Chat app Kik recently released its Kin cryptocurrency and Kin Rewards Engine in the hopes of creating a crypto-economy within the popular chatting service. As part of its initial release, Kin cryptocurrency will be available for use to 1,000 randomly accepted users and can be spent on the Kik store on new app themes. Earning the virtual currency can be done by answering trivia quizzes or by completing polls within the app.
The ultimate goal of the Kin cryptocurrency is to drive the Kin Rewards Engine and keep users on the app. This new ecosystem is built almost entirely on engagement and encourages developers and businesses to make engaging content or bots. The Kin cryptocurrency will also reward users for staying with the platform and hopes to draw in more users with its new virtual cryptocurrency-driven marketplace.
Image Credit: Kik