Kin Ads Contributes To Net Dollars Bought (NDB) In First Purchases
Update: The Kin Ads team announces the first Kin purchases on the open market and distributed back to Kin Ad Network apps. Purchases were completed with revenue generated in the months of March, April and May 2020. Revenue was collected and paid out from our IronSource & AdMob mediation platforms and transferred to Kin trading markets.
The Kin Ad Network purchases are the first contributions to the Net Dollars Bought metric by any third party project, representing real advertiser demand for Kin. Bellow is a breakdown of Kin Purchases made by month.
March 2020: 13,434,619 KIN
April 2020: 55,152,973 KIN
May 2020: 185,511,614 KIN
Total NDB to date: 254,099,206 KIN
+236% from last month
We are encouraged by the early learnings and wins onboarding the founding Kin apps of PeerBet, MadLipz, Nearby, MonkingMe and KinFit onto The Kin Ad Network. The ecosystem has given us valuable feedback and we will continue app integrations, learning and optimizing. In the last 30 days, 5 unique apps, listed above have contributed revenue to The Kin Ad Network.
We are discovering new spends for large Kin holders
One of the most exciting things we’re exploring is how the Ad Network can help Kin Apps grow their user bases. Even more interesting, using Kin earned via the Kin Ad Network or the KRE to fuel user base growth. This will direct Kin that may have been sold on the open market, to other marketers, apps and audiences who can help them build awareness and grow. This could help fuel the growth of the Kin Ecosystem as a whole, creating an interesting network effect.
The Kin Ads team is working to bring new products to market as we explore ways Kin can be used by the Apps in the ecosystem. We encourage other teams to submit proposals to the Kin Foundation and join us in building this ecosystem.
Follow us on LinkedIn — https://www.linkedin.com/company/the-kin-ads-project
Check us out at — Kinads.org
Want to integrate next? Connect with us — marketing@kinads.org
