Filipino boxer and politician Manny Pacquiao launches own cryptocurrency


  • The token will be listed on Singapore’s Global Crypto Offering Exchange.
  • GCOX Founder reported that the token is not aimed at raising money but to build a token ecosystem.

The Filipino boxing champion turned politician has recently launched his own cryptocurrency, as reported by the South China Morning Post. The endeavor is aided by investors such as ex-Liverpool and England football star Michael Owen and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family. American singer-songwriter Jason Derulo is also planning to launch his own cryptocurrency on the platform.

The token, dubbed Pac token, will be listed on Singapore’s Global Crypto Offering Exchange (GCOX). This will also allow his fans to buy merchandise and interact with him via social media. Jeffrey Lin, GCOX Founder & CEO, reported that token is not aimed at raising money but to build a token ecosystem. Pacquiao had taken office as a senator in the Philippines in June 2016. He currently holds the World Boxing Association (WBA) welterweight title. 

GCOX explains that its technology is built on the Acclaim blockchain and is designed to benefit celebrities at different points in their careers. GCOX’s chief communications officer Evan Ngow said at the time: 

“We are committed to assembling a diverse, multi-talented array of stars at GCOX, and Jason will certainly not be the last musician to join our ranks.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD may hit $8,000 soon if SMA50 daily gives way

BTC/USD hit the intraday high at $7,460 and retreated to $7,270 by press time. Despite the downside correction, the coin is moving within a short-term upside trend amid low volatility.

More Bitcoin News

Ripple Price Analysis: XRP/USD breaks above $0.19, bulls aims for $0.20 next

XRP/USD bulls are well and truly in control as the price has risen from $0.1794 to $0.1955, going past crucial psychological levels at $0.18 and $0.19. To continue this upward momentum, the bulls must go ...

More Ripple News

Ethereum Price Analysis: ETH/USD skyrockets above $170.00, next target $200.00

ETH/USD jumped above $176.00 during early Asian hours as the bullish momentum increased after the coin broke above the psychological $150.00.

More Ethereum News

EOS Price Analysis: EOS/USD bulls aim to take the price above $2.80

EOS/USD had a hugely Monday as the price jumped from $2.35 to $2.76. The price has increased a little more to $2.794 in the early hours of Tuesday. The bulls also managed to break past ...

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast

BTC

ETH

XRP