Strategy in TECH...
We did NOT say that Monster Money was a scam in our article. We DID say that cryptocurrencies are risky, risky investments to be approached with caution. The prevalence of several large scams in the supposedly safe world of blockchain and cryptocurrencies serve as a stark reminder of this need for extreme caution when investing in something new.
Earlier this month, news broke – erupted really – that Noel Lee and Monster Products had filed a Form S-1 with the U.S. Securities and Exchange Commission to launch an ICO or initial coin offering. Their plan is to mint a new cryptocurrency called Monster Money, with an initial authorization of 500,000,000 Monster Money Tokens, of which, 300,000,000 will be offered to investors at a dollar each. This move, which seems out of the blue, caused a lot of speculation as to just what is going on at Monster – is this desperation…chutzpah…or something even darker?
Initially, Strata-gee was just going to let this story pass by. However, so many readers reached out asking for our perspective on the story that it was impossible to ignore it any longer. See our take below…
