Bitcoin Forum

Do you know that Manny Pacquiao is launching it own token called Pactoken?

I just want to see what will be the outcome to this another unique and experimental project that made by a
celebrity boxer, Manny Pacquiao..

In the field of marketing, Celebrity tokens like Pactoken doesn't have problems in marketing because the name itself is already
popular and no need to market it all but most of these celebrities doesn't have any knowledge about blockchain and cryptocurrency.

What can you say about this projects? Can they sustain enough longer in this market or just bubble out and exit?

The project can sustain even longer consider that tokens are offered as a payment system to the merchandise and no more. As long as it will not be used to raise the funds from the investors and it can't be considered as security token which means if that token will be allowed by the government to be alive.
The regulation becomes the big problem for cryptocurrency right now dude.
As you can see so many tokens got shut down by the government.

I wish the government should allow this tokens in the Philippines but aside from Ponzi schemes the most reported online scams in news came from Bitcoin and altcoins. So it is very difficult to allow Bitcoin as well as other altcoins to be regulated here in the Philippines.

The most important thing is credibility if the developer has a good credibility and popular, then there's a possibility that the project will succeed, and besides this is Pacquiao one of the most ICONIC face and athlete in the world, if he can get a good and capable team then it's worth investing in this token.

That certainly depend on how team Pacman will manage the project, even if Manny will soon enjoy his retirement, this project will still become useful as he can be a financier for a boxing even promoting his fellow filipino boxers and it will not be hard for him to promote a game since he is very popular.

The brain behind this project is very smart, they want to be the first to be in the market that offers a unique service and I believe as the market grows, we will eventually see more of this kind of project in the future, but thanks for Manny Pacman for building this kind of project, he is not only good in boxing, but in business as well.

This is Manny Pacquiao he will not ruin a reputation just like that, he will make sure that this project will succeed like all the project that he handles.
He is capable of making this a huge success, he has the MP Promotion, he knows how to promote big projects.


He can hire developers and programmers, he has the money and the resources to make it happen.

I'm really not a fan of Celebrity Token because most of the time, they only do it because of hype and money. Since they are pretty famous, their name would really impact the movement of their coin.

I think it will last long because although they don't have much idea about cryptocurrency, I know that they hired a team of experts to do the job for them and the name is just for the show.

Pacquiao, 50Cent, Floyd Mayweather etc are in the game just to capitalize and gain more money in their pockets. I don't see any value besides maybe crypto awareness.

The only "celeb" I have respect for in the crypto field is AKON.
...Yeah, the same guy with "Smack that" and "Lonely" seems to be knee deep in crypto projects all over Africa. To make electricity available for more and more Africans, helping millions and he's launching AKOIN. The project is to actually BUILD a city somewhere in Africa where payments are made 100% using crypto: https://www.investopedia.com/news/singer-akon-launch-cryptocurrency-akoin/

At least you can see a real value that will help actual people, not them and their friends.

the others are just one more shitcoin in my eyes ...

Nah, those "endorsements" are usually an indicator of lacking of substance and going for the bling aka the style over substance situation. Remember those projects from 2017 that were endorsed by various musicians and athletes? Where are they now? In a shitter, where they belong.

There's a thread made for the discussion of PAC token.

Manny Pacquiao has own cryptocurrency called Pac (https://bitcointalk.org/index.php?topic=5184218.0)

Personally those kinds of tokens were made for their fans and doesn't really have other use. It can't be like the usage of bitcoin because the sole use of those tokens is for their merchandise. But the other interesting celebrity token is I think with Akon if he will manage to pursue his plan and push the benefit of Akoin.

Celebrities tokens are great for one reason, if a person creates a crypto, this action draws attention from his audience to the general crypto market. But such a coin cannot survive without a strong team behind it.

Honestly I am getting skeptical about the success of Pacquiao's upcoming coin so for me the latter one could more possibly happen. Yeah! There's no problem when it comes to its endorsement and stuff but at the end of the day investors are like leech — it will sucked up its host and then go away when its dry already. Crypto enthusiasts are more witty these days, they never stick to a new alt for a very long time. Once the price pump, they will dump and they're gone! They will go back again into much stable coins.

He was popular and desired by many people and its possible that soon enough people will also accept it especially those fans, but we can't easily tell if its going to last longer than we are expecting because no one knows what will happen in the future. If they have enough knowledge they can manage it pretty well and it can be successful. I'm not a fan but I just don't want to underestimate their ability and potentiality, what if it can give us best opportunities?

I am not a fan of celebrity token but it still depends on the celebrity who runs the project, if it is Pacquiao I'm going to support, we all know how generous and popular Pacquiao is, he can hire coders and developers if he can assemble a good and dedicated team then he has a good project coming.

The steps taken by Pacquiao are not entirely surprising. but this is still new to celebrities who release digital coins that revolve around them. but I think the coin has a longer future, because Pacquiao is idolized by many people and everyone will be encouraged to examine this innovation.

It really depends on the project structure and token utility... at this point the crypto space is so full of empty promises and scams that I don't think people will follow/invest on a project just because it is owned or endorsed by a celebrity...
If the project is good, having a celebrity name will undoubtedly be a plus on marketing and awareness...

No, because it doesn't really make any difference at all whether it is celebrity endorse or not.

Like this one: SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud (https://www.coindesk.com/sec-halts-mayweather-endorsed-ico-charges-founders-fraud).

So it's really up to us to look at the project itself, not just because someone has endorse it specially celebrity personalities.

Exactly, it didn't put any weight whether that project would be successful as well. It's good marketing ploy, but you can't take away the fact that the people behind are willing to pay celebrity endorser more money because the returns could be 10 folds, like in the case of Floyd endorsing Centra that time.

Although Manny Pacquiao is popular, if I"m not mistaken this is not the first time he endorses such token and I"m not sure what happened. So just be careful, you still need to look at the people behind.

Not really

Celebrity are mostly good at entertaining/arts related thing
Most Celebrity are not born with Pro-tech Gene

This also leads to a problem where they don't really see in depth of a tech, like coins that are endorse by celebrity. I mean do they even know about what's the tech behind the coin, the tokenomic, and so

So nope, never a fan of it

Not a fan, but sometime i see celebrity can make the token get hype. But only that, after it there is almost same for all tokens. Price in market very low, that is why sometime i just wait until a token listed in market so can buy cheaper price. It is better to speculate in it than i speculate in ICO. Because no one actually know what will happen in market although get hyped by celebrity.

this project has definite goals and users who need the coins. and for the promotion issue, I don't need to hesitate anymore because Pacquiao already has a lot of fans since long ago. and if the tokens / coins have been traded at the crypto exchange, I think it will last. maybe Pactoken will be a pretty stable token.

maybe he is good at his place as boxer athelete , but when you talk about cryptocurrency i don't want to follow or invest on any celebrity coin because their popularity only, if the team look good and professional enough on cryptocurrency thing then everyone will follow it for sure. let see what Pactoken can do on cryptocurrency

Hype that only lasts temporarily and sometimes can hurt investors. But as long as the celebrity project has long-term prospects and the product doesn't depend on popularity, I think the project can last. Ultimately, long-term investment will depend on the product, not on the celebrity's fame

Although he has a lot of fans, does his fans understand the world of Crypto? I think it's useless he has a lot of fans but doesn't understand the world of Crypto. I personally don't like celebrity tokens that are just hype in the world of Crypto.

Those coins, at least most of them, are just a joke and have to be treated like that. They are like having a picture on the wall at home, maybe nice but certainly useless.

This is Manny Pacquiao he is good at doing a lot of successful projects, he is a very enterprising people, he can hire capable developers and admins because he has the means to do that, what could possibly go wrong, if we invest in people we don't know and we don't know there capability, why not on Pacman.

For now people should know if project is good or bad depends on what it's purpose and maybe background of developers. If only from celebrity's hype, it will have same ending. Because without hype from celebrity, actually some project can get a lot of funds already. Before this, a lot of ICOs reach hardcap only in minutes. But even reach hardcap, the tokens still not good in market.

Tokens promoted and marketed by celebs had become popular with the ICO rise in 2017. But I am surprised to see people take their words for granted. These celebs are nothing but similar to mercenaries who will promote your project for money at the cost and use of their popularity without even thinking how badly the project could go wrong.

Have you all forgotten the Centra scam and the association of Floyd Mayweather? Then McAfee and its idiotic propositions? Its strange that new traders entering the market dont take a look into these wrongly managed projects which ended up being a disaster for their investors and still ask the same question. They get paid to promote as simple as that. They are least bothered about blockchain and the future of bitcoin.

it depends on the use of this token. if its token is just a spam token and no use at all then nahh. is it able to purchase tickets on their fight or purchase some merchandise and it is good.

I'm not a fan of celeb coins. As TheUltraElite said it was popular during ICO hype when the market had a bullish uptrend. Nowadays even projects with good team and idea (altcoins) go down, such celeb coins would be another crap coin IMHO. For example BuzCoin

Centra is indeed the most well known representative of this phenomena, just remember Floyd and his shilling while he probably didn't even have a clue what he is talking about. Or the Paris Hilton one, cringe inducing stuff.

I don't know about the project but to be honest, I am not a fan of celebrity because I don't think that they know details about cryptocurrency. I think the developers and the team are using their big name in their fan to invite the investors to join with the project. If the celebrity learned about cryptocurrency, then I think they can gain more fans by participating in the projects. But if it's not, then they risk their big names among the other celebrity.

But maybe that will be a new trend in the future, and there will be many other new projects that will invite the celebrity to join with them. Maybe that will good for the cryptocurrency because by using their name, the crypto world can grow more than now. Besides that, it is better if the celebrity wants to learn about the cryptocurrency so they can teach, explain to their fans and the investors.

All in all, it is good news for the crypto community to have a celebrity to join with the crypto project, so that will help the spreading of the cryptocurrency in public.

I don't think Manny Pacquiao will just launch his own coin to fail, he has a good reputation to hold and most people in the world knows his name. He just need to have a solid team of developers who can develop the product continuously., with regards to promotion it will be easy because he's Manny Pacquaio.

Yes, I am agreed with you that they have not more knowledge about crypto currency I also think. So Celebrity project is a unique thinks but a good developer team is needed for running a project. Without a developer team the project will fail obviously. So they should think hire a good developer team before making a celebrity token.