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Kin (KIN) Offers Short-Lived Token Swap Window for ICO Token Holders

Published 03/18/2019, 04:16 AM
Updated 03/18/2019, 05:51 AM
© Reuters.   Kin (KIN) Offers Short-Lived Token Swap Window for ICO Token Holders

Holders of Kin (KIN) tokens by the Kik chat app will have to move fast to swap to the new asset, unless they want to lose their funds. With roughly 10,000 backers in one of the largest ICOs, the Kin project was unclear about what type of asset it would hold. The new KIN2 tokens will replace the initial ERC-20 token.

In a Medium post, the project describes the token swap process. The decision to migrate to a native blockchain goes against the previous readiness to support a double-asset structure. The deadline to migrate KIN tokens to KIN Coin is June 12, using a swap service. The swap will also be performed automatically by exchanges, provided all token holders d...

This article appeared first on Cryptovest

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