ICOs before Cos

  • Token sale proceeds go to building the network. 100% of proceeds from the Kin sale should go to the Kin non-profit, let’s call it kikkin.org. Zero dollars should go directly to Kik Inc, which should only profit as a function of long-term token appreciation.
  • Prioritize the transition to decentralization. kikkin.org should use the proceeds of token sale to pay Kik Inc for the work it does on Kin at cost and/or should be allowed to hire members of Kik’s team and do this work directly.
  • Developer neutrality. kikkin.org should not pay for Kik’s client development or other corporate projects. This creates an unfair advantage for Kik over other token owners/developers within the ecosystem. Kik’s comp for bootstrapping the network should be 100% token-based. Kik may even want to donate their centralized infrastructure/code to kikkin.org and operate it on a contract (fee) basis during he transition period.
  • Value Alignment. Kik Inc’s tokens should be put in escrow with kikkin.org and they should vest into them over 10+ years (there appears to be some TBD vesting in the proposal), with a three to five year cliff. This will assure they are all-in on building network value beyond the current hype bubble. Existing employees, investors, etc should not be issued vested shares.
  • Equity Alignment. Kikkin.org should be issued equity in Kik Inc for its token allocation. Equity will assure further alignment between Kin and Kik, and assure that if there is a liquidity event for Kik Inc, the network and its investors who helped achieve it will benefit.
  • Investor Validation. Kik’s investors should not be issued tokens for free, but Kik could let them go to the front of the line. Their investment in the network would be a vote of confidence, just as any Kik equity holder or employee cashing out tokens is the opposite.

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User Generated Discontent

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Parker Thompson

Parker Thompson

User Generated Discontent

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