Kik is one of the most important names in social media. It’s a ubiquitous chat app that’s been around for a few years now. And even though it has survived more than a couple of hype cycles at this point, there seems to be a great deal of life left in the Kik model, especially as the company introduces cryptocurrency to the system and expands into a new digital ecosystem built upon the blockchain.
“Blockchain” and “cryptocurrency” don’t always make a company better. Sometimes standard technologies work just fine, with no need for new economic models and microtransactions. However, there are more than a few cutting edge social platforms that have used these tools: Steemit and Tron come to mind. Kik is incorporating these methods, and investors are bullish about the results.
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What is the Kin Coin ICO?
Kin coin is the new digital token of the Kik digital ecosystem. The Kin coin ICO introduced several billions of kin coin to the cryptocurrency investment community. The total supply is 10,000,000,000,000 (ten trillion), but only several hundred billion are available in the Kin coin circulating supply of today.
Kin coin was released as a payment solution within the Kik ecosystem. Kik had experimented with digital currency a couple of years prior, but this was the first time a true cryptocurrency was introduced. Kin coin can already be used on the network in simple ways, with many more use cases to come.
Why Are Investors Excited About Kin Coin?
It’s clear to just about everybody that digital communication and social media aren’t going anywhere. As Facebook continues to hemorrhage users, many are starting to look for the next big thing. Kik, in many ways, is and has been the next big thing, but as the company, $1 billion valuation and all, is still not a truly world-conquering app, many investors see incredible growth potential.
- Kin coin is also exciting because it transcends the Kik network. Of course it has many use cases with Kik (tipping, paying bots for services like ordering pizza, getting paid for viewing adds, etc.), but it’s also freely tradable in the larger cryptocurrency industry, against international virtual currency standards like Bitcoin, Ethereum, Litecoin, NEO, and ARK.
- Finally, the enormous number of kin coin available means that the Kin coin price is very, very low. At the time of this writing, a single Kin coin price is just over 1/10 of 1 cent ($0.001). This allows investors to buy up huge quantities of Kin coin for the future.
- A low priced coin isn’t a value in itself, but some think there are advantages for owning these cheap coins. For one, new users tend to think that “cheap=good deal”, making these coins desirable for beginners. Also, cheap coins are very volatile, a dream for day traders and those who simply want to take profits at an opportune moment before cashing out or buying into a new cryptocurrency.
So, whether you are a user/believer in the Kik ecosystem, or you are an investor who simply knows the way the wind blows (or some combination of the two), there’s a whole lot to love with Kin coin. If you’re sold, and want to know how to buy Kin coin of your very own, we’ll show you how to buy Kin coin at today’s low Kin coin price in the rest of this Kin coin review.
How to Buy Kin Coin
Kin coin is a little tricky to buy, especially for beginners. It doesn’t trade on large exchanges like Bittrex or Binance. We’ll cover the way to buy it through Mercatox. Because Mercatox isn’t well known and doesn’t have the volume of some larger exchanges.
How to Send Your Kin Coins to MyEtherWallet for Safekeeping
It’s possible that a Kin coin exchange might go offline, get hacked, or otherwise be involved in a situation where you couldn’t get your coins. That’s why it’s always a good idea to store your coins somewhere else. Because you’ve already made a MyEtherWallet, this will be easy. Start by going back to the “My Wallet” page on Mercatox.
Type “Kin” into the search line and click “withdraw” by the Kin Coin wallet (The bottom wallet pictured in the image above). This will give you a withdraw menu. For the address, go back to your MyEtherWallet and copy the address we already discussed above. Paste this into the address line on Mercatox, choose to send all of your coins, then hit “submit”. In minutes, your Kin coins will be safe and sound in your MyEtherWallet.
Final Thoughts on Kin Coin
Kin coin is one of the most promising projects bringing digital currency into the social media and digital services industry. They’ve already incorporated Kin coin with some success and plan to increase its use cases as the Kin ecosystem expands around the world, and in size and quality. For investors in the Kin coin project, the economic future is looking pretty bright. Good luck!