In 2017, Kim Dotcom, the founder of the now-defunct file hosting service Megaupload, revealed a similar service called K.im that planned to give anyone the ability to upload files, documents, code, videos, and music files and get paid in crypto for their work. Since then, Dotcom’s team disclosed there would be an exchange sale for Kimcoin token on the digital asset exchange Bitfinex. However, Bitfinex and the K.im platform team say that “regulatory uncertainty” has caused them to postpone the sale.
Kim Dotcom’s K.im Token Sale Delayed Indefinitely
The token sale for the K.im platform is being postponed according to a blog post from the cryptocurrency exchange Bitfinex. K.im is a project that was created by the notorious Kim Dotcom, the New Zealand native who once operated the popular file-sharing site Megaupload. In 2012, the U.S. Department of Justice (DoJ) seized the website and charged Dotcom with copyright infringement. Since then, Dotcom has been a popular socialite on Twitter and is well known for his appreciation for cryptocurrencies like BTC.
During the crypto bull run of 2017, Kim Dotcom announced his content monetization platform called K.im.
For instance, on October 31, the 11th anniversary of the Bitcoin whitepaper, Dotcom tweeted that “crypto is all about freedom.” Over the last few years, the former Megaupload boss has been working on a project called K.im, a platform designed so users can upload content and be rewarded with small fractions of bitcoin micropayments. News.Bitcoin.com was invited to privately demo the application in August 2017 but the K.im project hasn’t been officially released and people can only demo the app.