Lance Boyle has taken leave of his senses and Ray Hartley is in the director's chair for today It has begun. South Africa's first foray into the cryptocurrency market is a go, green lighted, thumbs-ed up, on the launching pad, primed for lift off. A company called Ubu Core has hit the ground with an Initial Token Offering  in something called UBX (desperate effort to explain follows later). This ITO appears to be a distant - and more kindly, please God - relative of the Initial Coin Offering. Nice dodge there. ICOs, in case you haven't noticed, have acquired a bad reputation since China said they were all crap and henceforth illegal in that country. And, as reported in this column last week, Jamie Dimon also took umbrage at all things cypto. So what's this "ITO" all about? Before you defy China and throw your money at UBX because, you know, that's how you roll,  read this detailed "white paper" which is now in the public domain. Ubu Core is launching what it describes as: The world'...

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