Mobile Messenger Kik Raises $50 Million Ahead of $75 Million ICO

Mobile messaging app Kik has raised $50 million from the private sale of its ethereum token Kin to institutional investors, including Blockchain Capital, Pantera Capital and Polychain Capital. The announcement is notable as Kik’s Kin token may well be the first mainstream adoption of a custom cryptocurrency by a well-known company – Kik claims 15 million active users, about 60 percent of whom are in the 13 to 24 age demographic. The token was previously announced in June, with its Read more …