Earlier in August, Cointelegraph and VentureBeat reported that Tyson will serve as the founder and chairman of the sports and competition committee for allegedly blockchain-based sports project Fight to Fame.
The project also allegedly considered issuing a so-called Tyson Token and a token sale in early June.
American legendary professional boxer Mike Tyson has denied news putting forward his support for a blockchain-based platform for fighters dubbed Fight to Fame, which is allegedly a fraudulent scheme.
In a tweet published on Aug. 14, Tyson said:
“I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.”
This spring, crypto research and analysis firm Cointelligence released the results of its research into the project and its founder and CEO Shi Jianxiang, calling Fight to Fame “a total fraud.”
Cointelligence revealed that Shi is wanted by Interpol and the Chinese regulatory authorities “on charges of fraud and illegal fundraising that caused losses to investors of more than 10 billion yuan about $1.5 billion”
On Aug. 16 Tyson’s wife and manager Lakiha Tyson told technology-focused media outlet Modern Consensus that Tyson and her had negotiated working with the project several years ago, however later they made “very clear they … are not involved with Fight to Fame.”
This is where it all starts
Lakiha Tyson also revealed that the current mishap is due to an “incautiously signed but very preliminary agreement” with Fight to Fame’s founder Shi Jianxiang, who initially offered Mike Tyson casting in a Hong Kong martial arts film.
In 2018, Shi provided the Tysons with a term sheet briefly outlining a deal between Tyson and the U.S.-China Motion Picture Association (UCMPA) and its strategic partner, MG Pictures, the companies under Shi’s management. The term sheet specified that Tyson would serve as the chair of Fight to Fame and receive a share in the project.
Lakiha Tyson approved the agreement, having amended the clause specifying that as a “partner and co-founder Tyson will cooperate fully with UCMPA”, and hand-wrote “as per agreed in writing at a later date.” She said:
“We had no idea that this was a way to launch this Tyson Token. We didn’t agree to this. I was fuming at this point.”
Meet Ideaology – All in One Blockchain Solution
DUBAI, UAE, 8th May (Friday)
Time: 10 AM New York, NY, USA (GMT-4)
‘MEET IDEAOLOGY’ webconference is looking for you
The exclusive, pre-launch presentation for the top crypto people
In an effort to make top-shelf blockchain partnerships before their Initial Coin Offering is launched, Ideaology ( www.ideaology.io ) is organizing the Web-Conference ‘Meet Ideaology’ on May 8th, 2020.
The Web-conference will be focused on: Ideaology team, Benefits, and discounts of the token (IDEA), Whitepaper & Pitch Deck release.
Register your seat on the following LINK, its a free-of-charge and will be organized on the Zoom web conferencing app and streamed on our youtube channel.
The conference presents an opportunity to understand the vision and main project details, as well as ICO pre-announced details. Moreover, you will have an exclusive opportunity to talk directly to founders and Chief Executive Officer.
As stated on the website, ‘IDEOLOGY is my way to make the world a better place. A sharing environment where business founders, developers, and investors from all over the world elevate each other by offering their talents to one another. A platform where ambitious people can lean on their peers to grow and create a successful life for themselves. That’s my ultimate objective’’, explains Ideaology Founder & CEO, Khaled Alkalbani.
Ideaology is an open-source blockchain project on Ethereum, which will be dedicated to connecting talented developers and their target community members through its platform. Ideology platform will offer a variety of services as Crowdfunding, Freelancer, Creative Market, and Find a team option powered by IDEA token.