Quote from: vennali on March 06, 2019, 12:25:51 PM

Quote from: EriksonPartners on March 06, 2019, 08:26:32 AM

Currently cryptocurrency market is making many sponsorship deals with sports world and in Feb it was announced that FutoroCoin would be sponsoring formula 1 team.  I, personally think this is super cool news for cryptoworld as it shows that its not just a trend but so much bigger than that. What do you guys think?

Not really a great news for crypto. Celebrities are happy to take a million dollars to promote some of these coins. And because of the backing, people fall into the trap of investing in some terrible coins as well. Overall it only brings bad name to crypto. I don't understand how does promoting a racing event with crypto bring anything to the development of the team. They should just use the money to budget their development, instead of wasting it on events which have no returns.

I disagree. Cryptocurrencies need this kind of advertising in order to become more popular over time. Celebrities endorsing crypto also helps in making certain coins go viral.

Marketing is just as important as the development aspect which is why this step is needed for mainstream adoption over time.