The Champion Coin is coming, from a company backed by Usain Bolt, Ronaldinho Gaucho and Dominique Wilkins…
Back in 2016, a trio of sports stars – Usain Bolt, Ronaldinho Gaucho (better known simply as Ronaldinho) and Dominique Wilkins – joined forces to launch a company called Champion Shave. The company consequently claims to have sold around 10 million disposable razors since it came to life. Its latest plan, however, is seeing it turn towards the cryptocurrency sector, as it seeks to further expand.
Champion Shave is set to launch its own currency, going by the name of the Champion Coin, with the initial coin offering (ICO) building up at the end of the month. The pre-ICO is set to start on October 29th, and according to the official announcement, the idea is to deploy blockchain technology to “enable Champion Shave to track every detail of their supply chain end-to-end; greatly reducing costs and increasing efficiency by providing an open, immutable, global, online ledger for tracking freight movement”.
Those are the words of the company’s CEO, Manny Bains.
The ICO for the Champion Coin will offer “a zero franchise fee initiative for our e-commerce platform”, he explained. It will also be used to help cut out – or at least cut down – cross-border transaction fees.
Full details of the Champion Coin are available at its website, here.
The full launch of the ICO is set to take place in the first quarter of next year, and the coin itself will launch in earnest in the second quarter of 2019.