Kik App Debuts Digital Currency Amid Bitcoin Boom
- New tokens can be used to buy services on messenger platform
- Kik discloses that it has 15 million monthly active users
Messaging App Kik Plans 'Initial Currency Offering'
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Messaging app Kik Interactive is the latest and potentially most well-established company to delve into a quirky new form of fundraising -- creating its own digital currency.
Kik, based in Waterloo, Canada, unveiled plans for an “initial coin offering,” a process by which it sells tokens that can be used to buy services on its platform. The idea is that as more and more people use Kik, the value of those tokens, called “Kin”, will rise in value.