THELOGICALINDIAN - The seminal hiphop accumulation plan to account the bequest of asleep accumulation affiliate Ol Dirty Bastard by absolution a cryptocurrency address his name
The Return of the WU
25 years ago as Wu-Tang Clan bedeviled the U.S. hip-hop scene, they proudly proclaimed that “The Wu-Tang Clan ain’t annihilation to f*ck with” and in 2018 it’s bright that the apple acclaim aggregation feels the aforementioned way. In animosity of a barbarous buck bazaar and a apparent arrest in ICOs, the Wu plan to admission their Ol Dirty Bastard Coin (ODB) themed badge this anniversary in a public presale.
The token, ahead accepted as Dirty Coin, is called afterwards a asleep affiliate of the hip-hop accumulation who went by the aforementioned name and the rapper’s acreage absitively to rename the badge to account his memory. ODB’s son, Barson Jones, anticipation of the abstraction in March and he envisions the badge activity as a fan-centric cryptocurrency. Jones said, “I couldn’t be added aflame about the approaching of the ODB Coin, and I apperceive my dad would accept acquainted the aforementioned way.”
Currently, the plan is to body the badge on top of TAO blockchain. The badge will eventually barter on the AltMarket exchange. ODBCoin is not meant to be traded like an investment, rather, it is advised to act as an allurement for admirers and Jones explained that admirers would be able to absorb ODBCoin on shows and added commodity like video games, t-shirts, and books. The badge will additionally be acclimated to armamentarium albums, concerts and added Wu-Tang Clan accompanying projects. Jones believes the badge is “a abundant way to affix with admirers and accolade them for their interest.”
Will Initial Artist Offerings Raise the SEC and CFTCs’ Hackles?
In 2018 ICO’s slowed from a avalanche to a crawl as all-around banking regulators casting a alert boring at the fundraising ventures. The SEC and CFTC accept kept a abutting watch on all cryptocurrency accompanying advance businesses and aloof aftermost anniversary hip-hop ambassador DJ Khaled and boxer Floyd Mayweather were sued for their declared captivation as celebrity endorsers of the Centra Tech ICO that angry out to be a scam.
For this reason, Jones said, “We had to booty the time out to get aggregate correct.” AltMarket CEO Bryce Weiner concurs with Jones and explained that ODBCoin is beheld as “merchandise, like a T-shirt, which makes it a commodity” from the point of appearance of U.S. regulators. Weiner additionally explained that he hopes ODBCoin will accessible the aperture to added artists designing agnate tokens that will be accessible for trading on AltMarket exchange.
What are your thoughts on Wu-Tang’s ODBCoin? Is the acknowledgment of Initial Artist Offerings (IAO) a acceptable thing? Share your thoughts in the comments below!
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