USD 3 Million Developer Fund launched by Kik to create 25 ‘Kin Economies’
The founders and the creators of the famous Kik and Kin cryptocurrency are now making a multi-million dollar bet in what could be the solution in helping the firm create and monetize digital economies – crypto tokens.
CEO and founder of Kin and Kik, Ted Livingston, says, “Up until now, developers haven’t had access to a consumer-ready cryptocurrency that can easily be integrated into mainstream apps and platforms.” Further adding, “The Kin Developer Program offers just that, and it also financially incentivizes developers to create natively with Kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world.”
The whole program lasts for 6 months and will have 3 phases to it. The developers who participate actively into it will earn rewards just for achieving targets and reaching benchmarks. In order to receive the complete amount of USD 116,000 (the maximum a developer can attain), they must integrate kin into an approved app by early October. The deadline is very tight and it is very grueling some as well. They must also have by the beginning of January have 10,000 monthly active wallets (MAW) and must make sure that they expand this network to 50,000 MAW by April 1.
CCN had recently reported that, “the kin token recently went live in the Kik app in a closed beta, allowing testers to earn kin by completing microtasks and spend them on premium app customization items. Notably, developers don’t necessarily have to interface their projects directly with the Kik app, though doing so might make it easier to reach the 50,000 MAW minimum.”
There are other platforms as well on this same aspect that raise money to create such products, but for now, Kik is making major headlines these days.