KIN Crypto Project to Evaluate 40 Developers for App Ecosystem by Cryptovest

The KIN cryptocurrency project is set to evaluate 40 shortlisted applications to broaden its ecosystem and identify practical uses for its digital currency as part of the KIN Developer Program.

Launched in August 2017, KIN raised nearly $100 million through an initial coin offering (ICO). The project had a unique trajectory, being one of the few ICOs initiated by a well-established entity—Kik. However, the KIN token has faced challenges; the project’s team has discouraged exchange listings and speculation. It was later discovered that the ERC-20 token format was unsuitable for transactions within a chat application, prompting the need for alternative solutions.

This initiative marks a significant step in KIN’s continued evolution as it seeks to integrate its cryptocurrency into various applications.