When Kik Interactive announced its cryptocurrency ICO, a lot of people were taken past times surprise. Having an established companionship covert this novel agency of raising coin is pretty meaning every bit a whole. As i has come upwards to expect, this ICO was highly successful overall, every bit the companionship raised nearly US$100 million. There was massive global involvement inwards this ICO; that much is evident.
We induce got documented the concept of the Kin ICO several times earlier on this platform. Its parent company, Kik Interactive, is best known for its pop chat platform. However, the finish is ever to ameliorate upon the existing trouble organisation model as well as come upwards up amongst some novel features. Introducing a native token for this platform makes a lot of feel inwards this regard. The Kin token distribution effect concluded non long ago, as well as it has been a major success.
More specifically, the token distribution effect saw nearly US$100 i K one thousand raised inwards brusk order. While cryptocurrency ICOshave a history of selling out quickly, that doesn’t hateful every projection volition heighten dozens of millions of dollars. The Kik squad successfully secured closed to US$100 i K one thousand from over 10,000 investors spread out over 117 dissimilar countries. This goes to demonstrate the global appeal cryptocurrency ICOs induce got correct now. Traditional crowdfunding methods induce got enjoyed like success, only ICOs are all the same inwards a aeroplane of their ain correct now.
Indeed, the Kin token sale is i of the nearly successful ICOs to date. Although other companies induce got raised over US$200 i K one thousand inwards a like fashion, that was never the objective of the Kin token distribution event. Raising closed to US$100 i K one thousand is pretty spectacular inwards its ain way, every bit at that spot is no require to heighten to a greater extent than coin than is needed. Due to its success, the Kin token is every bit good already i of the nearly widely distributed digital tokens inwards the basis today.
Kik CEO as well as founder Ted Livingstoncommented every bit follows:
“We wanted every bit many people every bit possible to participate inwards the Kin token distribution event. Based on the outflow of back upwards leading upwards to as well as during the event, nosotros clearly achieved that goal. We envision Kin every bit the foundation for a decentralized ecosystem of digital services, starting amongst Kik, as well as nosotros couldn’t live on to a greater extent than thrilled than to construct this novel futurity together amongst you.”
Issuing an ERC20 token on transcend of the Ethereum blockchain has been a smart determination past times the Kik team. This token volition live on integrated into the Kik chat application as well as serve every bit its primary transaction currency moving forward. Kin is a token for all Kik users closed to the world. Considering that this chat application is used past times millions of people worldwide, the token volition for sure abide by novel role cases inwards the future.
According to the team, Kin has the potential to drib dead the nearly adopted as well as used cryptocurrency inwards the world. Moreover, the Kin Rewards Engine volition foster the creation as well as evolution of a worldwide as well as decentralized ecosystem of digital services. Interesting things are on the horizon for Kin as well as Kik; that much is certain. With this crowdsale having completed successfully, nosotros inch i pace closer toward global mainstream adoption of cryptocurrencies.
