What is Code?
Code is a crypto wallet app that makes crypto simple to use.
What makes Code different from other crypto wallets?
The short answer is we want you to feel it for yourselves. The longer answer is that unlike other crypto wallets that focus on buying, holding, and selling, Code is designed to be used with others. It simplifies the experience and makes it easy for anyone to use it and immediately “get it”. Anecdotally, I’ve been working with translators around the world to localize Code, and so far everyone immediately “gets it” without explanation. It may seem like a simple outcome, but that in itself is powerful given how challenging other crypto wallets are to use. And these translators span a diverse set of demographics (yes, even grandparents).
Why are you building a waitlist for Code?
We want to get committed Kin holders onto Code before we roll out broadly. A waitlist enables us to build awareness early and do this in an organized way. We are getting closer but want to get the details just right before we start giving out invites. I know everyone asks about timing so I’ll just get ahead of that question. We don’t have a definitive timeline but our current goal is on the order of months. When Code is released it will be invite only and those invites will be given to those on the waitlist, so in order to secure early access to Code make sure to sign up for the waitlist.
Why the focus on getting 10 people from every country?
Good question. This is one we talked about a lot internally. There’s really two parts to it: (1) Should we focus on the total number of people on the waitlist or the number of countries represented on the waitlist?, and (2) What’s the right number to say a country is “represented” on the waitlist?
On (1), we’ve built Code to make crypto simple to use, by anyone. Code is coming to market against the backdrop of a world that is more interconnected than it’s ever been, where more people are creating value online than they ever have. Given this, we think Code can be a powerful tool for people all over the world. So as we prepare to roll out, we want to equip communities around the world to use Code and as adoption grows, fan the flame of the emergent behaviours.
On (2), there’s no exact science to the number 10. Healthy communities usually grow from a core nucleus of 7. 10 is a number that’s close to 7 with some room on the margins. We could have set this number higher, but we believe a strong community only needs a small spark, and with 10 there’s a good shot to get that spark.
Why are you planning to introduce Code country by country?
Unlike other crypto wallets that are built for individuals to speculate, Code is built to be used with others. When we roll Code out we want to equip early users to do so. Going country by country enables us to onboard new users thoughtfully and equip them well to drive adoption.
When you get Code you’re going to want to use it with others. If you have friends you think would be good early users, get them to sign up for the waitlist too. It should make for a fun experience.
Waitlist sign up: getcode.com
We also want to make sure that the Code experience is excellent for everyone, no matter where in the world you are or what language you speak. A principle we have is that everyone who uses Code should feel like it might have been built by someone in their country. That takes a lot of time, effort, and fine tuning. We’ve been working with people from all over the world to localize Code – not just translating the words, but getting the details right on how people say things colloquially, and what actions are standard/non-standard. This is more art than science and while we’re getting close, we continue to make small tweaks. Going country by country enables us to get the details right.
What should people on the waitlist expect when they get an invite?
The earliest users will get a personal onboarding experience. That might be a group or individual video call. Like I said, Code is built to be used with others, so we want to make sure that the very first users have this opportunity. And it should make for a fun experience to do that with someone from our team.
That will be tough to scale so I’m also considering equipping a group of trusted early users to run some of these onboarding calls to help us scale with demand. If you think you’d be good at this, tweet at me @tannerphilp
Why is Code Inc. set up as a not-for-profit?
Our goal with Code is to make it simple to use the Kin cryptocurrency. By making Kin simple to use there should be more people using it, which drives more demand for Kin. By setting Code Inc. up as a not-for-profit we can maintain the focus and flexibility to drive this simple goal. We believe this is the biggest win win for every holder of Kin.
How does Code make money?
Code will make money through the Kin Rewards Engine. Anything in excess of a healthy operating budget will be donated or burned. Details of those options are still TBD but health/growth of the Kin Ecosystem is what will guide this.
What is Code’s relationship to Kik?
Code and Kik are separate entities and have no formal relationship. What I do know is that Kik, as a large holder of Kin, is supportive of Code in the same way that other Kin holders are supportive of anything that helps drive demand for Kin.
What was the thought and reasoning behind the name, ‘Code’?
This will make more sense once you’ve used Code.
Will Code support multiple tokens in the future, or will it always be exclusively designed for Kin?
The only cryptocurrency in Code to start will be Kin. Other currencies may be added over time if there is a specific purpose, but for fast, cheap, and secure payments, Kin is the best option.
If Code is designed for Kin only, how do you plan on acquiring users outside of the Kin ecosystem?
Our view is that by making crypto simple to use we’ll be able to get mainstream consumers using Code. We plan to show Code to the Kin community first, and then equip all of you to show others.
For as long as I’ve been in crypto it’s been challenging to show a compelling use case for crypto. We think Code could change that.
Will Code have spend opportunities within the app, at launch or in the future?
To start, Code will be focused on making it simple to use crypto with others. That will open up opportunities for individuals, businesses, and digital platforms to use Code for payments.
As more crypto wallets begin focusing on simple UX/UI for mainstream adoption, how does Code plan to stand out from the crowd?
Simplicity. We’ve been ruthless about making things simple and getting the details right. You’ll understand more once you’ve tried it.
What’s the biggest challenge you still see?
Honestly, it may seem basic but the biggest challenge I see is a simple, reliable way to buy Kin. There’s been some good steps forward and the Kin Foundation has done a great job working with the best buy modules to make it easy for users to buy Kin, but as we’ve found in testing, every region is different and the success rates vary, a lot. Our view is that reliability is the number one priority when it comes to purchasing. There doesn’t seem to be a silver bullet so in the interim I kicked off a Reddit page reddit.com/r/buykin/ so that the community can help organize a list of reliable options to buy Kin for every region in the world. That way when someone wants to buy Kin they can go there, look for their region, and get a step by step guide. Liam from Crypto Kin News did a fantastic video walk through of buying Kin with Ramp. I’d love to see more videos like that. To me that’s probably the highest leverage thing the community can be doing right now to drive the adoption of Kin.
I’d encourage anyone reading this interview to check out reddit.com/r/buykin/ and add to the discussion. The more descriptive and visual the better.
What’s the best way to help?
Once you’re on the Code waitlist you’re on the Code team. The beauty of crypto is that as adoption grows we all win together. You can follow the progress through the interactive map at getcode.com
The best way to help is to sign up and get others to sign up too, especially those in underrepresented regions. As a country crosses 10 people it lights up. Let’s all work together to light up the whole map.