Kin Newsletter – July/August 2022

Written by: Jesse Cecchetto

Marketing Communications Lead at the Kin Foundation.

September 13, 2022

During the month of August, the Kin Ecosystem processed 22,927,902 transactions, averaging 738,932 transactions per day. 

The Kin Ecosystem closed the month of August with 2,032,574 monthly active users and over 83,244,453,180 KIN in active user balance across 23 total apps.

5 Years After Launch: Why Kin?

This week is the fifth anniversary of the launch of Kin.  In the coming weeks, a new brand identity for Kin will be rolled out including a new website and logo, and even more importantly new technology will be made available and new apps will be announced.  Of course, as Kin is pushed along, the community will work together once again to unlock the next goal for Kin and so on.

Kin offers all the bells and whistles which blockchain technology can provide, along with the means for developers and other visionaries to innovate their brand experience.   

It’s clear that in this dynamic and ever changing global environment – the mission of Kin continues to grow in relevance, and each unlock we achieve towards its goal makes Kin get more exciting all the time.

It’s time to look forward to the future of Kin – it’s a future we are all creating together.

Code Opens Waitlist For Early Access

Code has opened up the waitlist for early access, and you can sign-up now at getcode.com.

Code is a non-custodial wallet app built with Kin, designed to make using cryptocurrency simple for mainstream consumers–developed by the Code Inc. team that have been contributing to Kin since its inception, and helped drive the migration to Solana.

Regional launches of Code will be prioritized based on the number of waitlist participants in that region. So far, 45 countries are represented, with the United States and United Kingdom leading the pack in number of sign-ups.

Follow Code on Twitter to stay up to date on all of the latest news and developments related to the app.

Evolution of the Kin Rewards Engine – 4.0

The Kin Foundation has proposed updates to the rewards engine algorithm aimed at shifting the incentive for developers in the Kin Ecosystem towards more specific behaviours that will allow the economy to grow. 

Kin’s mission is to be a currency that everyday people actually use in their lives. We have learnt that incentivizing the growth of spenders within Kin Ecosystem applications does correctly drive the adoption of Kin as a currency, but only in part. To stimulate the economy, KRE 4.0 proposes incentives to build higher quality use-cases; and create more economically meaningful transactions.

You can review the full proposal for KRE 4.0 here, and we have included a step-by-step explanation to provide more context for how the algorithm is applied. 

The proposal for KRE 4.0 does not yet have an implementation date, but a timeframe will be announced at a later date. 

New App: Metaforo Joins The Kin Ecosystem

We were excited to announce a new Web3 DAO platform joining the Kin Ecosystem – Metaforo

Metaforo is a Web3 native community platform that focuses on DAO community management with token and NFT integration. Metaforo has integrated Kin into their platform, enabling Kin users to utilize their powerful DAO and community management tools.

Metaforo now allows users to create token-gated communities with Kin, enabling organized group discussions, tipping users with Kin, creating polls that require Kin to vote, along with various other group creation and management options.

Dive into Metaforo now and create your own unique Kin community.

Introducing The Kin Community Knowledge Base

We launched a dedicated hub for resources, guides, support, and general information on everything the community needs to know about Kin.

The Kin Knowledge Base is a resource center with answers to the most frequent technical-related questions of community members, along with updated Kin migration guides, getting started materials, and resources on governance and ecosystem transparency. 

All community members are welcome to contribute to the Kin Knowledge Base, to do so refer to How to Contribute Guides within the site.

Make sure to share the Kin Knowledge Base articles with any community members who need them! 

New App: Eviota Joins The Kin Ecosystem

We welcomed an exciting new language learning platform with paid-to-learn implementation to  the Kin Ecosystem – Eviota

Eviota is a Web3 language learning platform that offers advantages over traditional language tutoring platforms, such as instant online bookings, and various in-app opportunities to be rewarded with Kin. Eviota aims to make Web3 learning fun, engaging, and empowering for all parties involved. 

Kin users will soon be able to enroll in online language tutoring classes or sign-up as a teacher while being an early adopter of a new innovative way of tutoring that’s powered by the best cryptocurrency-based business model.

Whether you’re a teacher or a student, sign-up for the Eviota beta access waitlist now to be  eligible for free rewards upon launch. Eviota is currently scheduled to launch in open beta in September 2022!

More Awesome Kin News:

KRE Top Earners – Monthly Highlight 

Help Kin create a better digital world by sharing this newsletter with any of your contacts who may be interested!


About Kin

Kin is a decentralized cryptocurrency purposely designed to integrate easily across mobile and web apps, with a built-in incentive model that rewards developers for increased usage. Apps built with Kin get paid for creating compelling cryptocurrency-based user experiences, where greater engagement results in shared economic benefits for users and developers. Today, the Kin Ecosystem boasts 65 million wallets, and has distributed over $70M in rewards across 80+ apps since its inception in 2017. Kin is an SPL token on the Solana blockchain, enabling consumer-scale apps to transact swiftly, with minimal-to-no fees. Learn more at Kin.org.

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