RATE Group | Singapore start-up to launch Pacquiao cryptocurrency by early next year, SE Asia News & …
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Singapore start-up to launch Pacquiao cryptocurrency by early next year, SE Asia News & …

12 Oct Singapore start-up to launch Pacquiao cryptocurrency by early next year, SE Asia News & …

Posted at 07:39h in Cryptocurrency News by

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MANILA – A Singapore start-up is targeting to launch a cryptocurrency that leverages the popularity of Philippine boxing legend Manny Pacquiao by the first quarter of next year.

“For Pac Tokens, we are looking at launching, probably by end of Q4 or Q1 (next year),” Global Crypto Offering Exchange (GCOX) chief communications officer Evan Ngow told GMA News Online.

He said the company was just waiting for the Philippines’ Securities and Exchange Commission to finalise its rules on “initial coin offerings”, which he expects to see by year end.

The volume and value of Pac Tokens that GCOX will initially offer are still being negotiated with Mr Pacquaio’s camp, he said.

Pac Tokens will allow fans to buy the Filipino star’s merchandise, including his used boxing gloves or jackets, and interact with him via live-streaming.

Mr Pacquiao is the only eight-division champion in boxing history, and is now a senator.

Forbes magazine last year listed the once-poor boxer as the world’s 20th…

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