by Alexander Romero 
Kim Dotcom will launch his K.im token in an IEO on Bitfinex.
Initial Exchange Offering, which is the equivalent of an ICO (initial coin offering) but on a crypto exchange.
Kim Dotcom is back on the scene to talk about the launch of his token, the K.im token.
K.im by Kim Dotcom as his slogan says.
He was a lot in the news when the New Zealand police stormed his house to arrest him because of his activity in illegal streaming of movies on the internet, Megaupload.
The big American studios seeking to have him arrested and convicted, he was in the process of being extradited to the United States.
The procedure and the legal battle with the United States over Megaupload are still relevant.
It seems that Kim DotCom continues his life quietly and will therefore launch his token in an IEO on the Bitfinex crypto exchange.
The K.im token would aim to build a content network powered by the blockchain.
“Providing a full range of advanced services and technologies to manage, protect, and sell all digital content,” says the token website.
The main use cases of the KIM token will be to buy content, which will allow content creators to offer buyers “benefits and bonuses” and support a loyalty and rewards program for members.
“The combination of the Internet with Bitcoin gives us a real chance to realize the initial promise of the Internet, free speech, trade and finance,” said Kim Dotcom.
Following his legal concerns with the United States and Megaupload, we can therefore ask questions about the legitimacy and legality of this new blockchain project.
K.IM’s marketing arguments promise the network “to allow any publisher and content creator to publish and sell its digital content.”
It could also be just an opportunity to make money by surfing the crypto and blockchain fomo.
“Technology allows users to sell their content.
K.im does not know what content they will sell because it will be stored on the storage service of their choice and encrypted with the publisher’s key, “Dotcom said.
Kim DotCom is therefore considering perhaps creating a kind of darkweb of digital content where it will be more difficult for copyrights holders to track pirated videos and movies that will be made available to buyers.
This can of course be used by content publishers to sell their own content but with the past of Kim Dotcom, we immediately think of the first option…
Kim Dotcom did say this:
“K.im aims to respect the rights of copyright holders by establishing usage rules relating to the misuse of copyright under the terms of use” as K.im takes these issues seriously”.
It is therefore only conditions of use, nothing binding and without any verification therefore.
The KIM tokens are expected to go on sale on October 22, 2019, but will not be listed on Bitfinex before the launch of the platform in the third quarter of 2020.
It remains to be seen whether Kim DotCom will attract many investors for his K.im token in a bear crypto market that is waiting for a reversal of prices with altcoins which are often still at 90% loss compared to prices end of 2017…
