Understanding Kin: Crypto Economics and Market Dynamics

Ted Livingston, CEO of Kik and the founder of the Kin Foundation, and Patrick Gibbs, partner at Cooley, announce the formation of the $5 million DefendCrypto.org fund at Coinbase Custody to fight the SEC in court. Kik and Kin are hoping that a lawsuit would eventually result in a new Howey test for crypto tokens, to determine which ones are a security. In this episode, they explain has happened so far between them and the SEC to bring them to this point and what their main arguments are. Plus they defend themselves against some of the evidence against their case and we discuss what they can expect going forward.

Read the full show notes on Forbes.com: http://www.forbes.com/sites/laurashin/2019/05/28/kin-launches-5-million-defendcrypto-fund-to-take-on-the-sec/

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Episode links:

DefendCrypto: https://www.defendcrypto.org

Kik: https://www.kik.com

Kin: https://www.kin.org

Ted Livingston: https://twitter.com/ted_livingston

Patrick Gibbs of Cooley: https://www.cooley.com/people/patrick-gibbs

Kik’s Wells response: https://www.kin.org/wells_response.pdf

Kin white paper: https://www.kin.org/static/files/Kin_Whitepaper_V1_English.pdf

The DAO report: https://www.sec.gov/litigation/investreport/34-81207.pdf

Kathryn Haun of A16z Crypto's blog post: https://a16z.com/2019/05/15/kik-and-the-sec-whats-going-on-and-what-does-it-mean-for-crypto/

Importance of the Kik and Kin Foundation case by the Blockchain Association:  https://medium.com/@BlockchainAssoc/the-potential-kik-and-the-kin-foundation-case-has-major-consequences-for-the-open-blockchain-de8ed616a1c

Breaker Mag on Kik's fight with the SEC: https://breakermag.com/how-kiks-looming-sec-fight-could-unfold-and-why-it-will-define-blockchains-future/

Video of Ted at the San Francisco Meetup: https://youtu.be/rqN7srwqRf8

https://www.theblockcrypto.com/2019/01/31/video-shows-kik-ceo-discussing-ico-pre-sale-it-will-become-super-valuable/

Kik chooses Stellar: https://www.coindesk.com/two-chains-no-more-kik-selects-stellar-over-ethereum-for-crypto-token-launch

Kik chooses Stellar and Ethereum: https://www.coindesk.com/ethereum-and-stellar-mobile-messenger-kik-embraces-two-blockchains

Next Web story: https://thenextweb.com/hardfork/2018/12/06/kik-kin-cryptocurrency-blockchain-2/

Kik pre-sale: https://www.coindesk.com/mobile-messenger-kik-raises-50-million-ahead-75-million-ico

https://www.coindesk.com/why-big-investors-are-betting-real-money-on-a-kik-cryptocurrency

SEC Framework: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets

Token Taxonomy Act: https://medium.com/@BlockchainAssoc/the-token-taxonomy-act-is-back-and-we-need-it-more-than-ever-d2cbf0154776

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