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7 Days To Vote: Update CoinMarketCap Information For Kin
u/KinShipsNFT
• 7 Days To Vote: Update CoinMarketCap Information For Kin
Ecosystem Member Update
https://preview.redd.it/7-days-to-vote-update-coinmarketcap-information-for-kin-v0-mfnht77w33wc1.jpg?width=1200&format=pjpg&auto=webp&s=79b45b87dc93fa5b15cf93fb6c90fc8f8aafa4f7

I am making a proposal to the Kin community to update important information about Kin on the CoinMarketCap website.

Kin is decentralized. No single entity or individual speaks for Kin. We are all Kin. Approving this proposal will establish community consensus. Once we establish consensus, we can approach the CMC team to make the changes for the Kin community. Follow the voting instructions at the end of this post.

  • Update Links:

  1. Remove all official links. Kin is now fully decentralized and there is no official website. The current link to the white paper leads users to the dormant Kin Foundation website. Also, the link to the Github repository is dormant and no longer relevant. Linking to inactive domains gives the impression that the project is no longer active.

  2. Remove link to Kinscan in Network information/Chain explorer menu. The Kinscan website is no longer active and the link is dormant. Linking to inactive domains gives the impression that the project is no longer active.

  3. Remove X/Twitter link. Kin is now fully decentralized and there is no longer an active official account on X. The linked account was previously administered by the Kin Foundation prior to their dissolution. Linking to an inactive social profile gives the impression the project is no longer active.

  4. Replace Telegram link. The group currently linked has been abandoned. Replace the link to direct users to the new group. The new group is very active and has been growing quickly. The founder of Kin, Ted Livingston, as well as multiple developers including the Code team are in the chat and provide frequent updates to the community. Here is the link: (https:// t. me/ KinCryptoTelegram). Note: Reddit does not allow me to post the link without spaces.

  5. Add Discord link. There is currently no Discord group linked on CMC. Lets add the link to the Kin Cryptocurrency server. Here is the link: (https:// discord .com /invite/ms7CasrqwE). Note: Reddit does not allow me to post the link without spaces.

  6. Add Contract address. There is currently no Kin SPL contract address listed. The contract address is: kinXdEcpDQeHPEuQnqmUgtYykqKGVFq6CeVX5iAHJq6

  • Update Description:

Kin is a decentralized cryptocurrency that enables global permissionless transactions without the need for intermediaries. The Kin cryptocurrency is noninflationary, with a fully distributed supply that can't be increased.

Kin was created in 2017 by Ted Livingston's Kik Inc. and initially launched on the Ethereum blockchain. In 2020, Kin became the first cryptocurrency to migrate to the Solana blockchain. The Solana blockchain enables Kin to efficiently scale for mainstream global adoption with near instant transactions and fees of just fractions of a penny. Additionally, Solana’s blockchain technology has 0% net carbon impact, providing a sustainable platform for the global Kin economy.

Kin is used as money in a growing economy across independent websites, apps, games, and services including Code Inc.'s global payments platform, which empowers content creators and developers to monetize with micropayments. With Code’s permissionless payment platform, creators can charge as little as $0.05 for content they create online, unlocking new revenue streams not possible with traditional payment models due to fee structures. In 2024, Code Inc. received seed round funding from top VC firms USV and M13, as well as blockchain industry leaders Anatoly Yakovenko, Raj Gokal, Balaji Srinivasan, and others.

In 2020, Kik Inc. agreed to a mutual settlement with the United States SEC, in which Kin was not required to be registered as a security, making Kin one of the few cryptocurrencies with regulatory clarity.

Kin is fully decentralized. There is no centralized entity or foundation that manages the development of the Kin economy or speaks on its behalf. Rather, Kin is supported by an autonomous independent global community of stakeholders who are economically aligned and mutually incentivized to expand Kin's utility and collectively benefit from the value created as adoption grows. We are all Kin.

  • Update Icon Image:

Update the Kin icon to the new black/white version. Kin has entered a new era and the community has been using a new color theme to represent Kin in a more authoritative and professional tone. The new icon and color theme is endorsed by the Kin founder Ted Livingston.

https://preview.redd.it/7-days-to-vote-update-coinmarketcap-information-for-kin-v0-0x6e6rg943wc1.png?width=1385&format=png&auto=webp&s=befd1774dde79b77bba9b8af7fed8dc519fe9980

  • Voting Process:

If you want to vote to approve this proposal then please send 1 KIN to:

73d9RbqWWnVAbEuJDi93gMhwjdZN1FvDkWZMRvPAvfLx

If you want to vote to reject this proposal then please send 1 KIN to:

FpPMAoGRAfEFvpFGy1Nx7XYPrtC5DiDiF6AnwiuEwuL5

Voting ends April 29th at 12 pm EST. At that point we will look at all the Kin sent to the two voting addresses and add up the Kin balance held by each sending address. Someone from the Code team will be taking a snapshot to help calculate the vote results. The vote will be token weighted, so if an address with a balance of 1,000 Kin sent 1 Kin to the support address, that 1 Kin will count for 1,000 votes supporting the proposal. If more than 50% of votes are in favor of the proposal it will be approved. Kin sent to the voting addresses will not be returned, so please only send 1 Kin. Note: Do not send Kin from the Code app because the privacy layer will not show your full balance.