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Action Film Star Steven Seagal Endorses Knockoff “Bitcoiin” ICO

Washed up action film star Steven Seagal has issued a statement via his personal Twitter account that he’s signed on to become the worldwide brand ambassador for “the Bitcoiin 2nd Generation crypto currency.”

A press release linked to by Seagal’s Twitter account sheds more light on the situation. The goals of the company behind Bitcoiin 2Gen is to make a “superior or more advanced version of the original Bitcoin.” Bitcoiin 2Gen uses the Ethereum blockchain and plans to launch as a complete ecosystem, with its own wallet, mining machines, and ability to exchange into other alts or even fiat currencies.

It’s not clear why there’s an association with this new crypto ICO and a B-list celebrity, but the Bitcoiin website features Steven Seagal on its website homepage, and press release gloats about his involvement:

"As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party."

The press release continues:

"Steven Seagal is a man of diverse character whose spiritual beliefs and humanity are woven into every aspect of his life. Most of us know Steven for his roles as an action hero, Call it an obsession or a calling but Steven mastered Martial Arts at an early age, becoming a 7th-degree black belt and Aikido master. His films include box office successes such as Hard to Kill, Marked for Death, Out for Justice, Above the Law, Under Siege, Executive Decision, The Glimmer Man, and Exit Wounds to name a few, are all loved for their storylines and fast-paced Hollywood action. Most importantly, it is his genuine care for others that drives him to unselfishly give his time and financial support to many charities across the world. His support of environmental causes, animal rights, children in need and HIV/AIDS efforts is undeniable and an important part of his daily schedule. Steven Seagal is a versatile talent and an intricate human being, whose passion, selflessness, integrity, and character are embodied in his work."

As if a Bitcoin knock-off sounding name and a has-been celebrity weren’t enough red flags, the ICO is offering an affiliate rewards bounty program similar to other investment scams like BitConnect had also offered.

Our advice is to stay far away from this one.