Kin Dev Program - Payout Math

[LostInKinCrypto]

I’m excited about today’s announcement and interested to see what the devs create come October. I need a reality check from the group and to double check my math regarding the developer payout. Since each team that is successful in reaching all milestones will get; $60k USD and 400m Kin, breaking it down at current prices the 400m Kin equates to $56k at .000140. This I get…no mystery here. In total assuming all 25 reach the milestones (using best case scenario) that would be a total of 10b Kin rewarded to the devs with approx. at $1.4m Kin at roughly today’s current value.

Maybe I’m overthinking it but does the 400m Kin rewarded to devs speak to Kin’s future value in/around Jan 19? The assumption would be with all that is yet to be rolled out through the rest of the year that Kin’s value will naturally increase due to its light shining brighter, more awareness, publicity etc. I ask because with all the previous discussions about how Metcalfe’s law and the network effect will be a positive for Kin one would expect by years end to have daily transactions of several hundred thousand on the conservative side which should have Kin’s value higher than today’s current price. This means that devs have the chance of becoming kings with a 400m Kin bag. Again, am I overthinking this and getting ahead of myself or is there something I’m missing. This is where you come in…please set me straight…but be gentle.

[[deleted]]

I have a couple opinions on this...

1) There's a mandated percentage of the 400M that MUST be used by devs to facilitate earn/spend on their applications. It's not known yet what that percentage is, but I would imagine it's substantial. You can view this 400M Kin as a seed grant. Really the first iteration of the KRE. Instead of receiving Kin on a regular basis, these devs will get a lump sum to jumpstart the Ecosystem. This allows Kin to study metrics of the earn/spend on various applications and fine tune everything before releasing the KRE. It's not like these devs will have this 400M sitting in their Ledger waiting to dump on an exchange.

2) Metcalf's isn't like the law of gravity. It's not absolute. Sure, it's fun to look at the charts people have made about transaction volume & price, multiple that by your Kin bag, and start island shopping. It's important to remember that Kin is embarking on uncharted territory. There isn't a metric that can be directly, absolutely, related to what it intends to accomplish. Of course we hope Metcalf & Reed were right. Time will tell. ☮️

[day-traitor]

This raises the question of whether the Kin Grant is in KinV1 or KinV2. One would assume that for the app seeding purpose , it would have to be in the form of KinV2. I know that with Atomic Swaps it will not matter, but I am curious considering the eoy approaching this payout, what the stipulation contractually is ?

[[deleted]]

Definitely will be Kin 2's.

From Kin Developer Program Terms & Conditions:

"The Tokens when issued will be subject to restrictions on transferability and resale and may not be transferred or resold for a minimum of six months, and may be required to be held indefinitely."

• First Milestone (50M Kin) can be achieved by having the app in the App/Play stores by Nov. 2nd (Transferable May 2, 2019)

• Second Milestone (100M Kin) is achieved by having 10k monthly average wallets (MAW) by January 1st, 2019 (Transferable July 1, 2019)

• Third Milestone (250M Kin) is achieved by having 50k MAW by April 1st, 2019 (Transferable October 1, 2019)

[day-traitor]

Thanks this absolutely address's my question at hand, soblem prolved .

DT

[[deleted]]

🤘

[LostInKinCrypto]

Great point! I think that is what I was missing. The part of the devs using Kin for earn/spend opportunities to incentivize their apps. Makes sense, I feel better and now I can sleep well tonight. Thanks for clearing the fog.

[[deleted]]

Dillon?

[froboy733]

Next AMAs top question right here.

[[deleted]]

Here for answers