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One company is attempting to bring cryptocurrency to young people.
Your Kid's on Kik, Now What? - iMom
Popular social media network, Kik, is launching its own cryptocurrency, Kin. Kik and Anonymity Kik claims to have over million registered users, of which there are 15 million active monthly users. Estimates put the number of U. Some 57 percent of the active user base comprises the toyears-old bracket.
Your Kid’s on Kik, Now What?
Kik is one of the latest texting apps teens are using — and this is what parents need to know! You can register for Kik using a fake email address, a fake name, and birthdate showing an age over In addition, Kik cannot or refuses too locate accounts using just a first and last name.
Where parents have requested remote device viewing to check in on their teenagers, Kik obscures all messages. Kik Points and Cryptocurrency One major challenge each social media network faces is monetization. How can you monetize a platform that users freely enjoy taking advantage of? Kik has long had advertisements. But duringit took a gamble on the introduction of an internal virtual currency, called Kik Points.
To earn points, the user had to watch or view a small targeted advert, or play a branded game. Users spent their accumulated points on special emojis and stickers, unique to the Kik platform. The success of Kik Points seems to have spurred Kik onto greater things. So much so that in earlythey announced the development of a new cryptocurrency: Kin could make a serious difference.
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Being integrated into the Kik platform, with its millions of users, will see a sharp uptake in consumer adoption. Furthermore, teenagers can drive trends.
If the native support for Kin encourages more teens to use Kik, you can guarantee parents will follow suit. How Will Kin Work? Kin has a broad mission statement, but focuses around one central theme: Furthermore, Kik users will be able to send Kin to one another, much the same as other currencies using other payment apps. Kik, in conjunction with the overseeing Kin Foundation, plans to release small amounts of Kin to the public at certain as yet unspecified times.
The majority of the Kin cryptocurrency will be held in reserve for the Kin Rewards Engine. The Kin Rewards Engine is a core ecosystem concept. Business and other digital services using the Kin Ecosystem will receive periodic rewards for their support.
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The incentives will assist with the rapid development and expansion of the cryptocurrency, in turn adding value. The proportion of Kin distributed to services will relate to their utilization of the cryptocurrency.
The introduction of a cryptocurrency essentially marketed toward teenagers is interesting. The Kin initial coin offering ICO — an initial product sale for cryptocurrencies attracted a significant amount of interest 98 million dollars of it.
But this was because crypto-enthusiasts sense an opportunity for short-term profits once Kin hits cryptocurrency exchanges. The real question is what purpose does this serve the teenagers and young adults meant to use it? Well, Kik envisages Kin as the monetization method of choice for popular Kik users. Celebrities can create exclusive VIP hangouts, using Kin as the payment entry method. For those who simply choose to browse, Whisper can be amusing, heartbreaking, troubling, and comforting all at once.
The scenarios can be hard to stomach. Reading that a teacher has fantasies about his or her students or that someone's father is going to be released from jail and start a custody battle can weigh heavily on teens. Some confessions, however, are totally benign and funny! There's plenty of inappropriate content. All too often, Whispers are sexual. Some use Whisper to solicit others for sex using the app's geo-location "nearby" feature. Whispers can go public. When secrets -- including the embellished or fake ones -- become news, we may begin to find ourselves in tabloid territory.
A geographically based anonymous-chat app that lets users send photos and texts to people near their location. Teens want to connect with people already in their communities, and Yik Yak delivers on that desire.
They can reference teachers and other students, and it's likely that other users will know who they're talking about. Because it's anonymous, teens can feel free to be totally candid.
Yik Yak has been at the heart of many controversies and news stories because people have used it to make violent threats against other people and institutions. For the most part, the culture is crass and rude; people don't often go on Yik Yak to make others feel good about themselves.
If a teen posts that he's going to commit an act of violence, anonymity can fizzle quickly. The developers have to comply with law enforcement, so kids can get into real legal trouble if they vent what they feel are idle threats. The best way to approach these apps with your kids? Acknowledge that, chances are, they'll come across extreme, inappropriate, or hurtful content online … and that it's OK for them to ask you about it, especially if it upsets them.
These kinds of conversations will be far from fleeting -- the benefits will last a lifetime. Temporary Apps Temporary apps allow people to send messages and images that self-destruct after a set time window. Teens can use these apps to more carefully manage their digital trails -- so long as they don't share things they wouldn't normally send otherwise. A messaging app that erases messages after a set period of time.
Its text-only platform, plus its unique display system that reveals only one word at a time, make it feel more secretive than similar apps.
It promises a complete delete. Anyone can receive a Burn Note. If you don't have the app, you'll get a link to a Burn Note message. It could encourage cyberbullying. A multifaceted text, video, and voice-messaging app that also integrates social media elements such as games and group chats.
A messaging app that lets users put a time limit on the pictures and videos they send before they disappear. And that's what most teens use it for: Whenever anything is sent online, it never truly goes away.