Cryptocurrency prices have taken a one-two punch this week from regulators and banking execs alike. But digital tokens are coming back swinging, with most of the top 10 cryptocurrencies retaking lost ground, including double-digit percentage advances in the Dash and NEM price. That’s good news for ICOs waiting in the wings, including blockchain debit card company Centra Tech.
World Champion Boxer Floyd Mayweather has been dubbed Centra’s brand ambassador. He recently took to Twitter to celebrate his involvement with cryptocurrencies, touting the upcoming Centra Tech CTR token ICO.
In his tweet and Facebook post, Mayweather says, “Spending bitcoins Ethereum and other types of cryptocurrency in Beverly Hills with my Titanium Centra Card. Join Centra's ICO on Sept. 19,” and closing the post out with hashtags for #floydcryptomayweather and #digitalcurrency.
Mayweather isn’t the first world champion boxer to dabble in cryptocurrencies. Mike Tyson teamed up with Bitcoin Direct for the development of a digital wallet last year, named after him.
CTR token is scheduled to make its debut on Sept. 19 and runs through Oct. 5. Centra Tech will sell 18 million tokens on top of 50 million that were sold in a pre-sale.
Centra Tech in its white paper states that “CTR coins are not securities, shares or investments,” but rather utility-based tokens on the Ethereum platform that support the company’s ecosystem.
This doesn't mean U.S. regulators will simply take their word for it, as the SEC has made uncovering fraud in IPOs a key priority. And nobody wants to be the next Prostostarr, which cancelled its token sale on the heels of an SEC investigation.
Centra Tech is behind the Centra Card, a debit card that lets consumers spend ERC20-compatible cryptocurrencies that have been loaded from a Centra digital wallet onto the card. The cryptocurrencies can be used in fiat money transactions in real time, fusing the blockchain with every day commerce.
For information on how to buy or sell NEM, see our complete guide here.