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About Kin
- Kin is a decentralized cryptocurrency created in 2017 by Kik Inc.
- Initially launched on Ethereum blockchain, migrated to Solana blockchain in 2020 for lower transaction fees and scalability.
- Zero inflation: fully distributed Kin supply, no additional tokens will enter circulation.
- In 2020, Kik Inc. agreed to a mutual settlement with the US SEC, Kin not required to be registered as a security, providing regulatory clarity.
Numbers and figures:
- 2017: Year Kin was created
- 2020: Year Kin migrated to Solana blockchain and agreed to a mutual settlement with the US SEC
About Kin: Empowering a New Era of Digital Economy
Kin: A Revolutionary Cryptocurrency
Kin is a decentralized cryptocurrency, launched in 2017 by Kik Inc., that operates independently of central authorities.
Kin was initially debuted on the Ethereum blockchain. However, in 2020, it made a strategic transition to the Solana blockchain, driven by the pursuit of significantly reduced transaction fees and substantially enhanced scalability.
Notably, Kin boasts a unique characteristic: zero inflation. The entire Kin supply has been fully distributed, and there will be no further introduction of new Kin tokens into circulation.
In 2020, Kik Inc. reached a landmark settlement with the United States Securities and Exchange Commission (SEC), wherein Kin was exempt from registration as a security, thereby earning it a rare distinction among cryptocurrencies with unequivocal regulatory clarity.