FREQUENTLY ASKED QUESTIONS
The KinFit Team is here to help!
WHAT DOES KINFIT DO FOR ME?
KinFit uses your phone and connected devices to record the number of steps you take each day, and then uses those steps to interact with the Kin Blockchain.
The exact mathematical method by which your steps are rewarded is a closely held secret, but at the end of each day, you are rewarded for your steps with Kin, a widely-used cryptocurrency.
There are more details below, but the basics are this: the more you walk, the more Kin you earn. There are bonuses for reaching milestones and for walking a certain amount for multiple, consecutive days.
WHAT IS KIN? WHAT CAN I DO WITH IT?
Kin is a cryptocurrency designed and built by the Kin Foundation, a nonprofit group dedicated to the growth and advancement of the Kin Ecosystem. The entire project was started by Ted Livingston, the CEO and entrepreneur behind Kik Messenger.
Kin is an actual currency, and the Kin you earn in the KinFit app can be spent on a wide array of goods and services, and in the near future, you will be able to convert it other currencies, such as the Dollar, the Euro or the Yen.
Because of this, your steps are valuable! We are going to reward you for every step you take.
HOW CAN YOU AFFORD TO PAY ME FOR WALKING?
KinFit is an app in the Kin Ecosystem of apps that rewards users for their attention and actions within the ecosystem. It's complicated system that has taken years to design, implement and perfect, but to put it simply, here's how it works:
You may have heard about Bitcoin (the very first cryptocurrency) and Bitcoin "mining," which is a mathematical way for entrepreneurs to create value by doing computational work on the Bitcoin blockchain. In a similar concept, KinFit, in coordination with the Kin Foundation, has developed a method to "mine" Kin cryptocurrency, using the your steps and the Kin Rewards Engine (KRE), on the Kin Blockchain.
Your steps are relayed to the Kin Blockchain, and are then used by the KRE to reward Kin to the users of KinFit for their steps, and to KinFit itself.
So, by walking with KinFit, you create value for yourself, and for the KinFit Team. It's a win-win! Don't forget that by walking more, you'll also lower your chances of cardiovascular disease, cancer, stroke and diabetes! Also, on average, with every hour you walk, research shows that you might extend your life by nearly two hours.
What's more, we pay you to do it. If that's not the deal of a lifetime, we don't know what is!
HOW DO I USE KIN ONCE I'VE EARNED IT?
Kin can be spent in a number of ways, and since KinFit is just starting out, you can expect those spending opportunities to increase in the future.
Check out the gift carts available in the app, and look for the options we offer to increase your earned Kin by purchasing the Doubler. Gift cards from Nike, LuluLemon, Garmin, Amazon, Starbucks and many other retailers will be available to be purchased with the Kin you earn by walking in KinFit.
In the near future, you'll also be able to use your Kin to join virtual road races, Walk-A-Thons to benefit charities, and to encourage your friends to walk more by tipping and setting shared goals.
HOW DO I GET KINFIT?
Right here! KinFit for Android and iOS are available in the Google Play store and the App Store, respectively.
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