How To Choose a Crypto Exchange

How To Choose a Crypto Exchange

Assessment

Interactive Video

Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the functionalities that Kik Messenger aims to provide beyond messaging?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the $125 million target during the Kin ICO, and what was the outcome?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did the Kik team face when considering the Ethereum platform for their token?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Kin token plan to integrate with the Kik Messenger to enhance user experience?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the potential future of Kin as a cryptocurrency based on the current integration status with Kik.

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