The Young Hip Hop artist Dirty Bastard, son The late rapper and producer Ol & # 39; Dirty Bastard of the Wu-Tang Clan, launches his own cryptocurrency in an Initial Coin Offering (ICO), he announced in an interview with Yahoo Finance on Tuesday, March 6th.
Bar-Sun Unique Jones, originally from Brooklyn and best known by his name Young Dirty Bastard scene, said in the interview that he decided to launch his Dirty Coin (ODB) for fund his next album and support music projects and other businesses, including books and video games. Dirty added that he planned to use ODB coins to pay for the concerts, merchandise and music of Ol ‘Dirty Bastard and himself
L & # 39; The artist noted that the movement was not influenced by other celebrities. but is rather inspired by the overall increase in crypto technology and Blockchain. Young Dirty explained what he considers to be the importance of being part of the development of the Blockchain while the industry is still taking off, commenting “[y] we will get on the boat when Noah embarks, or you will miss it, and you will sink. “
” Crypto is very big.The blockchain is one of the greatest inventions of our time.And I do not want to be out of the party, I want to get into the party, “Young Dirty said.
Dirty Coin ICO will be issued by the domain Ol & # 39; Dirty Bastard (ODB) in partnership with Link Media Partners, an A & R music company. The ODB token will be launched on the TAO Network Blockchain platform and will be traded on the AltMarket cryptocurrency trading platform, which will be launched with Dirty Coin.
Token issuers have been the subject of further examination by the US Securities and Exchange Commission (SEC) since SEC’s Jay Clayton, announced a more investigative the ICO projects at the SEC and CFTC hearings on February 6th. that the structure of the sales and pre-sales of several ICO violated the US securities laws
Meanwhile, Pavel and Nikolai Durov, the creators of the encrypted email service Telegram, filed a “Notice of payment”. SEC exempt offer on February 13. The exemption allowed them to not register with the SEC and raise funds from US citizens for their ICO Telegram Open Network (TON) by selling Let’s throw only to vestors.