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Kik Beta App ‘Knit’ Goes Live on Google Play after $100 Million ICO to Date



Kik Beta App ‘Knit’ Goes Live on Google Play after $100 Million ICO to Date

The much awaited ‘knit’ app goes viral on google play just a few months later they posted their product vision ’Medium’. It has a unique feature of becoming the largest consumer faced cryptocurrency app.

Since the company has gain limelight then let me make you well versed with its product and vision. The vision is categorized into three different parts, the first is the “Kin Ecosystem”.

This includes various partners such as Kik, Unity, Blackhawk Network and IMVU. The program has introduced exciting offers for developers by landing 50,000 monthly active wallets in order to receive funds made by the contest.

The second one is the ‘Kik Blockchain” which originally consisted of two blockchains. It was originally expected to be the ERC-20 token, but due to some error, it was not offered to the public. However, with the active support of Stellar market, it has been figured out to process the transaction at cheaper rates.

The last part of the vision which is released on Android today is “Kin Standalone App”. This app is simple to use by just downloading it and answering some basic questions. This app can be developed by the users with the help of ‘kin ecosystem’.

Once downloaded the user will have to type its mobile number in order to access it and then a quiz will be displayed on the screen. With his simple steps, the developer can start earning kin.

Coming to the product of the app, it gives wider scope to the customers by making gift cards ranging from $5-$25. Their marketing strategies is a treat to know, as they ask questions like users favorite brands, tiger speed of consuming, etc. The users can even answer with funny emoji’s.

The idea here is to attract more and more customers to invest and earn kin points. Till now the app has received 10-day detention rate of 75%. Moreover, 66% of users use this app 3 times a week and 49% were unaware of hoarding their kin.

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Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Rupali Sinha is a journalist at Koinalert. She covers the latest news and updates related to Blockchain technology and cryptocurrencies.