The organization responsible for the introduction of Pac Tokens is the Global Crypto Offering Exchange located in Singapore.
According to the statement of the CCO at GCOX, Evan Ngow, the only thing that postpones the launch is the pending ICO regulations to be finalized by the Philippines Securities and Exchange Commission. The policies should be ready by the end of this year. Additionally, the firm is closely cooperating with Pacquiao’s crew regarding the volume and price of Pac Tokens to be released to the public.
Manny Pacquiao is also known for being a celebrity ambassador for tGCO, which is a blockchain network that helps celebrities establish their personal digital currencies for the admirers to utilize in exchange for access to the unique content traded via the GCOX network. The network wants to set up the first “authoritative popularity index” by valuating the tokens designed for celebrities on its network and it states that the enlisting of such coins on its network will work as an “objective indication” of the popularity of such celebrities.
Among other boxing celebrities to get involved with digital currencies are Floyd Mayweather, who had advertised numerous initial coin offerings and Evander Holyfield, who also promoted an initial coin offering, which was later terminated by the cease and desist order from the US SEC.