thereum and Stellar? Kik's Kin Token to Use Two Chains by hussnain

news · @hussnain · Mar 23 '18

$0.02

thereum and Stellar? Kik's Kin Token to Use Two Chains

One crypto token on two different blockchains?

While it might sound unlikely, social messaging app Kik has announced it'll be doing just that with its "kin" token, which allowed the company to raise $98 million in an initial coin offering (ICO) in September. After some back and forth about which blockchain the company wanted to host its crypto token on, Kik has decided to use ethereum (on which the tokens were first launched) for liquidity and stellar for transactions.

The decision comes only a few months after CoinDesk reported that Kik was thinking about moving its crypto token fully off ethereum and onto stellar due to high transaction fees and slow confirmation times plaguing the ethereum network.Readmore: https://www.coindesk.com/ethereum-and-stellar-mobile-messenger-kik-embraces-two-blockchains/
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👍 worldclassplayer, travelsickness, isabella2k18

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