Boxing Champ Manny Pacquiao launches his own crypto tokens: In Las Vegas Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency 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 "Pac" tokens, which will allow fans to buy his merchandise and communicate with him via social media.
The "Pac" token will be recorded on Singapore'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's ruling family.
It is the world's first celebrity cryptocurrency. Tennis ace Caroline Wozniacki, Owen, and singer Jason Derulo also plan to launch their crypto tokens with GCOX.