Kinguin launched in 2013 and we were able to scale the operation considerably, from revenue of $ 3.5 million in the first year to nearly $ 85 million with a team of 150 five years later.
In 2015, according to the European VAT Directive (Council Implementing Regulation (EU) No. 1042/2013), Kinguin became the only market fully compliant with full service on behalf of its merchant community. The complete service that includes automatic reports of VAT rates for the 28 EU countries. This allowed small companies to operate on a large scale in the European market and compete with established distribution companies. On other platforms, merchants face significant obstacles when they are responsible for reporting VAT rates and facing possible liability.
Between 2015 and 2018, Kinguin witnessed and participated in the phenomenon known as esports, and quickly realized that esports was the next frontier of games. Small developers and big publishers have spent enormous enormous resources on developing their eSports strategies, with different levels of success. As a small business, our strategy was to add considerable value to the community and combat e-sports from angles that other brands deemed too soon or completely ignored.
Initiatives such as great initial cooperation with the world's best eSports brands (Team SoloMid, Cloud 9, Fnatic, NiP, G2 Esports, ESL and Dreamhack), developing our own professional eSports team or building the Esports Performance Center in Warsaw , Poland considered a standard reference in the sector and an inspiration for the main brands to follow. This allowed us to achieve something we didn't have before: a truly recognizable brand for millions of fans around the world.
In the same period, many other companies attempted to emulate the Kinguin model, bringing intense competition to the market and reducing margins for all parties. The gaming landscape has also changed considerably. The emergence of MOBA and free games, such as Fortnite and APEX in the Western Hemisphere, brought additional challenges to Kinguin and similar platforms. Enclosed ecosystems, highly engaging and addictive gameplay mechanics, low barriers to entry, and free models have encouraged us to rethink some of the fundamentals behind our current business models.
THE NEW KINGDOM ECONOMY
Traditional e-commerce is ready to be stopped.
The way e-commerce works today will change dramatically in the years to come. I think the way forward is a combination of a free economy and a custom premium economy. Users can participate in great basic gaming experiences without making a purchase.
Premium savings: 100% of users must register with Kinguin and pay to access the gaming experience
Companies that can offer FREE value while engaging the customer with very convenient ecosystems.
KING TODAY AND TOMORROW
Free savings: 80-95% of users will interact and have fun spending time with Kinguin without making monetary transactions
Custom Premium Savings: 5-20% of users will want more personalized experiences
Under the new Kinguin economy, we introduced a free currency called 'Ninja Krowns' (NJK). Ninja Krowns are virtual currencies, while Kinguin Krowns are cryptocurrencies. Ninja Krowns exist only in the Kinguin ecosystem. Krowns, on the other hand, are stored on the blockchain and can be exchanged for another currency through crypto exchanges.
With Ninja Krowns, our customers can collect a specific amount every day for free by visiting the website and clicking on the currency symbol to collect. Collected Ninja Krowns can be spent every weekend on free games provided by Kinguin and its partners.
A jogging a layer of free economy, Kinguin suddenly starts to the day with free games publishers. Our e-commerce expertise is leveraged to maximize conversions from the free economy to different levels of the custom premium economy.
We estimate that over 1 million users will use the free Ninja Krowns coin by the end of 2019. Of these users, approximately 25% will be part of the premium custom economy of Kinguin.
Kinguin's Premium Premium Economy will continue to operate under the premise of selling in- game video games , content and services to its users. What will evolve is the range of these products and services and the omnichannel distribution.
How Kinguin Works The real sources of the games and the reasons behind their low prices.
Where does Kinguin get all the keys from? Why are the prices so low? Do developers really benefit from selling their games here? And above all: is Kinguin legitimate? Instead of taking our word for it, learn the ins and outs of the entire distribution process.
First of all, you should be aware that it is not Kinguin who sells the keys. It is merchants who use our platform, because we provide ready-made solutions to open an online store and reach millions of players worldwide. Kinguin is no different from Amazon, with the difference that we do not have our own stock.
Where do the sellers get the keys from?
Each game key comes from the game developer or publisher. There is simply no other source. No one else can generate a key.
When the keys are created, they can be sold directly to Kinguin merchants or wholesalers. Wholesale providers do not sell games to players. Instead, they provide retailers, merchants who own stores, and offer the keys to you, the player.
For developers and publishers, it doesn't matter if a Kinguin seller gets their keys directly from them or from a wholesaler. Regardless of the source, the keys have already been purchased and paid for, and the publisher received what he determined was a fair amount.
We also allow players to put their unused keys up for sale. These are the keys that they got from the packages or were presented, but for some reason they don't want to. It is as if you had a birthday game, but it is a game that you already have or don't like. You decide to sell it. It is legitimate: the game has been paid, it is yours, you can do whatever you want with it. If you can sell it for a profit, hey, good for you.
However, these private sellers are a small minority. More than 90% of available games are sold by professional retailers.
Why are the games so cheap?
A bottle of soda costs less in one store and more in another, and can be up to three times more expensive when purchased at a restaurant. In each case, it is the same product, from the same 100% legitimate source. No one would say that the soda company loses money because some stores sell it cheaper. They have already sold the shares. It is the right of retailers to set their own prices.
What soft drinks and video games have in common is that they are both products, so the same rules apply. At Kinguin , sellers who bought the keys from a publisher or wholesaler value them individually. Prices are lower because sellers do not have to pay to design their stores, maintain servers, position them in Google, advertising, support, etc. We provide everything, for a very small percentage of each transaction.
So is Kinguin legitimate?
Yes it is. Many publishers consider us one of their distribution channels. We have partnered with various developers in every way and sizes. Kinguin is a registered company with offices in Hong Kong and support offices in Poland and Bulgaria (both members of the European Union). If that's not enough to convince you, consider the following.
In a world where governments ban cash drawers and investigate big publishers because their practices don't seem entirely fair (think Belgium and their recent interest in some publishers' model), such a large market that operates within and outside the EU, it would not go unnoticed by the authorities. However, we never had legal problems. There is a simple reason behind this: Providing a market for outside traders is a common business practice.
That's what shopping malls do in real life; we simply apply this practice to the digital space to benefit the entire gaming community.
CROWNS OF THE KINGDOM (KRS)
Kinguin conducted an ICO in 2018 and introduced his cryptocurrency KROWNS (KRS)
We are currently reviewing our blockchain strategy. Stay tuned!
From the founder
My name is Viktor Romaniuk Wanli, the founding CEO of Kinguin, and I, along with my team, are responsible for the Kownsin script at Krowns. Although the white papers and scripts are generally written by outside experts who are not involved in the company's daily activities, I felt it was essential to write this script in person. Finally, I am responsible for adding value to your updated Krowns purchases.
"Help players enjoy all the games by building platforms, services and locations that support the free economy and the personal rights of players."
"We think everyone should have access to great gaming experiences."
Since we successfully ran our ICO last year (April 2018), the blockchain industry has undergone major changes. In particular, we have seen a huge decline in most cryptocurrencies, known as crypto winter.
Krowns is still here because Kinguin was already a healthy company. We follow our vision and mission and continue to fulfill our mission.
Kinguin Buyer Protection
Kinguin offers buyer protection for your keys. Kinguin publishes the following about the Protection of its Buyer ... You are protected against any quality defect of these products caused by the seller (duplicate keys, invalid keys, etc.).
Kinguin allows merchants to withdraw their earnings in Bitcoins!
Bitcoin has proven to be one of the most convenient payment methods in the world, as it attracts more and more people. Growing demand has inspired Kinguin to expand the payment methods offered to merchants.
The Bitcoin payment option allows merchants to withdraw their funds smoothly and efficiently. Transferring funds to multiple international recipients in single payment batches reduces the cost and processing time of payment methods.
"We have noticed a demand from our merchants to pay with Bitcoin." Faheem Bakshi, Kinguin's Vice President of Global Expansion, said: "Having the option to pay with Bitcoins is a great opportunity to attract more merchants selling digital products in Kinguin. It allows users of the Kinguin platform to buy and sell video games even more new ways "
Since Kinguin partnered with BitPay in October 2015, Kinguin customers have been able to use Bitcoins to pay for purchases on Kinguin.net. The addition of Bitcoin resulted in a significant number of people choosing digital currency as their primary payment method. Bitcoin's popularity continues to grow, and Kinguin.net Bitcoin payments are here to meet that new user demand.
Kinguin Coupon Codes
If you're looking for Coupon Codes or coupons at Kinguin, then you'll be here at au.1001promocodes.com at the right place! We update daily our coupons and offers, we search for you the best Kinguin Coupon Codes and offers, you will always save on your online purchases with our coupons. At the list on top of this page, you'll see all the offers, coupons, coupon codes and discounts currently available at Kinguin. Easy, right? This listing was last updated on 01 July 2022 .
Discount coupon Kinguin and the most diverse offers Kinguin you can find on 1001promocodes.com ! Find the best Discount Coupons, Offers and Promotional Codes Kinguin and thousands of online stores in Italy. Choose your coupon Kinguin next and save with promotions and special offers. Discount coupon, Offers, Free Shipping and Promotions Kinguin Coupon Kinguin with best prices, discount coupons, promotions and exclusive offers on Italy. In our Kinguin Promotional Coupons section, you will be able to find the best selection of offers and promotions in all categories available for your online purchases in Kinguin and that you can buy as usual at your favorite store, but this time with greater savings through of our Kinguin discount coupons that we offer exclusively to you.
It is also very easy to use and, on our page, we make it even easier for you, so the effort required to get the best discounts on Kinguin is super comfortable for you.
We want to help our loyal visitors as much as possible to get a discount at as many online webshops in Australia. Therefore, beside Kinguin, we have over 20'000 other online webshops in Australia on our website with a wide range of Coupon Codes, offers and promotional codes.
There are normally several Coupon Codes available. Just think of a free shipping code or a code that gives a certain percentage of your order. Some Coupon Codes are for a specific product, other promotional codes give you a discount on the entire assortment. It is a surprise every day, which promotional codes offer the webshops, but at any case, they will find them here on our website!
Most Coupon Codes can be used in Australia, but we also offer promotional codes and offers from stores and brands abroad like Europe, China or Brazil. This way you will find the best bargains worldwide!
To make at for our visitors as easy as possible, we've selected the best and most advantageous Coupon Codes of Kinguin and put them on top of the listing. This way you save time, because you see all Coupon Codes in a handy overview. So, if you going to buy at Kinguin, we recommend using a coupon code or offer from our website so you can enjoy more online shopping! And the most beautiful of everything? All of our Coupon Codes can be used for FREE!
You do not have to register for coupon codes Kinguin Coupon Codes but we recommend you sign up for our newsletter. That way, you get the latest Coupon Codes, offers and special bargains in your mailbox. We select the webshops with the most beneficial actions for the newsletter so you can also get acquainted with new online stores.
What is a Kinguin coupon code?
A coupon code from Kinguin is a alphanumeric code that you use to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or voucher. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
How can I use a Kinguin coupon code?
An action code or promotional code from Kinguin Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a couponcode at au.1001promocodes.com? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
- Copy the couponcode from Kinguin by clicking at "SHOW CODE" or "VIEW OFFER"
- Does a coupon code appear? Then you can copy the code by clicking at the button "COPY"
- Does the modal not show a coupon code? Then you can click directly in the big blue button "VISIT Kinguin
- On the Kinguin website select one or more products and place it into the shopping basket. When you are finished, then have a close look at the basket. Just before the actual checkout, there is somewhere the option to enter an action code, promo code, voucher or coupon code. You paste (CTRL V) here the previously copied code and the discount is applied immediately.
- Please check if the discount has been applied correctly, as it may occur once you're just late and the coupon code has expired. It may also be that the coupon code is only valid for a particular product. In that case, you can just get a new coupon code from our website. It is therefore important that you read the terms of the coupon code.
- Successfully? Then share our Coupon Codes, promotional codes, promotional codes and offers with your friends and family, so they can also make use of additional discounts.
What are Kinguin's best coupon codes for July?
Discount coupon kinguim - get an extra 15% OFF on your order
Discount coupon Kinguin of more than 10% using this coupon gift from paypal - July 2022
Discount coupon kinguim - get an extra 10% OFF on your order
Discount coupon kinguim - get 8% OFF your order
Kinguin has great savings and deals
How do I use Kinguin coupons?
To use a Kinguin coupon, copy the related promo code to your clipboard and apply it while checking out. Some Kinguin coupons only apply to specific products, so make sure all the items in your cart qualify before submitting your order. If there's a brick-and-mortar store in your area, you may be able to use a printable coupon there as well.
Does Kinguin currently have discount coupons?
Yes, 1001promocodes.com currently offers 7 valid discount coupons for the Kinguin store.
How much can I save on Kinguin?
It depends on the coupon you use. 1001promocodes.com has the best options in addition to exclusive offers.
How to find the best deal on Kinguin?
You can manually copy and try all 7 available promotional codes to find the best discount, plus you can accumulate the discount coupons with our selection of promotions and 8 offers.
What is an Kinguin discount code?
An Kinguin discount code is an alphanumeric code which, like coupons or paper discount vouchers, allows you to receive a fixed discount or a percentage discount on your purchase. So, in addition to the affordable prices and offers already available on Kinguin, you can get an additional discount on the total of your cart or on shipping.
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