Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Paglamon on May 24, 2020, 12:44:24 PM

Title: Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana
Post by: Paglamon on May 24, 2020, 12:44:24 PM

To recap, the mobile app company Kik ran a $98 million initial coin offering (ICO) for kin in 2017, which was made on the Ethereum blockchain. Then the company said that it would use Ethereum for security and Stellar for transactions. Then it forked Stellar and ran its own chain. Now that’s proving to be inadequate so the cryptocurrency will port over to Solana in a matter of months, pending adequate support from app developers in the Kin ecosystem.
Source: https://www.coindesk.com/fed-up-with-its-fork-of-stellar-kin-is-looking-to-move-onto-solana

Title: Re: Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana
Post by: kent47400 on May 31, 2020, 08:31:31 AM

If the principle is like this then the businessman does not have a firm personality because from the start it was fickle in terms of selecting platforms for the coins.
First KIN chose to be in the Ethereum chain and then moved to the Stellar chain and finally stood on its own chain but failed and did not have a strong community.

Maybe with KIN lessons like this it can be concluded if you set up the company in the beginning have to find a platform that is really good.