BitPAC To Floats Its ICO to Support Candidates

Bitcoin (BTC) political action committee (BitPAC) has announced that it will an initial coin offering (ICO) with a utility token Politicoin, to support its candidates running for public office. Its founder Dan Backer said, “It’s a utility token, not a thing of value. I don’t care if people want to buy, sell trade their token if an exchange wants to list it that’s fantastic. We have some larger scale, grand or long-term plans but we have to start somewhere.”

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