Points in Time
Kin at $0.00 on Sep 23, 2019
The Kik messaging app has announced that they will be shutting down due to the lawsuit filed against them by the #SEC. The lawsuit claims that #Kik ran an unregistered security for their KIN #ICO. www.coindesk.com/...t-ico
In a company blog post, Livingston said the ongoing dispute with the SEC has forced Kik to close its doors.
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Overview of Kin
Kin is intended to be a cryptocurrency for everyday digital services like social media chats and messaging. This was content creators and social media users would freely transact and don’t have to depend on ad revenue for content monetization.
The decentralized, censorship free and anonymous social media, Kin is built on the Ethereum blockchain. The native token, KIN is ERC20 compliant and that also means the coin can be stored in any ETH compatible wallet as My Ether Wallet (MEW). KIN tokens are fungible and transferable and can be exchanged in Ether Delta, HitBTC among other networks.
The Kin foundation is meant to be an independent, non-profit body for the users of the Kin network. They want to grow an open network of digital services which users can explore and enjoy the services. What makes Kin an outstanding investment is that it’s a cryptocurrency that’s being backed up by anonymous Kik. Kik has more than 15 million users and their motives are diverse cutting across financial and philosophical needs.