January 25, 20181min972

Arsenal FC becomes the first football club promoting cryptocurrency

Arsenal Football Club will be the first sports club to promote cryptocurrency. It partnered with CashBet who is online gambling platform that enables real-money online gambling in social and mobile games. The company operates in the United States. It says it plans to raise $40 million to $70 million in a sale of CashBet Coins set to begin Wednesday.

Arsenal FC

 

Arsenal FC’s webpage is promoting the digital token features the English Premier League team’s crest and photos of players including striker Alexandre Lacazette. The club describes CashBet as its “first official cryptocurrency partner.”

 

 

 

Each coin’s is initial price is 50 U.S. cents. It is meant to be used on CashBet’s gaming sites and mobile apps. The company plans to use the majority of proceeds in marketing, expansion to new regions and product development. Bebt restructuring will take about 15 percent of the money. Initial coin offerings raised $3.8 billion globally in 2017, according to Coinist, which compiles cryptocurrency market data.


About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


    • ethereumEthereum (ETH) $ 3,067.72 2.62%
    • litecoinLitecoin (LTC) $ 77.18 1.96%