Kin is a cryptocurrency that will be used within the Kik messaging app and other apps from this ecosystem, which is one of the world’s largest chat and social media platforms. Due to the Kik’s tangible nature and a large user base (currently has 300 million registered users and 15 million active daily users), this project was considered to be the most viable project of 2018.
It didn’t pan out as hodlers expected and Kin has been performing pretty poorly in the recent months while additionally having to face severe criticism and allegations on multiple fronts – from the gigantic coins supply to the ownership structure (mostly owned by big private investors and funds).
However, in the technology vertical, KIN is doing great and they announced just today that their coin will be used in Tapatalk, a popular forum app.
Through the partnership, Tapatalk will harness the power of crypto-enabled, peer-to-peer experiences to increase engagement in its large, online community. Soon, Tapatalk users will be able to receive Kin for posting quality content in the app, and in turn, they can send Kin to other creators on the platform.
Tapatalk aggregates discussions from forums all over the internet, enabling users from around the world to interact and share their hobbies and passions. From communities to companies, different groups from around the world create shared spaces within Tapatalk for users to connect and post videos, photos, and messages.
Tapatalk’s mobile-first app for forum owners and their members is used by over 200,000 forums in 186 countries. The Tapatalk mobile app enables forum owners to provide their users with a native app experience, so they can engage with the forums they love on a mobile device, and easily create content and stay engaged with push notifications.
Overall, the project’s adoption seems to be growing on paper but its questionable how many of the purported raw user numbers that are being thrown around with each new partnership are actual active users who will consider switching their fiat into crypto for an app. There has also been recent controversy regarding the project’s circulating supply and the upcoming September 26th pre-sale token unlocking which will release additional 244 billion tokens onto the already existing supply (1.2 trillion held by Kin Foundation, 1.2 trillion held by Kik, 756 billion currently in circulation). With Kinit app experiencing issues and an apparent whale wallet #4 apparently doing some shady business on the market, Kin doesn’t seem like a good investment even with its currently low price.
