From PC Mag: Kodak's upcoming cryptocurrency has attracted over 40,000 potential investors, according to the developers behind it. The only problem? It isn't clear how many of those investors are legit.
On Wednesday, KodakCoin developers delayed a much-anticipated initial coin offering by "several weeks," in order to verify the status of each investor. KodakCoin is only open to "accredited investors" with an individual net worth of $1 million or $200,000 in earnings over the past two years.
"We will be contacting all potential investors that have previously registered for the ICO shortly for additional information," a posting on the KodakCoin website says.
Earlier this month, Kodak licensed the Kodak name to a blockchain-powered currency under development from WENN Digital, a photo agency that offers paparazzi images—a move that raised eyebrows in the business world.
View: Article @ Source Site
