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The Fan ICO Controversy Ensnares The Chinese Boy Band

It was sometime back when the self-proclaimed fans of the widely renowned Chinese boy band went ahead to build an initial coin offering (ICO).It was focused around their idols but the issue that has become the subject of talk among quite a significant number of people is the controversy that just popped up in line with the project’s legitimacy.

At the center of the project is the pop band called The Fighting Boys and all of them happen to be teenagers. Their names are Jackson Yi, Roy Wang and Karry Wang. It was in the course of the previous year that Roy Wang received the recognition of being one among the top 30 most influential teens.

One notable thing about the band is the fact that it is rather popular in the country. It got to a point when the fans resolved to unveil an ICO to raise funds which were to help the set up of a
blockchain ecosystem around the teen trio.

What sets the project apart from the rest is the fact that it has an outstanding determination to disrupt the dynamics between fans and celebrities using blockchain technology. It is also worth noting that it launched way after China took the step to place a ban on ICOs. To specify, that took place last year on September.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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