Boxer Manny Pacquiao and world boxing champion will be launching his own PAC token on the sparkle IEO platform of the GCOX exchange. The boxer who is now winning the world’s championships announced he will be launching his own token in September as we read previously in the altcoin news.
The PAC token is the first such token launched by a celebrity and this is also the latest entrepreneurial effort from the talented boxer and welterweight champion and alongside his career. He is also an elected Senator in the Philippines and made multiple forays into the music recording, basketball, and acting industry.
The boxer Manny Pacquiao will enable his fans to interact with his own brand by allowing them to purchase merchandise and requesting mentions on social media but also by adding exclusive events. This is the first time a celebrity launches a cryptocurrency such as this one that will effectively tokenize his brand. Pacquiao will partner with the GCOX Singaporean crypto exchange which plans to become the exchange of choice for the celebrity tokens. Some of the other starts will no doubt follow his progress of the PAC coin and launch it as well.
Former England and Real Madrid striker Michael Owen, the popular tennis player Caroline Wozniacki and signer and artist Jason Derulo are also getting invested in the idea of launching their own token on the platform. One member of the Abu Dhabi royal family is also involved. The CEO of GCOX Dr. Jeffrey Lin explained that this kind of an IEO could be the first of many:
“The PAC token is the first asset to combine blockchain technology with fan culture and given the devotion of Manny’s supporters – not just in Asia but throughout the world – we are confident that the newly-issued tokens will be a success.”
The success of the PAC token is yet to be seen but it seems that it is inevitable for Pacquiao’s fans to be interested in owning a token that will give them privileged access to see their hero. If the PAC Token is successful, others will follow for sure. The celebrity tokens could become the next big category and they could even become the catalysts for crypto mainstream adoption.
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