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Investing in KIN: What Future Awaits KIN Holders by the End of 2018

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Nowadays you would find certain cryptocurrencies in almost every existing industry starting from entertainment to education, medicine, social media, and even sports. The concept of using a virtual currency for transaction and payment, which started back in 2009 with only one legitimate currency named Bitcoin, has now proliferated into using nearly eighteen hundred currencies among which circa 1600 coins are used by various traders on a quotidian basis. Every day new ICOs are being tokenized into new digital currencies thereby making the cryptocurrency market even more competitive. Under the circumstances, each cryptocurrency currently available in the market along with new ICO start-ups is trying to provide something unique to their traders.

As social media has become an inextricable part of modern human life, different cryptocurrencies are trying to work this new trend to their advantage. Kin coin (KIN) is certainly one of the most successful names among such cryptocurrencies. This coin was introduced to the traders in September 2017, by Kik, one of the most renowned social media companies in Canada, after raising a whopping 98 million USD in its token sale. The coin is still under constant technical developments which are likely to be completed by the end of this year. Here, you would find out some significant facts about this currency helping you to depict a probable future for the KIN holders by the end of this year.

The Purpose of Kin at a Glance:

Kin coin was developed by the Canadian social media company Kik for the purpose of providing a blockchain platform where content developers and consumers are able to transact directly in lieu of depending on some advertising revenue for monetizing the content creation service. By nature, Kin coin is currently an ERC-20 token. However, the developers of this coin are making upgrades incessantly in order to integrate this currency to Kik app and to make an atomic swap with Stellar token possible for better scalability.

Kin Integration to Kik:

Kik is one of the most popular social media platforms (ranked 7th) and belongs to the list containing big guns like WhatsApp and Facebook messenger. Besides chatting, this platform also allows sharing photos, videos, and other forms of various contents. As per recent statistics, this application has more than 15 million monthly users which majorly consist of people belonging to the age group of 13-24 years. One of the main reasons behind Kik’s popularity is its anonymity feature. The privacy protection protocol on Kik platform is fairly rigid and indecipherably encrypted. Through this integration, Kin’s development team are trying to make the usage of cryptocurrency more familiar to the mass. Kik’s platform holds the reputation of introducing new innovative products successfully to people residing all across the globe. Therefore, it can be expected that with Kin’s integration to this application would certainly increase its circulation throughout the world eventually increasing its popularity.

Also, Kik application has recently implemented a new feature of rewarding the content creators directly. Through this integration, KIN will be extensively used for this purpose and for making other transactions and payments as well.

The Kin Ecosystem Foundation

The Kin Ecosystem Foundation is an independent non-profit governance body for Kin cryptocurrency. It endeavors to be the provider of various tools for digital communication. According to Kin’s whitepaper, the Kin Foundation has three principal goals for fulfilling their mission to become an open ecosystem of digital services and communication. These three goals include:

  • Governance Goals: Establishing a governance system that would cater to the desiderata and complaints of all users using the Kin ecosystem.
  • Research Goals: Developing an ecosystem where new and innovative methods can be tested along with drive value creation and network effects.
  • Development Goals: Development of new tools with ingenious features by engaging in partnerships with various companies in order to make the ecosystem more convenient. The development team would maintain an open source code base for this purpose.

Launch of Kin’s Own Blockchain:

On 8th May 2018, Kin’s development team announced the launching of Kin’s own blockchain which will be based on the blockchain design of Stellar Lumens. The Kin Foundation already leverages the Ethereum blockchain for offering liquidity and security to the KIN holders. Once this blockchain is launched, Kin’s objective to create a hybrid ecosystem would be fulfilled and eventually, Kin’s ecosystem would be able to offer a much faster and more scalable transaction system to their traders.

Kin’s Current Condition:

As of 9th May 2018, Kin’s price is equivalent to nearly $0.00016. Its market capitalization stands at approximately 125 Million USD at the moment, giving this coin the 133rd position on Coinmarketcap. In January 2018, Kin reached a market capitalization surpassing the 400 Million USD mark. Compared to that, the current situation might seem a little bleak. However, since the announcement of Kin’s own blockchain launch, new investors are beginning to take some interest in this currency causing a lasting upward trend.

Final Thoughts:

Both social media and cryptocurrency are becoming indispensable to human life nowadays. Under the circumstances, Kin’s approach of combining both of them is likely to grab the attention of a significant number of people. Also, with 1 trillion coins available, circulation wouldn’t be a problem for this coin. If the development team continues to upgrade Kin’s ecosystem by implementing new features, the current Kin holders could expect for a lucrative outcome by the end of this year.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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