On Thursday, undefeated World Champion boxer Floyd Mayweather delivered a staggering uppercut to ICO (Initial Coin Offering) detractors past times promoting the upcoming Stox.com ICO to his 16.2 ane M k Instagram followers.
A $hit T$n of Money
In the Instagram post, Mayweather tin laissez passer the axe last seen on what looks similar a mortal jet, alongside twenty-five stacks of hundred dollar bills on the tabular array inwards front end of him. In the text accompanying the image, he predicts that he volition "make a $hit t$n of money on August 26th". This is the engagement of his upcoming bout alongside UFC mixed martial arts champion Conor McGregor. He also predicts that he volition "make a $hit t$n of money on August 2d on the Stox.com ICO."
Whether he is predicting the same $hit t$n of money made on both dates is anyone's guess. He is expected to last pocketing a cool $100 million for the McGregor fight. Oh, too inwards illustration you're wondering, $100 bills (with a mustard strap) come upwardly inwards 100 notation stacks, thence 25 x $10,000 way he has a quarter ane M k dollars (assuming they're real) alongside him on the plane. Let me practise to a greater extent than or less maths… nah, I'll stick my cervix out too predict that Mayweather isn't going to brand $100m on the Stox ICO. You heard it hither first.
*cough* Tax Bill *cough*
Perhaps Floyd could role to a greater extent than or less his ICO profits to pay off the $22.2 ane M k dollars he owes inwards dorsum taxes from 2015, the twelvemonth of his biggest payday from his larn by against Manny Pacquiao. He is using the McGregor payday to leverage a temporary reprieve from the IRS, but mayhap he'll convey the money before if this Stox ICO goes well?
A Tax Court petition filed on July 5 states: "the taxpayer has substantial assets," but "those assets are restricted too primarily illiquid." It is a footling fleck difficult to swallow a claim of reduced liquidity from a guy posing alongside $250,000 cash… inwards a mortal jet. But hey, who am I to judge?
Floyd Mayweather's revenue enhancement strategy would knock out your finances https://t.co/oQInYUo9rc
— MarketWatch (@MarketWatch) July 19, 2017
Stox.com?
According to their website, Stox is an opened upwardly source, Bancor based prediction marketplace platform. Built on Ethereum, STX holders volition enjoy continuous liquidity, automatic toll calculation too the might to convert STX to ETH directly, without the ask to rely on exchanges.
They are looking to heighten a (seemingly quite little compared to to a greater extent than or less recent ICOs) $30million investment. Despite existence virtually unheard of previously, subsequently Floyd's promotional post service ane can't imagine they volition convey every bit good much problem achieving that goal. That grade of exposure, to a group, most of whom are belike entirely hearing most ICOs for the get-go time, should create a gilded rush of get-go fourth dimension investors.
It isn't clear whether Floyd Mayweather is intending to genuinely invest inwards the ICO or if this is simply a promotional gimmick. If the latter too thence he had amend spotter out for the FTC (Federal Trade Commission) every bit good every bit the IRS, every bit they've been cracking downwards on undisclosed endorsements. It would last particularly bad if the ICO doesn't larn every bit swimmingly every bit Mayweather hopes.
Do you lot retrieve that Mayweather's advertisement of the Stox ICO is legitimate or simply a publicity stunt? What practise you lot retrieve of celebrities endorsing ICOs? Let us know inwards the comments below.
Images courtesy of Instagram, Wikimedia Commons
The post service Floyd Mayweather Predicts 'I'm gonna brand a $h*t T$n of money' on ICO appeared get-go on Bitcoinist.com.
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