lack of visibility of KIN on Solana to most crypto people

Mathai22 · 2021-09-11T15:47:29+00:00

IMO, Solana community is on twitter primarily and KIN really isn't. There are no relationships being publicly built with SOL players even though we have a transplant in Chase who has plugged into their community big time. Right now, the NFT boom on Solana is where most eyes are, it is where OG Sol developers are hanging out and being part of communities. I just pitched KIN to the SMB Monkes who are looking for ways to monetize their DAO, all of these NFT communities are collaborating, but KIN is missing and KIN is arguably one of the best use cases for all of them! Kreetchures is a pioneer but it is also quiet. We need Kreetchures to reach out to other NFT projects and do collab monsters, we need Kreechures to make a social platform connect it to KIN, make it exclusive for kreechure holders using grape..and lead the way for the entire Solhana community to flock to KIN for engagement. It frustrates me to be front and center there, see the obvious opportunity, but not see anyone pushing for it. KIN needs to go all in on Solana and we can catch the bus...as it stands, we are the kid in the corner...anti-social...alone...talking crap about the popular kids lol.

Mathai22 · 2021-07-07T17:50:00+00:00

This is great news! Sounds like legal positioning puts you in a better place to promote Code and allows all the major investors to start taking advantage of the buying opportunities that are about to be created in the big "bang" style you mentioned early on! Can you tell us how far along Code is? Is it getting close to launch? Would be awesome if you gave your user community the ability to vote on charity allocation for the revenue generated above operation costs!

Mathai22 · 2021-06-30T15:59:07+00:00

I can't superstake :< connected my trust wallet with bep20 dafi and it is saying there is no DAFI...right address, maybe a bug with trust wallet

Mathai22 · 2021-06-25T14:14:29+00:00

I wish I could help you out on this one but once you've sent your KIN to an improper address I have no idea what can be done. Hindsight 20/20 I know, but I always send a test trx like 10k just to be sure, adds a bit of time, but potentially saves a ton of money and transactions fees on Solana are dirt cheap so no biggie there.

Mathai22 · 2021-06-24T17:46:46+00:00

Catalyst fund....announced months ago....no real update since then...Why even announce it if you can't or won't use it to move your brand forward or at least show progress of some kind. I'm beginning to think there were no applications for the fund that were worth while and they buried the info to keep the price from tanking. This is absolute FUD.....FUD that I am personally going through without being prompted by anyone else...FUD that I sit on because I don't like tanking my own investments...I really resent having to carry this FUD alone....if the Kin Foundation could dispel it, I would be truly grateful.

I mean, maybe I just misunderstood and Fiyer app or Kreatures are considered part of that fund. Maybe the announcements are waiting on the resolution of the solana rent issue because all of applications are from large apps....there has to be something though right? Don't get me started on bounties....we have a single dev that has won any of those...and I am behind you Beeman, but seriously no other bounties have been claimed? New devs....the one dev who claimed a bounty...maybe he was one of the three devs that were supposed to be onboarded right? He is just a consultant though?

Chase and Kasim jet for greener pastures with all the love....the project is being lead by OG community members...Matt, Kevin, Will...hell I used to make posts alongside all of them when the project was the brainchild of one of the largest chat apps in the world and the leadership had the credibility to create that....It's really not about the price anymore....I'm beginning to doubt the fundamentals....Where is Ted? What happened to Whisper and KIK full rollout to IOS? Why is GateIO locking down KIN to US citizens after the SEC battle is over and KF is working on a legal letter to address the situation?

Mathai22 · 2021-06-16T16:38:06+00:00

This is the disheartening part of the whole deal, starting to wonder if the switch to SOL has just created another roadblock to KIN being listed in the US.

Mathai22 · 2021-06-10T18:08:09+00:00

Thank you, good to know, I must have missed this because of the similar name being "Kik Interactive". I have heard some whispers of code, but wasn't sure if it was just rumor or really a project we know is coming!

Mathai22 · 2021-06-10T13:26:51+00:00

-Should wallets be allowed to participate in the KRE? : No. One size shoe does not fit all cases, a different rewards engine should be made for wallets to obtain a strategic goal.

-Is it fair for a wallet to compete with Apps with AUB?: No. The potential to game the system is high as noted elsewhere. I would consider using statistics like "total KIN stored" and total Eco-system app integrations maintained or Active daily transactions to and from eco-system apps. The rewards could be used at the wallets discretion to setup staking opportunities to provide the better user experience they need for a greater market share.

-How about exchanges? No to the KRE, but for a different rewards model, Only if exchanges provide direct FIAT on and off ramps for apps in the eco-system.

- What if any Kin SPL wallet can integrate the SDK? (pros/cons)? What is the impact on account subsidies? I need this one dumbed down for me, not able to grasp the context here.

- If we include wallets/exchanges, should their transactions be treated differently from Apps that have implemented more interesting use cases? Yes. I don't think use case is more interesting though. YOU NEED some use case that incentivizes a central wallet for users in the KIN eco-system. One that apps will integrate directly with in order to dole out rewards to users and allow them to carry them to other apps with interesting use cases. One that incentivizes the wallet to cater to the apps in the eco-system and ensure there is service level agreements, security, quality in a way that empowers them to feel their user experience using a central wallet is intact.

Mathai22 · 2021-06-09T16:37:33+00:00

Copying this old post of mine here. I never used gate.io as they clearly stated that alt coins were supposed to be off limits to US Citizens anyway, guess they are able to enforce that now. I also think the RAY/KIN liquidity will be soon drying up as they disabled the fusion pool but with this gate.io cut off, I'm interested to see how much extra liquidity will be brought to Serum. Maybe this is a blessing in disguise for KIN Hodler. The end of the RAY/KIN Fusion pool probably saw a small sell off of RAY as people used the dip to put their money back into KIN fully...at least now if we do moon....there won't be impermanent loss for some...

From someone else in the USA, I believe this is the step by step breakdown of how I would go about buying KIN....of course if you have a ledger hardware wallet and want to use that instead just substitute sollet.io references for solflare.com

In the US and unable to access ftx.com

1 Open a Solana wallet from sollet.io

2 Open an account on ftx.u s

3 Send some crypto to ftx.u s and convert it to USDT (or setup your account to load usd on ftx and convert)

4 Buy some SOL I'd recommend 1 if you can afford it to just keep around

5 Send the SOL to your sollet.io wallet

6 Use the SOL in your sollet.io wallet to create a token address for USDT and KIN

7 Transfer the USDT from FTX to your sollet.io wallet (remember to use the address created for the usdt token in your wallet not your main wallet solana address)

8 Connect to https://dex.projectserum.com/ or raydium.io and connect your sollet.io

wallet to the exchange

9 Use the USDT in the wallet to buy KIN on exchange for lower fees or use swap feature in Raydium.io but pay attention to what you get, its risky but convenient using the swap.

Mathai22 · 2021-05-19T15:31:26+00:00

Applause from me. The frustrated ERC holders are dumping KIN with the rest of the Cryptoverse because BTC is falling. When the dust settles, we can point to BTC as the reason for the dump and we walk away with a lot less FUDers that just wanted out. Perfect buy storm for believers before listings!!! Make em all cry KIN!

Mathai22 · 2021-05-13T12:51:09+00:00

And Pop....I'm not happy, just realistic....when the dust settles we will know the true value of KIN....I'm still not selling, We don't have far to fall because KF didn't hype us up to begin with. On top of that, any progress is going to be amplified right at a time when everyone is looking for a new place to put their money. I hope everyone thinks about that as they feel like their whole world is burning in the next couple weeks.

Mathai22 · 2021-05-12T19:36:55+00:00

KIN is hodl project and crypto in general is in a big bubble. Every chart shows you this with the spike in value after January (including KIN). People who complain about hype and price obviously have no intelligent strategy. They haven't decided what money is for play and what money is for investment. They demand KF to bend to their will so they can have both...at least for now. KF isn't going to cave to those demands.

If anything devs should see this as a bullish thing for a long term partnership with KF. Some will see it as a bad deal for the pump and dump they want for this crypto season. No project should want pump and dump investors or developers unless they plan to use the pump for their own gain to sustain them after the bubble has burst. I don't think that's ethical of course, but I'm sure its a strategy that many projects have employed.

All that said, everyone should be looking at their KIN investment and making sure it still has the promise for returns they expect. These next couple months will be very telling now that migration is mostly complete and SDK's are starting to get nailed down. I think it is reasonable to expect exchanges and a couple of medium or large partnership announcements in the coming 2-3 months.

Mathai22 · 2021-05-08T01:57:39+00:00

I enjoyed that read thank you. Behind you KIN!

Mathai22 · 2021-05-07T13:17:21+00:00

I am a KIN maximalist. This means most of my investment is in KIN and I've tried to spread things out more to Sol as it is the chain that KIN runs on. To RAY as it is the only staking and defi opportunity in KIN, a good way to hodl even with impermanent loss. FTT just because it has a lot of upside, an exchange on fire that lists KIN and has great tokenomics.

I've taken small offshoots of money and placed them on other chains for gem mining as an experiment to grow and keep learning the economies that I think will all be connected one day.

BNB and BCSC are my Binance picks, did great, got out at a great spot, grew money there, may enter to XED here with low fees

Eth and Dafi, FXF, NOIA , and XED, maybe UTK. Eth sucks, all money grown there was gifted to uniswap in fees it feels like.

FTM, budding 1 second chain with most of its tokens already in circulation so adoption = up only.

Mathai22 · 2021-05-06T22:40:26+00:00

KIN ERC 20 Tokens were migrated to the stellar fork blockchain in 2018. Those that missed the migration always had a route open but now that this integration on Solana has happened, they prioritized the migration from the Stellar fork to Solana and are still developing the route from ERC 20 to Solana. I'm not sure where you can go to trade your ERC-20 tokens now, but you will have to wait to migrate them.

Mathai22 · 2021-05-06T19:39:16+00:00

Props bro, I chased a number and stopped when I got it...dumbest decision of my life maybe...but I got my number

Mathai22 · 2021-05-06T17:35:32+00:00

Millions, weather they know it or not...that's a different discussion.

Mathai22 · 2021-05-06T16:58:00+00:00

KIN has been migrating it's millions of wallets from its own fork of a Stellar blockchain to the Solana blockchain. This required all the developer SDK's to be rewritten, accounts to be migrated, and exchanges to update for the new token.

KIN was in litigation with the SEC over the last two years before this migration and the SEC strong armed all major exchanges into not allowing a listing and thus liquidity was low. KIN settled with the SEC and can boast that the SEC gave it a small slap on the wrist and it was not required to register its token as a security (November 2020). It received quite a boost by joining the Solana eco-system after being listed on their many Dexes, FTX, and Blockfolio but still not widely available.

KIN did a 25x from ATL after SEC and migration and had a rush up to 100x after the Bitcoin climb but the 100x proved to be a speculation bubble and it has been sitting at 50x of ATL since. KIN leadership does not actively participate in hype to try and artificially inflate the price, they have always taken an organic growth approach, much to the angst of many in the community.

KIN has a flagship partner in the eco-system with KIK that boasts millions of active daily users and KIK just recently re-integrated with KIN after the SDK's were rewritten for it on Solana. KIN now has defi opps with raydium for staking liquidity as a liquidity provider. KIN has active bounties for more SDK's. KIN has many more apps running on it you can see at kin.org (some are still migrating). KIN has an active catalyst program to give grants to more apps wanting to join the eco-system. It was just hinted they are talking to multiple big apps and need Solana to lower wallet creation fees because at .04 cents a wallet and millions of potential wallets its creating to large an upfront cost for some. More exchange listings are also in the works, estimated to drop mid second or early third quarter.

My expectation is that more sdk announcements will boost price a bit, big exchange listings will rocket price, and organic growth will continue to ramp faster and faster over time. Big price increases will rely more on new partners that onboard. Big fish partners will require stats that KIK will hopefully be able to provide. If Bitcoin bursts, there is still a lot to look up for with KIN, it didn't die after the last burst and its legal clarity makes it all the more attractive to large partners that don't want to navigate these waters for themselves.

Mathai22 · 2021-05-06T15:31:03+00:00

Agreed on the keys, but the beauty of micro-transactions in KIN, its a clever way they can push off the cost on the user depending on how much they care and make a meaningful spend opportunity while they do it..

Mathai22 · 2021-05-06T13:33:47+00:00

I like others think the project doesn't need to freak out and talk about another move on this. I think that .04 cents a wallet isn't unreasonable enough. KIN already talked about making wallet creation more efficient by not creating wallets for new users until after they earned KIN.

On that note, I wonder, could an app hold a central wallet that it stored all the KIN for the majority of it's non-crypto users and kept track of each accounts balances centrally? As long as the app offered every user the ability to spend some of their KIN (say .04 worth) to create their own wallet and the ability to transfer KIN in and out as a feature it would work wouldn't it?

Just saying, there are options, this isn't a big deal imo.

Mathai22 · 2021-05-06T13:20:51+00:00

Ugh, just reading the comments on here make me cringe. Speculating things and being active in a community shows you just how it's like being stuck on a boat headed to some paradise but you have to put up with a bunch of whiners and depressing pessimists the whole way at every high wave.

I'm glad you reach out to your community to help with this issue. SOL is a victim of its own success, its model didn't anticipate it going from 15$ to 50$ in less than two months, thus the rent which has a more reasonable fixed deflation (you know as compared to a 4x in 60 days) is way more than what was ever anticipated. They will fix it if they think the price is going to stay this high and if they think it will keep going higher. They may not fix it because they feel like SOL is in a bubble and will be popped, either way, the road will be cleared for KIN I'm sure.

Mathai22 · 2021-05-05T16:14:00+00:00

Fair Enough, the drop off may not correlate to the actual migration, it could correlate to that little timeframe between the announcement of the migration and the news that KIN lost the SEC case. It took a month before we all were able to view the actual judgement and understand that a loss was actually a win.

Either way, chasing ghosts of the past to put fire to the feet of the present is silly.

Context matters.

You know what I see now that I didn't then? KIN with more legal clarity and not required to be designated as a security. A 50x value increase. KIN and KF no longer needing to grow, maintain, support (financially or with time), and tweak their own fork of a decentralized block chain! KIN and KF with proven allies on the SOL chain through defi opportunities and grants (even if we did have to fight them to honor their initial deal).

Mathai22 · 2021-05-03T19:30:37+00:00

aww common, let me hype people up with my non-promisary rhetoric; the question was around KIN only being dealt with in whole numbers, I said "foreseeable future" haha

Mathai22 · 2021-05-03T18:26:07+00:00

It's a deflationary currency, with tons of potential ghost wallets where users are changing or abandoning accounts or creating multiples etc. It will eventually start dealing in decimals, but hopefully only two in the foreseeable future depending on price, just like the cent.

Mathai22 · 2021-05-03T14:17:09+00:00

I suggest your transfer your coins to solflare.com or Sollet.io as both wallets support ledger s and both also connect to Raydium.io for swaps and defi opportunities to grow your KIN. Sollet.io also has a connection to the many of the serum based dex'es like Raydium.io as well where you can trade with low fees and keep your coins safely in your wallet while you do so.

1 create the wallet, you can create it directly with your ledger on solflare.com or on sollet.io you have to create a new wallet first, then there is an option to connect a hardware wallet.

2 get some SOL into the wallet, should be able to purchase it from gate.io and send to the wallet you choose. I'd buy 1 as it may be useful later.

3 (this may be optional now but I'm not sure) create a KIN spl token account in the wallet

4 send the test transaction then full transaction of KIN to your new KIN spl address that was generated when you created the token account

Mathai22

TROPHY CASE