Mayweather Backed Blockchain Based Prediction Market Has Raised $30 Mil

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Published on:
Aug/04/2017

Ahead of his mega fight with Connor McGregor, boxing champ Floyd Mayweather Jr. is pushing a block-based prediction market that has already managed to raise $30 million in just a matter of hours.

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Stox only launched Thursday and collected roughly 134,000 ETH according to data collected from Etherscan.

The ICO garnered mainstream attention after Mayweather took to Instagram to promote the ICO.

Mayweather stated that the United States does block its citizens from accessing the sale’s website but was still "gonna make a $hit t$n of money on August 2nd on the Stox.com ICO."

Details of Mayweather’s promotion of the Stox ICO were not immediately known as of Friday.

From CoinDesk.com:

Though the sale is technically still underway, given its 148,000 ETH cap and two-week timeline, the team behind Stox issued a tweet about an hour ago, announcing that they'd hit their goal of $30 million.

"Please stop sending ETH," the message read, though the team later clarified that the sale remains open until the cap is hit.

Stox reps claimed to have received backing from some 2500 contributors within the first six hours of the sale.

- Aaron Goldstein, Gambling911.com

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