Kik Might Move Its ICO Tokens to a New Blockchain

Kik, a company that was one of the first to use an initial coin offering (ICO) on ethereum, is considering whether it might migrate its token network to a new blockchain
16 November 2017   1705

Despite the role of Kik's role in in popularizing the ICO concept, this move is not unique for blockchain startups. For example, in the past, startups token networks on top of the bitcoin network have migrated to other alternatives, most often ethereum.

The social messaging platform, which raised $98 million in its token sale earlier this year, first announced subject late last month on the Kin Foundation's Telegram tech channel. There, Kik's head of blockchain engineering and security, Leonid Beder, said that the firm was interested in "kin" token buyers' views on possible alternative blockchains that could replace ethereum.

One of the most important reasons for the exploration are the costs inherent in using the ethereum platform, as well as Kik's specific goals for its token.

Early applications for the kin token are likely to monetize what people already do on Kik for free. For example, artists currently create stickers that users can send with messages on the Kik platform. With kin, artists might then be able to exchange stickers for value.

When ethereum developers have discussed technical solutions that execute transactions off-chain to scale the protocol and lower transactions fees, those have yet to go live.

The kin ICO attracted 10,026 people who invested 168,732 ether in the sale.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   104

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.
 

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.