Are you one of the developers of KIN project? Are you paid for promoting KIN here. What's the purpose for us investing in KIN token. Will users here purchase KIN without doing proper research?. Because there are so many listings happening in crypto exchange all days, so what's special about it, I'm not looking down of the coin anyway.
Hi, thanks for your response. I'm not one of the developers of the KIN project. Nor am I paid to promote KIN here. I'm also not looking for users to purchase KIN without doing proper research. I suggest that everyone does their own research as it's very important. I personally feel that this particular listing is special for KIN because compared to the other exchanges that KIN is currently offered on, this is a well known exchange with decent volume. This is the first exchange that I personally feel can provide liquidity for the ecosystem. Also, with Bithumb open to listing KIN it makes me more confident that other exchanges of similar caliber might follow suit. Just a personal opinion.
Liquidity is a very important missing piece from the Kin Ecosystem right now. The Kin Rewards Engine (KRE) is how Kin is distributed weekly. Instead of the coin paying miners to help process transactions, KIN is paid to app developers for generating demand/usage of Kin within their apps. It's a new way for mobile applications to monetize. So the current and future applications that integrate Kin are compensated for creating meaningful earn and spend opportunities for their users which in turn produces a thriving ecosystem. They're also now compensated for getting their users to purchase Kin within their apps as well. Apps are further incentivized to hold the KIN they're rewarded vs selling it. Some apps, however, may have to sell their KIN to cover expenses as Kin might be their main source of monetization. Having a solid amount of liquidity through reputable exchanges is important for these apps.
I would suggest downloading an app or two that has Kin integrated and playing around with it.
I think what makes KIN stand out from many other projects is that the users of KIN are real mainstream users. Many other projects only have holders who are crypto savvy tech people. A regular person might not understand how to get that coin or use it. KIN is integrated into these apps in a way that makes it easy for anyone. You might be earning and spending KIN within an app that you love without even realizing it's a crypto. Maybe you just need a little bit more Kin to purchase a power up in your app, so you buy some. Not many projects have real demand. Where someone needs to buy the crypto in order to spend it on something they want or need. Typically you just buy it hoping some news make it worth more to sell to the next guy. Something like Ethereum has real demand. It's needed as gas to with smart contracts so it has real demand. I might buy it to use it somewhere which had a positive impact on the price, but I didn't care about the price. However, it's not very easy to understand if you're not a regular crypto person. Kin works the same way. Users need to earn or buy KIN in order to use it. Many of them will not care about the price, but their actions will ultimately drive the constant organic demand.