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Kik’s Kin set to be used on the world’s largest 3D Social Network

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The world of virtual reality is coming of age quickly especially with the advent of robust internet connections. From the likes of Facebook and Instagram profiles, it almost seems as if you cannot exist without a digital virtual presence. One company by the name of IMVU is taking this concept to a whole new level with a platform that allows you to do more than just chart.

Already, there are over 4 million people visiting IMVU to spend about 55 minutes building their virtual profiles, charting with other platform users and shopping or doing other activities that you would normally do in the real world. In fact, there are about 50,000 people on IMVU earning a living on the avatar-based social network giant platform.

Given that users on IMVU generate over 15 million transactions, spending billions using IMVU’s native credits, a move by Kik ( the company backing Kin Coin) will enable Kin coin’s integration into the IMVU system whereby users will be able to earn cryptocurrencies and exchange for fiat currency on the platform.

More about IMVU

IMVU boasts of millions of users on its platform with about 40 percent coming from the US and 60 percent from the UK, France, Brazil, and Canada. The platform was rated top most visited app by teens in 2017 according to comScore. Users on the platforms can create and sell their own digital goods or interact with other platforms users while building up meaningful relationships. Compared to Facebook, Twitter, Snap chat and YouTube, IMVU targets a young audience who spend more time on its platform than any of the major social media platforms.

The partnership between IMVU and Kik (the messenger service) will enable the integration of the Kin coin into the IMVU ecosystem. Basically, users will be able to earn Kin tokens and do more on IMVU as well as on Kin’s marketplace. To make it even more exciting, the audiences of both Kik and IMVU are strategically aligned and highly complementary to one another considering the fact that more than half of IMVU users are also Kik users.

How the platform is set to work

IMVU and Kik have set up a partner experience with companies like Blackhawk network to give platforms users access to services like Xbox live, Unity and Netflix. To get started on the platform, however, there are a couple of requirements. After users have activated their Kin wallet, they will be able to earn Kin tokens to later spend on a variety of offers. This partnership presents an opportunity for mass adoption of the Kin cryptocurrency since the IMVU platform inculcates a number of incentives that users will have access to on registration. Furthermore, users will also be allowed to participate in polls and other content programs that reward creators on the platform.

Last word

The partnership with IMVU and Kik is set to be a game changer not only in the crypto space but in the social media industry as well. These two platforms are set apart by the fact that they allow creators to make a living from their content while also facilitating meaningful friendships and bonding opportunities for users. By adding Kin to the platform, IMVU and Kik users will manage to build thriving virtual communities that will develop a sharing culture.

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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.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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