Mayweather Investing on STOX ICO
Images are from Floyd Mayweather's IG.
Floyd Mayweather announced on his Instagram that he is going to invest on Stox ICO this coming August. Although ICOs might be a bad introduction to blockchain technology, this is still a huge deal for blockchain and crypto community in terms of publicity and opening the door for mainstream audience to be curious and learn about blockchain and cryptocurrencies.
Im not familiar with Stox ICO but here is a link from coins.best website regarding what it is.
Not sure how I feel about this ICO, I'm reading that the people associated with backing of the ICO are a shady bunch.
ICOs are getting out of control. Best to stay away from them.
I agree - they're riding Bancor and the Ethereum blockchain. I'm not a big fan of the Bancor algorithm/value proposition. I'm worried about a possible pump and dump given Mayweather's statement. But it may be good for a quick buy and sell.
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