mistergrin posted on June 17, 2019 13:05:03
Disclosure: I'm not a lawyer.
That said, I read very indepth the SEC's action against KIN's parent company Kik and it looks like they are in a world of hurt. I don't care that Kik was able to spin this favorably from a marketing point of view with their Defend Crypto fund. Point is, they pretty much broke ALL the rules that the SEC outlined... AND went ahead with their
Crypto Bear posted on April 13, 2019 03:12:48
Update: After all pretty disappointed in what recently has come out about KIN and shows once again how suspicious everyone should be about any crypto token project, even if it looks totally legit. Even though I am not much in favor of regulators like the SEC sticking their noses into crypto affairs, still I can't really blame the SEC for taking a stance here. Companies that knowingly and willingly
CryptoBox posted on April 21, 2019 09:40:55
The website looks interesting although getting adoption of popular cryptocurrencies is hard so it hard to see a purpose for another cryptocurrency running on Ethereum. Ethereum has its own problems so its hard to believe any product running on ethereum can be a success.
stellarowl12 posted on October 03, 2019 20:30:46
Kin has tried to make itself out to be the victim with its conniving "Defend Crypto" initiative against the SEC. While I do hate the SEC and think it should stay away from most crypto projects, Kin isn't one of them that deserves our sympathy. It's public knowledge now that their core business was a failure and they were struggling to stay alive in 2017 so they decided to raise an ICO
Jason T. posted on June 06, 2019 08:36:48
As of June 2019, the SEC has filed suit against Kik (parent company of KIN). Their long report is damning, you should read it. As much as I support crypto companies and would like open innovation, their claims against Kik seem very strong. (I'm not a lawyer though)
Kik pretty much was a failing business about to die but then they pivoted and did an ICO to get new funds to survive.
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