in the latest episode Akiba, the host of SlateCast, Kin Foundation, discuss the Foundation’s goals and mission. Ricoy explained the background of the project and the problem it is trying to solve.
The Kin Foundation is a non-profit organization that supports apps, brands and services using the Kin cryptocurrency. The foundation aims to solve the problem of all app and game developers: how to monetize without compromising the user experience.
The foundation’s goal is to create an in-app currency and monetization solution using crypto. The idea behind this project is to combine the concept of in-app currency and monetization with crypto. This gives you all the benefits of crypto without the downsides of traditional in-app currencies.
The Kin Project was created by the team behind the popular social media app Kik, which has 300 million registered users. The team discovered him in 2013 and realized it could be the solution to the problem they were facing.
Kin serves as a universal mobile app token, and if an app has a non-blockchain related token, it can be exchanged for a Kin token to provide more utility and value. The idea is that people buy Kin and use it, not as an investment. Long term, the Foundation believes this will be key to Kin’s success and use in everyday life.
Ricoy also emphasized that the industry will gradually realize that not all projects need tokens and creating their own tokens is much more likely to fail. The Foundation believes that 1000 games launching with their own tokens is not sustainable and would be better off working together to consolidate the same tokens and give value through a shared economy.
The Kin Foundation aims to build an ecosystem where people are willing to exchange their local currency for Kin to do business in that economy. The Foundation aims to create a currency that people want to use, rather than just a speculative investment.
In conclusion, Kin Foundation is working towards a solution that will allow app and game developers to monetize their platform without impacting the user experience. The foundation is focused on creating a digital app currency that offers real value and utility, and aims to build a strong, sustainable economy for the long term.
