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.
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 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.
The transfer of tokens across two blockchains will be done through atomic swaps. The Ethereum blockchain will be used for liquidity and the Stellar platform for transactions.
Popular messaging app Kik is moving its Kin tokens from the Ethereum network to the Stellar network sighting issues with speed, reliability and costs.
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).