The cryptocurrency craze is hitting all angles of the globe and right now notable names, including celebrity status promoters are getting in on the action. On the heals of the recent announcements that Floyd Mayweather and Paris Hilton as well as musicians like The Game have thrown their hat into the cryptocurrency ring, actor Jamie Foxx has now found a new calling. In a tweet from September 18th around 3:40PMPST, the actor said “Looking forward to participating in the new @cobinhood Token! ZERO fee trading!”
The tweet also called out cryptocurrency, bitcoin, ETH and the company’s website. Cobinhoods has been advertising a zero-fee cryptocurrency exchange and sales are underway according to the website. The net is a little over 17,800 ethers or roughly $5.1 million to date.
To many , this promotion suggests that the growing list of celebrity endorsements of cryptocurrency projects is far from over. In fact it most likely indicates the opposite; that it’s speeding up.
Just to give you an idea of what the scope of this market details, more than one billion eight hundred thousand dollars have been raised through this initial coin offering funding model. If you thought the pull-back in cryptocurrency was “the end” and that the sky was falling, you may want to reconsider your stance on the topic. Many think that these growing pains are not suggestive of a bubble but more so of an evolving industry.