SEC Sues Kik Interactive For Conducting $100M USD Unregistered ICO

ICO News, News, Regulation | June 5, 2019 By:

The US Securities and Exchange Commission (SEC) has sued social media company Kik Interactive for conducting a $100 million initial coin offering (ICO) in 2017, which the regulator deemed as an unregistered security issuance.

In its complaint, the SEC charges that Kik sold its Kin tokens to US investors without registering their offer and sale as required by the US securities laws.

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Crypto Exchange Coinbase’s Custodial Service Now Supports Mainnet KIN Tokens

Announcements, News | May 1, 2019 By:

Cryptocurrency exchange Coinbase has added support for Kin, Kik’s native token, to its digital assets custodian service for institutional investors.

Kin cryptocurrency is designed to enable users to earn Kin through platform engagement and then spend it on related services. Kin was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain,

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Kik Messenger, Unity Technologies Partner To Bring Cryptocurrency To Game Developers

Announcements, News | March 30, 2018 By:

Canadian mobile messaging app Kik is partnering with game engine creator Unity Technologies to enable game developers to use Kik’s Kin cryptocurrency to reward players.

Kik, which was founded in 2009 by University of Waterloo students, recently said that it will deploy its Kin token on multiple blockchains to enhance liquidity and efficiency within its ecosystem.

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