Do I think that the KIK messenger KIN token is worth buying?
Short Answer: Yes. But only as a speculative investment.
So KIK messenger will be launching an ICO for it's new coin KIN in the coming week. With all the hype over ICO's this year and the millions spent on SOTRJ, ARAGON (just to name a few) I can't help but feel dubious about the actual value of these products and if I am throwing good Ether down the drain buying into these tokens... The KIN token will be based on the Ethereum blockchain as an ECR20 token (meaning it will store in your Ethereum wallet).
What I think gives this token a second look is the mass use of the KIK messenger service. It's not decentralised at all, but it definitely has a huge following amongst a unique demographic (including sex workers from what I have been told). KIK is easy to sign up for, and doesn't require an email address or a phone number like most of the other messaging services on phones these days. The privacy feature of KIK has made it a popular service and this is the key to KIN.
The only reason KIN will do well is because of the huge user base of KIK messenger. Integrating an easy payment system into the messaging app is a huge step forward. I am aware of actual projects in the works who are trying to build a decentralised messaging system with their own payment token, but with all social media projects it's about the network effect and adoption.
So yes, I will be buying a few tokens. I don't think that they will go crazy and shoot to the moon, but I like what they are going for. KIN may actually succeed due to it's first-mover advantage and its network adoption.
Hi,
Have you bought any KIN?
Kin is not available for sale yet. The ICO date has not yet been announced.
KIK Messenger - Kin Token Sale - Registration Now Open!
https://steemit.com/cryptocurrency/@todderic/kik-messenger-kin-token-sale-registration-now-open
ICO starting soon
any news on ICO has any one registered?
Just registered :D https://kin.kik.com/
thanks for sharing your thoughts. agreed that this is an incumbent strategy adopting blockchain to scale its ecosystem--not necessarily a disruptive model. but if successful, it could prompt other large incumbents to tokenize their services, giving more economic power to community of users. seems like their early investors (i.e. institutional) also share that vision.
I noticed that this ico has really slowed down in the last few days, they are still over 100k eth away from their goal and the amount of investing has slowed a lot since it opened up.
Too much bad press around ICOs. People are realizing how dotcom the whole thing is
I have mixed feelings on this project at the moment. It is an existing company with a track record for cool tech products, so a positive there, but can they really bring their platform over to the decentralised blockchain world.
Just as a heads up - todays valuation:
Either a sign to stay away from a pump and dump, or a nice pull back for a buy opportunity. All up to your risk appetite