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Mpolnet

Kin - Digital Social Sharing Economy

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What are your guys thoughts on Kin? I know Kik is the first unicorn company to do an ICO and it sounds like they want to integrate Kin (the native crypto asset) into other apps - Tencent is an investor.

https://www.kinecosystem.org/static/files/Kin_Whitepaper_V1_English.pdf

https://www.kinecosystem.org/static/files/Kin_Rewards_Engine_RFC.pdf

https://www.smithandcrown.com/sale/kin-token-sale-decentralized-challenge-tech-oligarchy/

https://medium.com/kinfoundation/live-q-a-with-ted-recap-136ac9e239f8

https://medium.com/kinfoundation/aligning-incentives-in-a-deflationary-economy-ca30025c09cf

https://www.coindesk.com/why-big-investors-are-betting-real-money-on-a-kik-cryptocurrency/

https://techcrunch.com/2017/09/26/kik-ico-100-million/

I feel that this is a much better way to monetize and incentive social media and a digital sharing economy than current social media platforms like facebook, twitter, instagram, snapchat, etc. My thoughts are that if Kik is already valued at $1B and Kin is being integrated into Kik then the market cap should at least be half of the $1B valuation (to be conservative). This would mean it already has some room to grow since it's current market cap is <$100M.

Additionally, is this a use case that Ripple/XRP could attack in the future? I know that Kin is moving away from the ethereum platform and onto the Stellar platform - maybe they switch over to ILP/codius? What are your guys thoughts?

EDIT: I also find it interesting that Jeb Mcaleb is an Investment Committee Member at Pantera, which is invested in Ripple. Could be nice to see some synergies in the crypto space.

Edited by Mpolnet

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The integration is nice, but I tend to stay away from social media coins until they are proven.  They didn't meet their ICO, only 20% of the coin is available for investing and ultimately, I think Kik has a limited horizon.  If Kin became the anonymous currency of an anonymous app, it would be huge, but I can't see how regulators will let that happen.  ymmv  

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I have extreme doubts that this will.be anything. Thay being said I will probably invest 200 bucks and get a couple hundred thousand coins. Wont have to be much of anything to really cash out.

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16 hours ago, JHoueye said:

I have extreme doubts that this will.be anything. Thay being said I will probably invest 200 bucks and get a couple hundred thousand coins. Wont have to be much of anything to really cash out.

I'm liking it as a short term pump and dump.  If it were to hit a more mainstream exchange I could see the value spiking.

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On 1/1/2018 at 6:09 PM, WrathofKahneman said:

The integration is nice, but I tend to stay away from social media coins until they are proven.  They didn't meet their ICO, only 20% of the coin is available for investing and ultimately, I think Kik has a limited horizon. 

I personally think that only have 20% of total token supply available to investors should help the price. Since investors only have a small portion of the total supply to speculate with. Additionally, this initial 20% does not include the % of tokens that will be earned on the Kin platform by user, users who then could turn around and sell those tokens on an exchange. In my opinion, this would then lead to a larger % of total tokens available for investors to speculate with. Kik itself is valued at $1B while the Kin platform is looking to integrate more than just Kin and is not yet valued at $1B, which to me shows some minimal upside. Additionally, I know that the Kik team (some or most of who are now on the Kin team) have talked a lot about chat bots. I think that this could lead to interesting thing happening on the platform and create incentive for the token to be used on the platform, if successful.

Additionally, I like the idea of trying to build a digital social ecosystem around a platform kind of like ripple is building out a financial ecosystem with xrp (the comparison might not be apples to apples since the platforms are intended for different use and have different features/functionality but I think it gets the general point across).

Another thing I find interesting is the shear lack of exchanges that list the Kin crypto asset, which results in a low daily trading volume. In my opinion, large % gains could be made simply by an increase in listings and therefore and increase in trading volume, which would drive the price higher. 

Looking forward to more comments and opinions! 

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I own a **** load of KIN and have taken a beating this week... But, that's the marketplace. I won't be selling my KIN anytime soon. I think it will gain significantly this year. It really needs a better exchanges. I picked it up on Mercatox and that website is a ******* nightmare!

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1 hour ago, Nash207 said:

It really needs a better exchanges. I picked it up on Mercatox and that website is a ******* nightmare!

Meractox has been pretty brutal to use - they have yet to verify my identity, weeks after I submitted the required docs. On top of that it took me well over two hours to convert from ETH to KIN. I think that if it's gets listed on more prominent exchanges this could cause more money to flow into the asset, which would result in higher liquidity and subsequently a higher price. 

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Any of you that have bought kin on mercatox know why when you click on the ethereum wallet to do a deposit that it shows up at "not available"? I was thinking of throwing a little money at kin but it won't let me deposit ETH. Also anyone else have issues with the charts not showing up? I see that others say it's a nightmare, but looks like the main site to buy kin right now. 

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On 1/12/2018 at 10:11 AM, sjmusic3 said:

I recently saw https://etherdelta.com suggested as an alternative to buy KIN using ETH, but have not used it myself.

Quoting myself !

I just bought KIN on etherdelta and it was not an easy process - I hate ethereum and gas, it's a PITA.

I think, like others, if it hits a proper exchange the price will rise significantly. Kik has a solid foundation to leverage and hopefully this plays out the way we hope it will.

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On 1/17/2018 at 11:01 PM, sjmusic3 said:

I just bought KIN on etherdelta and it was not an easy process - I hate ethereum and gas, it's a PITA.

KIN is now available on Coinfalcon.com. I was previously holding KIN on the Mercatox exchange (not necessarily the safest option) and ended up transferring from Mercatox to Coinfalcon yesterday. For me personally, the transfer took approx. 20 min and I didn't have any issues. Coinfalcon seems a bit less sketchy and more user friendly than Mercatox, in my opinion. 

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3 minutes ago, Mpolnet said:

KIN is now available on Coinfalcon.com. I was previously holding KIN on the Mercatox exchange (not necessarily the safest option) and ended up transferring from Mercatox to Coinfalcon yesterday. For me personally, the transfer took approx. 20 min and I didn't have any issues. Coinfalcon seems a bit less sketchy and more user friendly than Mercatox, in my opinion. 

Thanks for the Coinfalcon suggestion, I will check them out for future purchases. I moved all my KIN and ETH into an off-exchange wallet as I don't trust any of the exchanges.

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2 minutes ago, sjmusic3 said:

Thanks for the Coinfalcon suggestion, I will check them out for future purchases. I moved all my KIN and ETH into an off-exchange wallet as I don't trust any of the exchanges.

What was your process for moving everything to an offline wallet? I have a sizable position in Kin and my biggest fear is exchange risk.

Edit: I have a nano ledger s but it holds my xrp position

Edited by Mpolnet

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