In its first cases, the SEC has brought violations against Floyd Mayweather Jr. and music producer DJ Khaled involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy.
Following two successful ICO promotions, the undefeated boxer is now advertising a new bockchain startup aimed at simplifying the use of digital currency.
The undefeated boxing champion is to make waves in the cryprocurrency bug as he announces another ICO.
Stox announced the end of the ICO as it has met its goal just two days after the start of the ICO.