Chat app Kik takes on Facebook with developer ecosystem built on the blockchain
There’s been much talk of ICOs — initial coin offerings — amid the rising value of bitcoin and other cryptocurrencies like Ethereum. Now the industry is about to see its first ‘big name’ move into the space after Kik announced plans to introduce its own cryptocurrency via a token sale.
Messaging app Kik is particular popular among teens and young people in North America. Overall the eight-year-old company, which is based in Canada, claims 300 million registered users. Kik doesn’t break out how many of those are active any given month, but we do know that growth has slowed over the past year.
Kik isn’t just the most used service to venture into ICOs, it is also the highest financially backed company. It has raised over $120 million to date, and its most recent fundraising round in late 2015 valued its business at $1 billion.
Read more at https://techcrunch.com/2017/05/25/kik-makes-a-move-into-the-blockchain/
Interesting! Big Players and Putin have been keeping their eyes on Blockchain Technology all this time
Thanks for the good article
Congratulations @slyth3! You have received a personal award!
Click on the badge to view your Board of Honor.
Congratulations @slyth3! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!