and an additional 6 trillion Kin tokens were distributed to the Kin Foundation, the not-for-profit foundation located in Ontario, Canada that continues to incentivize the development and functioning of the Kin ecosystem, through the allocation of its Kin reserves.
While the Kin Foundation did initially own 60% of the total supply of Kin, which is capped at 10 trillion tokens, the foundation is an independent nonprofit entity that is not profit-driven or incentivized. At the current time, the involvement of the Kin Foundation is designed to ensure safe transfers, proper use of funds and avoid fraudulent activity.
As a result of these developments, there is a very strong case to be made that today, Kin tokens are not securities. In addition, given the exciting innovation occurring as a result of the work of third-party developers in the ecosystem, there are policy reasons not to shut down the system as well.
It is true that Section 5 of the Securities Act of 1933 requires all sales of securities to be registered or exempt, regardless of who is trading. However, everyone other than an issuer, underwriter or dealer is exempt from this requirement under Section 4 of the same act. It is also true that the definition of an underwriter in this context is incredibly complex and far beyond the scope of this short comment. However, someone with no affiliation with Kik (the issuer of the Kin tokens), trading today, more than two years after the original issuance of Kin, is an exceedingly unlikely target for the SEC even if there might be a convoluted argument about the role of such person as an underwriter.
For Kik itself, and potentially for insiders and attorneys of Kik, the result might be different, although as this comment suggests, there is indeed a strong argument that Kin tokens today should not be treated as securities either as a matter of legal precedent or as a matter of good policy.
InvestorsObserver gives Kin a strong short-term technical score of 80 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. KIN has currently traded better than 80% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions. (adsbygoogle = window.adsbygoogle []).push(); InvestorsObserver is giving Kin a 80 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kin!See Full ReportTrading AnalysisKin is $0.000001 (22.15%) above its 30-day low of $0.000003883 while $0.000000 (-6.16%) below its 30-day high of $0.00000505. In addition, KIN's current price of $0.000004743 is above its 30-day moving average price of $0.000004385, leading to a strong short-term technical score. Overall the recent trading history of Kin suggest that investors are bullish on the token at the moment. (adsbygoogle = window.adsbygoogle []).push();KIN has a relatively average market cap for a token with a total market value of $10,468,081.36. The market valuation for Kin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and KIN sits underneath that mark but remains above $100 million in market capilization. Kin's average volume meanwhile is average with $2,129,022.18 worth of the token traded over a typical 24 hour period. The volume for KIN is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, KIN's volume is below its average with $330,304.32 exchanged.SummaryKin's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Kin (KIN).
The Kik project, a much-touted $100 million ICO that promised to bring its token to the masses via a chat app, has met an inglorious end and become one of the crypto coins to truly go down to zero.
The startup reportedly released as much as 70 employees, shrinking to a core team of 19 developers. In the meantime, Kik is still deadlocked in legal procedures with the US Securities and Exchange Commission, and will probably spend its funds in a futile battle to prove that the KIN token was not intended to be an unregistered security.
Additionally, those who are rewarded with tokens can use them in other games if they want. Creators of multiple games benefit more as they can promote their other games on the platform. Developers are not left out; they also get tokens when using the platform.
Based on our KIN price prediction for 2028, KIN could trade between a minimum price of $0.00006804 and a maximum price of $0.00008499. The expected average price is $0.00007005. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price.
Kin has the opportunity to expand due to a large amount of circulating supply, and some price forecasts are not too optimistic. To improve the utility of the token, increased developer partnerships are necessary. A market survivor due to its massive community, KIN has actual value and, therefore, cannot vanish from the crypto market. 041b061a72