Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.
Boxing legend Manny Pacquiao’s PAC token is to become available for investors on the GCOX exchange via an IEO on November 12.
In September of this year, a famous boxing figure Manny Pacquiao rolled out his own cryptocurrency dubbed PAC token. Starting from today, the token is available for purchase on Singapore’s Global Crypto Offering Exchange (GCOX).
How Does PAC Token Work?
PAC token was launched by the boxing legend and Philippines politician Manny Pacquaio as a way to get closer to his fans. Listed on GCOX, the PAC token can be used by millions of boxer’s supporters worldwide not only for the purchase of his merchandise but also for communication with the champion on several social media platforms. Among its private investors, we can name English former footballer Michael Owen, as well as a key member of the Abu Dhabi ruling family, Sheikh bin Zayed al-Nahyan.
Manny Pacquaio stated:
“PAC token can be used for several purposes, and also for me to reach out to my fans all over the world.”
“Through this robust ecosystem, I will be able to help my fans save money while promoting good value products and driving traffic to merchants who support me. Everybody wins in this ecosystem. This is my opportunity to give back to the community that has made me who I am today,” explained he.
As founder and CEO of GCOX Jeffrey Lin stated, the exchange is open to floating new cryptocurrencies and collaborating with celebrities who have decided to leave their own mark in the history of the distributed ledger technology. Among these celebrities are American singer Jason Derulo and tennis champion Caroline Wozniacki who are preparing to launch their own cryptos.
According to Lin, they are not here to raise a lot of money but to build an ecosystem. He commented on the PAC token:
“The PAC token is the first asset to combine blockchain technology with fan culture, and given the devotion of Manny’s supporters.”
“While Senator Manny is busy serving his people, we hope to help him reach out to his fans and engage them regularly. By having his PAC Tokens, they become a privileged group who will have opportunities to connect with him on a whole new level. GCOX will provide such a revolutionary fan-celebrity engagement platform,” added Lin.
The PAC token is similar to other cryptocurrencies in its functioning and possible ways for use. It can be used as a means of payment, as a way to get attractive prizes and rewards, and as a way to communicate with the boxing idol.