After selling $100 million’s worth of KIN tokens in an ICO, the Kik company started its long-drawn decline, exacerbated by the altcoin bear market. This September 23, Kik announced the closing of its flagship app, Kik, which was supposed to give value to the KIN token.
Now, the project will turn into a run-of-the-mill crypto startup with a staff of 19 and a token that has to be lifted off the ground. The KIN asset sank deeply on Tuesday, only recovering slightly to its usual level of $0.000009. KIN also sank under 1 Satoshi.
The Kin Foundation shared future plans for the asset. Now, the team will look for ways to find new buyers for the token, as outlined in a