As posted yesterday in our Kin ICO analysis, the Kin ICO began this morning at 6am PST. Here’s a few updates:
- Over 17,000 people registered for the Kin ICO
- For first 24 hours, registrants can contribute up to $4,393 (15.20 ETH), then unlimited
- 512,195,121,951 tokens being sold for the equivalent of $75 million in ETH.
- Exchange rate is: $289 = 1 ETH = 1,973,581 Kin.
- Maximum participation cap will be raised over first hour and then removed until all tokens are sold
- No info on specific max contribution amount posted on site, even after ICO went live. Appears only to have the first-24 hour cap.
- Gas limit 200,000