Live Q&A #6 with Ted Livingston, Kik Founder and CEOhttps://www.youtube.com/watch?v=Zuk2LPpHDRQThe biggest news from the most recent AMA yesterday was that Kin is planning to peg the KIN token to a specific USD value within the Kinit App.
Just so you have some background. Currently beta users can earn Kin daily or every other day by completing earn opportunities within the Kinit App. They can take this Kin and purchase gift cards.
Thus, it sounds like Kin will choose a specific conversion rate for the Public Beta launch of their Kinit App in mid July. Kin could set the rate of a $10 gift card to cost 500 Kin. By doing so, they're setting the value of Kin to be $0.01. The company will be subsidizing any costs from this rate they set.
It's going to be really interesting to see what happens to the exchange market value of Kin once it has a comparable price within the app. If you can eventually spend your Kin at a $0.01 rate, then all the current Kin on the exchanges trading at $0.000150 will get eaten up very quickly. Ideally the price will shift towards matching the price set within the app.