THELOGICALINDIAN - Monster Inc the companywhich awfully lostout on Beats By Dre headphones is planning on ablution its actual own cryptocurrency The alms is slated to be alleged the Monster Money Token according to abstracts filed with the US Securities and Exchange Commission Monster additionally affairs on revamping its ecommerce website to let users acquirement Monster articles with the cryptocurrency
Need Money? Launch an ICO!
Monster Inc is ablution an antecedent bread alms (ICO) and a new e-commerce website to advice balance losses it’s abiding over contempo years. According to an SEC application, the aggregation has absent about $20 actor dollars in the aboriginal division of 2017, alone.
Monster’s band-aid to its banking woes is to advertise ERC20 “Monster Money Tokens.” In an SEC document, the aggregation explains:
The aggregation will be affairs 300 actor MMNY, with the max allotment bulk set at $300 million.
However, a big botheration Monster currently faces is the actuality that their stocks are not traded on any US market, admitting they accept affairs alpha the appliance process. In acknowledgment to this issue, the aggregation added the abnegation that it “cannot assure you that MMNY Tokens will be traded on such barter in a appropriate address or at all.”
Jumping on the Bandwagon
This is not the aboriginal we’ve apparent a business that has annihilation to do with blockchain technology barrage an ICO.
Last year, Kodak Film awash its “Kodak Coin” to advice accumulate the aggregation afloat. Meanwhile, during the bazaar balloon in backward 2017, hundreds of companies were ablution their own blockchain activity and accompanying badge sale. The Long Island Ice Tea aggregation even changed its name to “Long Blockchain” and after watched its banal briefly acceleration over one hundred percent.
According to ICO tracker Token Data, added than bisected of all ICOs captivated in the accomplished year accept failed, or are abreast to abort soon. The bazaar saw hundreds of ICOs barrage in the accomplished year, as able-bodied as over 780 tokens listed on CoinMarketCap.
Would you advance in the new Monster Money Token? What do you anticipate about acceptable companies ablution blockchain ventures? Let us apperceive in the comments below!
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