Tag Archives: Kik

Kik CEO Drops Ethereum for Stellar, Claims Poor Scalability

Ted Livingston, CEO of the Canadian messaging application Kik has opted to step away from Ethereum for company’s ICO token, and partner with Stellar instead. This move comes after a successful ICO which generated close to $100 million spanning across 117 countries. Although Ethereum is widely used for initial coin offerings, making it the most […]

Kik Messenger Team Moves Away From Ethereum Blockchain due to Scaling and Fee Issues

The Kik Messenger ecosystem has been pretty interesting to keep an eye on. After a successful ICO, the company is now building their main infrastructure for their new ICO token. Unfortunately, the team feels Ethereum is not a good choice in this regard. Both the altcoin and technology to power everything will be moved to […]

Kik Ditches Ethereum “The Dial-Up” Cryptocurrency

Altcoins Ethereum is often promoted as the ultimate solution for decentralized apps, with some even claiming that it will be the substrate for developing all software in the future. This grand vision is in conflict with current reality however where ethereum now can’t even hold onto one of its biggest mainstream adopters, […]

Kik presses ‘paws’ on cryptocurrency launch, blames blockchain cat craze

Cuddly, adorable digital kitties trading on the Ethereum blockchain are to blame for a delay in distributing Kik Interactive Inc.’s new cryptocurrency to users of the Waterloo, Ont.-based messaging app. In a Q&A streamed live online Wednesday, Kik chief executive Ted Livingston said the network congestion caused by the CryptoKitties craze is an example of […]

Ethereum is the ‘Dial-Up Era of Blockchain,’ Says Kik CEO

Ethereum is the ‘Dial-Up Era of Blockchain,’ Says Kik CEO Announcements, Blockchain, News | December 15, 2017 br> By: David Pimentel Canadian mobile messaging app Kik is migrating away from the ethereum network and is leaning toward a different blockchain, Stellar network. Founded in early 2014 by Ripple co-founder Jed McCaleb and Joyce Kim, Stellar […]

Goodbye Ethereum: Kik Plans to Move Its ICO Tokens to Stellar

Mobile messaging startup Kik is planning to shift its Kin token network from ethereum to Stellar, CEO Ted Livingston confirmed on Wednesday. Speaking in a live question-and-answer session on YouTube, the company’s founder explained that ethereum’s blockchain – which the app is presently based on – is unable to scale to the level that Kin needs, among other […]

Kik Might Move Its ICO Tokens to a New Blockchain

Kik, the first mainstream company to complete an initial coin offering (ICO) on ethereum, is reportedly considering whether it might migrate its token network to a new blockchain. The social messaging platform, which raised $98 million in its token sale earlier this year, first broached the subject late last month on the Kin Foundation’s Telegram tech channel. […]

Kik Raised Nearly $100 Million By Selling Its Own Cryptocurrency

Kik, a chat app popular with teens, raised almost $100 million by selling its own cryptocurrency during an initial coin offering, or a token sale, the company announced on Tuesday. According to a Kik blog post, the company sold Kin, Kik’s cryptocurrency based on the Ethereum blockchain, to 10,000 people from 117 countries. TechCrunch reports […]

Messaging App Kik Bets on Teenagers to Take Cryptocurrency Mainstream

Messaging has come a long way. Pixabay Bitcoin and cryptocurrency are worth multiple billions, but internet money is still a long way from mainstream. Which group has always had the power to take something weird and make it normal? Teenagers. Lots of people vaguely know what bitcoin and ether are, but they have never opened […]

Why Big Investors Are Betting Real Money on a Kik Cryptocurrency

If there were any doubts about whether Kik would be able to attract investors to its initial coin offering (ICO), it’s safe to say they have been put to rest. In an announcement yesterday, the mobile messaging app provider revealed it has already raised $50 million from investors to launch its new “kin” token, and that it […]

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