Digital Asset Research has initiated coverage on the KIN ICO and will publish its report on Monday, September 11, 2017. The ICO is expected to be one of the most popular ICOs of September. It will commence on September 12, and more than 15,000 individuals from more than 130 countries have already registered to participate.
KIN is being released by Kik Interactive (Kik), a Canadian company that is known for its Kik Messenger, an instant messaging app predominantly focused on the teenage and young adult market. It has about 15 million monthly active users and supports about 250 million daily messages. Kik has raised about $120m in venture financing but has struggled monetizing the platform. Through KIN, Kik hopes to develop an ecosystem of disparate apps that are connected through a single token that can be used throughout the ecosystem.