Kin’s Cryptocurrency App Kinit Launches on the iOS App Store

The Kin Foundation, which oversees the KIN cryptocurrency developed by Kik Interactive, announced this week that its Kinit App, which rewards users with Kin for completing daily activities like surveys, quizzes and interactive videos, is now available on the iOS App Store.

According to the announcement, the iOS launch comes after Kinit saw more than more than 15,000 Android downloads in just a month. The app is ultimately designed to introduce the KIN cryptocurrency to everyday users, allowing them to convert their earned digital currencies to gift cards from major retailers, including Amazon, AMC Theaters and Google Play.

While the app is still in its infancy, a few major brands have already become early adopters, including the energy drink brand Red Bull.

This news comes just days after we reported that the Kin blockchain had recently surpassed the daily active users of all the decentralized applications (DApps) on the Ethereum (ETH) blockchain. According to data found within the Kin Explorer, which monitors user activity and transactions on the Kin blockchain, there were 8,364 active users on the Kin blockchain at that time, in comparison to the 7,700 active users found on all Ethereum DApps. Ethereum has since retaken Kin with 15,600 users over the last 24 hours.

KIN is currently ranked 72nd in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Kinit App Now Live in iOS App Store
Similar: Kin Has Surpassed the Daily Active Users of All Ethereum DApps Combined

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts