Word is out that Snoop Dogg is the most recent celebrity to publically support an ICO. The famed rapper was the guest of honor and DJ at SparkleCOIN‘s ICO recent closing party in Beverly Hills, California.
The event was thrown to celebrate SparkleCOIN’s ICO that was estimated at $15 million raised at the time of the party. The event was focused on a charitable donation and educating a high-profile audience about cryptocurrencies. Sources at SparkeCOIN describe the relationship as centered around a charitable donation and not an official celebrity endorsement.
During the event, Snoop Dogg was presented with 1,500 SparkleCOINs, worth approximately $55,500 at an estimated share price of $37, one of the highest reported share values during an ICO. The coins will be donated to the Snoop Youth Football League, a non-profit charitable organization formed in 2005 that serves inner-city children ages five to thirteen and instills qualities such as sportsmanship.
“I appreciate and accept this kind gesture on behalf of my football league,” said Snoop Dogg.
To Snoop’s credit, he has been a public supporter of cryptocurrencies for many years. In 2013, he tweeted that his upcoming album would be available to purchase with Bitcoin.
Snoop has also been an active investor, publically supporting tech startups involved in the cannabis industry. In September 2017, his venture capital fund, Palo Verde, led a $2 million seed round for Trellis, a cannabis inventory management firm.
SparkleCOIN’s CEO, Victor Wong, called the event a “huge success” and also made note of other celebrities in attendance, including Olympic gold medalist swimmer Ed Moses.
“The party was a celebration for everyone who has worked so hard to get us where we are today,” said Victor Wong, CEO and founder of SparkleCOIN. “We now look forward to creating real wealth for people from all walks of life, and to providing opportunities to enrich standards of living and e-commerce regardless of anyone’s background or level of technological fluency. We hope our efforts will inspire those who benefit to pay it forward.”
Disclaimer: The author has had a working relationship with SparkleCOIN in the past. Access to images and content was provided through the author’s personal network.