Kinit App iOS launch, Kin Usage Dwarfs All Other Ethereum dApps
The Kin Foundation has released the Kinit App in the iOS App Store, adding iPhone users to the Android group that has been testing the beta version of the application since last month.
Kinit is an app dedicated to Kin cryptocurrency, giving users an opportunity to earn and spend in the platform’s native token.
A Medium post published on Wednesday says that the release makes Kin the world’s most-used cryptocurrency. Over fifteen thousand users have downloaded the Android version of the Kinit Beta App since its release last month.
The number of Kinit users should be even bigger, given that the app has also been integrated into Kik, the crypto’s messenger app. It has led to the combined percentage of people using Kin to dwarf that of the combined users on all Ethereum-based decentralized applications (dApps).
The Kin Foundation has said that only U.S-based iOS users will have access to the Kinit application. However, there are plans to extend the App’s reach to more locations in due course.
Using Kinit on an iPhone for the first time should not be trouble at all. Once a user has downloaded the app, all they need to do is to follow prompts and complete their wallet set up.
From here users can earn their first Kin tokens via a simple survey. They can also complete quick polls and small quizzes to earn more tokens.
The Kin Marketplace allows Kinit users to spend their Kin tokens on things like gift cards from outlets like Amazon and Google Play.
It is also possible for users within the Kinit app to transfer or receive Kin tokens from one another. The Kinit app will play a big role in helping the platform to gather useful insights from Kin users on the iOS.
The result is that partners of Kin will be able to develop better apps in both Android and iOS.
Kin is an Ethereum-based hybrid token that also integrates Stellar (XLM). The developers initially wanted to move to the Stellar platform, but ERC-20’s liquidity wasn’t that easy to find on any other platform.
Ethereum gives it liquidity while XLM is used for transactions. The two are linked and spend using atomic swaps, essentially locking one end of the coin whenever a transaction takes place.
The Kin Foundation recently announced that it had accepted 40 developer applications into its program with a view to expanding the use of its native Kin token. The Foundation will allow the developers to showcase their apps on October 2.
From here, apps that show that users can earn and spend money will be added to the Kin blockchain. The apps are in sectors like finance, education, gaming, communication, health and fitness, and news and entertainment.
With such initiatives in the pipeline, it is likely Kin will realize its expansion goals.