Since we announced the debut of Kimcoin on the Bitfinex Token Sale platform, the regulatory environment has rapidly evolved. The risks associated with raising funds for 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 Bitfinex Token Sales and the K.im team have mutually agreed not to hold the token sale at this time. K.im 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 near future to qualifying investors who wish to become involved at this stage of the project.
The K.im project, which has received remarkable support and has worked incredibly hard, will continue building and we look forward to following the team's progress!