The story of Kik – the popular messaging system – has changed dramatically. CEO Ted Livingston, has read the company is blocking Kik’s messaging platforms and paying close attention to its cryptocurrency cousin. The company has the ability to save money now the Securities and Exchange Commission is at war over whether the initial offering (ICO) to be considered safe.
The SEC claims that the company is using the $ 100 million Kin ICO as the last “Mary’s eye” collection, to try to change things after the popularity of the show. The next test for the first money attack is why Kik is closing. ironic, to say the least.
Livingston said that to continue the fight with the SEC, the company would have three actions: shut down Kik and hire more than 100 employees to downgrade the company to a “group of 19 officers,” with a special focus on “converting Kin Users into Kin Customers”.
The plan to continue the fight against the SEC is highly ambitious, given the current family situation and the tight connection to the Kik application. As Livingston continues to explain, “Today most cryptocurrencies rely on critical requests from transactions to boost their crypto business models. But Kin isn’t available in most cases. communication, so we can’t rely on legitimate interests. ”
Instead, the company plans for investors to buy and use Kin – a difficult task for a cryptocurrency, with fewer than one that responds to Kin’s type of denial. Livingston says the company has a plan for that, with other employees working to expand the Kin block to support more communications, work with developers who support Parientes, and create new wallets for relative sales.