Kin Foundation welcomes crypto expert William Mougayar to Board of Directors

The Kin Ecosystem Foundation, which oversees the cryptocurrency developed by the chat platform Kik, has announced that crypto expert William Mougayar has joined its Board of Directors.

Kik Interactive, the Canadian company behind Kik, last year raised nearly US$100 million in the Kin token distribution event (TDE).

Mougayar, who was an advisor for the Kin token distribution event, will advise the foundation on matters relating to the ecosystem, including development of the Kin Rewards Engine, membership, and securing the ecosystem against external risks.

"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."

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 advisor or board member to some of the leading blockchain organizations, including the Ethereum Foundation (former advisor), OpenBazaar, Coin Center, Steem, Stratumn, Cofound.it and Bloq. Mougayar is also planning to become the managing partner of a blockchain division at Geneva-based Jabre Capital Partners.

"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.”

Last month, Kin Foundation announced a $3 million developer program aimed at taking the “Kin economy” forward. In a blog post dated August 15, it announced that it has accepted 40 developers into the first stage of the Kin Developer Program.

More recently, Kinit – the first publicly available app dedicated to Kin, one of the top 100 cryptocurrencies by market cap – was released on the iOS App Store. The app was released in Google Play for Android users last month.