Is the Kik Messenger app turned off
Kik Interactive Ted Livingston CEO made a major announcement in late September 2019 on a medium blog.
Kik's messaging app, which was very popular, has become even more exotic. CEO Ted Livingstone has announced that the company is closing the KIK messaging app and focusing entirely on its cryptocurrency Keen. It is an attempt on the part of the company to save money in its fight for the Securities and Exchange Commission on whether the ICO should be considered as collateral.
On September 24, 2019, a number of news outlets reported that the Kik messaging app will close. According to BP
Kik Messenger is turned off even though the service has millions of active users around the world.
The company said it had shut down its messaging service so that it could focus on the Kin cryptocurrency it also created.
This news was a shock to many KIK users, especially as at this writing, no official statement about the shutdown of the messenger app has been posted on the company's website or official Twitter or Facebook pages. To further confuse matters, an unrelated trick was circulated about Ted Livingstone, CEO of Kik Interactive, following these reports.
Livingstone announced that the application of Kik messenger was closed in an intermediate blog published on September 23 about the company's legal battle with the US Securities and Exchange Commission (SEC) over the cryptocurrency. Livingston wrote that the company's legal battle with SEC had drained resources and led to some difficult decisions, such as closing the messenger app.
Livingstone notes that in order to continue the fight against SEC, the company takes three actions: shutting down KIK completely, shooting over 100 employees to shrink the company into a "team of 19 people", and focusing exclusively on "converting Kin users to Kin" buyers.
The plan to continue fighting the SEC seems rather ambitious, given the current state of Ken and how it relates to KIK. Livingstone continues to explain, “Most cryptocurrencies today rely on speculative demand from stock exchanges to supply their crypto business models. But Kin is not available on most exchanges, so we cannot rely on speculative demand.”
Instead, the company plans to get customers to actually buy and use Kin - a long demand for any cryptocurrency, and much less faces opposition to this type of Kin. Livingstone says the company has a plan for that as well, with the rest of the staff expanding the Kin blockchain to support more transactions, working with developers who support Kin, and building a new mobile portfolio to buy Kin.
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