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This New Kik Development Will Send Kin (KIN) Through The Roof - Global Coin Report
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This New Kik Development Will Send Kin (KIN) Through The Roof

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The Kin Foundation, the creator of Kik Messenger and the Kin (KIN) cryptocurrency, is enticing developers to join in their plight for KIN centered digital economies through a Kin Developer Program that has a backing of $3 Million. These funds will be set aside to support 25 developers – or teams of developers – to create and maintain independent ‘Kin Economies’ over a six month period.

The Kin Foundation is looking for consumer apps that put Kin (KIN) at the center of the user experience as well as solving real-life problems for the customers. All a developer has to do is apply through the Kin Ecosystem website. Once accepted into the program, Developers stand to get grants of up to $60,000 and 400M in KIN as well as the necessary resources required to develop an application all the way to launching it and making it successful.

So how will this send the value of KIN through the roof?

As mentioned, the grants will be in the form of Kin (KIN). This means that the developers who are chosen for the program will have KIN to finance their developer efforts. This will include financing research, marketing, P.R and creating a ‘buzz’ around their projects. As a result, there will be more publicity for KIN which is currently valued at $0.00013 at the moment of writing this. This might look like a low value, but this fact allows KIN to be suited for microtransactions.

This then brings us to the second reason how the developer program will send Kin (KIN) through the roof. With these 25 KIN based mobile apps, comes the users who will want to try them out. They will have to use KIN in the apps. Therefore, there will be an increase in the demand for KIN in the next six months as consumers anticipate these new apps. An increase in demand with a constant supply of KIN means that the price of the coin will surely go up.

One needs only look at the past performance of KIN in the markets, to see its peak value of $0.0015 back in early January when the crypto-markets were in full throttle. This new developer program and the 25 apps that will come as a result, will guarantee KIN gets back to its winning ways.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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