On Sept. 1, the South China Morning Post reported that the Filipino boxer turned politician and singer launched his own token with the financial support of private investors such as ex-Liverpool and England soccer star Michael Owen and Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family.
Listing on Singapore-based Global Crypto Offering Exchange
GCOX Founder and CEO Jeffrey Lin reportedly said that the token is not intended to just raise money but to build a token ecosystem.
Pacquiao, who currently holds the World Boxing Association welterweight title, first assumed office as a senator in the Philippines in June 2016.
More celebrity plans to launch crypto tokens with GCOX
American singer-songwriter Jason Derulo is also planning to launch his own cryptocurrency on the platform.
GCOX’s chief communications officer Evan Ngow said at the time: “We are committed to assembling a diverse, multi-talented array of stars at GCOX, and Jason will certainly not be the last musician to join our ranks.”