KWAI, the crypto
KWAI (KWAI) is a cryptocurrency that is native to the Kwai app, a short-form video-sharing social media platform. It is created by the Kwai team to facilitate transactions within the app.
The main point of KWAI (KWAI) is to provide a means of payment within the Kwai app. Users can earn KWAI tokens through various activities in the app, such as creating and sharing videos, and they can then use those tokens to purchase virtual gifts, receive cash rewards, or transfer them to other users.
KWAI (KWAI) tries to solve the problem of payment friction within the Kwai app. By creating its own cryptocurrency, Kwai hopes to provide a more efficient and seamless way for users to transact within the app, without having to rely on traditional payment methods that may be inconvenient or inaccessible to some users.
We used an AI to answer three questions about KWAI, so take this info with a grain of salt.