Kin is a cryptocurrency used to earn and spend on apps in iOS and Android. Built on the ethereum platform, it was developed by Kik to support micro transactions through Kik’s messenger app. KIN cannot be mined and is earned by content creators, users participating in surveys, and sent P2P. With Kik’s large user base of 300 million unique accounts, the developers chose to focus more on KIN rather than utilizing traditional ads and advertisers. In its inception in 2017, it received $100 million equivalent in pre-sale and has consistently been under the focus of the SEC due to its size and popularity.
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