The announcement reads:
“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.”
The IEO was scheduled to happen on Oct. 28 and planned to raise $8 million to foster the development of the K.im project. But, following an in-depth discussion of the regulatory environment in the industry, both teams “mutually agreed” to halt the token sale.
The very highly viewed YouTube show “IVAN ON TECH” helping promote K.IM Tokens.
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