Kin (KIN) is a cryptocurrency token and operates on the the Ethereum platform. Kin has a current supply of10,000,000,000,000 KIN with 756,097,560,976 KIN in circulation. The last known price of Kin is $0.000023 USD and is down 1.37% over the last 24 hours. It is currently trading on 26 active market(s) with $219,526 USD traded over the last 24 hours. More information can be found at http://kinecosystem.org/.
How does KIN work
KIN is a general-purpose cryptocurrency for use in Kik’s everyday digital services. You might use KIN to tip someone that posts a joke, to buy pizza with an in-app pizzabot or simply send it to someone as a birthday present.
Or you might use it to amplify your own messages to reach a wider audience, to access or create VIP groups, reveal premium content or anything else you can think of.
According to the Kin Ecosystem Foundation, the currency is “designed specifically to bring people together in a new shared economy and will serve as the foundation for a decentralised ecosystem of digital services”. Kik is the first app to accept KIN, with the KIN Wallet natively integrated into Kik.
Best 2 Wallet For Storing Kin
1. Ledger Nano S (hardware wallet)
Hardware wallets provide offline storage for your private keys and represent the highest level of security for your crypto holdings. The Ledger Nano S is a hardware wallet that connects to your computer via USB and features a built-in OLED display.
Along with the buttons on the device, you will use this screen to manually verify each and every transaction. Your private keys are protected on the Nano S by a secure PIN, 2-factor authentication is supported, and your accounts are backed up on a recovery sheet.
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2. Desktop Wallets
You can download and install these on your computer. They will only work and be accessible on this single computer. They are among the most secure wallets, unless your computer gets hacked or attacked by a virus. The best desktop MOAC wallets are Ledger Nano S, MetaMask, Blockchain wallet.
Tips for securely storing your Mainframe
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
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