{"id":364938,"date":"2018-12-06T20:00:52","date_gmt":"2018-12-06T20:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=364938"},"modified":"2019-03-11T20:41:11","modified_gmt":"2019-03-11T20:41:11","slug":"kik-begins-rollout-of-crypto-ecosystem-with-kin-tipping-feature","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/kik-begins-rollout-of-crypto-ecosystem-with-kin-tipping-feature\/","title":{"rendered":"Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Kik Kickstarts Its Crypto Strategy with Kin Tipping<\/span><\/h2>\n<p class=\"p1\"><span class=\"s2\"><a href=\"https:\/\/wncen.com\/tag\/kik\/\">Kik<\/a><\/span><span class=\"s1\">, the popular messenger app for iPhone and Android, <span class=\"s2\">revealed today<\/span> a new tipping feature that uses the company\u2019s native <a href=\"https:\/\/wncen.com\/tag\/kin\/\"><span class=\"s2\">Kin<\/span><\/a> cryptocurrency token, reports <a href=\"https:\/\/thenextweb.com\/hardfork\/2018\/12\/06\/kik-kin-cryptocurrency-blockchain-2\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">The Next Web<\/a>. The feature will be available today for a limited set of users, and will only be available on Android devices for the time being.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Kik is a widely used messenger app that connects users via individual and group chats. The company is also behind The Kin Foundation that created the Kin cryptocurrency token. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Kin started its life as an <a href=\"https:\/\/wncen.com\/tag\/ethereum\/\"><span class=\"s2\">Ethereum<\/span><\/a>-based ERC20 token, but the company eventually decided to fork <a href=\"https:\/\/wncen.com\/tag\/stellar\/\"><span class=\"s2\">Stellar<\/span><\/a> to create its own blockchain. Now, Kin is finally ready for real world usage.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><strong><span class=\"s1\">Related Reading: <\/span><\/strong><a href=\"https:\/\/wncen.com\/2017\/12\/17\/kik-messenger-team-moves-away-ethereum-blockchain-scaling-fee-issues\"><span class=\"s1\">Kik Messenger<\/span><span class=\"s1\"><span class=\"s2\">\u00a0Team Moves Away from ETH Blockchain<\/span><\/span><\/a><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">For now, Kin tipping will only allows users to tip the moderators and admins of public group chats, but Kik will eventually launch tipping for all of its 300 million users. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Kik\u2019s head of product Laura Newton explained that &#8220;admin tipping incentivizes public group admins to foster enjoyable chat experiences on Kik, while giving group participants the opportunity to thank admins for maintaining these spaces in the app.&#8221;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As reported by <a href=\"https:\/\/www.reddit.com\/r\/KinFoundation\/comments\/9zv2g3\/tipping_kin_in_kik_shows_up_like_chat_or_group\/\" rel=\"nofollow\"><span class=\"s2\">Redditors<\/span><\/a>, tips appear as a mid-chat alert, similar to the way users joining or exiting a chat is indicated. The value of the tip isn\u2019t revealed, but tips are currently capped at 500 Kin, which is just a little more than a penny\u2019s worth of the cryptocurrency.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The initial rollout is also limited to 1,000 public groups as the new feature is thoroughly tested. Those 1,000 public groups can have up to 50 users each chatting, potentially exposing the new tipping feature to as many as 50,000 Kik users.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;The introduction of this new peer-to-peer experience is a huge step forward in shaping Kik into the lighthouse example for new and existing participants in the Kin Ecosystem,&#8221; said Kik founder Ted Livingston about the newly launched feature.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">More Kin-Related Developments in the Pipeline<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The Kin Foundation announced a developer incentive program earlier this year, with the intention of luring developers to build new experiences that utilize the <a href=\"https:\/\/wncen.com\/2017\/05\/28\/kik-kin-cryptocurrency-ico\/\"><span class=\"s2\">Kin cryptocurrency<\/span><\/a>.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><strong><span class=\"s1\">Related Reading:\u00a0<\/span><\/strong><span class=\"s1\"><a href=\"https:\/\/wncen.com\/2018\/12\/01\/what-is-bitcoin-crypto-featured-as-category-on-jeopardy\/\"><span class=\"s2\">Kin Mentioned On Popular TV game Show Jeopardy<\/span><\/a><\/span><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The program offered up to 25 select developers an aggregate total of $3M in a mix of fiat and Kin tokens for &#8220;successfully launching their own Kin economies&#8221; after six months of development. Phase 2 of the program comes to an end within a month, and the final phase of the program will close on April 1, 2019.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As the program winds down, developers will be ready to debut their new experiences that utilize the Kin cryptocurrency token.<\/span><\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik Kickstarts Its Crypto Strategy with Kin Tipping Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company\u2019s native Kin cryptocurrency token, reports The Next Web. The feature will be available today for a limited set of users, and will only be available on Android devices for the time being. Kik is a widely used messenger app that connects users via individual and group chats. The company is also behind The Kin Foundation that created the Kin cryptocurrency token. Kin started its life as an Ethereum-based ERC20 token, but the company eventually decided to fork Stellar to create its own blockchain. Now, Kin is finally ready for real world usage. Related Reading: Kik Messenger\u00a0Team Moves Away from ETH Blockchain For now, Kin tipping will only allows users to tip the moderators and admins of public group chats, but Kik will eventually launch tipping for all of its 300 million users. Kik\u2019s head of product Laura Newton explained that &#8220;admin tipping incentivizes public group admins to foster enjoyable chat experiences on Kik, while giving group participants the opportunity to thank admins for maintaining these spaces in the app.&#8221; As reported by Redditors, tips appear as a mid-chat alert, similar to the way users joining or exiting a chat is indicated. The value of the tip isn\u2019t revealed, but tips are currently capped at 500 Kin, which is just a little more than a penny\u2019s worth of the cryptocurrency.\u00a0 The initial rollout is also limited to 1,000 public groups as the new feature is thoroughly tested. Those 1,000 public groups can have up to 50 users each chatting, potentially exposing the new tipping feature to as many as 50,000 Kik users. &#8220;The introduction of this new peer-to-peer experience is a huge step forward in shaping Kik into the lighthouse example for new and existing participants in the Kin Ecosystem,&#8221; said Kik founder Ted Livingston about the newly launched feature. More Kin-Related Developments in the Pipeline The Kin Foundation announced a developer incentive program earlier this year, with the intention of luring developers to build new experiences that utilize the Kin cryptocurrency. Related Reading:\u00a0Kin Mentioned On Popular TV game Show Jeopardy The program offered up to 25 select developers an aggregate total of $3M in a mix of fiat and Kin tokens for &#8220;successfully launching their own Kin economies&#8221; after six months of development. Phase 2 of the program comes to an end within a month, and the final phase of the program will close on April 1, 2019. As the program winds down, developers will be ready to debut their new experiences that utilize the Kin cryptocurrency token. Featured image from Shutterstock.<\/p>\n","protected":false},"author":517,"featured_media":340856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12132,3,16891],"tags":[176,2514,10485,10486,17211],"class_list":["post-364938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-news","category-stellar-xlm","tag-android","tag-iphone","tag-kik","tag-kin","tag-the-kin-foundation"],"acf":[],"yoast_head":"\n<title>Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature<\/title>\n<meta name=\"description\" content=\"The Kin Foundation has begun rolling out its plans to build a crypto ecosystem to power its Kik messenger platform, starting with a new tipping feature.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/kik-begins-rollout-of-crypto-ecosystem-with-kin-tipping-feature\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature\" \/>\n<meta property=\"og:description\" content=\"The Kin Foundation has begun rolling out its plans to build a crypto ecosystem to power its Kik messenger platform, starting with a new tipping feature.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/kik-begins-rollout-of-crypto-ecosystem-with-kin-tipping-feature\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-06T20:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-11T20:41:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/07\/Investment-Fund.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"679\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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