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Comment by gervwyk | Hacker News Reader

Not directly related, but has anyone looked at Kin [1] recently. Besides btc and eth, they are the only guys with SEC clearance. And given that they are running on the Solana chain, as far as I understand, makes micro transactions possible. Also from a dev point of view, their weekly reward engine payouts is quite attractive! I’m really interested to hear what others think of Kin?

[1] - https://kin.org

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This is super interesting, thanks for sharing.

Cryptocurrencies and alt coins are a dime a dozen these days and it is incredibly difficult to filter through the noise.

Couldn’t agree more. I’ve tracked these guys from the start. Really solid concept behind it and the founder make a really strong commitment from the start to say that if its a currency the only thing that matters is the number of daily transactions. Which is really true if you consider the value of a currency related to the value of the network.

unfortunately they really hit a speedbump with the long ongoing SEC case, but now that it is finalized it all can really play into their advantage.

Also the fact that they have done 3 chain migrations did not do any favors, but the techs say its for the best. Would be really interested to understand why changing from Stellar to Solana is so important?

No erc20 token will gain any significant traction.

But it is not a erc20 token. They began with on erc20, then switched to Stellar, now on Solana.

2 switches has caused considerable issues for users. But seems like thing are stabilising now.

How many more switches are expected? Can they not fashion their own coin?

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