Delay in K.im Token Sale Due To Regulatory Uncertainty
Since we announced the K.im Token Sale on the Bitfinex Token Sale platform, the regulatory environment has rapidly evolved. The risks associated with raising funds through the K.im token sale have become clear, and we must put our community’s best interest first and foremost.
After careful evaluation, we regret to announce that K.im Team and Bitfinex Token Sales have mutually agreed not to hold the token sale at this time.
We will defer any decision on whether to create tokens on, or undertake a token issue in relation to the K.im platform until it is fully functional.
In the meantime, the K.im platform project itself will continue and it is likely that an equity based offer will be made some time in the future to qualifying investors who wish to become involved at this stage of the project. For clarity, Bitfinex Token Sales will not be involved in any such equity offer.
We have received remarkable support and will continue building. Stay tuned for more updates.
