Kik Interactive, the developer of chat platform Kik, announced on August 29, 2017, its new digital currency Kin’s upcoming token distribution event (TDE) on Tuesday, Sept. 12, 2017 at 9:00 a.m. ET.
Kik said it had successfully closed a pre-sale round of US $50 million to select accredited investors, including Blockchain Capital, Pantera Capital, and Polychain Capital.
The pre-sale closed in July. [mepr-active rule=”374″ ifallowed=”hide”]★Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! ★[/mepr-active][mepr-active rule=”374″] Kik Interactive raised US $49,591,500 from 50 investors on July 3, 2017. The deal was structured as rights to receive Kin tokens in the future via a Simple Agreement for Future Tokens (SAFTs). [/mepr-active]
Kik looks to raise a total of US $125 million through its token sale. Kik said 17,075 individuals from 139 countries have registered to participate in the token sale for the additional US $75 million.