Hey Steemians, amazing news today! Millionaire rapper "Snoop Dog," is going to host an invite only event to promote Ripple (announced April 24th.)
But, although the event is invite only, 2 twitter contestants can achieve a prize for 10 tickets: “Twitter Trivia” and “Make the Meme," on April 26 and May 2 respectively.
What Is the Event For?
You might be wondering what the point of this special event is for and the Ripple team says that this event is to thank those helping the company develop the XRP Ledger and xRapid.
Snoop Dog is not the only famous person promoting cryptocurrency, but singer Lional Richie recently appeared on a Super Bowl Bitcoin television ad promoting the crypto.
Believe it or not, soccer star Michael Owen launching his own token, and heiress and reality TV star Paris Hilton endorsing ICO LydianCoin last year.
Concerns?
Yes, it may seem like great news that celebrities like Snoop Dog are promoting cryptocurrency, but there are concerns about the tokens that celebrities are endorsing might attract attention from investors and a possible money loss.
How exactly would there be a money loss? seems like the more people investing and trading the better?
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Oh so about my wording! I meant that there could be a potential money loss in the investors.
@hopefulhippie
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