Kin a Cryptocurrency built on Rewards Points
The hope of Kin is to create something like a Blue Chip stamp program for digital services and products. The program will operate through the Ethereum blockchain and utilize an ERC20 protocol (Ethereum-compatible) cryptocurrency called KIN.
Rewards Points can generate tremendous amounts of value; Warren Buffett used a defunct loyalty points scheme called the Blue Chip Stamp Company to build his Berkshire Hathaway (NYSE: BRK.H) empire. Starbucks (NASDAQ: SBUX) to make its payment app the most used digital wallet in the United States with 23.4 million users, eMarketer estimated.
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