Messaging app Kik is raising $125m with its Kin cryptocurrency
Posted on: 30 août 2017, by : Stuart Dredge

Youth-focused messaging app Kik is the latest company raising funding through its own cryptocurrency – or specifically through an ethereum ‘token’ called Kin, which it announced earlier this year.
Kik has just sold $50m of the tokens to institutional investors, with plans to open up a public sale to raise another $75m through an initial coin offering (ICO) in the coming weeks.
Kik is one of the most high-profile established companies (as opposed to new blockchain startups) to go down the ICO route, with plans to develop Kin into an all-purpose cryptocurrency that can be spent within its app, and elsewhere.
The post Messaging app Kik is raising $125m with its Kin cryptocurrency appeared first on Music Ally.
Source: Music ally

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