Sentences with phrase «kin tokens»

It's a pretty big deal and, early last year, the company raised more than $ 100 million by way of a proprietary token sale — as part of which it issued KIN tokens to participants.

If some of those ERC - 20 kin tokens never make it to the Kin app, the equivalent amount of stellar kin tokens will never be unlocked, either.

First, 900 billion stellar - based kin tokens will go live that Kik users can earn and spend, then during the second phase, users will be able to move those stellar kin tokens off the Kik app to create ERC - 20 kin tokens, which can be traded on secondary markets for other cryptocurrencies and crypto tokens.

Using atomic swaps, an in - progress technology that allows cryptocurrencies to be traded across blockchains, the company will lock up a kin token's stellar half when its ERC - 20 (the ethereum standard for crypto tokens) half leaves the app, and vice versa.

Not exact matches

While Kik said it would move its «kin» crypto tokens off ethereum and onto stellar, today it announced it was allowing the tokens to live on both.

While Kik's crypto token wallet is available for use, it doesn't activate beyond a preview until kin is loaded into it for the first time.

For Kik, the crypto token is about allowing users of its platform to purchase digital goods and in the future, even physical goods more easily, and according to many industry stakeholders, the launch of kin will be an early test of whether this pans out.

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.

In that way, the new stellar tokens should not have an effect on kin's price.

The firm created the ethereum - based token - called «kin» - with a plan for it to become a tradable internal currency within Kik's social media universe.

There, Kik's head of blockchain engineering and security, Leonid Beder, said the firm was interested in «kin» token buyers» views on possible alternative blockchains that could replace ethereum.