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kik could pave the way for more mainstream tech company icos

kik could pave the way for more mainstream tech company icos News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



kik could pave the way for more mainstream tech company icos

advertisement the tech industry is about to get its largest clue as to just how mainstream icos can become in the future.most of the estimated $1.7 billion that has been raised this year from icos (initial coin offering), also known as token sales, has been from companies or projects built around the blockchain technology that powers crypto coins like ethereum and bitcoin. most of those token sales have centered around ambitious products that are not yet assembled but will be developed using the proceeds. the companies behind the icos themselves are, for the most part, fairly new, and certainly far less mature than the average ipo candidate.in short, icos have barely touched mainstream tech companies yet.but that all changes this week as kik begins selling its kin token in an ico targeted at raising $125 million that runs from tuesday until wednesday. the sale bucks those ico trends, and it could prove to be a seminal event for the tech industry at large.unlike typical ico companies, kik…was founded in 2009has mainstream traction via its messaging app, with 15 million monthly usershas raised more than $170 million from investors that include chinese internet giant tencentis valued at more than $1 billionbeyond the maturity of the company and popularity of its product, kik’s ico is a huge test of whether crypto coins and blockchain technology can be implemented within an existing, mainstream consumer internet business.applying crypto tokens to an established busine...