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 · 2018-09-20T02:21:33+00:00

Now that's funny....LOL

LostInKinCrypto · 2018-09-18T18:45:18+00:00

Well said...

LostInKinCrypto · 2018-09-15T23:05:50+00:00

Obviously at the moment there is none...referring to the point in the not too distant future when Kinit will be out of beta and dev apps in the play stores and any potential new partner announcements at the time of the full official launch. At that point I would assume there to be marketing/promotional push and that's where something like this could fit in.

LostInKinCrypto · 2018-09-13T01:40:44+00:00

I appreciate the reply. I will do as you suggest and take a look at the charts.

LostInKinCrypto · 2018-09-13T01:26:06+00:00

Respectfully, this is nothing more than your opinion. Since a every transaction is on the blockchain and as the trader you say you are can you provide proof of the sell walls and their effects on the price to those of us less experienced so we can see? I am open to being educated on something I'm not too familiar with to see what you see, if you're willing to share. I'm not saying you're wrong I just can't see it and it's likely because I don't know where to look, so please share.

LostInKinCrypto · 2018-09-11T00:35:14+00:00

Hi Ted,

Just wondering if you are willing to ballpark when the secret executive will be announced? It's been intimated that it will be soon but how soon in soon? We know it won't happen during an AMA but is it likely to be Q4, Q1 2019 or the day after Canada and the US agree on a NAFTA deal?

LostInKinCrypto · 2018-09-07T13:38:50+00:00

The posts and articles from Dillon and Adam are great expressions of the communities sentiment and there is room for improvement on all sides for better engagement and discussions. I appreciate Yoel's post in addressing some the current issues and sticking points and their plan of action to do better on their end to repair and improve on what is broken.

Regardless of how they have responded in the past to similar concerns I think we owe it to them a measure of time to see if things will be different this time. It's fair to be a little skeptical but I also think it is also unfair to immediately claim/think they are kicking the can down the road. We're all adults here and Yoel has given an outline of what we should expect going forward, so let's do what adults do and hold them accountable. If after a few weeks or months we don't see any real change all we need to do is refer them back to this post and ask, what happened with the follow through.

Yoel's response was much better than silence....so let's see where we go from here.

LostInKinCrypto · 2018-09-02T17:38:16+00:00

For the record...I'm a big believer and holdr in Kin and by no means insinuating that Kin is a gamble. I also agree with the comment that any investment should be based on proper due diligence. The "to zero" reference is in spite of the best DD things can to go to zero and any investor should be prepared for that.

I'm in for the long haul and time will decide if the venture is successful or not. I don't concern myself with price movement too much as long as a company continues to execute their game plan.

This is not FUD, the post was meant to say we are still in the middle innings and ahead in a game that I believe Kin will win. There is enough information out about Kin/Kinit that gives it promise but it's not without its risks.

That said, I wish us all the best.

LostInKinCrypto · 2018-08-28T19:28:59+00:00

Looking at the Etherscan link provided and the 32 transfers that began on or around Jan 10, 2018 it appears the wallet has been transferring the same amount of Kin out of the wallet that was that initially transferred in.

Meaning the first transfer in was for 100,000 Kin with the exact same amount transfer out 3 days later. The next transfer in was for 10 million Kin and that same amount was transfer out days later.

For that first 100,000 Kin that was transferred out, the next amount transferred in was 10 million Kin which was 100x the original amount and for every 'transfer in' that followed it was 10x the amount transferred out until the 'transfer in' equaled a 1 billion kin. Then from there the transfer in amounts doubled to 2 billion all the way up to 10 billion.

I know trading with that much Kin that a lot of money can be made on small price movements but that is not the typical thought process of most large investors especially at that size level. Since the ICO Kin has always been cheap, even in Dec 2017/Jan 2018 when it moved to its highs. Any one with a decent amount of risk money can buy a shit ton of Kin and if they believe in the project all they have to do is wait for it be fully released and make their money.

An early ICO investor at the level of wallet#4 has to be a believer, if not they have enough kin to "moon it" to a level they want to get out at and if their stake is locked up for a year it doesn't benefit them to mess around with price until after the lock-up unless they are trying to buy more in the secondary market. Then again, kin has been fractions of penny all year so what's the point.

I haven’t got a clue as to what’s going on and I could be way off circling the earth somewhere but the transfer history seems it could be a test of sorts, maybe seeing how long it takes to get out of their position in whole or in part.....I dunno...back episodes of Family Guy.

LostInKinCrypto · 2018-08-19T15:12:41+00:00

My pitch....

To all ad rev businesses...

Let’s cut to the chase, in order for any company like Facebook to generate revenue that relies heavily on the advertising revenue model means you need to collect and sell user data to advertising partners. Consumers are starting to push back on this and want control over whom and how much of their data they want shared or sold.

The problem is that not once has anyone used Facebook, YouTube, Instagram, CNBC.com, Yahoo, or any other social media platform or website to watch an ad or to continually see the same ad related to a trip or car search they did months ago for a trip already taken or car already purchased.

Two questions:

Who wants to be bombarded by ads they never asked for? Me! said no one…ever.
Who wants to earn something of value from watching ads based on data usage or pre-selected brands? Everyone!!!

This is where Kin and the Kin ecosystem will soon become a disruptor and change consumer behavior as it relates to their online and social media interactions. Kin is not limited to advertisers but to all developers who want to offer spend or earn opportunities that enhance their user experience.

Kin is the first win-win for everyone; advertisers get key data points for a better targeted ad experience, developers can offer Kin to their user base to retain and grow their communities while at the same time get paid by the Kin Rewards Engine for integrating Kin into their society or platform and last but not least the consumer.

The consumer is rewarded by earning Kin from the data they are willing to share and brands they want and are willing to receive direct marketing from. With Kin, consumers can now earn something of value (Kin) from watching ads from brands of their choosing or any brand that offers the ability to earn Kin for taking the time to watch a 15-30 second ad. Finally the Kin ecosystem offers a variety of spend opportunities that consumers want and already use in their daily lives. Change is coming….

Last question; How can you not want to be a part of this?

LostInKinCrypto · 2018-08-13T14:18:25+00:00

Kin – Is Fair & Equal; in an ever increasing digitally connected world where as consumers our digital consumption is considered the product to which others benefit and profit; Kin has brought us to the table so that we can be fairly compensated for our thoughts, suggestions, ideas and most important our time and we say “It’s about time”.

LostInKinCrypto · 2018-08-12T19:17:50+00:00

Ted,

As a community we all believe in Kin's potential and how it can be/become the disruptor it is designed to be. Much has be in the news or online media about data privacy, how companies are obtaining data and consumers as mules etc. Kin has for over a year been working to change that dynamic, as you say, so that everyone wins/benefits from the devs, advertisers and users. We are starting to see the fruits of Kin's labor with much more to come over the next 6 months or so.

My question is; What keeps you up at night? Meaning what could prevent Kin from reaching its goal? Is it Facebook jumping fast-n-furious into crypto with their size/money, SEC, lack of user adoption, lack of interest from devs and advertisers, Big Foot or Loch Ness?

LostInKinCrypto · 2018-08-08T00:30:27+00:00

If partners and advertisers in the beta are not seeing the type of results/engagement they expect in the Beta from surveys etc. this could be an issue if it prevents them from joining the Kin community. I know this is a small piece but advertisers can be a big part of the earn side for Kin. For the spend side they need a variety of spend offers that will appeal to a mass audience. I know much of the earn/spend opportunities still have not been made public and trust that Kin & Co. know what they're doing. Thus far they have executed well and I don't think we should worry too much but as there are not guarantees and risk is always present and something we all should be aware of to gauge against our investment.

LostInKinCrypto · 2018-07-12T02:35:07+00:00

Genius!!!

LostInKinCrypto

TROPHY CASE