22:37 GMT +320 May 2018
Listen Live
    Souvenir coins with the cryptocurrency logos of Bitcoin, Litecoin and Ethereum

    ‘Dat Devotion: Chinese Band’s Fans Create Cryptocurrency to Trade Tickets, Merch

    © Sputnik / Evgeny Biyatov
    Tech
    Get short URL
    0 0 0

    Creators claim their TFBCoin will allow TFBoys’ fans to buy tickets and merchandise in the most secure way – via the trending blockchain technology. Being a fan has never been so safe and transparent!

    Blockchain technology is invading our life more and more, and in the near future you probably won't be even able to be a fan of your favorite band without a bunch of cryptocoins! At least now the multimillion-strong fan base of the Chinese band TFBoys now has such an option.

    READ MORE: Easy Living: Watch Porn, Get Paid. Simple

    According to the TFBCoin (TFBC) website, the new Ethereum-based cryptocurrency can be used to buy and sell tickets to the band's concerts, buy merchandize or access to meet-and-greet events. Why shouldn't you do it the old-fashioned way? Well, according to the TFBC creators, it will never be as secure and transparent as using their tokens. If you say so…

    READ MORE: People “Go Bananas”, New Cryptocurrency Gains Popularity

    Chinese social media exploded at the news, but the band's agents were not that happy. In fact, Time Fengjun Entertainment notified all fans that it has nothing to do with the new cryptocurrency and warned them against participation in its ICO (initial coin offering, officially banned on the territory of China since September 4) as it may lead to financial losses. It is unlikely though, as out of 60 million TFBC, 60% were reserved for three band artists and the rest is being given away freely at 10,000 TFBC a day.

    Related:

    Cryptocurrency Mining Steals Porn Sites' Thunder
    Experts Explain Why Diamond-Backed Cryptocurrency Is Attractive Investment
    'Wolf of Crypto Street': Meet US Teen Millionaire and Cryptocurrency Guru
    Petro?! Right: Prospective Venezuelan Cryptocurrency Hoped to End Economic Woes
    Cryptocurrency Girls Refuse to Let Thieves Ruin Their Dream
    Energy Coin: Economist Reveals Prospects of Iran Creating New Cryptocurrency
    Tags:
    funny, music band, fans, Trending, new cryptocurrency, cryptocurrency, cryptocurrencies, Ethereum, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment