Cryptocurrencies

Former England footballer Paul Scholes lends support to upcoming ICO

Former Manchester United and England footballer Paul Scholes has jumped on the cryptocurrency bandwagon, offering his support to an upcoming ICO called 433 Token.

The 44-year-old, who now works for BT Sport in a punditry role, will be working alongside ex-Chelsea striker Andriy Shevchenko.

As quoted in the ICO’s whitepaper, Scholes said: “I’m a firm believer in supporting youth development in football. I’m delighted to be part of this project and excited about hopefully helping the next generation of young footballers.”

The blockchain startup aims to connect fans while enabling the development of a future superstar by using the blockchain and smart contracts. It also offers token holders the chance to interact with footballing legends, claiming that eight more ex-footballers will be added to the roster after the hard-cap is met.

The pre-sale will stay open until 8th December. The public ICO will begin on 10th December and will last for one month. The total amount of tokens for sale is 300 million of the 1 billion in circulation, with the hard-cap set at $27 million.

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.