WATERLOO, Ontario, Aug. 23, 2018 /PRNewswire/ -- The Kin Ecosystem Foundation, the nonprofit governance organization for the cryptocurrency Kin, announced today that William Mougayar, a leading cryptocurrency expert, has joined its Board of Directors. Mougayar will leverage his expertise to advise the foundation on matters relating to the ecosystem, including development of the Kin Rewards Engine, membership, and securing the ecosystem against external risks.
Mougayar is an active investor, researcher, blogger, author of the best-seller The Business Blockchain, founder of The Token Summit conference, and manager of WMX, a cryptocurrency index fund. He is a known authority on and a direct participant in the crypto-technology market and more recently, planning to become the managing partner of a blockchain division at Geneva-based Jabre Capital Partners. Mougayar is an advisor or board member to some of the world's leading blockchain organizations, including the Ethereum Foundation (former advisor), OpenBazaar, Coin Center, Steem, Stratumn, Cofound.it and Bloq. He was also an advisor for the Kin token distribution event.
"I am thrilled for William to join the foundation's Board of Directors," said Ted Livingston, Founder and CEO of Kik and Kin, and Kin Ecosystem Foundation board member. "As we work towards making Kin the most used cryptocurrency in the world, the foundation and the Kin Ecosystem will directly benefit from his wealth of knowledge, as he continues to be on the cutting edge of the blockchain industry."
"I have been involved with Kin since the early stages of the project in 2017, as it continues along the path to become the cryptocurrency for consumer apps," said Mougayar. "Kin has a unique value proposition, as it unlocks new growth and monetization strategies for developers, and based on its first integrations, I truly believe that Kin will drive mainstream consumer adoption of cryptocurrency."
The foundation's principal functions include open governance of its resources, together with other ecosystem partners, the support and advancement of technology related to Kin's implementation and all matters related to the ecosystem, including the Kin Rewards Engine. In the long-term, the foundation will fund research and development efforts to support an autonomous reward mechanism that is secure against economic vulnerabilities and gaming, with all transactions accounted in a fully decentralized way.
For more information, please visit https://kinecosystem.org.
About Kin Ecosystem Foundation
The Kin Ecosystem Foundation is a Canadian nonprofit corporation established for the governance of the cryptocurrency Kin and is tasked with growing an open ecosystem of digital services. The foundation will oversee the Kin Ecosystem on matters, including development of the Kin Rewards Engine, membership, security, and the ecosystem's transition to a fully decentralized model. For more information, please visit http://kinecosystem.org.
Kik Interactive, Inc.
SOURCE Kin Ecosystem Foundation