Ex-Australian Cricket Star Michael Clarke in Hot Water over Global Tech ICO Promo Tweet
A Former Australian Cricket Star Has Just Received Criticism For Endorsing An ICO
After a public declaration made by a former Australian Cricketer on his decision to publicly endorse the Initial Coin Offering platform. Michael Clarke went ahead earlier this week to tweet his support the Brisbane-based Global Tech.
Clarke Should Have Bought The Sandpaper Instead Of Going Ahead To Endorse The ICO
It has been about two weeks since the former Australian took to Twitter to promote a company that is looking to create a platform that has been described by the SmartCompany as being part of the social network, which will be part of the great cryptocurrency exchange. In the tweet that Clarke posted included a message that said their exciting times ahead, this was together with a Global Tech marketing image.
In the tweet, Clarke says he is very excited to be part of this new project in Global Tech. And the overall drive and ambition that the company has is something that he also resonates with and from this he is super excited to learn more about this ever-growing blockchain technology market.
There Is Some Backlash To His Tweet
Since he posted the image Clarke has been receiving some backlash, this is from both his fans and the crypto community. They are questioning his level of experience in this ever-changing industry and wondering why such a Tech company would go ahead to risk the reputation they have on the ICO given that the current funding method has a track record for failure and fraud.
There was a very interesting response to the endorsement from John Hempton. He is a prominent investor where he went ahead to suggest to the former cricketer that the sandpaper would actually be a better investment choice for him. This was all in reference to the recent Aussie Cricket Scandal that took place were the current members of the national team had been found using the sandpaper in altering the balls that are used during the matches.
It is not also known at the time of writing how much Michael Clarke was able to receive when he pumped the Global Tech project. But when you look at the company website, you can see that he is the only one listed as their ambassador. The page further states that the said ambassadors will be able to receive 4% of the funds that will be generated by the running ICO.
What this means is if the project is able to receive about $50 million that the project is seeking, then Michael Clarke will be able to get a generous paycheck of about $2 million. With all this said, it is clear that Global-Tech is a long way from the set target as they have only been able to raise about $4.15 million at the moment.
More Criticism Arising
There was another voice of criticism that came from the founder of CanYa Jp Thorbjornsen. The company was established as a crypto-based project for the freelance market that is able to raise about $12 million in just this year. The founder went ahead to tell SmartCompany he was very skeptical when celebrities go-ahead to endorse such projects, and he also adds that the move done by Clarke makes very little sense and with time it just might be a little dangerous for his reputation.
There have been several reports of high profile public figures who have gone ahead to support the ICO’s; it is people like Floyd Mayweather who was able to endorse the new defunct Centra project. Unfortunately, the founders of the company were later charged with fraud by the U.S Securities and Exchange Commission (SEC). But it is only time that will tell if the same fate lies with Clarke and the Global Tech company.