Celebrities such as Jamie Foxx and Paris Hilton have previously taken up endorsement of various cryptocurrencies and blockchain projects, and now Hollywood actor Steven Seagal has confirmed that is now a brand ambassador for a new cryptocurrency dubbed Bitcoiin2Gen.
Announced in a press release, Bitcoiin2Gen elaborated that Seagal is “obvious as brand ambassador” (sic) given his philosophy that “the development of the physical self is essential to protect the spiritual man”.
From Team Seagal
Steven has just become the worldwide ambassador for the Bitcoiin 2nd Generation crypto currency. Press Release https://t.co/aY13wDCbzh
More to Follow
Love and Peace
— Steven Seagal (@sseagalofficial) February 20, 2018
The team behind the new cryptocurrency claim that “Steven Seagal has become a believer of Bitcoiin2Gen.”
Bitcoiin2Gen’s white paper – which does not actually explain how the system leverages the Ethereum Blockchain or serve as a peer-to-peer payment system – outlines that the cryptocurrency has “its own eco-system, its own wallet, its own mining machines and the ability to exchange the coin to popular altcoins or fiat currencies.”
Controversially, Bitcoiin2Gen offers a pyramid-like commission structure where interested parties can earn money by promoting the new cryptocurrency by word-of-mouth.
The company, through Seagal, has swung back at critics and media houses which have accused the project of being a pyramid scheme, scam, or MLM company.
A recent press release outlines that there “shouldn’t be any problem if Mr. Steven Seagal is promoting a cryptocurrency”, and that “nobody should link this endorsement as investment advice as neither he nor we ever advised so.”
The release concludes with the line “we would like to inform the community that we are not an MLM company or a Pyramid Scheme or any Scam.”
Bitcoiin2Gen’s Initial Coin Offering took place in January, and the official launch of the digital currency is slated for March this year. The Bitcoiin2Gen white paper makes the lofty claim that B2G will be vailed at some $388 USD by the close of 2018.
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