Blockchain venture studio Draper Goren Holm pledged to donate $ 1 million in Bitcoin (BTC) to digitally celebrate their annual blockchain-focused conference, with nearly 1,000 signups already. (Updated June 6: Bold updates.)
The venture studio focused on incubating and accelerating early blockchain startups was founded by Alon Goren and Josef Holm, who partnered with billionaire venture capital investor and bitcoin enthusiast Tim Draper in 2019. The company announced that their annual LA Blockchain Summit will no longer be held at the Los Angeles Convention Center – it will enter cyberspace, the press release says. They decided to take this step because of a coronavirus pandemic.
Two events will be held to commemorate the virtual summit, says Draper Goren Holm: The Limited Time Promotion with social trading and investment platform eToro will be expanded for US residents to receive $ 299 tickets to the virtual conference, and $ 100 in Bitcoin will be given to the first 10,000 “qualified attendees”. To be eligible, there are three steps to follow: open a new eToro account, buy at least $ 50 in crypto, and attend the conference.
The company had nearly 1,000 registrations, reports Bloomberg, which equals c. $ 100,000 in expected BTC payouts.
According to the announcement, the venture studio’s core studio is that “is the best way to drive mass adoption [of BTC] is by owning a piece of the crop, “with Operations Manager Adam Levy adding that” there is no better way to learn more about the industry than by having some skin in the game. Draper noted that this is “the largest bitcoin giveaway in history” that “will give so many people the opportunity to discover the power behind cryptocurrencies and blockchain technology.”
“There is no better time to learn more about crypto and blockchain than now,” said Bloomberg, Goren says. “Everyone has probably heard of Bitcoin at this point, but 99% of people haven’t used it or had it. We want to bring in the mainstream.”
However, Levy told it Cryptonews.com that they cannot give away bitcoin to people outside the United States through this promotion.
“But we’re working on other ways to do that,” he said.
“After we have given everyone the BTC, we are going to give them tutorials on how to spend it, how to save it, how to send it to relatives on the other side of the world, how to invest it, etc. ” Levy added.
The 7th edition of LA Blockchain Summit will be held October 6-7, 2020.
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