Manny Pacquiao ventures into cryptocurrency as an investor
News of Manny Pacquiao venturing as an investor in blockchain firm Global Crypto Offering Exchange (GCOX) has gone viral on twitter.
GCOX which is a Singapore startup has made its claims of bring the first cryptocurrency of its kind that enables celebrities to create their own tokens.
The Celebrity Tokens can be used to buy exclusive goods and services in relation to the celebrity on GCOX’s platform. It also provides fans access to their favorite stars through interactions such as meet and greets and live streaming via a service called Celeb-Connect.
Another service, Celeb-Charity, allows fans to donate to celebrities’ causes using the digital coin.
The cryptocurrency value is determined through “open market forces” and is supposed to be indicative of the star’s popularity.
Aside from investing in the start-up, Pacquiao will launch the PAC Coin as the first celebrity to create a token on the platform, reports Finance Magnates.
Per his 2016 statements of assets, liabilities and networth (SALN), the boxing champion has a net worth of over P3 billion. He owns over 100 real properties and has P250 million worth of investments.