Yet another celebrity has entered the cryptocurrency promotion fray, with Academy Award winner Jamie Foxx promoting an upcoming initial coin offering (ICO).
In a post on Twitter, Foxx promoted the token sale for Cobinhood , which is being advertised as a zero-fee cryptocurrency exchange. That sale is currently underway, according to its website, netting about 17,840 ethers (worth roughly $5.1 million at press time) to date.
— Jamie Foxx (@iamjamiefoxx) September 18, 2017
The promotion suggests that the spate of celebrity endorsements for cryptocurrency-related projects isn’t slowing down anytime soon. As previously reported, celebrities such as boxing champion Floyd Mayweather, Jr. , socialite Paris Hilton and rap artist The Game have promoted upcoming or now-completed token sales.
To date, more than $1.8 billion has been raised through the funding model, according to data from CoinDesk’s ICO Tracker .
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