Chat app Kik encourages its users to earn and spend kin – the app’s domestic cryptocurrency after the launch of “crypto-economy” announced Wednesday. Users are able to get kin tokens in the Kin Marketplace Beta by completing polls, quizzes and creating tutorials. Tokens can be spent to purchase premium tools inside the app.
Product manager Laura Newton noted that “real consumer use of cryptocurrency doesn't exist today, because the technology has yet to be adapted in daily life.” To improve the situation, Kin is “built into products that Kik users already use and have layered this experience in a simple and seamless way.”
Kin operates on its own blockchain forked off the stellar mainnet and offers transactions for no fee.