I was scrolling through my instagram feed (again...) to see a picture of Floyd in a new suit, only to read the caption stating:
"You can call me Floyd Crypto Mayweather from now on...Hubii. Network # ICO starts tomorrow! Smart contracts for sports?!".
I sat there just shaking my head. Again? He did it again? Yes he did, and this time it was for Hubii. Hubii's goal is to create a decentralized content market place based on the Ethereum network. The idea is to have a content market place where creators and rightsholders can meet distribution networks and reach content buyers directly.
The question one must keep asking themself is where are Floyd's lawyers throughout this promoting and will the SEC bring the hammer down? Floyd did the same thing with the Stox.com ICO last month. I was surprised that his lawyers didn't seem to stop him from pumping the previous ICO, even though just days before in July the SEC ruled The DAO tokens are considered securities after the debacle it faced when it lost $7 million worth of ether when it's ICO got hacked. The SEC seems to be tip toeing around the cryptocurrency space for the time being, waiting for their time to swoop in when people get burned.
So far Stox.com ICO is up about 85% at $2.20 (as of writing) from it's initial market price of $1.20 on August 5th. It's definitely a coin to watch in the future to see if this marketing strategy works for them. Either way, millions of people just got introduced to cryptocurrency and ICOs. The cryptocurrency space seems to be everywhere you look now. I hear more and more people talking about it or asking questions about it. The speculation is even worse (I will right another article covering this in the near future.) Just type in "Bitcoin 1 million" into google. This space is seeing exactly what we saw with the inception of the internet and the NASDAQ run of the late 90's into 2000 that led to the meltdown of the tech sector, also known as the dot.com crash. The Dutch Tulip Mania of the 17th century is another example. Rare tulips with different colored bulbs began being speculated upon and traded. This led to excess speculation to the point where one Bulb was being traded for a plot of land. We can look at a majority of cryptocurrency and say the same. A lot of coins are simply inflated because of the success of Bitcoin, Ethereum, and other alt coins. If you don't think this is true, just go over to Coin Market Cap and scroll down the through "all list". You will notice there are coins with 8 figure market caps that have no website or any social media sites. Though cryptocurrency is still very new to the majority of the public, you have to remember it is 9 years old now. People have been in this since 2009.
Tell me in the comments what you think about the future of cryptocurrency at the rate it's going at?
If you liked this content, please upvote, comment, share, and resteem it!
Thanks!