17,075 People from 139 Countries Registered to Participate in Kin TDE

We’ve truly been overwhelmed with the outreach and support received over the past two weeks. Registration for the Kin token distribution event (TDE) officially closed on Saturday, September 9, 9:00 a.m. ET. Over a two-week period, a total of 17,075 people from 139 countries registered and were approved to participate in the sale, demonstrating that Kin is an active and global community.

Those who completed registration and were approved to participate in the Kin TDE will be able to do so in two phases:

  • On Tuesday, September 12, at 9:00 a.m. ET, the TDE will start, and participants will have 24 hours to send us up to $4,393 in ETH from the Ethereum address provided during registration (individual cap: $75 million/17,075 participants). ETH that is sent from any other address, or ETH that is above the maximum participation amount will be rejected. Please note that in structuring the sale this way, not all of the $75 million will be sold in the first 24 hours — any registered participants who later decide not to participate at all or at the or maximum participation cap will result in unsold tokens.
  • On Wednesday, September 13, 9:00 a.m. ET, the remaining tokens will be sold in a subsequent sale for registered participants who would like to buy more than the maximum participation cap. Update: The individual participation cap will be removed until all tokens are sold. The sale will run until Tuesday, September 26, 9:00 a.m. ET or until all tokens are sold.

*Update: There are 512,195,121,951 tokens being sold for the equivalent of $75 million in ETH. The exchange rate is: $289 = 1 ETH = 1,973,581 Kin. This was determined using the volume weighted average spot rate from the top 12 exchanges on tradeblock.com at the time the smart contracts were deployed.

The sale will only take place on kin.kik.com. For more information on how to stay safe in our channels, please read “Staying Safe in Kin’s Channels.”

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