Bitfinex exchange announced that it has called off its token sale for K.im due to regulatory uncertainty in a blog post published on November 6.
The interest of its community has to be the topmost priority with regards to the risks that come with raising funds for the K.im token sale, the exchange stated.
After careful evaluation, we regret to announce that Bitfinex Token Sales and the K.im team have mutually agreed not to hold the token sale at this time. K.im will defer any decision on whether to create tokens on or undertake a token issue in relation to the K.im platform until it is fully functional.
K.im project platform will still be functioning and it is likely that an equity-based offer will be made sometime in the near future to qualifying investors who wish to become involved at this stage of the project.