Kinance Crypto Coin Rank 4515
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Kinance price in US dollars is currently
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ICO Status
Kinance ICO Details
Token Supply
1000000000000
Security Audit Company
N/A
ICO Legal Form
Foundation
Kin is a decentralized ecosystem composed of a group of digital services launched by Kik. The Kin token is an Ethereum-based cryptocurrency that is to be used for daily online activites such as instant messaging, social media, tipping and payments within the Kin Ecosystem . The Kin token will will also serve as the basis of interchangeability with other digital services.
Team:
- Ted Livingston: CEO, Founder.
- Peter Heinke: CFO & COO.
- Eran Ben-Ari: CPO.
- Erin Clift: CMO.
- Dave Simons: SVP Engineering.
Kin will be holding its ICO on September 12, 2017. The ICO token supply represents 10% of the total token supply, so there will be a total of 100000000000 tokens available at the offering. The ICO is expected to end on September 26, 2017.
Token Reserve Split (90%):
- 30% Preallocated to Kik as the founding member of the Kin Foundation and subject to a long-term vesting schedule;
- 60% Under the purview of the Kin Foundation, locked under the Kin Rewards Engine schema, and used strategically to grow the Kin Ecosystem and fund the operations of the foundation;