Kik's CEO says the company has spent more than $5 million talking to the SEC about whether its kin ICO was an unregistered securities sale.
Messaging app company Kik says it will stand up to the SEC over an expected enforcement action relating to its 2017 initial coin offering
A common critique of crypto is that it lacks uses, but Kik has funded apps to churn out almost three dozen new ways to earn and spend its token.
Kik CEO Ted Livingston created the kin token so people could easily buy and sell digital stuff online. Now he's paying devs to make the stuff.
Messaging app Kik's users can now begin earning and spending its kin token with the launch of its "crypto-economy," the company said Wednesday.
Kik has decided that fees just won't work for its crypto token mission and has decided to fork stellar to create its own blockchain.
Wednesday in New York, Kik gathered up the strongest believers in its plan to create a new revenue model for services online using its kin token.
The Kin Foundation, which governs the cryptocurrency developed by Kik, announced a partnership with Unity Technologies on Thursday.
While Kik said it would move its "kin" crypto tokens off ethereum and onto stellar, today it announced it was allowing the tokens to live on both.
ICO issuers that have raised $50 million or more in token sales are being tightlipped when it comes to inquiries about SEC subpoenas.
