Another great AMA wrapped up today and I took a little time to give a quick recap on Ted’s answers. These are my own words so please watch the video at the end of the article for full context =)

Q1: Recently there have been some developments regarding Apple regulations (clause V) stating that apps can’t offer ‘currency’ for completing tasks. BAT has become an approved cryptocurrency for use on iOS, do you think Kin will be able to as well?

From Ted’s interpretation this is a broad bucket to prevent “spammy or manipulative behavior”. He feels as though this is a guideline and they will be working with apple to make sure they do everything they can to follow these guidelines so that KIN can be used within the app store.

Q2: How will your early partners obtain the Kin that they pay out to users? Are they being offered seed Kin at no cost, or buying over the counter from Kik, or expected to buy from a non-liquid exchange?

According to Ted, “at the end of the day, someone has to pay for KIN, you can’t just give away money for free, but at the same time we want to make it as frictionless as possible.” It sounds like in the early stages users can earn KIN for doing some tasks such as filling out a survey, and developers will be earn KIN for integrating in the application. How this will progress in the future has been previously discussed, but not fully in depth.

Q3: We know that the Stellar consensus protocol can scale to thousands of transactions per second on paper and in private tests… but there must be a good reason Stellar limits their live network to 10 transactions per second. How will the Kin blockchain be able to reach consumer scale when similar networks can’t?

Stellar addressed this and said that 10 tx per second was an arbitrary number because so far no one has reached the need for anything higher but KIN has already proven this by reaching 20 tx per second. Soon they believe they will reach 50 tx per second. Ted and the team believe they will be able to reach consumer scale easily with Stellar. Even at 50 tx per second out of the gate it makes KIN the most used cryptocurrency in the world.

Q4: When Kinit reaches general availability, KIN will be directly correlated to a set fiat value (ex. $5 Amazon Card = 5,000 KIN). This correlated value will either set the market or corroborate the existing. Despite KIN’s careless regard for fiat conversion rates on a go-forward basis, an initial valuation method will still need to be chosen for Kinit’s launch. On that glorious day, will the Gift Card/KIN exchange rate be determined by KIN’s market price? If not, what other system or logic will be applied?

The answer to this was very anticipated by the community, and it was explained that KIN will be setting an initial value for things such as gift cards. This will immediately give users of the KIK application an understanding of how valuable their KIN actually are. This will help with price stabilization amongst other things. If the KIN aren’t actually worth the full value of the gift card, KIN will subsidize the final cost of the item until eventually the price reaches the actual value.

It’s going to be very interesting to see how this works, and we’re all very excited for what’s to come.

Q5: By eliminating transaction fees, you make a blockchain much more vulnerable to spam attacks. You mentioned you’ve been in the anti-spam business for a decade, and I understand this might be part of your secret sauce… but what specific techniques will Kin use that improve upon existing solutions?

There were multiple points made during this, and one major point being that there has to be financial gain for people to spam the network. So if you spend more than you make, then it’s basically pointless and people are less likely to do it.

The next part of this is that there could always be bad actors that don’t care about the cost, and are only out to take down the network. In this case, KIN has a plan to charge these bad actors higher fees, while the other 99% pay no fees. The detail behind this was not talked about, but most likely this is done to prevent another blockchain from duplicating their strategy.

Q6: Congratulations on scoring IMVU! How soon until we see KIN integrated into the app? And can you give us some examples of how KIK and IMVU will complement each other and drive demand for KIN, as well as each others apps?

In terms of the timeline for integration, Ted held strong on the fact that KIN will not be setting these sorts of expectations but will be working as fast as possible to give the best possible experience. Now that they have a template for KIK, they feel confident that helping other large companies integrate will be seamless.

Ted also made mention to how KIK and IMVU will work well and incentivizing each other to work together and share in the economy. They will “reinforce” each other”. Ted sees this as the best way to become the most used cryptocurrency in the world.

It was also discussed that Facebook will NO DOUBT attempt to copy KIN, but this time all these companies and developers can band together against the powers that be and “compete as one”. This seems to be one of KINs biggest priorities.

Q7: In the last month you and kik were the target of some attacks from crypto OG’s Fluffy the lead dev at Monero, Tone Vays , jackson palmer the founder of doge and others expressed doubts about kin as a project and about the blockchain model kin wants to work with(stellar fork without fees). What is your message for the community as some members might be confused by such statements. A lot of holders are simple guys with basic understading and we rely on them to be here in the long run also. Building in the crypto space is like walking on wire and the wire is the community trust.

Ted and KIN know they have a contrarian view about cryptocurrency, but they fully believe their view to be correct. They believe that many narratives are not true, and will ultimately fail. They know it will cause people to doubt them, but want to continue to be honest about their feelings. There is not a single cryptocurrency that is being used out there by 10s of thousands of users as a medium of exchange. It’s mainly a store of value. At the end of the day, if Ted and his team are correct, they will be on record as being the frontrunner in this form of thought.

Q8: Hi Ted, how close are we to the secret sauce and in which stage you guys will reveal it?

This is something we’ve all been waiting to hear, and the answer might not sit well with a lot of the community. The expectation was that this was going to be one big thing, but according to Ted, the secret sauce is many things. Things that they discover about where the future is going. They want to hold 2% of their ideas back in order to keep their competitive edge and to prevent KIN from being copied and crushed. He did however, let us know that are were really close =) He was very excited when discussing this, but we were all still left sitting on the edge of our seats.

Q9: With the recent discussions between the KIN and KIK teams in Tel Aviv, can you share with us a firm road map of timelines, launches, and important milestones?

Short answer. No.

Long answer, he does not believe they can give meaningful answers to this because the amount of unknowns. They want to be clear with their goals, but not set expectations.

They have 3 goals:

Scalable Blockchain (almost complete) KIN/KIK Integration (teams working around the clock to complete this) Rapidly Expand The Kin Ecosystem (Partner Integration)

Ted does pose the question of whether other blockchains are beating KIN in any of these 3 goals. The answer to all 3, is “not that I know of”, and I agree.

All in all I believe this was a very informative AMA and I suggest you watch the video to get the full context of the questions and answers.

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