Topic: Kin ICO from Kik (Read 2608 times)
still under 1 cent? soon lamborghini and moon
We will still be migrating to a stable alternative blockchain to Ethereum (e.g. Stellar) in the short to medium-term.
We are still in the IPLv2 launch phase and as expected are experiencing plenty of choke points due to the nature of Ethereum's network. This was written about quite extensively in recent blog posts (https://medium.com/kin-contributors/ethereum-challenges-while-launching-iplv2-8a33e1ba5a64).
In the meanwhile we are in the process of benchmarking alternatives, currently Stellar, and verifying their performance is what they claim to be.
However, in the long-term (years ahead) we will probably have to find a solution more tailored to our needs.
Stellar is a great company with plenty of experience and a good, mature, stable product - its blockchain technology. In our opinion it's one of the best out there currently in terms of maturity and transaction scale, which is one of our top priorities to allow us to move forward quickly with our product without wasting time.
Along with this, Stellar's objective as a business is directed to another industry than us, mostly banks, while we target consumers and mobile. We have different requirements that we will compromise for now but will eventually have to tackle later on in some way e.g. Fee predicatbility, smart contract support, mobile-first agenda, etc.
As an established company, it's unwise to focus on multiple top-level objectives at once - in our case building a crypto ecosystem for mass use with a large user base, along with developing an entire consumer grade blockchain technology. The latter is a huge, resource heavy task that can and should be the focus for an entirely separate project. Our relationship with ORBS is to achieve this objective, while still allowing us to focus on the first one. This is a long-term partnership which will take a long time to mature, and will not affect Kin in the short to medium term, which is why I first stated that we will still be migrating to a stable alternative like we said we would.
When all is said and done - The technology we are using now (Ethereum), the one we will be using for the short to medium term (e.g. Stellar), and the one we will be using for the long term (e.g. ORBS) is just a means to and end, and is a secondary objective to the primary one - which is to bring crypto to the masses in a stable, mature, perfomant, and affordable way.
We are still in the IPLv2 launch phase and as expected are experiencing plenty of choke points due to the nature of Ethereum's network. This was written about quite extensively in recent blog posts (https://medium.com/kin-contributors/ethereum-challenges-while-launching-iplv2-8a33e1ba5a64).
In the meanwhile we are in the process of benchmarking alternatives, currently Stellar, and verifying their performance is what they claim to be.
However, in the long-term (years ahead) we will probably have to find a solution more tailored to our needs.
Stellar is a great company with plenty of experience and a good, mature, stable product - its blockchain technology. In our opinion it's one of the best out there currently in terms of maturity and transaction scale, which is one of our top priorities to allow us to move forward quickly with our product without wasting time.
Along with this, Stellar's objective as a business is directed to another industry than us, mostly banks, while we target consumers and mobile. We have different requirements that we will compromise for now but will eventually have to tackle later on in some way e.g. Fee predicatbility, smart contract support, mobile-first agenda, etc.
As an established company, it's unwise to focus on multiple top-level objectives at once - in our case building a crypto ecosystem for mass use with a large user base, along with developing an entire consumer grade blockchain technology. The latter is a huge, resource heavy task that can and should be the focus for an entirely separate project. Our relationship with ORBS is to achieve this objective, while still allowing us to focus on the first one. This is a long-term partnership which will take a long time to mature, and will not affect Kin in the short to medium term, which is why I first stated that we will still be migrating to a stable alternative like we said we would.
When all is said and done - The technology we are using now (Ethereum), the one we will be using for the short to medium term (e.g. Stellar), and the one we will be using for the long term (e.g. ORBS) is just a means to and end, and is a secondary objective to the primary one - which is to bring crypto to the masses in a stable, mature, perfomant, and affordable way.
I think KIN won't fall very much from here. Every time it drops 5% new players enter the market who now believe it's a bargain and are looking at long term profits.
KIN can perform well but it's gonna take them a few more months before will be listed on important exchanges
KIN can perform well but it's gonna take them a few more months before will be listed on important exchanges
Yep, hard for anything worth less than one Satoshi to go further down...that is rock bottom!!! LOL
BEWARE, anything in that price range is a major red flag---that area is reserved for the stinkiest of the shit coins. Just saying.
One that can save the token is to do a massive burn...
I think KIN won't fall very much from here. Every time it drops 5% new players enter the market who now believe it's a bargain and are looking at long term profits.
KIN can perform well but it's gonna take them a few more months before will be listed on important exchanges
KIN can perform well but it's gonna take them a few more months before will be listed on important exchanges
Makes very less sense to invest in a $1.2 Billion valued company in an ICO. ICOs should be hidden gems, under valued ideas/products not already successful and fairly valued companies
The cryptocurrency world is changing and the things that did not make any sense before are normal now.
People are thinking about those 9.2 trillion coins that will still hit the market at a later stage.
Also, it seems to be hard to get in touch with the team or to get updates from them. No Twitter updates since the ICO finished. I quit all slack channels a while ago. Anyone knows what's the latest news on Kin?
Makes very less sense to invest in a $1.2 Billion valued company in an ICO. ICOs should be hidden gems, under valued ideas/products not already successful and fairly valued companies
The cryptocurrency world is changing and the things that did not make any sense before are normal now.
Why should it be normal now? You haven't given any reasons. For me this seems just euphoria and herd mentality which companies are cashing in. Also price seems to be crashing and already below ICO price now
They have very strange token distribution model, but I think it would be successful ICO due to their reliability.
Makes very less sense to invest in a $1.2 Billion valued company in an ICO. ICOs should be hidden gems, under valued ideas/products not already successful and fairly valued companies
The cryptocurrency world is changing and the things that did not make any sense before are normal now.
In general this ICO fairly good, and the product is cool, but I do not understand why they have 120 million
$125m for 10% is too much in my opinion.
it looks like that, but it will take a long time for the rest of the tokens to flow into the circulation.
Makes very less sense to invest in a $1.2 Billion valued company in an ICO. ICOs should be hidden gems, under valued ideas/products not already successful and fairly valued companies
In general this ICO fairly good, and the product is cool, but I do not understand why they have 120 million
$125m for 10% is too much in my opinion.
It's not an opinion, it's a fact
In general this ICO fairly good, and the product is cool, but I do not understand why they have 120 million
$125m for 10% is too much in my opinion.
The main concern I have about the KIN project is the exchange listings, since the project is based in Canada and decided to exclude Canadian citizens from investing in their ICOs makes me believed it falls into security categories and no US exchange will jump to list without studying it very well
The interesting part is that many ICOs exclude their country's citizen to participate.
The latest is Change bank ICO. They are excluding Singaporeans and Estonians. Singapore is their operational HQ and Estonia is where they registered their company.
The main concern I have about the KIN project is the exchange listings, since the project is based in Canada and decided to exclude Canadian citizens from investing in their ICOs makes me believed it falls into security categories and no US exchange will jump to list without studying it very well
In general this ICO fairly good, and the product is cool, but I do not understand why they have 120 million
Apparently their slack channel doesn't accept new members. Does anyone know when the ICO will end and how soon the tokens will be released after that?
Kik messenger is very popular in the US. Kin ICO is successful but I didn't join because they want your dox. I wouldn't give my passport or ID to any ICO. I know they need this due to AML/KYC policies but anonimity is more important for me in this business. It's impossible to trust any company. After it hit exchanges nobody ask for passport, you can buy then if you really want.
1/10 of the tokens will be sold for $125m. So the market cap will be 1.25 BILLION, right?
It looks like this. They have good product, team and comunity. They are not startup. It's good, but the fact that only 1/10 of the tokens will be sold at crowdsale is very strange. This can't be called decentralised at all. Moreover, where do they get another 9/10? Whales?
They keep it.
1/10 of the tokens will be sold for $125m. So the market cap will be 1.25 BILLION, right?
It looks like this. They have good product, team and comunity. They are not startup. It's good, but the fact that only 1/10 of the tokens will be sold at crowdsale is very strange. This can't be called decentralised at all. Moreover, where do they get another 9/10? Whales?
1/10 of the tokens will be sold for $125m. So the market cap will be 1.25 BILLION, right?
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