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Michael Clarke faces social media backlash for promoting ICO

Michael Clarke recently tweeted in favour of Global Tech, an ICO (Initial Coin Offering) platform. However, he has received several criticisms from the community.

Global Tech

Global Tech is currently creating a platform which is a “part social network, part cryptocurrency exchange”. Michael Clarke, the former Australian cricketer tweeted on August 8 with the message “exciting times ahead” and an image that included him with the quote that read,

“I am really excited to be involved with Global Tech. Their ambition and drive is something that I resonated with straight away and I can’t wait to learn more about blockchain technologies.”


However, the fans of the former Cricketer and the members of the blockchain community severely criticized his endorsement. They questioned as to why would he endorse something that he has little or no knowledge about. Why is he further risking reputation, given the several failures and frauds in the mentioned industry?

Prominent investor John Hempton took a dig at the Aussie cricket scandal that showed the Australian cricket team members using sandpaper during the matches with the intention of changing the ball. He also suggested the cricketer to invest in sandpaper saying it would be a much better choice. John tweeted, “Suggest Mr Clarke you just buy sandpaper. It will do less damage to your reputation.”

Read more: Luis Figo becomes latest celebrity to jump on the ICO bandwagon

Michael Clark, Only an ambassador

However, on the website of Global Tech, Micheal Clarke is mentioned as the only ambassador. It is mentioned on the page that from a total of the funds generated by the ICO, the ambassadors will receive 4 per cent. However, the company is still way behind the $50 million of the revenue with their current amount being $4.15 million.

A crypto-based freelance market project CanYa said,

“As far as I understand Michael Clarke has nothing to do with blockchain tech. If he was endorsing new cricket tech it would make sense and I’d respect that, but endorsing an exchange with a shit website is definitely pushing it for me.”

 

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