Actor Jamie Foxx Promotes Crypto Exchange ICO

Sep 18, 2017 at 20:18 UTC
Updated Sep 19, 2017 at 03:29 UTC
NEWS

Yet another celebrity has entered the cryptocurrency promotion fray, with Academy Award winner Jamie Foxx promoting an upcoming initial coin offering (ICO).

In a post on Twitter, Foxx promoted the token sale for Cobinhood, which is being advertised as a zero-fee cryptocurrency exchange. That sale is currently underway, according to its website, netting about 17,840 ethers (worth roughly $5.1 million at press time) to date.

The promotion suggests that the spate of celebrity endorsements for cryptocurrency-related projects isn’t slowing down anytime soon. As previously reported, celebrities such as boxing champion Floyd Mayweather, Jr., socialite Paris Hilton and rap artist The Game have promoted upcoming or now-completed token sales.

To date, more than $1.8 billion has been raised through the funding model, according to data from CoinDesk’s ICO Tracker.

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