Filipino boxing champion The Honorable Manny Dapidran Pacquiao has finally launched the long awaited celebrity cryptocurrency, hence becoming the first popular professional boxer to own a private token and also the first to join the blockchain and Bitcoin ring. The boxer who at the same time a politician serving as a Member of the Philippine House of Representatives and a Chair of the Senate Public Works, rolled out his own token during the event that took place in the City of Manila where more than two thousand of his fans graced the function with their presence.
The Honorable Manny Pacquiao is believed by many to be one of the greatest fighters the world has ever seen. He has not stopped only on fighting in the boxing ring, he has taken the fight into the cryptocurrency arena where his own recently launched coin will face other giants like Bitcoin, Ethereum, Ripple and many others. Besides the Singapore’s Global Crypto Offering Exchange (GCOX), the PAC tokens will be listed on several cryptocurrency exchanges around the world, according to South China Morning Post.
Nevertheless, this is the waking call to many other development-loving celebrities including United States singer Jason Derulo, former Manchester United and England star Michael Owen, Danish tennis player Caroline Wozniacki, US professional boxer, Floyd Mayweather, etc. to come and implement similar innovative initiatives. We have seen celebrities from different corners of the entertainment world join this lucrative business.
A good example is that of a popular US Grammy-winning singer Akon aka Aliaume Thiam who is planning to setup a cryptocurrency city in his home country of Senegal in Africa. Akon was given over 2,000 acres of free land in the Capital Dakar by President Macky Sall to develop and implement this significant project that will help to boost the adoption of cryptocurrencies in the continent. Another example is that of a football star who plays for Real Madrid in Spain James David Rodríguez Rubio who rolled out his private token during the 2018 World cup.
The PAC token is going to offer fans of Pacquiao a very good chance to purchase merchandise and even provide them the ability to socialize and network with him on different social networking platforms such as Facebook, Twitter, Instagram, YouTube and others. Using this token, fans will also be able to engage in exclusive challenges by the boxer and even race to win massive rewards.
It is not true that only individual celebrities are entering the blockchain and cryptocurrency industry, we have a good number of sports companies that have joined this nascent business. Examples of sports team that are busy taking advantage of Bitcoin and other cryptocurrencies include S.L. Benfica Football Club based in Portugal, Liverpool FC in England, Juventus FC in Italy, Miami Dolphins in the US, Gibraltar’s semi-professional team.