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Floki’s Response To ASA Recommendation

On March 2, 2022, the Advertising Standards Authority (“ASA”) issued a ruling regarding an advertisement published by Floki on the London Underground. The advertisement contained the Floki logo, an image of a cartoon dog wearing a Viking helmet. The text on the advertisement stated “Missed Doge? Get Floki.” In addition, the text at the bottom of the ad stated that “Your investment may go down as well as up in value. Cryptocurrency is not regulated in the UK.”

The ASA received a complaint regarding these advertisements and began an investigation into whether the advertisements violated the Committee of Advertising Practice (“CAP”) code. Prior to running the advertisements, Floki received approval from CAP that the advertisements were in compliance with their code.

In the ruling, the ASA concluded that Floki violated the CAP code. First, it concluded that the advertisements took advantage of consumers’ inexperience or credulity by not making clear that tax could be payable on profits from investing. Second, it concluded that the advertisement irresponsibly exploited consumers’ fear of missing out and trivialized investment in cryptocurrency by using the phrase “Missed Doge? Get Floki.” Floki emphatically disagrees with these conclusions.

It is important to note that ads from major cryptocurrency brands like Coinbase, Kraken, Luno, and eToro have been similarly banned as crypto companies try to create mainstream awareness about cryptocurrency while adhering to regulatory guidelines.

The action from the ASA is that Floki may not run the particular advertisements that were banned again in the form that they were run during the London Underground advertisement campaign. No other action was implemented against Floki.

As stated above, Floki denies any of the allegations in the ASA complaint and disagrees with the conclusions reached by the ASA investigator. Floki did its very best to be compliant before running these ads and took CAP’s advice and guidance regarding what risk warnings and disclaimers needed to be included in the marketing campaign. At no point was it brought to Floki’s attention by CAP that there was a requirement for consumers to be advised on the implications of Capital Gains Tax on investments in cryptocurrency. Had this been brought to Floki’s attention, Floki would have followed such advice and included the information in their marketing campaign.

Further, Floki has retained attorney advice. Floki cannot find where in the CAP Code or ASA guidance it specifically sets out that information relating to Capital Gains Tax must be contained in any advert relating to cryptocurrencies or financial products generally. Floki denies that it violated any regulations, and it will take any action it must to ensure its legal rights are recognized.

With regard to whether Floki was irresponsible with its advertisement, Code rule 14.1 states that financial products must be set out in a way that allows them to be understood easily by the audience being addressed. Floki asserts that its logo and wording of the advertisement allow the subject matter to be understood clearly by an informed consumer as well as the risks of an investment in Floki being clearly signposted in the risk warning at the bottom of the Advert.

Floki also asserts that the phrase “Missed Doge? Get Floki,” is a legitimate advertising technique designed to capture the attention of an informed consumer. The marketing campaign itself did not mislead consumers in the investment of cryptocurrencies and the advertisement contained material information that consumers require to make informed decisions before engaging with Floki or investing generally in cryptocurrencies in compliance with CAP Code rules 3.1 and 3.3.

In short, Floki will continue to advocate for its right to advertise its product. There are no regulations that should prevent Floki from advertising in the way it did. At this time, Floki is not prevented from running advertisements in the United Kingdom, except that it is currently not allowed to run the exact marketing campaign as what was complained about in that form. Despite this recommendation from the ASA investigator, Floki will advocate for the rights of its project and its holders.

Website: https://www.floki.com/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrencies.

The post Floki’s Response To ASA Recommendation appeared first on NullTX.

Source: null tx

Gavin Maloof Joins Tezotopia To Build Metzopia: The Virtual Vegas

Tezotopiaconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Unique NFT project Tezotopia and Las Vegas entrepreneur Gavin Maloof are building a Virtual Vegas Metaverse called Meztopia, set to launch Q3, 2022. 

 

1st March 2022, San Jose, Costa Rica —  Las Vegas titan and entrepreneur Gavin Maloof has teamed up with the hit blockchain game Tezotopia to create the ‘Entertainment Capital of the Metaverse’ in a project known as metaverse Metzopia, launching on the Tezos Blockchain.

 

The Virtual Vegas

Billed as the Virtual Vegas, Metzopia will incorporate clubs, casinos, events, shows, and exclusive NFT drops into a metaverse playland where visitors can come for a visit, buy a penthouse for permanent residence or be the entertainment themselves. 

 

Joab Garza, creator of Tezotopia calls it an escape from the routine, a getaway vacation only a click away. Maloof and his associates are currently onboarding major brands, casinos, artists, and performers to join forces in bringing a variety of unique entertainment options for the visitors of Metzopia.

 

Tezotopia Founder Joab Garza stated that: 

 

“We want our version of the metaverse to be where all the action is, we want it to be less of a second life, and more of a place you visit for the enjoyment of the experience,” 

 

Bridge from Tezotopia

Players of Tezotopia will be allowed to bridge their profiles into Metzopia and will have early adopter access to the world as it unfolds. Metzopia will be an expansion to the ever-growing ecosystem of Tezotopia, incorporating all the in-game assets available and collectible NFTs into this fun new virtual world. 

 

Mezotopia is still currently considering new brand partners and any interested parties can contact the project via email. (metzopia@gif.games) Additional details about the exciting new NFT project can be found here. Metzopia is slated to launch in Q3 2022. 

 

About gif.games 

Gif.games is the creator of Tezotopia, an open-world NFT game, and marketplace for virtual assets based on Tezos. Players can buy, sell, and trade digital territories (known as Tezotops) & build numerous virtual assets using the in-game cryptocurrency, Unobtainium (UNO). 

 

About Tezos

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com

 

Tezotopia Links

Website | Twitter | Discord 

 

Gif.games LinksTezotopia

Website | Telegram | Facebook | Twitter  | Instagram 

 

Media Contact Details

Contact Name: Joab Garza

Contact Email: joab@gif.games    

 

Gif.games are the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Gavin Maloof Joins Tezotopia To Build Metzopia: The Virtual Vegas appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins

Gavin Maloof Joins Tezotopia To Build Metzopia: The Virtual Vegas

Tezotopiaconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Unique NFT project Tezotopia and Las Vegas entrepreneur Gavin Maloof are building a Virtual Vegas Metaverse called Meztopia, set to launch Q3, 2022. 

 

1st March 2022, San Jose, Costa Rica —  Las Vegas titan and entrepreneur Gavin Maloof has teamed up with the hit blockchain game Tezotopia to create the ‘Entertainment Capital of the Metaverse’ in a project known as metaverse Metzopia, launching on the Tezos Blockchain.

 

The Virtual Vegas

Billed as the Virtual Vegas, Metzopia will incorporate clubs, casinos, events, shows, and exclusive NFT drops into a metaverse playland where visitors can come for a visit, buy a penthouse for permanent residence or be the entertainment themselves. 

 

Joab Garza, creator of Tezotopia calls it an escape from the routine, a getaway vacation only a click away. Maloof and his associates are currently onboarding major brands, casinos, artists, and performers to join forces in bringing a variety of unique entertainment options for the visitors of Metzopia.

 

Tezotopia Founder Joab Garza stated that: 

 

“We want our version of the metaverse to be where all the action is, we want it to be less of a second life, and more of a place you visit for the enjoyment of the experience,” 

 

Bridge from Tezotopia

Players of Tezotopia will be allowed to bridge their profiles into Metzopia and will have early adopter access to the world as it unfolds. Metzopia will be an expansion to the ever-growing ecosystem of Tezotopia, incorporating all the in-game assets available and collectible NFTs into this fun new virtual world. 

 

Mezotopia is still currently considering new brand partners and any interested parties can contact the project via email. (metzopia@gif.games) Additional details about the exciting new NFT project can be found here. Metzopia is slated to launch in Q3 2022. 

 

About gif.games 

Gif.games is the creator of Tezotopia, an open-world NFT game, and marketplace for virtual assets based on Tezos. Players can buy, sell, and trade digital territories (known as Tezotops) & build numerous virtual assets using the in-game cryptocurrency, Unobtainium (UNO). 

 

About Tezos

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com

 

Tezotopia Links

Website | Twitter | Discord 

 

Gif.games LinksTezotopia

Website | Telegram | Facebook | Twitter  | Instagram 

 

Media Contact Details

Contact Name: Joab Garza

Contact Email: joab@gif.games    

 

Gif.games are the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Gavin Maloof Joins Tezotopia To Build Metzopia: The Virtual Vegas appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

WarPatronage Has Just Stealth Launched 2 of Its Tokens!

Get ready, Commanders!

WarPatronage is a fictional military-style crypto-game where you can vote to your favorite region who could win it all and become the superior nation above all of the others.

The Idea:

The project is launching a token for every bigger nation that could be the deciding factor on a possible outcome of an imaginary war. If a country (token) gets bigger, meaning it will have a bigger holder base and bigger liquidity then it wins and becomes the ruler of the others.

There are two starting countries (tokens), and they are USA and Russia. With them fighting each other, you could guess who would win by buying and holding that token. If the deadline is over, the token with the more holder base and liquidity (calculated accordingly) will WIN THE FIGHT and it will get half of the other token’s liquidity.

The Goal:

1% of the transaction fees are being stored in a different wallet with the title of: CHARITY

That means that the project will SUPPORT REAL LIFE VETERANS AND MILITARY MEDICAL FACILITIES of the winning tokens. WarPatronage guarantees good acts while providing an exciting game of guesses to the investors.

You can be a part of various countries at once if you sympathize with them and would like to support the veterans there too. That 1% of charity means a lot to who is in need.

Tokenomics:

  • Total Supply: 100,000,000
  • Chain: BEP-20
  • Decimals: 18
  • 1% Charity
  • 5% Rewards
  • Liquidity locked for 3 years

USA Token address: 0xd1fc3597e6F491b3E301F1231a7cc577f10F4cDA

Russia Token address: 0x2227644F1fAB989357ea6706e864d907082a4Ea5

Website: https://warpatronage.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrencies.

The post WarPatronage Has Just Stealth Launched 2 of Its Tokens! appeared first on NullTX.

Source: null tx

Source: thinkbitcoins

WarPatronage Has Just Stealth Launched 2 of Its Tokens!

Get ready, Commanders!

WarPatronage is a fictional military-style crypto-game where you can vote to your favorite region who could win it all and become the superior nation above all of the others.

The Idea:

The project is launching a token for every bigger nation that could be the deciding factor on a possible outcome of an imaginary war. If a country (token) gets bigger, meaning it will have a bigger holder base and bigger liquidity then it wins and becomes the ruler of the others.

There are two starting countries (tokens), and they are USA and Russia. With them fighting each other, you could guess who would win by buying and holding that token. If the deadline is over, the token with the more holder base and liquidity (calculated accordingly) will WIN THE FIGHT and it will get half of the other token’s liquidity.

The Goal:

1% of the transaction fees are being stored in a different wallet with the title of: CHARITY

That means that the project will SUPPORT REAL LIFE VETERANS AND MILITARY MEDICAL FACILITIES of the winning tokens. WarPatronage guarantees good acts while providing an exciting game of guesses to the investors.

You can be a part of various countries at once if you sympathize with them and would like to support the veterans there too. That 1% of charity means a lot to who is in need.

Tokenomics:

  • Total Supply: 100,000,000
  • Chain: BEP-20
  • Decimals: 18
  • 1% Charity
  • 5% Rewards
  • Liquidity locked for 3 years

USA Token address: 0xd1fc3597e6F491b3E301F1231a7cc577f10F4cDA

Russia Token address: 0x2227644F1fAB989357ea6706e864d907082a4Ea5

Website: https://warpatronage.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrencies.

The post WarPatronage Has Just Stealth Launched 2 of Its Tokens! appeared first on NullTX.

Source: null tx