Headphones maker Monster files for $300 million ICO

Headphones maker Monster files for $300 million ICO

6 years ago
Anonymous $2WKDXfy9lA

https://www.cnet.com/news/headphones-maker-monster-files-for-300-million-ico/

The company, which now focuses on high-end audio cables, aims to raise $300 million with the sale of Monster Money Tokens, according to a filing with the US Securities and Exchange Commission last week. The San Francisco-based company plans to use the proceeds to develop an e-commerce platform based on the Ethereum blockchain it calls the Monster Money Network.

"We intend to utilize the blockchain technology to our marketing, accounting and audit, internal control and shipping management functions," the company said in its filing. "We believe the blockchain innovation will bring disruptive advancement to our e-commerce and business operation systems."