Founders, Steven Seagal ‘exit’ controversial cryptocurrency Bitcoiin to effect anonymity
Bitcoiin also reported that it has completed its token sale and announced that its coin will debut this week.
The founders of controversial cryptocurrency Bitcoiin2Gen (B2G), along with the brand’s lead ambassador Steven Seagal, have withdrawn their association with the company to help establish total decentralization.
In a recent announcement Bitcoiin explained that it will become a completely anonymous cryptocurrency, with no individual or individuals having control over the entity. Founders will appoint new owners of the website.
“As Bitcoiin goes through the conversion phase from token to mineable coin we wish to advise that Bitcoiin will join the likes of the original Bitcoin and become a truly open source. Therefore a big thank you to the Founders and to our Brand Ambassador whom we wish all the best in their future endeavors,” the company revealed.
Bitcoiin also reported that it has completed its token sale and announced that its coin would debut this week.
“After our successful ICO we are proud to announce that we will be launching our coin live this week, the 26th of March 2018! Please allow up to 10 working days for all tokens to be converted to bitcoiins in your user interface… Some tokens are still available and can be purchased until the completion of our conversion process,” according to a statement on the company’s website.
The crypto company also attempted to “debunk” the theory that the company will have a staking or referral program beyond the initial coin offering (ICO), labeling it as media-driven “sensationalism” and not “reality”.
“We are stating unequivocally for the last time before the blockchain goes live that neither staking nor referrals will exist in the blockchain or the Bitcoiin ecosystem,” Bitcoiin representatives said.
Bitcoiin was inspired to make a “superior or more advanced version of bitcoin”, signing film actor Steven Seagal as brand ambassador in February because his lifestyle and ethical principles matched the company’s ethos.
In early March, the New Jersey Bureau of Securities issued a cease and desist order against Bitcoiin for fraudulently and improperly offering unregistered securities in violation of state securities regulations.
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Wu-Tang Clan, a hip-hop collective from Staten Island, New York City, are revered as one of the greatest rap groups of all time. One of the founding member’s offspring, Young Dirty, decided to launch a cryptocurrency.
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