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Dozens of stallholders, pitching anything from a happy retirement to commercial property to the future of electronics, set up shop in central London last weekend to pitch their wares. The companies and their salesmen were not there to part ways with the actual product, however.... [You have to ask] is it actually solving a problem or is it just making one up?" said Linda Leaney at Globcoin, which claims to be a stable cryptocurrency backed by global currencies and gold.One Leeds-based company, offering a token backed by commercial property, crypto trading and the founder's online discount shopping platform, said it had raised $4 million in seed investment, and was targeting $10 million, with bonus tokens and referral awards for attendees that emailed their details.Sam Smit, a 34-year-old electronics engineer, is a self-styled "dirty flipper" – someone who buys a token at the pre-ICO stage before token sales are opened to the general public, then sells them when they begin trading on an exchange.
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