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Browse: Home / 2020 / January / 15 / Spencer Dinwiddie Launching Digital Token Next Week, Discusses NBA’s Threat To Terminate His Contract

Spencer Dinwiddie Launching Digital Token Next Week, Discusses NBA’s Threat To Terminate His Contract

By Securities Docket on January 15, 2020, 5:22 pm

After nearly three months of delays, including a threat from the NBA to ban him from the league during negotiations, Brooklyn Nets point guard Spencer Dinwiddie plans to launch his token-based investment vehicle on Monday in conjunction with a bid to get selected to his first career All-Star Game.

I reported in October that the 26-year-old planned to launch DREAM Fan Shares, a blockchain-based investment platform, where he’ll sell 90 SD8 coins that will enable Dinwiddie to collect up to $13.5 million of his guaranteed three-year, $34 million contract upfront, as a business loan. But Dinwiddie ran into some disagreements with the NBA about this first-of-its-kind initiative, which he outlined over the phone on Sunday as Brooklyn arrived in Orlando for a game the next night against the Magic.

via Spencer Dinwiddie Launching Digital Token Next Week, Discusses NBA’s Threat To Terminate His Contract.

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Posted in Industry, Top | Tagged Digital Tokens

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