

I have major position in KIN - The token being produced by the messenger company KIK. Ted talked about exchanges, blockchain migration, and how Kin might be received in the Apple App Store. Also, Kin is one of the first Cryptocurrencies to be migrated on two blockchains ETH & XML. I'm posting the video with Ted Livingston from his recent AMA. I'm also going to clip broad strokes from the Medium article about this AMA. Enjoy the Knowledge!

Ted Livington CEO of KIK

Clipping some Quotes from the Video below:

Token Management:

“Another [piece] we’re building out is getting partners in place not just to build digital services, but also to build all the complimentary pieces to make the ecosystem work. One of those is exchanges for developers — making it really easy for them to not just manage their own Kin from the reward engine, but to also have the option for someone else to manage it for them.”

Taxation:

“Tax is something we’ve spent a lot of time looking at and working on, with people from KPMG and all over the world contributing to how we make the tax side of this work for developers as individuals… it’s something we’re paying attention to and making sure we’re doing in a tax efficient way.”

Ethereum & Stellar:

“Ethereum is really plugged into the crypto market. Exchanges, wallets, hardware wallets… that whole ecosystem and infrastructure arounds tokens for crypto [participants] is all built out and very mature [on Ethereum]. But what Ethereum is not great at is high scale transactions with low fees and low confirmation times, and that’s something Stellar is good at.”

“With Stellar we can do way more transactions with way faster confirmation times and several orders of magnitude lower transaction fees. But, Stellar is not plugged into exchanges and wallets; it’s missing all these other pieces.”

“We looked at this and said…

How could we use both in a very simple way?’ By and large, we can keep these running in two different networks, and support each better by combining these two systems.”“How we make this really simple is that the digital services that consumers are going to be interacting with on a daily basis… will happen on top of Stellar, with really high scale low confirmation times. For those consumers that are earning more, they could take that and move it over to Ethereum to put in hardware wallets or exchanges. Or, they go out and buy Kin on Ethereum and move that into the Stellar blockchain. In this way we think that we can combine for the best of each blockchain while getting rid of the disadvantages.”

Those are some of the broad strokes from the video, I find KIN interesting and the potentioal is huge, take a look for yourself. I'm interested in what others think? Cheers!

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