Photo Credit To Andrew Zhang Via Flickr

Manny Pacquiao, a Philippine boxing Championship has finally launched his own cryptocurrency, dubbed as Pack token on Sept.1, at a free concert in Manila.

As per the reports, the Filipino boxer has launched his new cryptocurrency “Pac” with the financial support of Michael Owen, ex-Liverpool and England soccer star and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family.

Manny Pacquiao Releases His Own Crypto Token

With the popularity of cryptocurrency so far, celebrity token is no longer a surprise. However, Pac is the world’s first celebrity cryptocurrency powered by Pacquiao who currently owns World Boxing Association welterweight title after defeating Keith Thurman at the WBA Welterweight Super Championship in July.

With pac tokens, fans can buy Pacquiao’s merchandise, in fact, they can also interact with Pacquiao via different social platforms. Moreover, the token will soon be listed on Singapore’s Global Crypto Offering Exchange (GCOX). Following Pac, other celebrities such as American singer Jason Derulo and Tennis star Caroline Wozniacki seeks to launch their own digital currencies collaborating with GCOX.

Evan Ngow GCOX’s chief communications officer said:

“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.”

The fact is that GCOX in its whitepaper described its vision to benefit celebrities via its blockchain technology. However, it doesn’t primarily target to raise a lot of money. As GCOX’s Founder and CEO Jeffrey Lin stated;

“We are not here to raise a lot of money but to build an ecosystem.”

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