April 1, 2021, 7:23 PM
A enterprise developer’s lawsuit alleging Elysian World Corp. did not pay him for his companies in reference to an preliminary coin providing should be dismissed for lack of jurisdiction, a federal court docket in New Jersey stated Thursday.
Keith Magill alleges Elysian agreed to pay him $200,000 value of the cryptocurrency Ethereum if its ICO had been profitable. In return, Magill labored to persuade potential buyers to purchase Elysian’s ELY tokens through the ICO, developed advertising and marketing supplies, and managed Elysian’s social media, amongst different duties, he says.
The ICO raised $7 million, however Magill alleges he was solely paid $12,500 value of…