Yesterday (May 23, 2018), a member of the KIN community released a progress update. The update contained information regarding multiple topics such as Blockchain Developments, Ecosystem & SDK’s as well as the Standalone Kinit app.

First up, they made mention to their “successful” Blockchain Hackathon where companies were tasked with integrating KIN into their applications. I watched a video of one of these teams and was very impressed by how quickly they were able to do this.

Next part of the update was about KINs creation of their very own TestNet Environment. Why not use Stellar’s TestNet? According to this update “We found a few issues and experienced an unstable environment when scale — testing on Stellar”. Currently the latest KIK android app version is pointing to this newly created TestNet and they already have some numbers for us.

The latest Kik’s Android client version now points out to the private test net. Some current numbers and data:

Total of 23,210 unique accounts. All users are now on the private test net, from now will be referred to as the Kin Blockchain.

Peak daily transactions: ~470,000

Peak hourly transactions: ~30,000

Peak transactions per second: ~8.3

Total transactions count: 7,058,616

Successful transactions: 98% under 10 seconds

Moving forward, our goal is scaling. We will increase the number of users on the test to reach Stellar’s highest bar (10 transactions per second). Another goal is to reach 1M transactions a day.

Not too shabby, eh?

Next up on the update is the stand-alone Kinit App. If you’re unfamiliar you can read a little more about this Kin ecosystem (a place where all of Kin’s functionalities can be explored) HERE. According to the update, the “beta app test phase 1” is almost complete and “the usage rates are much higher in comparison to other apps”. Here are some insights from their testing:

The users love the tasks. For example — 92% of users completed 2 tasks and over 75% completed 10 tasks.

Looks like the strategy to have one-two tasks per day has proved itself. The majority of users prefer doing one or two, feeling “it keeps them more engaged”.

50% of those who earned enough Kin actually went ahead and made a purchase, while 84% of the others waited for other spend opportunities. Only 14% wanted to hold the Kin.

Users feel the app is innovative, fair and fun

Again, all good things from the sounds of it. Obviously there is a lot more to learn, but it’s a wonderful start and we’re all very excited to hear it.

Some final notes on the Kinit App are:

Moving forward, the team will be adding earn opportunities such as ‘do good’, ‘play a game’, ‘create content’, as well as spend opportunities like a donation, digital assets, and tipping content.

such as ‘do good’, ‘play a game’, ‘create content’, as well as like a donation, digital assets, and tipping content. Also moving forward, the private beta will continue with some new content experiments and later on — public beta with the intention of reaching a high volume of monthly active users.

The final portion of the update is related to the Ecosystem and SDK. They’ve release the spec for the JWT and process documentation for on-boarding new partners. I think it’s wonderful that they are giving us the inside scoop on how this will actually work! Below are a few more bullets taken directly from the update:

JWT (JSON Web Token) spec is live and can be found here. Here is the helper for partners to create the JWT and implement the SDK’s

(JSON Web Token) spec is live and can be found here. Here is the helper for partners to create the JWT and implement the SDK’s Digital Service onboarding — process documentation is in the works and can be found here. This documentation is (mostly) for the use of our partners, but you are more than welcome to take a look and learn about our work with them.

is in the works and can be found here. This documentation is (mostly) for the use of our partners, but you are more than welcome to take a look and learn about our work with them. Digital services and partners can now create a native spend offer in their app. See the info here.

Finally, the update wraps up talking about the KIK integration. There is no hard date set for this but the team is preparing for a visit to TLV in June. The purpose of the trip is to work on every thing from timelines to roadmaps.

We’re all very excited to get such a detailed update. Lots more to come in the near future. If you’d like to read the full detailed update you can view it HERE.

As always, thanks for reading. I’m Crypto KIN. Follow me on twitter @ http://www.twitter.com/CryptoKin_