Steven Seagal is yet to comment about his ambassadorship ending. (Source: as.com)
It seems actor Steven Seagal is no longer the brand ambassador for the cryptocurrency Bitcoiin. Agents for the virtual currency (VC) have claimed that a soft cap of US$75 million has now been reached, meaning that both the founders of Bitcoiin and Seagal will “exit” from any further direct involvement with the controversial VC. The State of New Jersey recently issued a cease and desist order to the token’s founders.
The cryptocurrency world has been rocked by the news that Steven Seagal is no longer a Bitcoiin Brand Ambassador. A press release issued by the VC's creators today stated:
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!
According to the VC’s website, the soft cap target of US$75 million has been achieved and therefore it is time for Bitcoiin to “convert to mineable coins.” There have been several crackdowns on questionable cryptocurrency business practices in the last few months and Bitcoiin has been subject to a cease and desist order coming from regulators in New Jersey, who pointed out that the VC is not registered to sell securities in that state. In fact, the order goes further with its criticisms of the digital currency, publishing these conclusions:
In actuality, Bitcoiin is fraudulently offering unregistered securities in violation of the Securities Law.
And:
The Bitcoiin Websites do not disclose what expertise, if any, Steven Seagal has to ensure that the Bitcoiin investments are appropriate and in compliance with federal and state securities laws.
The actor is currently facing a number of accusations in regard to sexual misconduct, but it is not known if this has been a contributing factor to the Hollywood hardman and Bitcoiin2Gen parting ways.
Founders of Bitcoiin and Steven Seagal exit as the ICO period comes to an end!
Hong Kong, March 26, 2018: Bitcoiin2Gen would like to thank Mr. Steven Seagal for his support as Bitcoiin's Brand Ambassador during the ICO period.
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!
Also 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.
Finally, once the tokens convert to Mineable coins, the founders will appoint a member or members of the community to become the legal owners of the website bitcoiin.com. To keep the idea of Decentralized, Deregulated and Anonymous functionality of Bitcoiin within its established ecosystem, which will provide mining of the B2G, exchanging of B2G and joining mining pools to earn from the B2G.
Once again we would like to thank all the contributors who made Bitcoiin a fantastic success, and we appreciate the anonymous Founders and our Brand Ambassador for all their support during our ICO period. We look forward to following the success of Bitcoiin in the future, and we look forward to seeing the future appointed CEO and how he or she will help to create even greater market awareness to Bitcoiin2gen!
Daniel R Deakin - Managing Editor News & Magazine - 3118 articles published on Notebookcheck since 2012
My interest in technology began after I was presented with an Atari 800XL home computer in the mid-1980s. I especially enjoy writing about technological advances, compelling rumors, and intriguing tech-related leaks. I have a degree in International Relations and Strategic Studies and count my family, reading, writing, and travel as the main passions of my life. I have been with Notebookcheck since 2012.
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