KIN crypto asset, This week, will be listed on Indodax. Open deposit will start on November 24, 2021 at 14:00 WIB and open trading will start on November 25, 2021 also at 14:00 WIB.
Who here has been waiting for what other crypto assets will be coming to Indodax? Don’t worry, this week, KIN is here for Indodax friends. Eits, before buying, let’s study this crypto asset first!
What is Kin?
Kin is a decentralized crypto asset 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 are paid to create an engaging crypto asset-based user experience, where greater engagement results in shared economic benefits for users and developers. It was originally launched in 2017 as an ERC20 token on the Ethereum blockchain, but has since migrated to the Solana blockchain, enabling consumer-scale applications to transact quickly, with minimal to no fees. Currently, the Kin ecosystem boasts 60+ million wallets, and has distributed over $70 million in rewards across 60+ apps since its inception.
How Does Kin Work?
Kin tokens enter circulation through an incentive-based revenue model known as the Kin Rewards Engine (KRE), which rewards developers for creating engaging crypto asset-based experiences that deliver Kin value. KRE creates a user/developer first economy, offers a sustainable and equitable monetization model that encourages the adoption of new use cases and value creation for cryptocurrencies, and encourages the exchange of value between users, as opposed to capturing user data and attention without benefiting the users themselves. This alternative monetization model realigns users and developers around a shared digital economy where content creators and users are rewarded for the value they bring to the platform, and not a big data monopoly.
Kin offers the fastest and easiest path for developers to integrate crypto asset in their web & mobile applications, using incredible OS tools & technologies along with a wide variety of plug-and-play SDKs. The Kin SDK takes the hassle out of complex cryptocurrency integrations so all developers have to focus on is creating a great in-app experience where users can earn and spend their Kin tokens. Designed for mainstream adoption, Kin tokens removes the hurdles that developers face to provide a fast, easy & intuitive cryptocurrency development experience.
The distribution and logic of the Kin Rewards Engine algorithm is overseen by the Kin Foundation, a non-profit organization based in Ontario, Canada. Undistributed kins are held in institutional-level treasuries that are controlled through a series of vesting periods, inflation guidelines, and fiduciary custody controls that ensure safe transfers and proper use of funds. No more than 10 trillion Kin will ever be in the Kin ecosystem by the end of the distribution period, a large supply meant to enable mass adoption by users worldwide while still transacting in integer denominations instead of decimals.
KIN Crypto Assets
Currently, KIN works on top of the Solana system. CoinMarketCap’s current rating is #405, with an immediate market cap of $144,032,199 USD and has an outstanding supply of 1,665,089,365,144 KIN and max. supply 10,000,000,000,000 KIN.
How to Buy KIN Crypto Assets on Indodax
For those of you who want to buy KIN crypto assets, you can buy them on Indodax, precisely on the USDT market starting November 25, 2021 at 14:00 WIB. Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, look for KIN on the USDT market then click
- After entering, you just have to buy by filling in the balance and at what price you want to buy KIN. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.