How To Choose a Crypto Exchange

The video explores Kik Messenger and its native cryptocurrency, Kin. It discusses the initial coin offering (ICO) of Kin, which raised $98 million but fell short of its $125 million target. The video highlights technical challenges faced by Kin, such as the high cost of microtransactions on Ethereum, leading to a decision to use a different codebase. Potential use cases for Kin within Kik include VIP chat groups, easy money transfers, and bot monetization. Kin aims to extend its applications beyond Kik, offering a cleaner user experience through micro payments. Despite its promising potential, Kin's future remains uncertain as it is not yet fully integrated into Kik.

What is Kik Messenger primarily compared to in the video?

• WhatsApp

• Telegram

• Facebook Messenger

• WeChat

Why was Ethereum not chosen for Kin's development?

• It was too slow for transactions

• It was too expensive for microtransactions

• It lacked security features

• It was not compatible with Kik

Which feature is NOT mentioned as a potential use case for Kin within Kik?

• VIP chat groups

• Easy money transfers

• Bot monetization

• In-app gaming

What is the main advantage of using Kin for app monetization?

• It provides free app updates

• It enhances app graphics

• It reduces the need for advertisements

• It increases app download speed

What percentage of Kin tokens is distributed through the reward system?

• 60%

• 70%

• 50%

• 40%