
Federal Judge Rules that Kik’s 2017 Token Sale Violated US Securities Law
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
With the launch of its own virtual currency, the company aims to build an open and sustainable ecosystem of digital services to compete with established giants.
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission.
The beginning of Kin token distribution event (TDE) launched by the Canadian social media giant Kik Interactive, was announced yesterday on September 12. Having already raised $50 million in a presale round, Kik aims to raise $125 million in total through the ICO (initial coin offering).
Sale Expected to Raise US$125 Million After Successful Presale with Accredited Investors, Including Blockchain Capital, Pantera Capital, and Polychain Capital.
With the launch of its own virtual currency, the company aims to build an open and sustainable ecosystem of digital services to compete with established giants.