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Username Taken wrote: ↑Sun Jun 09, 2019 10:22 am Kin is money for the digital world > > https://www.kin.org/
More > > https://www.investopedia.com/terms/k/ki ... rrency.asp
Kin is money for the digital world
A new way to engage, grow, and monetize your digital community. The ultimate win win.
Thanks! Learned something new.DEFINITION of Kin (Cryptocurrency)
While standalone cryptocurrencies like bitcoin have paved the way for the industry, more existing companies are venturing into the digital currency space with their own offerings. One of those companies is Kik, the popular messenger service. Kik's cryptocurrency is called Kin.
I've heard of kik. Nothing good. Didn't know they had their own cryptocurrency Just found this:
https://www.coindesk.com/the-sec-is-sui ... s-2017-icoJune 4, 2019
The U.S. Securities and Exchange Commission (SEC) is suing Kik for allegedly running an unregistered securities sale when it launched an initial coin offering (ICO) for its kin token in 2017.
In a filing submitted Tuesday in the Southern District of New York, the SEC said Kik violated Section 5 of the Securities Act of 1933, which requires offerings to be registered.
“By selling $100 million in securities without registering the offers or sales, we allege that Kik deprived investors of information to which they were legally entitled, and prevented investors from making informed investment decisions,” said Steven Peikin, co-director of the SEC’s Division of Enforcement. “Companies do not face a binary choice between innovation and compliance with the federal securities laws.
As alleged in the SEC’s complaint, Kik had lost money for years on its sole product, an online messaging application, and the company’s management predicted internally that it would run out of money in 2017. Kik’s losses averaged about $30 million a year, according to the SEC, and earlier attempts by Kik to be acquired by a larger technology company had failed, with seven potential suitors all declining to buy or merge with the company.
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