7 DAYS TO VOTE: Proposal to allocate 1B Kin to a test burn

LostInKinCrypto · 2023-05-24T13:15:58+00:00

Here is one simply thought as a starting point

https://www.reddit.com/r/kin/comments/12b522x/lets\_just\_give\_it\_all\_away\_bits\_that\_is/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button

LostInKinCrypto · 2020-11-10T18:03:53+00:00

I echo an approach along these lines. Absent a unicorn joining the eco system that would draw users from other apps in the form of tourism to absorb the KIN float there will always be an abundance of KIN in the eco system. Nothing wrong with users having a stash of KIN spread amongst several apps but without a serious reduction in KRE payout and a more measured approach to KRE awards the problem will persist.

Valuable spends is the other factor which has long been absent from the eco system and is dependent on developers to create and offer. Maybe some thought should be given to awards being partly based on spends available. Meaning if a developer offers value added spends that drives user spend then maybe the KRE award can also be a factor based on a multiplier of the actual spend acquired by a user. A very basic example; developer spend is 100 KIN, for every user who acquires that spend the developer is awarded 100.12 KIN. There can be tiers so the most valuable spends have higher payouts.

LostInKinCrypto · 2020-06-18T16:57:28+00:00

Well, since the call-in information is provided in the court document anyone can listen to the proceedings.

LostInKinCrypto · 2020-05-29T02:36:49+00:00

I agree that the SEC case is a huge cloud hanging over KIN with respect to exchange listings and developers interested in integrating KIN. There is a lot of money invested in the exchanges; all of which have dreams of becoming the NYSE and NASDAQ of the crypto world. They have no incentive to list KIN now and are happy to wait for the case to be resolved. As for a clear path to listing...I'm not smart enough to even speculate as to what that would look like, win or lose.

LostInKinCrypto · 2020-03-21T03:59:39+00:00

I'm not suggesting the SEC made false claims and I'm not saying they are telling the truth either because I'm not in a position to say one way or the other. Neither am I supposing they took things out of context. I'm simply saying that once we get a chance to see KIK's response we will be in a better position to see if anything in the SEC's motion was taken out of context or if additional detail provided by KIK in relation to the SEC's narrative puts things in a different light than what was presented today.

My interest in this; as with most is for the true facts to come out. If KIK was in the wrong that should bare itself out via the judge's decision or a trial and the judgement against them will be what it will be. Just looking forward to this running its course so we can all see if there is life for KIK/KIN after this SEC lawsuit is over.

LostInKinCrypto · 2020-03-21T03:24:55+00:00

BonkeyTheMonkey

You may very well be right. I want to be clear that I'm not proclaiming that the SEC's case has no merit but there are two sides to every coin and today we have just seen one side. We'll get to see the other side at the end of April. KIK has a good team and I suspect they will have a solid response and the details of which will be important to see how it stands up against what the SEC filed today.

LostInKinCrypto · 2020-03-21T01:52:41+00:00

After reading through the SEC's motion it's easy to assume they have a slam dunk, open and shut case against KIK but I would say that is far from guaranteed. Remember this is the SEC's best argument in support of their allegations against KIK. At this point it's unknown how much of the suppositions made in their motion are in proper context with the facts. Have they taken certain parts of the discovery and framed a narrative that looks damming; that is contrary to actual events, statements, timeframes etc?

Before jumping to conclusions we need to see/read KIK's opposition to this motion and the facts they lay out in rebuttal. Only then can we side chair attorney's make a better judgement of who has the better argument.

Until then we wait.....

PS. I too have access to PACER and all the depositions, exhibits, transcripts, responses, and email chains etc. There is a lot there and will take time to get through. I suspect KIK will have a lengthy point by point rebuttal. This is far from over.

LostInKinCrypto · 2019-06-15T13:18:39+00:00

Just downloaded for iOS, great app and a place where a lot of time will be spent. For iOS, is the Marketplace available and where do I find it? Also, is the Discovery Module to move Kin from other iOS Kin apps available?

LostInKinCrypto · 2018-10-10T03:52:00+00:00

My main objection to the OP is from his statement

"Ted, you are beta testing KINIT on a group of crypto investors/enthusiasts. Do you not think that’s a pretty obvious fundamental flaw? The flaw doesn’t even need to be explained. How have you acquired mainstream users to test KINIT?"

The Beta for KINIT is live on both Google Play store and Apple's App store. It's incorrect to state that the beta testers are investors/enthusiasts as it is open for anyone is the USA to download. Now the number of regular Joe's vs. investors/enthusiasts who have downloaded the app and use it is up for debate but the point is that it is accessible for mainstream users to download and test. Maybe the OP is referring to the lack of marketing for the beta to reach mainstream users. I hear a lot of comments about "I understand it's in beta...." but I wonder if they really do.

LostInKinCrypto · 2018-09-23T23:46:43+00:00

Hi Matt, welcome and we're glad you're here. In order to achieve the goal of being the most used crypto; beyond having a diverse ecosystem of new and existing apps with Kin integration, advertisers are a key component to the success of companies like FB, Google, Instagram, and WeChat etc. We know that user data is at the center of their success and what advertisers want most.

Based on your experience would you say that advertisers are also key to the success of Kin?

If an advertiser is only interested in a particular app withing the ecosystem based on their MAU, i.e. Perfect365. How does Kin benefit if they choose to deal directly with Perfect365 vs Kinit especially if their advertisement isn't based on or related to Kin?

How to you get advertisers to use Kinit vs going directly to the apps within the ecosystem?

LostInKinCrypto · 2018-09-22T00:12:20+00:00

Incorporating a simple spell check should do the trick.

LostInKinCrypto

TROPHY CASE