Ninjastic
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Board Speculation (Altcoins)
Re: KIN will be the MOST USED CRYPTO IN THE WORLD by the end of 2018! $$$$$$$$$$$$$$
by
Scuds31091
on 27/05/2018, 15:21:36 UTC
Quote from: NS-Soul on May 27, 2018, 02:50:51 PM
Quote from: Poink on May 27, 2018, 12:32:36 PM
Quote from: yoel.ri on May 27, 2018, 11:42:01 AM
Quote from: coinporch on May 26, 2018, 07:00:13 PM
Quote from: Poink on May 26, 2018, 06:52:47 PM
Quote from: disconnectme on May 26, 2018, 04:53:49 PM
I don't think so, do I need Kin tokens to access the platform, for me the answer is NO, I think what people don't understand is that mosto the tokens are useless, if there is no need to hold it to use the platfrom what is the incentive for the token buyers and investors

...and with 10 trillion (10,000,000,000,000) coin supply...it is basically worthless. Cheesy

Not touching it.  There are way better coins out there. Wink



yeah, the supply from KIN make me doubt to invest in this cryptocurrency
i can said, its hard to grow my friend,
hope there will be a burning mechanism to reduce the total supply from KIN

That's just a ridiculous comment, proving you didn't spend more than one hot second trying to understand the economics or the idea behind the token or its supply.
I'll only refer you to this comment on the Kin subreddit, providing some sense to the supply:
https://www.reddit.com/r/KinFoundation/comments/8mfktb/why_having_10_trillion_coins_is_genius/

If you understood how the cryptomarket works, you will understand our comments...at least from investment return side.  Wink

It is your money so feel free to invest as much as you want on KIN.
We have our own opinion throughout this KIN i knew this coin because of my chinese friend that uses the Kik application but it doesn't make sense if the team will just relying on that approach. The supply is also one of the big issue, it's more appropriate if they burn some amounts of it along with good productivity.

Honestly 10T might not even be enough. Let's say KIN becomes widely successful. Let's say the same amount of Facebook users (roughly 2B) eventually use/own KIN as at least one of their apps they use has integrated it.

10T/2B is only 10,000Kin to go around for each user. That's really not a whole lot as at today's prices that's just $1.90 worth of Kin. You also need to keep in mind that the 10T won't only be distributed between the users of all these apps, but the apps themselves will likely need to be holding a decent amount of Kin to keep their app working correctly (depending on how they have it integrated).

Burning is not the solution and does not make sense. You need to look at the bigger picture.

Another thing to keep in mind is 10T Kin won't be circulating for another 60+ years. Currently the circulating supply is around 750B tokens. Each day more and more tokens will be released into circulation once the KRE is started, but this will be no different than Bitcoin or many other coins. Everyday more Bitcoin is mined and the total supply increases. This will be similar with Kin, but instead of rewarding miners with the coins, Kin rewards the app developers for increasing demand in the ecosystem. The only way that the supply grows is from the developers offsetting that inflation by providing the ecosystem with added demand.