Word is out that Snoop Dogg is the most recent celebrity to publically support an ICO. The famed rapper was the guest of honor and DJ at SparkleCOIN‘s ICO recent closing party in Beverly Hills, California.
The event was thrown to celebrate SparkleCOIN’s ICO that was estimated at $15 million raised at the time of the party. The event was focused on a charitable donation and educating a high-profile audience about cryptocurrencies. Sources at SparkeCOIN describe the relationship as centered around a charitable donation and not an official celebrity endorsement.
During the event, Snoop Dogg was presented with 1,500 SparkleCOINs, worth approximately $55,500 at an estimated share price of $37, one of the highest reported share values during an ICO. The coins will be donated to the Snoop Youth Football League, a non-profit charitable organization formed in 2005 that serves inner-city children ages five to thirteen and instills qualities such as sportsmanship.
“I appreciate and accept this kind gesture on behalf of my football league,” said Snoop Dogg.
To Snoop’s credit, he has been a public supporter of cryptocurrencies for many years. In 2013, he tweeted that his upcoming album would be available to purchase with Bitcoin.