Kin Foundation (KIN)

https://www.kin.org/

Confidence: 75%

75%

Kin Foundation (KIN) - Reviews & Ratings


ICO performed by the KIK social media app. Their KIN token is supposed to be integrated in the KIK eco system to spark more crypto adoption by leveraging the millions of KIK users. The ICO raised close to $100 million which is a substantial war chest, but they failed to reach their $125 million target. A large part of the fundraise was contributed by large investors in a pre-sale. Token has been underperforming ever since, except from the late 2017 altcoin rally. Currently it is still an ERC20 token, but they are scheduled to migrate to their native blockchain, for which ERC20 token holders will need to do a swap, preferably before end of May 2019 from what I read. 


Github shows decent activity (in terms of quantity, did not look at quality). Team is public and and legit. Without going into details on the merits of the KIN project, I have little reason to suspect this project to be a blatant scam, sure I could find points of criticism, but overall this project seems to lean to not shady at all (at least not by average crypto standards). 


avatar Crypto Bear 34 rated: April 13, 2019 03:12:48

The website looks interesting although getting adoption of popular cryptocurrencies is hard so it hard to see a purpose for another cryptocurrency running on Ethereum.  Ethereum has its own problems so its hard to believe any product running on ethereum can be a success.


General information:

Found
avatar CryptoBox 22 rated: April 21, 2019 09:40:55
Symbol:KIN
Price (USD):$ 0.000044
Percent change (24H):1.61 %
Percent change (1H):-0.04 %
Market Cap (USD):$ 32,945,891.11

Questions or suggestions?