"Zen Master" and the Hollywood actor Steven Seagal announce that he is the new ambassador of Bitcoiin2Gen (B2G), a new cryptocurrency that claims to be a "higher or more advanced version of [Satoshi Nakamoto’s] Original Bitcoin", in a tweet on the 20th February.

Bitcoiin2Gen issued a press release on February 12 stating that because of Seagal's beliefs that "the development of the physical self is essential to protect the spiritual man," Actor is "obvious as ambassador of the mark" for the new cryptocurrency, adding emphatically:

"Steven Seagal became a believer of Bitcoiin2Gen."

Bitcoiin2Gen uses the Ethereum Blockchain and a P2P payment system that is the same as Bitcoin, according to their website. Their white paper does not explain these systems, claiming that this would be redundant, since "this was done by Vitalik Buterin […] and Satoshi Nakamoto."

The White Paper "About Bitcoiin2Gen" The section explains that the coin differs from Bitcoin in that it possesses [itsownproprietarysystemofwalletsandownmachinesandthepossibilityofexchangingthepopularcustomscoinsorpubliccurrencies"

Seagal tweeted his involvement in the new cryptocurrency only yesterday, February 20, which coincided with the release of another press release Bitcoiin2Gen on "clarify [ing] allegations" made by Coindesk, TNW, CNET, Mashable, Business Insider, and Fortune who accused cryptocurrency of being a pyramid scheme, scam, and MLM company.

In an attempt to dispel fears of any association that they might have with a pyramid scheme, Bitcoiin2Gen has responded to me dia's allegations by stating that their structure of c A four-level pyramid-type venture, where potential investors can earn money by promoting B2G through word of mouth, will only exist during the initial offer of coins (ICO)

<img alt=" ICO "src =" https://cointelegraph.com/storage/uploads/view/037d2b28efb01763ccc6185917ae39ee.png "title =" ICO "/>

The ICO B2G was launched in January 2018 and the official launch of the cryptocurrency is scheduled for March 2018. The B2G white paper reveals predictions that the price of the coin will reach $ 388 per coin in December.

The press release of February 20 writes that there would be no problem. if Mr. Steven Seagal promotes a cryptocurrency, " as it is normal for celebrities to promote brands.The company adds that:

" No one should bind this approval as an investment advice that neither he nor we have ever advised. "

Although Bitcoiin2Gen acknowledge that Seagal's approval" The coin of currency of Bitcoiin2Gen is the only reason why the enthusiasts participate in the ICO or are part of the Bitcoiin2Gen "

The press release concludes with confidence:

"To sum up, we would like to inform the community that we are not an MLM company or a pyramid scheme or scam."

Twitter user Jonathan Matias commented on Seagal's tweet announcing its brand ambassador :

"Damnit Steven J was about to tweet to warn you that someone was using your name and image to promote a Sh *** piece without you knowing it, and here we are. Dump this and run!