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Kik Messenger is shutting down despite the service having millions of active users around the world.

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But all is not well. Instead we need to become kik away project that creates real demand by getting people to buy Kin to use it. And going we will build a new economy that offers equal opportunity to billions of people. Together these changes will drop our burn rate by eighty five percent, putting us in position to get through the SEC trial with the resources we have.

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We are close. And the Ecosystem is close to adding a lot more firepower.

Together we will get millions of people to buy Kin to use it. Achieving this will open up a never-before seen source of demand that will be available to everyone in the Kin Ecosystem. in. Get started Open in app.

Company shots.

These are hard decisions. While we are ready to take on the SEC in court, we underestimated the tactics they would employ. Together we away show the power of the Kin Ecosystem. Today millions of consumers and hundreds of developers have come going to build kik better future with Kin.

When it comes to consumer adoption Kin is the most used cryptocurrency in the world.

Ted livingston

How they would pressure kik not to list Kin. And how they would draw out a long and expensive process to drain our resources. So with the SEC working to characterize almost all cryptocurrencies as securities we made the decision to step forward and fight.

While losing Kik will have a big impact on these s, the going growth of the Kin Ecosystem has more than made up for it. Going kik our 19 person team will be focused on one goal: getting millions of people to buy Kin to use it. And despite these going decisions my confidence in Kin only continues to grow.

Cash community

We are all in. Open in app. After 18 months of working with the SEC t h e only choice they gave us was to either label Kin a security or fight them in court.

Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. Two years ago we set out to build a new economy that offered equal opportunity to billions of people.

Moving Forward Boldly with Kin. Crypto Startup Tech Kik Kin. More from Ted Livingston Follow. So while the SEC might be able to push us around, taking on the broader Kin Ecosystem will be a much bigger fight.

By far. We aim to achieve this goal by executing a three part strategy:. Kin operates on an open, decentralized infrastructure run by a kik independent companies. How they would take our quotes out of context to manipulate the public to view us as bad actors. Kin is a currency away by millions of people in dozens of going apps.

Together we will win.

About the author

Kin has over 2, monthly active earners, andmonthly kik spenders. Instead of selling some of our Kin into the limited liquidity that exists today, we made the decision to focus our current resources on the few things that matter going. But no matter what happens to Kik, Kin is away to stay. Get started. Kik is one of the largest apps in the US.

It has industry leading engagement and is growing again.

Over employees and their families will be impacted. in Get started. So today we are announcing three things:.

Ted Livingston. About Write Help Legal. People who have poured their hearts and souls into Kik and Kin for over a decade. Today most cryptocurrencies rely on speculative demand from exchanges to fuel their crypto business models.