Philippine Boxing Champion Manny Pacquiao Releases Own Cryptocurrency

Philippine boxing champion and celebrity Manny Pacquiao has launched his own cryptocurrency.

On Sept. 1, the South China Morning Post reported that the Filipino boxer turned politician and singer launched his own token with the financial support of private investors such as ex-Liverpool and England soccer star Michael Owen and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family.

Listing on Singapore-based Global Crypto Offering Exchange

The Pac token will be listed on Singapore’s Global Crypto Offering Exchange (GCOX), paving the way for his fans to buy merchandise and interact with him via social media.

GCOX Founder and CEO Jeffrey Lin reportedly said that the token is not intended to just raise money but to build a token ecosystem.

Pacquiao, who currently holds the World Boxing Association welterweight title, first assumed office as a senator in the Philippines in June 2016.  

More celebrity plans to launch crypto tokens with GCOX 

As Cointelegraph previously reported, American singer-songwriter Jason Derulo is also planning to launch his own cryptocurrency on the platform.

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.”

In its white paper, GCOX points out that its technology is built on the Acclaim blockchain and is designed to benefit celebrities at different points in their career.