Crypto celebrity endorsements are not gone. Philippine boxing champion Manny Pacquaio issued his own digital asset, PAC. Pacquaio promoted his asset during a free concert event, reported Reuters.
The PAC token may serve fans to buy Pacquaio merchandise, and pay for social media interactions. The token will also be traded on the Global Crypto Offering Exchange (GCOX) in Singapore.
“We are not here to raise a lot of money but to build an ecosystem,” GCOX Founder and CEO Jeffrey Lin said for Reuters.
The Philippines is one of the countries with relatively favorable crypto regulations. Coins and tokens are widely traded in the country against fiat, and also used for international remittances.
PAC arrives at a moment whe...