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Topics - CoinDesk·

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Messaging service Kik has revealed plans to launch its own cryptocurrency and ultimately create a new ecosystem for digital services.

The new digital token, called Kin, will be launched on the ethereum blockchain, the second largest cryptocurrency by market cap. Today, the company released a white paper outlining its strategy for Kin, how it will be integrated into the app and how it hopes to create a wider ecosystem for buying and selling digital services.

The Canada-based company, which has raised over $120m in VC funding, said the cryptocurrency will "combat the monopolization" of digital services where a large companies exert more and more control over digital services....

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