Coindesk Logo

The ICO Boxing Champ Floyd Mayweather Promoted Has Raised $30 Million Already

The ICO Boxing Champ Floyd Mayweather Promoted Has Raised $30 Million Already

The ICO Boxing Champ Floyd Mayweather Promoted Has Raised $30 Million Already

The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million.

The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million.

The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million.

AccessTimeIconAug 3, 2017, 3:45 PM
Updated Aug 18, 2021, 6:36 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million.

Stox, which launched its sale yesterday, has collected roughly 134,000 ETH as of press time, according to data from Etherscan.

The ICO garnered mainstream attention after Mayweather took to Instagram to promote the ICO, stating that – despite being a US citizen and thus blocked from accessing the sale's website – he was "gonna make a $hit t$n of money on August 2nd on the Stox.com ICO."

A representative for Mayweather did not immediately respond to questions about his promotion of the ICO or his stated plans to participate.

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.

Though the total number of contributors isn't listed on its website, the Stox team said that it had received backing from 2,500 contributors as of the first six hours of the sale.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Etherscan. 

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.