Current World Boxing Association Welterwight holder, Manny Pacquiao, who previously disclosed plans for his own cryptocurrency has finally announced its launch, on Sunday the 1st of September, during a concert he held in Manila. Pacquiao, who is also a sitting senator as well as singer, performed music from his own album which is made up of several popular love songs.
The digital currency, called ‘PAC’ tokens was developed as a way to connect with his many fans all over the world, as well as enable them to buy several items that make up his branded merchandise. PAC tokens were launched with direct investment from ex England soccer superstar, Michael Owen, as well a member of Abu Dhabi’s ruling family, Sheikh Khaled bin Zayed al-Nahyan.
The new PAC tokens will be listed on Singapore’s Global Crypto Offering Exchange (GCOX) and will be available there for any interested users. According to founder and CEO Jeffrey Lin, the GCOX hopes to give a chance to other celebrities who are interested in floating their own digital assets. Already being worked on are cryptos from Tennis player Caroline Wozniacki, and American singer Jason Derulo. Lin said that the GCOX is focused on building a palatable ecosystem for these projects and is not entirely focused on making a lot of money.
Lin had previously mentioned that the GCOX is a supportive platform for celebrities because of its specific design. Lin said:
“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 programmes powered by GCOX.”
Image Credits: Pixabay
