Chat App Kik is now launching an ICO and a new cryptocurrency called Kin
This is probably the biggest news I've seen for Ethereum in terms of promoting mainstream adoption. It's going mainstream very fast.
Livingston, the founder and CEO of Kik, a chat app used by 15 million people monthly, never shook his early conviction. Now he believes his business has a shot to make cryptocurrency, if not Bitcoin, go mainstream.
Kik plans to debut its own cryptocurrency called "Kin" later this summer. The Waterloo, Ontario-based company is planning a crowdsourced initial coin offering or ICO, which lets startups mint their own digital money, raise funds outside the traditional venture capital world, and develop their own miniature economies. The exact date has yet to be determined.
Will Snapchat be next? What will the competitors do now? How does this change things when millions of people will be introduced to cryptocurrency overnight literally? This will be an interesting ICO.
So cool post
This would be one to keep an eye out for.
Disclaimer: I am just a bot trying to be helpful.
Oh my.
This is insane amount of users!
How I wish I had a million dollar to invest right now.
They have to implement it properly or it will never work. Making users purchase the currency will only lead to failure. Now, if users can earn the currency like Steemit then you will see success.
whatsapp will be next!
Kik is dead lol
No, 300 million users worldwide and 15 million monthly. How is it dead?
just in USA. but snapchat has a lot of teenagers users and its stock price already crashed. Kik already received $120M and they are still asking money? what is so great about KIK ico?
Snapchat isn't integrating cryptocurrency yet.
it's not about cryptocurrency in this case. we are talking about a project that is almost a failure in real life. Facebook is winning the game about messenger app and social media.
Let's keep the cost per acquisition aside. Why is kik / snapchat a failure?