Kin (KIN) is a decentralized ecosystem of digital services for daily life, it is also a new digital currency created by the team behind Kik. Kin coin was developed by the Canadian social media company Kik for the purpose of providing a blockchain platform. Kik Interactive Inc. created a cryptocurrency called Kin as a first step to launching a decentralized ecosystem of digital services. The Kin cryptocurrency will first power a digital economy inside of Kin, and then will serve as the basis of interoperability with other digital services in the Kin Ecosystem. ICO start date: 2017-09-12.
CEO of the once-popular messaging app Kik has indicated that the firm will go to trial against the United States Securities and Exchange Commission of classification of their Cryptocurrency token Kin as a security.
Kik kicked back at the SEC lawsuit that claims a $100 million ICO was illegal. The company behind Kik Messenger filed a response in U.S. District Court for the Southern District of New York, alleging that the SEC is “twisting” the facts about its token.
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