Academy Award-Winning Actor Jamie Foxx Promoting Initial Coin Offering

September 19, 2017 5:18 pm Published by

The cryptocurrency promotion fray has a new celebrity endorsement – Academy Award-winning actor Jamie Foxx – who is currently promoting an upcoming initial coin offering (ICO), Coindesk reported.

In a Tweet, Foxx promoted the token sale of Cobinhood, which is being advertised as a zero-fee cryptocurrency exchange, the report said.

That sale is currently underway, the report said, netting approximately 17,840 ethers, or roughly $5.1 million currently.

With the promotion, there appears to be no letdown in the number of celebrity endorsements for cryptocurrency-related projects, the report said.

Previous reports reveal celebrities such as boxing champion Floyd Mayweather, Jr., socialite Paris Hilton and rap artist The Game have promoted upcoming or now-completed token sales, Coindesk reported.

To date, more than $1.8 billion has been raised through the funding model, according to data from CoinDesk’s ICO Tracker, the report said., Jack Durschlag

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