The cryptocurrency promotion engages one more worldwide famous celebrity: Jamie Foxx is promoting an upcoming Initial Coin Offering (ICO) for Cobinhood, a zero-fee cryptocurrency exchange:
— Jamie Foxx (@iamjamiefoxx) September 18, 2017
Blockchain technology is indeed revolutionary in the spheres of internet and world finance, and also is a major challenge for most of the traders and investors out there.
With so much already done, there still exist significant challenges that crypto currency holders face.
Firstly, most of the exchanges charge a trading fee. Secondly, they do not offer real time trading for their clients, which results in delayed orders. Thirdly, some may not have robust security systems, which results in the loss of crypto assets worth billions of dollars. Also there is often a limitation on the fiat currencies that are supported on these exchanges. And finally, there is usually a large time-gap between investing into the ICO and possibility to trade the tokens in secondary markets.
Being an all-inclusive zero fee exchange platform supporting high-frequency trading activities Cobinhood aims to bring an end to the issues that continue to impede growth in this sector.
In such a way, main advantages that Cobinhood offers are the following:
- Support of multiple fiat currencies catering to a wide range of investors.
- Insurance of all the crypto assets within the exchange enabling investors be sure about the safety of their assets.
- Solid security structures ensuring the safety of clients’ funds.
- 24/7 online support on the platform.
The ICO for this platform is set to start in September. The platform itself is expected to be fully operational in the third quarter of 2018.
It’s needless to say, that getting support of famous people is a great opportunity for startups looking to get additional attention. Some the projects were lucky enough to receive that support.
On Friday, September 15, the boxing champion Floyd Mayweather, one of the most active ICO supporters, advertised ICO project, called Centra, which allows users to spend virtual currency by using its same-named card and digital wallet:
In July, he also made a great promotion of token sale for an open source Bancor-based prediction market platform Stox, which reached its goal in 2 days raising $30M and got additional attention after being advertised by Barcelona striker Luis Suarez, who tweeted about the alpha testing of the platform:
I'm excited about the Alpha launch of the world's best prediction market next week!
— Luis Suarez (@LuisSuarez9) August 25, 2017
This was followed by the last month’s promotion of Hubii Network’s ICO, a new Ethereum-based decentralised content marketplace where “creators and rightsholders can meet distribution networks and reach content buyers directly, all while having total confidence in maintaining the integrity of their rights through the use of smart contracts.”
Earlier this month another crypto enthusiastic celebrity Paris Hilton, TV star and Hilton hotel chain heiress, also participated in promotion of cryptocurrency ICO for Lydian, a new platform that merges blockchain technology with AI driven digital advertising services.