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People Are Tokenizing Themselves On Ethereum; Why “Personal Tokens” Raise Red Flags

Updated: May 25, 2020


  • So-called DeFi community members are tokenizing themselves on the Ethereum blockchain.

  • These tokens, minted with the name of the individual who created them, are being pitched as stakes in the brands or "digital communities" of their tokenizers.

  • In his just-launched token sale, Kohli is selling 1,500,000 KERMAN with the hopes of raising $30,000 at $0.02 a token.

  • Alex hit his target of $20,000 during his own token sale in early April, selling 1 million tokens to "30 shareholders" for $0.02 a pop.

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