South African crypto token owners worried about the status of funds that cannot take off as promised-emerging countries

A group of South African cryptocurrency investors has expressed concerns about the fate of their investment in the fight to fame (F2F token) after they reported their funds as promised.

token sale moves over 2,000 applicants to

according to iOL Test report , the investors had invested in a token that was funded by Marius Fransman, a former regional leader of the South African ruling party ANC. Some media reports indicate that Fransman's companies may have received over 2,000 applications from investors, including actors, writers, musicians and directors who wanted to take part in the project.

Fransman had planned to use the funds collected to promote an international TV reality box show called "Fight to Fame". The report adds that Fransman's company, F2F SA, would organize large entertainment events in places such as large casinos, in which the tokens would be a means to access the venue and also be exchanged for game chips.

But as an anonymous owner of the token explained, the problems began, as investors, could not access their funds as promised. Instead of observing the promise to enable payments after nine months, Fransman's companies are said to have informed investors that they were only entitled to a loan that was only part of their original investment.

It is apparently this one-sided change in the conditions of the investment agreement, which has aroused fears with the F2F token owners that they may not get their funds back.

effects of pandemic on Fransman's plans

In the meantime, the Fransman report quotes-which seems to be recognized that this company does not adhere to its promise-and explains how Covid-19 and locks have had an impact on the plans of its company. He said: