The developers of the messaging application Kik and the crypto currency Kin have decided to make an economic effort to demonstrate that virtual currencies can help your company to create and monetize digital economies.
Through the Kin Development Program, they have begun accepting applications from programmers who are willing to create and maintain applications within the Kin ecosystem in the next 6 months. A maximum of 25 developers will be reached and each will be paid up to $116,000 in a combination of Kin tokens and dollars. Developers should create applications based on the Kin ecosystem that help users use the Kin token in a more natural way.
Ted Livingston, Ceo de Kin and Kik, said that so far the developers of their project have not been able to focus the crypto currency to the end user because it has not been able to integrate into applications and platforms that are easy and simple to use. The goal of the Program is precisely to create solutions so that users can use the currency in their daily lives.
In order for developers to obtain the full 116 thousand dollars, it is necessary that the application created be used by at least 50 thousand virtual purses before April 1, 2019. Likewise, developers will earn rewards for complying with different references that are proposed in the Program.
In its ICO stage, Kik raised the amount of 98 million dollars and is using the money it raised to achieve a development and adoption of the currency massively worldwide.
Other tokens and currencies that invest in themselves
Kik is not the only one who allocates part of his money for the development of projects that help to a greater adoption and use of his token, we have already been able to find other cases that have done the same.
EOS, one of the ICOs that has raised the most money in history with an amount greater than 4 billion dollars, has put more than 1 billion dollars to promote the development of the EOS platform.
Ripple Inc. has also implemented a $300 million program to encourage financial service companies to include their tokens in their operations.
The Dash and SmartCash crypto coins, which operate like a DAO, use their treasury money to create communities around the world that spread the benefits of using their respective currencies in the daily economy. They also fund projects that help develop their currencies to a higher technological level.