Kin Newsletter: June Edition

June 2020 The Kin Ecosystem is seeing increased momentum as developers pitch in and contribute new developments at an increasing rate. The past month has been packed with achievements and news from participants on all sides.   The Kin Foundation released its first transparency report, showing a greater commitment to transparency and fairness. The Transparency Report gives a complete view of the activities of the Kin Foundation, including the allocation of the Kin Reserves, and the progress against strategic initiatives.   The June Economy Report was also released this week, which shows the continued growth and vibrancy of the Kin Economy. As developers have begun to put their heads together to generate real consumer demand, the metrics have reflected a stable upward trajectory as a result.    The Kin Foundation also held another collaborative Board meeting with participation from a Kin Representative. The process for expanding the Kin Representative program further and a number of community proposals were discussed at the meeting. You can find a summary in this month's Kin Foundation Minute section below.   In other news, Kik Inc. has put forth a proposal to the Kin Ecosystem for a migration to the Solana Blockchain. This proposal is the result of months of research and addresses key issues that Kin needs to solve in order to achieve a billion users and beyond.   There's also been progress on core development tools. Developers can now find brand new mobile SDKs to integrate Kin into their applications. With a future-proofing mindset, these new SDKs are meant to be easy to upgrade to, and easy to update in the future while maintaining compatibility with the latest infrastructure.    The Kin Ecosystem has seen a lot of good progress over the last month so there's a lot to keep up with. Let's jump in!   Newsletter Contents Kin Foundation Transparency Report Kin Economy Report: June 2020 Kin Foundation Minute: Brief Summary of Latest Kin Foundation Meeting Kik Proposes Move to Solana 2020 SDK Update Kin Foundation Transparency Report The Kin Foundation has teamed up with Messari Inc. to provide regular disclosures on their operations and the status of the Kin Reserves. When setting out on this new endeavor, the Kin Foundation aimed to accomplish three objectives:   Provide transparency into operations and governance Report on Kin Reserve allocations and budgets Lead the charge in responsible disclosures The Kin Foundation has shown the world how to put its best foot forward by creating a new standard for voluntary disclosures in the cryptocurrency industry, outlining exactly how Kin Reserves are allocated, and budgets calculated. The Kin Foundation is not under any obligation to provide this information, but believed that it was the right thing to do as a non-profit dedicated to fostering the Kin Economy. The Transparency Report was published in partnership with Messari, who also provided key input on feedback for early drafts.    You can find and learn more about the Kin Foundation Transparency Report here: Kin Foundation Teams Up with Messari for Annual Disclosures Monthly Updates on Key Economic Metrics Last month, the Kin Foundation adopted new metrics to measure its own effectiveness in allocating the Kin Reserves, and began sharing those metrics with the public on a regular basis. This is important for developers in the Kin Ecosystem because they are all aligned by the same thing - the growth of the Kin Economy.  This month the data confirmed what we hoped to be true - the growth of the Kin Economy is sustaining. Rather than seeing a one-off spike around the time of the KRE 2.0 implementation, we are seeing consistently positive trends across the board. As developers continue to invest more resources into growing economic activity and generating consumer demand in their applications, we should see continued confirmation of this upward trend. You can read the Kin Economy Report for June 2020 here: Kin Economy Report: June 2020 Brief Summary of Latest Kin Foundation Board Meeting A Kin Foundation board meeting was held May 19, 2020 and was attended by representatives of Kik Interactive Inc. and the first Kin Representative.  At the meeting, the Board received:   A recommendation to sanction an app for a violation of the KRE Guidelines by withholding a KRE payment A proposal to set aside a special KRE payout for Exchanges submitted by WeviNest Several recommendations regarding KRE improvements submitted by Kik Inc., throwawayburros, l-hendriks, and Polype01 that are currently available on Github.   The Board and the Kin Representative also engaged in a robust discussion regarding the selection process for the second Kin Representative, for which the Foundation has received 19 applications. The Board is continuing to consider the applications and whether to implement a voting process by which Kin holders could express their support for one or more of the candidates, but is committed to moving forward and expanding governance of the Foundation. No action was taken at the meeting with respect to these proposals and recommendations, but were tabled for further discussion. The next Kin Foundation Board meeting is scheduled for June 15, 2020.   Kik Proposes Migration to Solana Kik has submitted a new Kin Improvement Proposal. This proposal aims to upgrade the technical infrastructure of Kin via Solana. Read more here.   2020 SDK Update The Kik Engineering team has announced a brand new set of mobile SDKs for Android and iOS to access the Kin blockchain. Read more here.   Madlipz Integrates Kin Ads - via BetaKit Tech outlet BetaKit recently highlighted the launch of Kin Ads and integration by Madlipz. Read more here. Cuppa Kin Issue #2: June 2020 The latest issue of the community e-magazine is out. Submit questions for a Solana AMA, complete a Kin crossword puzzle, and more. Read more here.

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