Cryptocurrency News

Manny Pacquiao Releases His Own Cryptocurrency

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The boxing prodigy from Philippine, Manny Pacquiao has announced the launch of his own cryptocurrency doing a concert in Manila city. The concert gathering had more than 2,000 fans to pimp up the fad for the new cryptocurrency. Sunday’s concert marked the unification of music with the virtual currency as Pacquiao recited songs from his hit album and abruptly announced the launch of his cryptocurrency right before the show came to an end.

“Pacquiao is idolized by many. People will be encouraged to check this innovation,” said Aaron Baetiong, a person who attended the concert, spoke about the “Pac” tokens.

In July, 40-year-old defeated Keith Thurman winning the Welterweight Super Championship of WBA. The man also boasts of being a Philippine senator, and endeavors earn through his brand new “Pac” tokens that let its users buy the merchandise as well as interact the celebrity through social media.

The token is also reported to be listed on GCOX, the Global Crypto Offering Exchange (GCOX) of Singapore with Pacquiao along with the ex-Liverpool & England soccer champion Michael Owen to be deemed as the private investors. They will also be accompanied by a person from the family of Abu Dhabi’s ruler, Sheikh Khaled bin Zayed al-Nahyan. Hence the stardom of the token is not just known to the world but also been back up by robust and powerful candidates.

This new token is right now acknowledged as the Pac token. Although, this token is reported to be listed on GCOX. Coming from a household name, the token will be a good acquaintance to global celebrities too.

Even the main website for the proprietary launch mentions that the champion’s status and fame will be promptly used to promote the adoption of the new tokens. Here are the exact words:

“PAC Token (PAC) rides on the advantage of blockchain by transforming the popularity and brand of Manny Pacquiao into crypto tokens, which are quantifiable and exchangeable. Millions of fans will now be able to get closer to their idol Manny Pacquiao by having access to his bespoke fan-celebrity programs powered by GCOX.”

Some names in wallet services like Ledger Nano S  are planning to release a gamut of series of cryptocurrencies in the name of celebrities. Owen is reported to roll out his tokens too, along with the tennis player Caroline Wozniacki. The famous singer Jason Derulo is also named on the list.

GCOX says that these moves form the base of the foreseen crypto revolution swarmed with a ton of choices and services.

The world’s first cryptocurrency from a celebrity is ready to walk the earth, with many more to come. “We are not here to raise a lot of money but to build an ecosystem,” GCOX Founder and CEO Jeffrey Lin told Reuters.

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