Manny Pacquiao’s Cryptocurrency Could Finally Launch by the End of 2018

Alan Wass
  • 16 Oct 2018
  • /
  • In #ICO

Manny Pacquiao’s eagerly-awaited cryptocurrency may finally be launched by the end of 2018 after many months of talk and speculation in the crypto-sphere.

As crypto-assets launched by famous sports legends and celebrities are massively trending in 2018, Manny Pacquiao’s cryptocurrency had seemed to stall somewhat after major reports of its creation earlier this year.

Pacquiao is Punching Above his Weight as Usual

As rumors of a Floyd Mayweather Vs. Manny Pacquiao rematch is making international news, a punch aimed at Mayweather’s face is not the only thing the legendary Filipino boxer plans to launch his year. The proposed Singapore-based Pac Token, which is Manny Pacquiao’s cryptocurrency, could finally come to fruition by the end of the year says the StraitsTimes.

According to the news outlet, the Singaporean based Global Crypto Offering Exchange (GCOX) will be the ones charged with the task of launching the boxer’s exciting new Pac Tokens. The crypto-asset is looking to benefit from the massive popularity of the legendary pugilist across the Asian continent.

The chief communications officer at GCOX, Evan Ngow was reported by the StraitsTimes to have assured the public that the only delay in the launch of Manny Pacquiao’s cryptocurrency is waiting for the go-ahead from the Philippine Securities and Exchange Commission. According to Ngow, this will be finalized before the end of the year or early next year at the latest.

Manny Pacquiao’s Cryptocurrency Relationships

The legendary fighter is an eight-division champion who is known for his rags-to-riches ascension from a poverty-stricken upbringing in General Santos City in the Philippines to the pinnacle of the boxing world. His rise to not only becoming one of the greatest boxers of all-time but also as a godlike figure in the Philippines and as a leading political figure is simply awe-inspiring.

Pacquiao is already an ambassador for the blockchain platform tGCO, which helps celebrities to create their own crypto-asset that fans can then use to pay for exclusive content and goods sold on the GCOX platform. Manny Pacquiao is not the first or only sportsperson to align himself with a crypto-asset.

Other famous boxers such as Floyd Mayweather and footballers such as Ronaldhino, Michael Owen (on GCOX) and Didier Drogba have allowed their names to be used in the promotion of certain ICOs and crypto-asset projects.

Time will tell if Manny Pacquiao’s cryptocurrency can leverage the massive popularity across South-East-Asia that makes the Filipino fighter-turned politician a messianic figure to millions of Filipinos.

Sparkster (SPRK) Debuts at 10% of ICO Price, Bittrex Geofences 32 Cryptoassets

Today's top news from the cryptocurrency and blockchain space:

  • Top crypto-regulation advocate predicts impact of Facebook’s cryptocurrency.
  • Sparkster’s SPRK token goes live on exchanges at only 10% of its ICO price.
  • Bittrex to disable support for 32 cryptocurrencies for U.S. customers.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,954.79 (2.35%) and $242.21 (1.84%), respectively. The MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,861.18 (+4.47%).

Bitcoin Ethereum CryptoCompare

Top Crypto Spokeswoman’s Facebook GlobalCoin Prediciton

Caitlin Long, a former Wall Street executive actively pushing for cryptocurrency- and blockchain-oriented regulations, shared six predictions about the ramifications surrounding Facebook’s forthcoming GlobalCoin stablecoin.

Among the predictions shared by Long – who has been a driving force behind the U.S. state of Wyoming’s establishment of a crypto-friendly regulatory environment – was that developing economies will be significant beneficiaries of Facebook’s GlobalCoin.

In terms of how the social media giant’s stablecoin launch will impact bitcoin (BTC), Long was optimistic; tweeting her belief that Facebook “will pull more users into #BTC (sic) whether it intends to or not.”

Sparkster’s SPRK Debuts at 90% Loss

Sparkster, a blockchain project that completed a $30 million initial coin offering (ICO) in July 2018, unlocked its SPRK tokens yesterday. After selling for $0.17 (USD) per token during the ICO, SPRK debuted on multiple cryptocurrency exchanges for roughly one-tenth of its price; a 90 percent loss for those who invested almost twelve months ago.

Bittrex Latest to De-List Cryptocurrencies for U.S. Traders

Major cryptocurrency exchange operator, Bittrex, announced it will disable support for thirty-two listed coins for customers based in the U.S. Effective on June 21, the U.S.-based exchange stated in a blog post that:

U.S. Customers will be sent an email communication from Bittrex that provides guidance on what they can and cannot do with their affected Tokens/Coins in connection with this change before an affected market is no longer available.

Among the cryptocurrencies set to be disabled on Bittrex – and transitioned to Bittrex International – are Storj (STORJ), Gifto (GTO), and Enigma (ENG).

Bittrex’s decision comes only a few weeks after fellow U.S.-based exchange, Poloniex, stopped offering nine cryptocurrencies to domestic customers due to regulatory uncertainty.