Publish on 2021-10-19
Kin is the easiest and fastest path for developers to build innovative cryptocurrency-based user experiences that result in greater engagement, and shared economic benefits. End-users can download a variety of mobile Apps and experience Kin.
Total Supply: 10,000,000,000,000 (10 Trillion) KIN
Current Circulating Supply: 1,605,134,212,42 KIN
Offering Price: $0.000120
Official Website: https://kin.org/
Blockchain Explorer: https://explorer.solana.com/address/kinXdEcpDQeHPEuQnqmUgtYykqKGVFq6CeVX5iAHJq6
Token Sale (Private, Public Sale Sum): 10%
Foundation (Kin Rewards Engine, Development): 60%
Kik Interactive: 30% (Original Team and Development)
Token Vesting Schedule
● Private Sale: 50% lockup for 1 year
● Public Sale: No lock up
● 20% of Reserve supply unlocked per year with no carryover for available distribution through the Kin Rewards Engine
● Unallocated tokens are rolled back into the total Reserve supply.
● Vesting Formula: (Annual Allocation =(Opening Kin Reserves Balance for Year) x (20%))
● Details are provided in the May 2020 transparency report ( https://kin.org/wp-content/uploads/2020/11/Kin-Foundation-Transparency-Report-2020.pdf)
● The Foundation is a not-for-profit entity and must apply the reserve in accordance with page 21 of the Whitepaper (for the benefit of the ecosystem participants).
Kik Interactive, Inc.:
●10% unlocked per quarter for 10 quarters.
● 45 days notice to the SEC prior to any token movement.
● To date, Kik has never transferred or sold any of its Kin.