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updated $0Market cap$3.16M
Volume 24h$0
Circulating supply2.76T94% of max 2.94T
All-time high$0.001226-100% from peak · 2018-01-06
Kin (KIN) is a cryptocurrency designed for digital services and social interactions within the Kin Ecosystem. It operates on its own blockchain and aims to facilitate microtransactions between users and developers. Think of it as a token that powers a decentralized economy for apps and online communities.
Frequently asked questions
What is Kin and how is it different from other cryptocurrencies?
Kin is specifically built for digital services and peer-to-peer transactions within apps, unlike general-purpose cryptocurrencies like Bitcoin. It focuses on microtransactions and is integrated into the Kin Ecosystem, where users earn and spend KIN.
How does Kin's technology and consensus mechanism work?
Kin initially launched as an ERC-20 token but later migrated to its own blockchain, the Kin Blockchain, which uses a Proof-of-Stake (PoS) consensus. This ensures faster transactions and lower fees compared to its Ethereum-based predecessor.
How is the supply of Kin structured?
Kin has a fixed hard cap of 2,935,737,053,546 coins, meaning no additional KIN can be minted beyond this limit. The total supply was distributed during its initial launch and through ecosystem incentives.
How can I store and use Kin?
You can store KIN in wallets that support the Kin Blockchain, such as Trust Wallet or Ledger. It’s primarily used within the Kin Ecosystem for tipping, rewards, and in-app purchases across partnered applications.