Kik Messaging Platform targeting $125 mln for its Mainstream Crypto Adopting ICO
Kik – a Canadian Social messaging platform with over 15 million monthly active users has revealed its expectation for the upcoming Kik ICO – “gather $125 million”.
Proportionally with the Pre-ICO held with $50 mln raised, Ted Livingston the Interactive founder of the messaging platform added that the implementation of the Kin Token will conclude as the “first mainstream digital currency adoption”.
“Kin will fuel new experiences in communications, information and commerce inside of Kik, and will also serve as a foundation for a new decentralized ecosystem of digital services, bringing a fair and sustainable business model to the market,”.
“Despite being relatively unknown outside the US and Canada, Kik sports around 15 mln active users per month, having only debuted on the market in 2009.”
Another ERC20 token will be distributed based on the Ethereum Blockchain which the company supports as an initiator towards mass adoption of digital asset on real-life daily uses – “potentially make it the most adopted and used cryptocurrency in the world.”
“Kik is by far the largest consumer company to enter the cryptocurrency space, and this is a seminal moment for the industry,” – Principal and Venture partner at cryptocurrency hedge fund Polychain Capital – Ryan Zurrer.
ICO will be launched on September 12 for those who have successfully registered until September 9.