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RE: Kik : The messenger app launches Kin an Ethereum based Token
50MLN has been collected in first round than they decide to do 120mln. This kind of amounts are unreal if we taking about the costs of what they trying to do with platform that is practically ready for implementation of blockchain system
Yeah, the ICO boom is crazy right now. If you compare what the ethereum based messenger status.im raised (260 mill. $) it is actually only half of it.
True, ICOs are the new gold rush. The two talked about in here have the potential to become big, because of the potential higher user base. Risk is the speed of the network for both of them.
If you are going to invest in it, be careful because of those kind of news about kik :
http://www.trentonian.com/article/TT/20140728/NEWS/140729624
Thank you. I know there was a controversy in 2014.
This is from Wikipedia about the app:
Source: https://en.wikipedia.org/wiki/Kik_Messenger#Child_exploitation
Totally agree, there are few of those start up that have proof of concept working, great team and great execution of their project. With such an uptrend in cryptocurrency market networks can be the problem. Plus hacking small network for bigger gains will attract more attackers.
True. I think the security will not be the issue for them. I doubt only the speed.
Today creating new digital token isnt enough to make it valuable, companies start creating very specialized blockchain networks with one specified function. This way users get token and app at the same time and both are really easy to understand. App has token called usually the same and all new users without any process of educating them know whats going on.
If we talking about the real usage of cryptocoins this project is one of the best utilization of tokens till now. Companies building existing solutions on the top of blockchain improve them with higher trust and all other benefits of decentralization.
We have a lot of different kinds of messaging platform but how many can guarantee 100% user contract execution without one human error?
Smart contract base platforms like this project are the best way of utilizing blockchain technology in real world
You put it to the point. I think also this is one of the best use for the blockchain, also for testing it. If a blockchain can withhold that amount of users it can extrapolate to other applications.
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I think they are giving valuation to the token by raising that amount. It draws a lot of attention to it.