Topic: Kin ICO from Kik - page 2. (Read 2608 times)

What percentage did Status give out to the public?

The KIN project is pretty similar to Status though. Status also had an ICO with a high cap. They collected around $90b if I'm not mistaken. There will be almost 7 trillion ! tokens in circulation. And while more SNT tokens were distributed during the ICO, they are currently trading about 4x lower than during the ICO.

I bought my SNT tokens at around 0.00001 BTC but they have still lost a lot af value since then (-44%). If this is any indication for the future of KIN then it's clear we'll need a lot of patience. I still believe in the long term success of these platforms though, so I'll hodling for a long time to come.

I ALMOST bought some kin but last minute I told myself no I want to keep my Ether

Yes, I have some Status, and I'm watching Kin but not joining the ICO. I too would rather keep my Status tokens.
I am keeping a close eye on Kik/Kin as a rival. I can't see why they really need a token for what they're doing, but obviously they're an established company with a big reach, so they can't be ignored.

Why distribution plan isn't interesting?
and Whitepaper looks good

I was planning to join Kik ico but it wanted so much information (including passport). And their distribution plan isn't interesting for profit seekers.

Haha, it's part of their securities KYC, it might be the new normal in ICOs.

Can I just say that you should take a look at SLVR ICO.

KIK is a good ICO, the only thing that concerns me is that they ask too much personal information for participation, maybe they should ask a DNA sample too from us.

In fairness, they didn't do any ANN or Google ads, so to get such traction is purely base on Kik's brand name. This is not an endorsement though, since I am also not sure if I should buy, am on the fence given a paltry 10% for public.

That's fair assessment since OMG is already over a billion without a working product, however to give 10% somehow still spooks me, I am on the edge.

Btw, did they do an ANN / BOUNTY in the forum, not that I recall.

so, how soon do you think the ico will end after the cap is pulled tomorrow? i'm wondering because i feel like the hype around this ico is not strong enough, but i might be wrong.

It's not going slowly. The first day of the ICO they allow everyone the opportunity to get an equal share of tokens. So the max you can buy today is $75 million / ~17,000 registered = $4393. Since obviously most people will not be buying the max amount there will be plenty of coins left to buy when the cap is pulled. And it lasts 24 hours so there is no rush to get them right when the ICO started. Tomorrow is when the buy cap is pulled and people can buy as much as they want until the token supply runs out. So far I think almost a quarter of the participants (~2000) have bought the max amount today, so likely a lot of them, plus others, will be buying up whats left tomorrow.

You have to get into the whitelist, the white list registration closed a few days ago, so you cannot participate in the ICO.

ICO is going really slow i think. They only collected 15m usd so far (20% of what they aim to collect).

It will be 125 million based on their whitepaper. It will be more after year inflation.

Overall i'm bullish on this anyway because of the potential hyipe with big project from the real world.

They are already an established platform and this token is just for tokenising their platform rather than increasing the capital.

I am always interested in newly emerging ico but also need detailed information related to the program to be created. So it will not be too hard to find the original thread. I wait for update from ico that will run this if it really exists.

Can someone tell me how you participate in this? Is the registration over?

I bought a bunch of Kin through the ICO today. Granted the fact that only 10% of the coins are released in the ICO is a bit worrying for the price, but from what I understand the rest will be used for a combination of future funding for Kik as well as a reward system in-app for content creators. So it makes sense they kept a bunch to hand out as payments to content creators in the future. It should take several years for the full coin supply to be on the market.

This is the only crypto that I'm aware of that actual has an existing userbase and actual use cases - it will be the in-app money. While that might give it a lower max usage than coins that aren't tied to a single app, it also means it has about 1000x the real world use that any other coin has right now other than Bitcoin and Ethereum.

$50 million were sold at a discount in a pre-sale. So if we go on the price of 1 Kin in the public ICO ($0.000146...) then the starting market cap of the 1 trillion Kin tokens that will be on the market is $146 million. Personally, for a token that has an actual use case (the currency of a popular app) and an existing user base, I can definitely see the market cap of this first trillion tokens hitting over $1 billion, Perhaps 10x'ing from the ICO price to $1.46 billion, I don't think that's a stretch at all. Plenty of the billion-plus market cap tokens will never actually be used for anything, so there's a good chance Kin will get up there IMO.

I don't like the fact that I have to give all my personal information to them. This is the reason I don't support it.