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Manny Pacquiao launches his own 'Pac' crypto tokens

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Neil Jerome Morales and Ronn Bautista, Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2019/news/09/02/manny.jpg"/><figcaption>PDP Laban Campaign Manager Senator Manny Pacquiao during a press conference held at the Century Park Hotel in Manila on May 16, 2019. George Calvelo, ABS-CBN News</figcaption></figure></div>MANILA - Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product.The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his &quot;Pac&quot; tokens, which will allow fans to buy his merchandise and interact with him via social media.The &quot;Pac&quot; token will be listed on Singapore&#x27;s Global Crypto Offering Exchange (GCOX) and counts Pacquiao and ex-Liverpool and England soccer star Michael Owen as private investors, along with Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi&#x27;s ruling family.It is the world&#x27;s first celebrity cryptocurrency. Tennis ace Caroline Wozniacki, Owen and singer Jason Derulo also plan to launch their own crypto tokens with GCOX.&quot;We are not here to raise a lot of money but to build an ecosystem,&quot; GCOX Founder and CEO Jeffrey Lin told Reuters.At Sunday&#x27;s concert, Pacquiao sang songs from his own album which has sold thousands of copies and covers popular love songs.&quot;Pacquiao is idolized by many. People will be encouraged to check this innovation,&quot; Aaron Baetiong, 38, who attended the concert, said of the &quot;Pac&quot; tokens.

The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his "Pac" tokens, which will allow fans to buy his merchandise and interact with him via social media.

The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his "Pac" tokens, which will allow fans to buy his merchandise and interact with him via social media.

Manny Pacquiao launches his own 'Pac' crypto tokens

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Manny Pacquiao launches his own 'Pac' crypto tokens

Neil Jerome Morales and Ronn Bautista,

Reuters

Published September 02, 2019 10:37 AM PHT

|

Updated September 02, 2019 01:43 PM PHT

Read More:

Manny Pacquiao

celebrity cryptocurrency

Pac tokens

virtual currency

Global Crypto Offering Exchange

GCOX

Singapore

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