Filipino Boxing Champ Releases World’s First Celebrity Token

Asia Blockchain Review
September 12, 2019
Filipino Boxing Champ Releases World’s First Celebrity Token

Filipino boxing champion Manny Pacquiao has become the world’s first celebrity to introduce his own cryptocurrency to be listed in Singapore’s GCOX.

Manny Pacquiao, world-famous Filipino boxing champion and local politician, recently announced during a concert in Manila on September 1st, 2019, that he is launching the first-ever celebrity cryptocurrency, called the ‘Pac’ token.

GCOX Listing for the ‘Pac’ Token

Pacquiao made the announcement to over 2,000 audiences attending the concert, stating that his Pac token will be listed on the Global Crypto Offering Exchange (GCOX) in Singapore. 

According to the South China Morning Post, Pac tokens will be on offer in the exchange, providing an opportunity for the boxer’s fans to buy merchandise from the celebrity and also interact with Pacquiao on various social media channels. 

Private investors of the cryptocurrency reportedly included Pacquiao and Michael Owen, a former soccer player for Liverpool, and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family.

The Rise in Celebrity Tokens

Apart from the boxer, Danish tennis player Caroline Wozniacki and American singer Jason Derulo have also revealed plans to introduce tokens through listings on GCOX.

According to Jeffrey Lin, Founder and CEO of GCOX, there is potential in celebrity tokens, saying, “We are not here to raise a lot of money but to build an ecosystem.”

Evan Ngow, Chief Communications Officer of GCOX, stated that the platform is “committed to assembling a diverse, multi-talented array of stars at GCOX” and that there are plans to introduce tokens from other musicians in the future.

GCOX’s white paper disclosed that the platform is built on the Acclaim blockchain and is intended to boost the power of celebrities at “different points in their career”.

Source: https://www.scmp.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Half of Public Services in Dubai to be Run on Blockchain Platform by 2021
The United Arab Emirates has reaffirmed its goal to digitize 50% of government transactions with blo...

November 21, 2019

Ant Financial Introduces Blockchain Open Alliance
Ant Financial, owner of Alipay, has introduced the Ant Blockchain Open Alliance aimed at lowering th...

November 20, 2019

Vietnam Plans to Build Smart City with Blockchain
Vietnam has announced a plan to build a smart city and tackle pressing problems in Ho Chi Minh City ...

November 20, 2019

Tencent Granted Blockchain Bank License in Hong Kong
Major Chinese tech company Tencent has recently been granted a blockchain bank license from the Hong...

November 19, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us