THELOGICALINDIAN - Mark Cuban the acclaimed broker and Bitcoin agnostic is planning to advance in his aboriginal ICO the esports action belvedere Unikrn
In the aftermost brace of months, added and added projects and startups are adopting money through an Initial Coin Offering or ICO.
Status is addition archetype of a startup that aloft money through an ICO process.Within 24 hours, the startup was able to accession abutting to $100 actor in funds. But some analysts and experts absolutely anticipate that the accepted accompaniment of ICOs may be damaging for the cryptocurrency ecosystem.
In a contempo tweet, William Mougayar, who organized a Token Summit in New York, criticized this accepted “Gold Rush” mentality of ICOs.
Although abounding experts accept a breach assessment on the ICOs, abounding see it as the future of adventure commercialism and the way VC firms will accession money in the future.
In a contempo tweet, acclaimed broker and buyer of the Dallas Mavericks Mark Cuban afresh tweeted about the accepted Bitcoin amount spike, calling it a “bubble”.
Despite his skepticism of Bitcoin, Cuban was quick to accede the amount and abeyant of Bitcoin’s basal technology – the blockchain.
Given his assessment of the cryptocurrency, it is conceivably a bit acrid that Mark Cuban has invested in an e-sports action startup – Unikrn – which is planning to barrage an ICO aural the abutting brace of months. In a address from CNBC, the broker said that he is acceptable activity to advance in Unikrn’s official badge sale, although he has declared that he hasn’t active any accompanying paperwork yet.
The Seattle-based e-sports action belvedere is planning to barrage an ICO and administer UniKoinGold tokens. On the official website the Unikrn team describes the UniKoinGold token:
The startup additionally acclaimed that the ICO will be accessible for its shareholders, customers, fans, and the ethereum community. According to the official website of Unikrn, some of these shareholders are Ashton Kutcher, Mark Cuban, Shari Redstone, Elisabeth Murdoch and others.
What are your thoughts on Mark Cuban’s decision? Do you anticipate that ICOs will be the approaching of fundraising? Let us apperceive in the comments below.
Images address of Wikimedia, Unikrn, CNBC
