January 10, 2020 Brooklyn Nets’ Spencer Dinwiddie will move forward with tokenized income share agreement project.

After months of negotiations with the NBA, Spencer Dinwiddie announced that he will indeed sell tokens entitling holders to a portion of his future income beginning January 13th. He is seeking to sell $13.5M worth of tokens, accepting minimum investments of $150K from accredited investors. The sale is reportedly now being permitted due to a change in the agreement that offers to pay investors a flat rate in the third year, with payouts no longer being affected by any changes to Dinwiddie’s NBA contract during that time. Paxos will provide escrow services for the project, and dividends will be paid in the USD-pegged PAX stablecoin.