Singapore company cancels blue diamond initial coin offering
The event's organizer, V Diamonds, said Tuesday that it would process thousands of refunds for investors who bought tokens for an ownership stake in the ring
Singapore: A Singapore-based company has called off a $2 million initial coin offering backed by a 2.08-carat blue diamond that gave investors a chance at a raffle for a luxury dinner.
The event's organiser, V Diamonds, said Tuesday that it would process thousands of refunds for investors who bought tokens for an ownership stake in the ring.
V Diamonds' founder Ville Oehman agreed to buy the ring and dinner from the Russia-based World of Diamonds Group as part of a wider promotion. In November he began selling the tokens for $2 or more.
Investors had a chance to win a lavish dinner on a private jet, enlivened by fireworks. In a joint statement, V Diamonds and the World of Diamonds Group said the cancellation was a "mutual decision."
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.
Ganesh Chaturthi 2018: 5 injured after boat flips at Girgaon Chowpatty