Cryptocurrency has revolutionized the digital transaction and value of assets across the globe and in the meanwhile establishing the nascent market, which overall capitalization currently is estimated around 450 billion USD with a true potential to grow several times in next few years.
However, crypto experts and enthusiasts have already came up with the drawbacks of this very new market and the lack of common reward programs is placed among them. Right now, the cryptocurrency market is still very fragmented and cryptocurrency holders run into a major investment vehicles availability problem. They have the limited choice between holding cryptocurrencies in the digital wallets and jumping from one to another or invest funds in private crowdfunding through Initial Coin Offerings.
This is a very hard time for small investors who are just starting as they usually have trouble finding the best offers available in the cryptocurrency market. The right way to help investors is by integrating all programs into a single platform in order to show how and where they can save their money.
At present, crypto community misses such a common cross-platform loyalty program that would allow investors to receive the maximum profit from their funds. Utilizing the blockchain technology, has developed a secure and user-friendly platform to solve this problem and make crypto rewards accessible and transparent for all market participants.
The team behind the project comprises professionals with more than 7 years of experience in financial markets and forex market environment. Notably that the company is not a startup as it already has a successfully operating platform that delivers a wide array of innovative solutions to financial institutions enabling them to scale up and save on their business activities.
The common portal offers reward to investors and traders in the form of Cashback, Rebates and Discounts. They are a form of incentive offered to buyers of certain products and services whereby they receive a cash refund after making their purchase. It is a way of rewarding the customers for their loyalty, which ensures the overall positive buying experience. This is a very good reason why companies should join CryptoCashbackRebate and offer these benefits for clients.
The primary goal of the CryptoCashbackRebate token-sale event is to expand the business into a multi-billion organization in cryptocurrency market segment that cannot be achieved without huge support from the cryptocurrency community. Tokens holders do not only contribute to promote and build the company, but the investors are also entitled to receive passive rewards in return.
To join the ongoing Token Sale, prospective purchasers will need to visit company’s where they will be required to register. Once successfully registered, buyers will be able to purchase CCR tokens using Ethereum, bitcoin, Litecoin, bitcoin Cash, Ripple or Ethereum Classic. The company also provide early birds bonuses for contributors.
The CryptoCashbackRebate Token Sale started on March 18 and will be live until June, 2018 unless the settled hard cap of $250 million USD will not be reached earlier. According to the company’s roadmap, the funds raised through the token sale campaign will be allocated for various activities which include CryptoCashbackRebate’s strong marketing and sales support which will help in fast growth in the number of the platform users.
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Celebrity endorsements of ICOs are a great way for projects to get mainstream media exposure and might appear to be a risk-free way for the stars to get some tokens. However, if a specific ICO, or the entire industry, gets negative press it can hurt the reputation of anyone associated with them. For example, Steven Seagal seems to have decided that his link to the Bitcoiin ICO is no longer in his best interests.
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Exit the Dragon
90s action movie star Steven Seagal is no longer the official Brand Ambassador for . According to an announcement on the project’s website, both Seagal and the founders of the ICO have exited from their roles at Bitcoiin.
The positive is that “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. However, from this point on Bitcoiin will function within its ecosystem and become a genuinely anonymous cryptocurrency with no individual or individuals having control over the entity!”
Regulatory Troubles
Seagal had only been announced as the Brand Ambassador for Bitcoiin in late February, but the situation has changed fast since then. Primarily, local financial regulators in various US states have issued warnings or orders against the ICO.
For example, a cease and desist order by the Bureau of Securities of the State of New Jersey warned that Bitcoiin is offering “investments to the general public, including the residents of New Jersey in its Bitcoiin ICO and ‘Bitcoiin Staking Program’” through a website that “projects that each B2G will be worth $388 by December 2018.” The order found that Bitcoiin offered securities in violation of the law.
The team has tried to frame it as a media misunderstanding, stating that: “To debunk the regurgitating media bitcoiin will not have a staking or referral program, this was always explained as part of the ICO period only and as a reward for clients introducing like-minded individual. However, the media which believe in sensationalism instead of reality and actually reading our whitepaper continues to regurgitate misinformation, therefore 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.”
What other risks can US-based celebrities face for endorsing ICOs? Share your thoughts in the comments section below!
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