Kin Migration: Trust Wallet, MyKinWallet and the ERC-20 Swap
This article sets out important changes for legacy Kin accounts managed with Trust Wallet or MyKinWallet. It also contains updates on the ERC-20 Swap, Migration Guides and Community Support.
Trust Wallet Recovery Tool
Following the migration, all Trust Wallet users had to perform certain steps to access their migrated Kin. Recently, Trust Wallet ceased supporting non-standard Solana addresses which affected users who still kept their Kin in a migrated wallet address.
If you were affected by this change and lost access to your migrated Kin Wallet, the Trust Wallet team has provided a Recovery Tool. This tool will provide you your private key, so you can create a new Trust Wallet Account.
Before using the tool, it is strongly recommended you create a new wallet in either Trust Wallet or Phantom. Do not leave your Kin in the wallet address you recover using this tool - transfer the Kin to a new Solana wallet address.
Here are the steps:
- Open the Kin Laboratory Tools
- Scroll to “Convert Trust Wallet Stellar Kin to Solana”.
- Enter your Mnemonic phrase from the Trust Wallet account where you lost access to your Kin.
- Hit “Convert”.
- The tool will convert your Mnemonic phrase into a private key.
- In Trust Wallet, create a new wallet using this private key. You will now have recovered access to your migrated Kin.
- Transfer the Kin from this wallet, to your new wallet.
MyKinWallet
MyKinWallet will no longer be supported after 1 January 2023.
If you use MyKinWallet as a paper wallet, it is strongly recommended you transfer this Kin to a new Solana wallet by the end of the year. After this time, if you have difficulties accessing your Kin, you can use the ‘Convert Stellar Seed to Solana’ recovery tool in the Kin Laboratory to convert your stellar based private key into an updated format which will allow it to be imported into newer Solana wallets such as Phantom. However in doing so, it is strongly recommended to transfer your Kin out of this wallet into a new Solana keypair - do not leave your Kin in the recovered address.
If you access MyKinWallet using a Ledger, after 1 January 2023 there will be no tools or recovery options available to access your Kin. While a tool is being explored, it is strongly recommended you transfer this Kin to a new Solana wallet by the end of the year. Failure to do so may mean you will not be able to access your Kin until a new tool is available. Kin can easily be managed with a Ledger by using Phantom or Solflare.
ERC-20 Token Swap
ERC-20 Kin is the original version of Kin that existed on the Ethereum Blockchain. FTX provided a service to swap ERC-20 Kin to the Kin on the Solana Blockchain which ceased upon FTX halting their business operations. The Kin Community is looking for a new swap partner and will share an update at a later point in time when one is available. As this service depends on the commitment of a third party to operate the service, no time frame can be given for the availability of the launch of a new token swap partner.
Looking for Migration Guides?
Kin migration guides can be found in the Migration Section within the Kin Knowledge Base (knowledge.kin.org) The Knowledge Base is a community contributed wiki that provides guides and information on Frequently Asked Questions. Should you need further support, it is possible to create a Help Ticket in the Kin Community Discord. This is a volunteer help desk run by community members supporting each other.
About Kin
Kin gives everyone skin in the game – making it easy for apps and brands to reward users and create exciting experiences with cryptocurrency, all while generating new streams of revenue for themselves. Tearing down barriers to crypto development, Kin is leading the Web3 revolution by empowering platforms and their users to forge mutually beneficial relationships. Win-win is a cliché – Kin is the reality. Visit kin.org to learn more.
Read more
Kool Games Reveals GodSlayer to be Powered Exclusively by Kin Cryptocurrency
Kool Games, the esteemed mobile game studio that has collaborated with high-powered clients such as Voodoo and Green Panda Games, has announced that their upcoming action RPG title GodSlayer will allow players to earn, buy, and spend Kin to supercharge their gaming experience.
Kin Ecosystem Year-In-Review: 6 Major Achievements in 2022
It has been an exceptional year for the Kin Ecosystem, with numerous achievements and developments. This includes the introduction of Kinetic, the launch of a new brand identity, the formation of new partnerships, the proposal of the Kin Rewards Engine KRE 4.0, the modernization of data and analytics, and Kin's continued leadership in the Solana ecosystem. These exciting developments have solidified Kin as a leader in Web3 and sets the stage for continued success in 2023 and beyond.
Overcoming Obstacles to Building a web3 Economy
Several players in the blockchain industry are working towards building a decentralized, open economy based on cryptocurrency. Kin augments this vision by allowing every participant to benefit from the opportunities it offers without being taken advantage of. This vision, known as web3, aims to solve the problems of the extractive big data economy, where large tech firms exploit personal data from consumers, app developers and content creators, leaving them unable to maximize monetizing their work. However, there are several challenges that need to be overcome in order to realize the full potential of web3.
Winners of the Kin No-Code Hackathon Revealed
The Kin Foundation is delighted to announce that the No-Code Hackathon was a huge success. 220 entries were received from 29 different countries. The panel of judges had a very difficult time selecting the winners due to the great ideas and use cases that were presented. Below are the five winners and their prizes.