When Kik Interactive announced its cryptocurrency ICO, a lot of people were taken past times surprise. Having an established society encompass this novel means of raising coin is pretty meaning equally a whole. As i has come upwards to expect, this ICO was highly successful overall, equally the society raised nearly US$100 million. There was massive global involvement inwards this ICO; that much is evident.
We cause 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 destination is e'er to amend upon the existing trouble organisation model in addition to 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, in addition to it has been a major success.
More specifically, the token distribution effect saw nearly US$100 meg raised inwards curt 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 meg from over 10,000 investors spread out over 117 dissimilar countries. This goes to exhibit the global appeal cryptocurrency ICOs cause got correct now. Traditional crowdfunding methods cause got enjoyed like success, merely ICOs are nonetheless inwards a course of teaching of their ain correct now.
Indeed, the Kin token sale is i of the well-nigh successful ICOs to date. Although other companies cause got raised over US$200 meg inwards a like fashion, that was never the objective of the Kin token distribution event. Raising closed to US$100 meg is pretty spectacular inwards its ain way, equally in that place is no request to heighten to a greater extent than coin than is needed. Due to its success, the Kin token is besides already i of the well-nigh widely distributed digital tokens inwards the footing today.
Kik CEO in addition to founder Ted Livingstoncommented equally follows:
“We wanted equally many people equally possible to participate inwards the Kin token distribution event. Based on the outflow of back upwards leading upwards to in addition to during the event, nosotros clearly achieved that goal. We envision Kin equally the foundation for a decentralized ecosystem of digital services, starting amongst Kik, in addition to nosotros couldn’t hold out to a greater extent than thrilled than to construct this novel hereafter together amongst you.”
Issuing an ERC20 token on top of the Ethereum blockchain has been a smart conclusion past times the Kik team. This token volition hold out integrated into the Kik chat application in addition to serve equally its primary transaction currency moving forward. Kin is a token for all Kik users roughly the world. Considering that this chat application is used past times millions of people worldwide, the token volition sure enough discovery novel role cases inwards the future.
According to the team, Kin has the potential to drib dead the well-nigh adopted in addition to used cryptocurrency inwards the world. Moreover, the Kin Rewards Engine volition foster the creation in addition to evolution of a worldwide in addition to decentralized ecosystem of digital services. Interesting things are on the horizon for Kin in addition to Kik; that much is certain. With this crowdsale having completed successfully, nosotros inch i footstep closer toward global mainstream adoption of cryptocurrencies.
