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Kin Newsletter - October 2021

News
Newsletters
Oct 18, 2021
,
Jesse
Cecchetto

During the month of September, the Kin Ecosystem totalled 21M total transactions, averaging 701K transactions per day among 17 total apps. 

The Solana network suffered a short outage in the month of September, causing Kin Ecosystem app services to halt transactions temporarily.

Everything recovered nicely within 18-24 hours. 

The Kin Foundation's executive chairman, William Mougayar, shared his perspective on the Solana reboot, framing what happened in the context of how blockchains scale. 

https://twitter.com/wmougayar/status/1439634121806974988?s=20

Although transactions took a slight decline due to the Solana outage, monthly active users and active users balances continued to rise - signaling an ongoing strengthening of the ecosystem and increased user activity.

Kin closed the month of September with slightly over 2 million monthly active users and about 49.3 billion active user balances.

Kin Social Growth Highlight

The Kin Community continues to grow at a rapid rate, leading the charge towards a better digital future and a thriving tokenized ecosystem.

Between Kin Foundation managed channels like Twitter & KINstagram along with community run & moderated channels like Reddit & Discord, we’ve seen thousands of new members join the Kin movement in the last few months.

Empowering E-commerce with Kin in Perfect365

Perfect365 is thrilled to announce the new e-commerce platform is in BETA form and available this month for all US Android users. For the first time, Perfect365 users will have the opportunity to purchase their favorite beauty branded products directly inside the app as they virtually try on different looks and makeup styles.

Users can spend their earned Kin currency, rewards that are given to users as part of their usage inside the app, to redeem these products during the process as a  discount to the total cost of an order.  The more they use the app, the more they earn Kin that can be used for their purchases. Read the full announcement here.

Who is the Kin Ecosystem Community?

The Kin Ecosystem community is chock-full of various walks of life, all sharing a passion and belief for a better digital future - revolving around a decentralized cryptocurrency (KIN) that enables it.

As the Kin Advocate Community plays a vital role in the growth and prosperity of the ecosystem, the Kin Foundation published a deep dive & segmentation into who makes up the Kin community and the role they play

Crypto Development Is Complex. Here’s Why It Doesn’t Have To Be

Decrypt published an in-depth article about how Kin is removing the hurdles developers face with cryptocurrency integration towards a totally intuitive and easy path to building innovative cryptocurrency-based experiences.

Read the full article to learn exactly how Kin is helping developers fast track their app development, with first hand examples and comments from developers.

"The fact that any developers with an idea can start building on the blockchain right away is what drew us to Kin." – Amir Alikhanzadeh

Decentralized cryptocurrency Kin reaches 200M transfers on Solana in first 8 months of 2021

Invezz published an article that featured KIN as a clear leading cryptocurrency on the Solana blockchain - reaching 200M transfers in the first 8 months of 2021, thanks to recent on-chain data provided by Bitquery.

5 Apps Leading The Way To The Web 3 Economy

In this comprehensive feature of Kin’s Ecosystem, Decrypt deep dives into how Kin is paving the way for a thriving Web 3 economy.

They speak with developers from Peerbet, Perfect365, MadLipz, Pop.In and Kreechures about how Kin has helped them create awesome cryptocurrency experiences for their users.

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 60 million wallets, and has distributed over $70M in rewards across 60+ 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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