Mobile Messenger Kik Raises $50 Million Ahead of $75 Million ICO

The mobile messaging app has earned more than 50 million dollars from private sales of its ATMM token ear for investors in the company, including BlockChain Capital, Panetter Capital and Polkayen Capital.

The kick-to-token is probably mentioned by a well-established company as a mainstream acceptance of a custom cryptoon - kick claims 15 million monthly active users, of whom nearly 60 percent are between 13 to 24 demographics. This token was announced in May, with a fair share of its suspects, who said that the idea of ​​encouraging social media interaction with any point system was tried without any benefit.

The company will be making follow-up sales with a public "Token Distribution Event" next month, targeted at an additional $ 75 million by selling a total of 10 trillion units totaling 1 trillion.

The company is expected to collect a total capital of $ 125 million in new capital.

Because the token will be able to create a token list of the merchandise ERR-20 Standard based exchanges, and instead, save them for the US dollar.

Tanner Philip, a manager of the special initiative of kick, told Kennedesk that the company's goal could be General Cryptocourance, which can be used as a method of exchange between such stakeholders among users, developers and content creators.

How to achieve this long-term goal, the key is to ask for specific interrogation of the keys, Philip has already reacted to the one used in the production of kick:

"More than one thousand bots developers have created more than 180,000 bots in the scope of opportunity, which can be anything from entertainment to content to games."

If such fund is obtained, the cake will be one of the highest charts ICO. According to the data from CoinDesk ICO tracker, $ 1.8 billion has now been raised through the financing process on August 25