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> It’s impossible to know if Stox paid you to promote their ICO. It’d be fairly sleazy if they did, but either way, you have a responsibility to be forthcoming
by balls187 9y ago
> It’s impossible to know if Stox paid you to promote their ICO. It’d be fairly sleazy if they did, but either way, you have a responsibility to be forthcoming about what you stand to gain and what your passionate followers stand to lose.
FTC ruled that paid sponsors must disclose that fact on Social Media posts.
- xxr 9y agoTrue, but it doesn't appear to be readily enforced. One of the lawsuits involving the Fyre Festival revolves around sponsored social media posts that failed to disclose that sponsorship.[1] Certainly, someone could come and sue Mayweather, but not before he dumps the pump. [1]http://www.hollywoodreporter.com/thr-esq/fyre-festival-sparks-class-action-lawsuit-999793 http://www.hollywoodreporter.com/thr-esq/fyre-festival-spark...
- soared 9y agoYeah but with ICOs he doesn't really need to be paid directly. If he justs buys at the ICO price, promotoes it 'own his own', and dumps it after his marketing efforts have increased the price, that would be legal (?).