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Written by Richard

Financial journalist

Sep 04, 2019

Being originally based on the Ethereum protocol, Kin (KIN) cryptocurrency had swapped to its own mainnet later. As of now, following to infamous failure of its issuing company Kik with 99% fall of the coin’s value, this digital asset is hardly listed on a few exchanges. 

KIN token’s ICO raised almost $100 mln in 2017. Two years later, the U.S. SEC files a lawsuit in regards to this ICO campaign. This resulted in cutdown of the company’s activity along with the sale of its popular messaging platform to MediaLab. 

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