Steven Seagal is the ambassador for Bitcoiin | finder.com

Steven Seagal is the ambassador for Bitcoiin

Peter Terlato 20 February 2018 NEWS

Bitcoiin2Gen claims it has been inspired to make a “superior or more advanced version of bitcoin”.

American film actor Steven Seagal has signed on as brand ambassador for cryptocurrency Bitcoiin2Gen (B2G).

Seagal can now add the moniker of digital token advocate to his growing list of professional accomplishments, which include actor, producer, screenwriter, director, martial artist, musician and even Buddhist Zen Master.

A press release on the Bitcoiin2Gen website, promoted in a tweet by Seagal, reveals that Seagal’s lifestyle and ethical principles match those of the controversial new cryptocurrency.

As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party.

Bitcoiin is inspired to make a “superior or more advanced version of bitcoin”, according to the press release.

“Bitcoiin2Gen is a self-sustaining cryptocurrency that provides at launch its own eco-system, its own wallet, its own mining machines and the ability to exchange the coin to popular altcoins or FIAT currencies. Bitcoiin2Gen uses Ethereum blockchain which provides a safer and faster platform,” according to the company’s whitepaper.

On its website, Bitcoiin2Gen invites the public to join its pre-initial coin offering (ICO) acquisition, which includes half price tokens and other additional benefits, such as monthly interest and recruiting incentives.

Take a look at the pyramid-shaped ICO recruitment plan contained in the whitepaper below.

Bitcoiin2Gen reports that it has already raised $26.45 million during the pre-ICO fundraising round.

Seagal clearly lives by a Code of Honor and is always Out For Justice, unafraid to enter the Belly of the Beast to promote the cryptocurrency with Maximum Conviction, despite some critics observing that the new token is Marked for Death and operates On Deadly Ground. Seagal likely envisions that the asset will take off in a Flight of Fury and with The Asian Connection of his Buddhist teachings, it won’t be Out of Reach for anyone.

However, in November the U.S. Securities and Exchange Commission (SEC) stated that celebrities use of social media to encourage the public to buy stocks and other investments may be unlawful if they don’t disclose the nature, source, and amount of any compensation paid, directly or indirectly, in exchange for endorsement.

The Senate Committee on Banking, Housing and urban affairs met in open session earlier this month for a hearing to discuss U.S. regulators’ roles in monitoring and policing the fast-growing cryptocurrency industry.

Additionally, the United States’ commodities trading regulator has issued a consumer advisory warning against “pump-and-dump” schemes that are becoming more prevalent among virtual currencies and digital tokens.

Despite the recent exponential growth of cryptocurrencies, the United States government is in no rush to regulate the burgeoning industry, White House cybersecurity coordinator Rob Joyce said in a recent interview.

Earlier this week, instant messaging service Telegram raised $850 million in “purchase agreements for cryptocurrency” as part of a pre-sale funding round to develop its TON blockchain network and digital asset.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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