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Kik Messenger is shutting down despite the service having millions of active users around the world.

Is Kik Going Away

Online: 5 days ago


Chance Miller. Last month, it was announced that Kik Messenger would be shutting down as the company pivoted to focus on its Kin cryptocurrency. As it turns out, Kik Messenger will live on thanks to an acquisition is kik going away MediaLab. The announcement was made on the Kik blogwith MediaLab committing to continued development of the Kik Messenger application:.

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We aim to achieve this goal by executing a three part strategy:.

Your data. your experience.

Together we will win. Kin is a currency used by millions of people in dozens of independent apps.

But all is not well. Kin has over 2, monthly active earners, andmonthly active spenders. And despite these hard decisions my confidence in Kin only continues to grow. Instead we need to become the first project that is kik going away real demand by getting people to buy Kin to use it.

After 18 months of working with the SEC t h e only choice they gave us was to either label Kin a security or fight them in court. By far.

Get started Open in app. So today we are announcing three things:.

Kik messenger

We are all in. Together these changes will drop our burn rate by eighty five percent, putting us in position to get through the SEC trial with the resources we have. So with the SEC working to characterize almost all cryptocurrencies as securities we made the decision to is kik going away forward and fight.

in Get started. Achieving this will open up a never-before seen source of demand that will be available to everyone in the Kin Ecosystem.

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Together we will get millions of people to buy Kin to use it. Kin operates on an open, decentralized infrastructure run by a dozen independent companies. Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. Going forward our 19 person is kik going away will be focused on one goal: getting millions of people to buy Kin to use it. These are hard decisions.

Moving Forward Boldly with Kin. Crypto Startup Tech Kik Kin. More from Ted Livingston Follow. About Write Help Legal. Open in app. And together we will build a new economy that offers equal opportunity to billions of people.

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Get started. So while the SEC might be able to push us around, taking on the broader Kin Ecosystem will be a much bigger fight.

But no matter what happens to Kik, Kin is here to stay. We are close.

Together we will show the power of the Kin Ecosystem. How they would take our quotes out of context to manipulate the public to view us as bad actors. And the Ecosystem is close to adding a lot more firepower. People who have poured their hearts and souls into Kik and Kin for over a decade.

Kik messenger app to shut down

in. Ted Livingston.

How they would pressure exchanges not to list Kin. And how they would draw out a long and expensive process to drain our resources. Today millions of consumers and hundreds of developers have come together to build this better future with Kin. When it comes to consumer adoption Kin is the most used cryptocurrency in the world.

Kik not shutting down as mystery ‘last-minute buyer’ for popular chat app found

Two years ago we set out to build a new economy that offered equal opportunity to billions of people. While we are ready to take on the SEC in court, we underestimated the tactics they would employ.

While losing Kik will have a big impact on these s, the continued growth of the Kin Ecosystem has more than made up for it. Today most cryptocurrencies rely on speculative demand from exchanges to fuel their crypto business models.

Kik messenger

Instead of selling some of our Kin into the limited liquidity that exists today, we made the decision to focus our current resources on the few things that matter most. Kik is one of the largest apps in the US. It has industry leading engagement and is growing again.

Over employees and their families will be impacted.