BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

NBA Player Promises to Give All of His Teammates Bitcoin (BTC) If His Ethereum-Based Bond Is Approved

NBA Player Promises to Give All of His Teammates Bitcoin (BTC) If His Ethereum-Based Bond Is Approved

 
The National Basketball Association is going toe-to-toe with Bitcoin enthusiast Spencer Dinwiddie. The California native and Brooklyn Nets guard began negotiating with the NBA last year when he decided to use his $34.36-million three-year contract as collateral to back a digital token designed as an investment vehicle. 
Dinwiddie says his new Ethereum-based tokens allow fans and investors to buy tokenized shares of his three-year contract. The NBA has said that the investment idea violates their agreement.
After reportedly making several changes to the structure of the investment bond, Dinwiddie confirms that today is launch day for his token platform.
Meanwhile, the NBA is apparently looking closely at the revisions.
Says NBA chief communications officer Mike Bass,
“Spencer Dinwiddie’s advisers provided us with new information regarding a modified version of their digital token idea, which we are reviewing to determine whether the updated idea is permissible under league rules.”
According to The Athletic , those modifications include the removal of the NBA’s likeness and the tokens will no longer be tied to his 2021-22 NBA player option.
In the run-up to the NBA All-Star 2020 in Chicago on February 16, Dinwiddie released a video announcement where the Bitcoin enthusiast pledges BTC to his team members and perks for his token holders.
“January 13th not only marks the release of the bond but also one last week of all-star voting. Now when speaking about an all-star nomination for somebody like me, I view it as a team award full of team success. So that’s why, if I’m voted into the all-star game, and my bond is fulfilled, I’m going to be giving all of my teammates Bitcoin.
Not only that, I’m also going to take eight fans with me to the all-star game – part of the Dinwiddie experience for token holders.”

The Spencer Dinwiddie bond launches January 13th. I’ll also be taking 8 fans to ASW with me. #NBAVote pic.twitter.com/dhXKt0qPqh
— Spencer Dinwiddie (@SDinwiddie_25) January 10, 2020

Since Dinwiddie’s token launch has not yet been approved by the NBA, he’s preparing for any potential disciplinary action, reports The Athletic.
Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/PhotoProCorp
The post NBA Player Promises to Give All of His Teammates Bitcoin (BTC) If His Ethereum-Based Bond Is Approved appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK
WhatsApp
Telegram

Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News

Please consider to Support BitRss.com!