KING MONEY (KIM)
EVENT DATE: 23 AUG 2021
EVENT KEY 👉WRAPPED ERC20 RELEASE
EVENT AIM:
"We are coming up with KingMoney ERC20 Wrapped Token. We will launch it on the Ethereum blockchain on Aug 23th, 2021."
EDITION:
The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. It was initially launched as an ERC20 token on the Ethereum blockchain, and was designed to be the main currency in the Kik messenger ecosystem. Kik had initially launched a rewards points system, not a cryptocurrency, called Kik Points that ended in 2017. Kin is short for Kinship, since its aim was to strengthen ties within the Kik community. Kik raised around $100 million dollars in the Kin initial coin offering (ICO) in September 2017. In September 2019, Kik said that it would be shutting down its messaging app in order to fight a lawsuit with the United States Security and Exchange Commission over whether the Kin ICO sold unregistered securities. In October 2019, MediaLab bought Kik messenger, with the goal of preserving Kin. In October of 2020, Kik Interactive Inc. and the SEC announced they had reached a final settlement agreement, following a long legal battle pertaining to the creation of Kin as a cryptocurrency in 2017.
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