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Kik CEO claims an ICO is better than venture fundraising
Ted Livingston, CEO of messaging app Kik, spoke on stage at TechCrunch's event in Shenzhen, China on Tuesday. Moderator Jon Russell asked him about why the company is doing an initial coin offering (ICO), a newly popularized method of fundraising. It'sa way to raise funding and a way to get money into the company, he said about the ICO. The introduction of Kin payments into the community will turn Kik into an economy for its millions and millions of monthly active users.
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