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Yuri Molchanđź“° NewsBitfinex to launch a token sale of KIM that is meant to be a utility token on the blockchain and enable content-makers to get direct payments for their work
A major crypto exchange Bitfinex has spread the word about the relaunching its platform for Initial Exchange Offerings, similar to Binance’s LaunchPad.
The first token sale expected to take place there is that of KIM. This is utility token on the K.IM blockchain that works with P2P online content and allows creators to earn money on it.
In this aspect, it is similar to various apps offered by BitTorrent and Tron that promise to make the web decentralized.
K.IM plans to decentralize content monetization
As per the project’s website, the platform aims to help content makers protect their copyright and sell digital content.
The platform aims to connect content-makers and consumers letting the former sell their product from anywhere in the world, and the former use a convenient payment system to reward producers of the content with crypto.
The company has already raked in $2.5 mln of investments from major companies and business angels, such as a Bitcoin permabull Max Keiser.
The intentions of the company’s creator Kim are described on the website as follows:
Kim understands the tremendous potential of the K.im content publishing and monetisation platform, utilising the Bitcache payments solution, to be the innovative disruptor to current broken content publishing models that the online world needs.
In this respect, it is similar to such Tron-based dapp as Book that intends to compete with Amazon in selling electronic books and BLive by BitTorrent. The latter has been recently opened for closed beta trials and is a platform for live streamers who users can reward with BTT.
Similar schemes are now used by other projects too, such as Brave browser. It now allows users to reward their favourite content creators with BAT on such platforms as Twitter, YouTube, etc.
Bitfinex to expose KIM to investors
Pre-registration for the upcoming token sale on Bitfinex’s platform for IEO has been opened already. The sale itself will take place on October 22 and will involve LEO, the recently launched native Bitfinex coin.