$3 Million will be Used to Create 25 Trading Floors where Kik Messenger Token will be Placed
Last year, one of the largest ICO projects, Kik Messenger was able to attract $98 million. To start promoting the digital market around its code, the company announced that it will allocate $3 million in fiat and cryptocurrencies to attract developers to create 25 trading floors.
But while the Kik app is a natural place to host such markets, projects don't have to be built there per se, according to the newly released terms of the Kin Developer Program.
The initiative allows "financially incentivizes developers to create natively with kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world". This is what the CEO of Kik, Ted Livingston, said.
Developers have a chance to earn as much as $115,000 provided they meet three key milestones for their app by April 2019. For each stage you can get a reward.
According to available information, the deadline for applications for participation in the competition is 10 August. It is known that payments will be made through payments from the Kin Rewards Engine (KRE), which hasn't yet been created. Nevertheless, instead of waiting for KRE to be created, the fund will create another funding system.
Ted Livingston repeatedly stated that for the success of their projects, it is necessary to achieve certain tasks. First of all, you need a scalable blockchain. It is also necessary to develop their own ecosystem.