# Kin Token Distribution Event Starts Today
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-09-13
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Join the Kin Token Distribution Event: Raise US$125M
Meta Description: Join the Kin token sale on Sept. 12 to help raise US$125 million for Kik Interactive. 17,075 people are already registered - be part of the action!
URL: https://financedigest.com/kin-token-distribution-event-starts-todayhtml

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_17,075 People Have Registered to Participate; Token Distribution Event Expected to Raise US$125 Million_

[Kik Interactive](https://www.kik.com/), the creator of the popular chat platform Kik, today announced the Kin token distribution event (TDE) will commence on Sept. 12, 9:00 a.m. ET. To date, 17,075 individuals from 139 countries have [registered to participate in the token sale](https://www.financedigest.com/sales-of-moissanite-market-to-register-stellar-growth-in-the-next-10-years.html "Sales of Moissanite Market to Register Stellar Growth in the Next 10 Years"), in which Kik will look to raise a total of US$125 million.

TDE participants will have 24 hours starting on Sept. 12, 9:00 a.m. ET to participate up to US$4,393. This individual cap was determined by dividing the available US$75 [million by the total number](https://www.financedigest.com/ryanair-passenger-numbers-rise-in-august-to-11-1-million.html "Ryanair passenger numbers rise in August to 11.1 million") of registrants. In doing this, we are guaranteeing that not all of the US$75 million will be sold — registered participants who later decide not to participate at all or at the or maximum participation cap will result in unsold tokens. On Sept. 13, 9:00 a.m. ET, these unsold tokens will be sold in a subsequent sale for registered participants who would like to buy more. The maximum participation cap will be incrementally raised over the first hour and then be removed until all tokens are sold.

Kik has already raised [US$50 million in a presale round](https://www.kik.com/blog/kik-announces-highly-anticipated-token-distribution-event/), leaving 512 billion Kin tokens valued at US$75 million available for the public token sale. Notable participants of the pre-sale included Blockchain Capital, Pantera Capital, and Polychain Capital.

Only those who completed registration before Sept. 9 can participate in the TDE, which will only take place on [kin.kik.com](http://kin.kik.com/).


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