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⁠The much-anticipated PAC token backed by boxing champion Manny Pacquiao will be available on the GCOX crypto exchange starting from Nov. 12.

"The token has a variety of uses, as stated by Pacquaio in an email conversation with Cointelegraph:

“PAC token can be used for several purposes, the token will enable fans of the politician and sports star to connect through the Acclaim! social app. Users will receive loyalty points that can then be redeemed for autographed merchandise, complimentary tickets to meet-and-greet events with Pacquiao, as well as multimedia content such as access to live streams and motivational videos."

https://ct.com/80gn

No, I won't be buying any of this token.  Despite what that press release says, there's no reason for it to exist and if its value as an investment depends on the continuing popularity of a boxer, you pretty much know it isn't going to hold any value in the long term.

There are way too many coins and tokens on the market, all of them being hyped extensively in the beginning, and the vast majority of them end up being worthless.  This PAC token won't be any different, you'll see.

I’m a fan Manny but I will not buy this token, it sounds only like a vanity token to me and thats all. I’m just not fond of investing in crypto labelled by famous celebrities etc. There are a lot of good tokens aside from this one so I’ll skip it.

Just like the Dogecoin, I'll just trade it (buy low, sell high) if the trading volume is real and high enough, but I wouldn't consider this token for a long term hold because it's just riding on hype.

hmm i cant help but feel this is just another celebrity trying to get into the blockchain craze. Alot of these dudes were told its a gold mine : /
I agree with Pearls when he says longevity will be the real hurdle, whats a boxers career last, maybe 20 years? and how many could MANNY have left, MAYBE 10?
What this might do tho is just make cryptocurrency more popularized, mass adoption helps all of us already in the scene imo

I cannot find a single real-life problem that this token is trying to address. For cryptocurrency to be accepted properly and be adopted by the bigger population, it should be offering a product that solves a certain problem in the world, an innovative product that will give convenience and ease to people, or something that will disrupt the old way of doing things. With this token, there is none. I don't think the potential of this coin is great.

based on the article, the token purpose are:

those purpose are generic similiar with other projects, i know many project which have those purpose
i think this token just makes Manny Pacquiao as a selling point, i think it wouldnt get attention from cryptocoiner

as long as this token is not stable tokens like the others, it will be nice to buy this at the early stage of its token sales. considering this tokens comes from trusted developers, they will not just dump it. I agree that this will not become like the other tokens that you can hold for long, If you know how to deal with this kind of tokens, you better buy it. Just don't forget to subscribe to know its price every day or weekly.

What is the use case of this coin then? I believe that they are going to run an IEO at gcox and they are offering 50% bonus on the first round and it is very hard to decide if this coin would be worth it cause you know it is like going to be hyped but not good for long term thing

Maybe the first thing that becomes my question is when Pacquiao has retired from boxing or even died, then what about the fate of the PAC token? Pacquiao's support will be hype for the PAC token, but this will have a time limit that will run out of popularity. I assume only Pacquiao fans and the local community will be attracted to this token.

I really appreciate Pacquiao's actions, because indirectly his support for PAC tokens has made many people know about crypto and blockchain, also using it.

Let's see what that hype brings for all us and I don't think they won't put huge funds on this project if that won't prosper in the long run. Manny's foundation has been backed wih his wealthy friends whose anonymous for now,  and I guess he's the number one in demand guy in terms of popularity. Not just with his humbleness as a sports oriented guy, but also for his well being as a reformed christian attitude. Right now, I am not yet planning to purchase on that coin, maybe after the month of November will be better due to good forecast in December.

I will not buy it because we are not in 2015 anymore this kind of token will not survive, what is the point of buying something that relies on hype instead of utility(utility in here is something that solves our problem in real life, not for an autograph)?
even a utility token does not get much attention from the investors right now because of our current market.

It's a fan culture type of coin, and since Manny Pacquiao is not going to be a boxer and cannot sustain his popularity for a long time, I doubt it,  it cannot sustain its long term goal or sustainability, it's good for a pump and dump coin but I have second thought on celebrity back coin, if the celebrity is on their peak but Manny cannot sustain within 5 years.

thats also my concern since Pacquiao is Getting older as days passed by,so what will happen when he died?this will be a commemorative currency?this is the question that must be answer i guess.
those are good points since this is just a celebrity tokens and will only be popular in a short span of time and after it will become like other currency that is being pumped before release and days after.

I'm a fan of Pacquiao but not with this coin. I don't think that we really need more of these personal coins that these celebrities are making. I see that the use case is all about the rewarding system just like any convenience store has.

I won't buy this coin, sorry.

Yes, we can just ride the hype specially it has the backing of Pacquiao. So after the hype, maybe this coins will just be another shitcoin in the market for all we know.

But I'm not buying this coin either, even if I'm a fan of Manny here. I don't understand it's purpose in the first place, but then again as I have mentioned there could be hype, so for those who wanted to ride, good for you but you should be exiting on time because you don't want yourself to be trap.

The usage of the token is not so solid and I'm curious if it can sustain the price since for sure there are so many things that needed to consider especially if this token will be listed to the market. But I don't know if there will be a good back up to maintain the phase but let see on how things go since I'm little bit excited for the news about the Pac token launching.

I thought that it was already released, anyways, as per their website:


https://pactoken.io/

I don't know how can you get closer with Manny here? And it's obviously the use case is center on Manny Pacquiao, but what will happen if he retires? Will his fans still support his tokens? I'm also a big fan of Manny Pacquiao but I don't know what the real purpose of him getting into crypto in the first place. I would love to see how will things turn out after the release and maybe if I get to understand it more, chances are I'm might join the bandwagon, just saying.

After seeing those benefits of this coin then i do already lost up my interest yet it isnt really that innovative but rather a useful thing for die hard fans of Pacquiao
other than that i dont see any relevance or important uses but it isnt actually a bad option or risk to take yet this would give out some hype which is good for you to
enter on earlier phase then dump after such price increase and dont ever come back.lol

Personally, it's hard to invest into something that only matters is the name that it's carrying, the main use case of the token is not yet been seen though the target fans who do understand crypto might be willing to take some risk but not the majorities. It will take time for this coin to build interest from wider communities, there's something unique that needs to offer for investors to follow and support this project.

The features don't seem to look good for me. The first feature said if the holders or users can use it to connect through acclaim and that just like you must be a premium member to use it. As a free user or not a token holders can't use it. We also don't know how much potential that already had by acclaim. The second features can be considered as an investment, but these are additional bonuses to the token holders and not features. It says the users will receive and that means if the second point is not a robust feature that available from the token itself.

This will certainly be one of those shitcoins we have seen on recent times. I wonder what's the essence of this. Ain't new tokens and projects supposing to be based on solving a particular issue or offering a service that is Blockchain based. This will just be hyped up at the beginning after which it will just die off. I'll pass.

This is offering a service that is based on blockchain. But the question is what kind of service? If the service is only for those who are fans of Pacquiao then this will not last. This kind of project lacks sustainability. This comes very untimely also. Pacquiao has already retired and just made some comeback fights but he is getting old nonetheless. Whether this will solve a particular issue or not is not even an issue. This project's goal itself is an issue.

depend on what kind of token is that,and this PacToken is Celebrity token in which i also believe that has nothing to do in market circulation,and having a Supersensation Boxer dont guarantee investors.but lets see what happen since this is their IEO opening.

If what is said here is the only use for the coin, it may not really help investors hold the coin for long term. The developers wouldn't be this reliable if they stopped at just that use case of the coin but traders can still profit from the project.

Manny Pacquiao still has plans to fight on the ring and most likely the price of the coin will jump every time this happens. He owns malls and hotels, his businesses should accept these coins.

This may not last for long if they will not implement ways that can solve an ongoing problem in a society even a smallest one. It can be successful since Manny have many supporters but still not enough to withstand the market criticism and volatility. As a celebrity token if they will be able to put many celebrities joined in their merch, events and donating activities it can be able to keep these coin going even it doesnt provide solution to crypto-society problems.

No one should buy that coin, Manny Pacquiao is a great boxer and I always enjoy watching him fight but this is a mistake, there have been coins already based on the popularity of a person and all of them have failed, once his coin fails he will received bad publicity since the coin has basically its name, just as we say that it is better to stay away from things you do not understand as a trader the same is true if your intention is to back a project with your image.

He is already into so many things and based on his statement he is a public servant so does this mean that people who wants to ask for help or just want to talk to him will have to buy a token to connect, he is a public official he should be accessible without the use of token, this could backfire his bids for any position in the next election is people will have to buy a token to connect to him.
I'm not going to support it I am more into technology-based or product or services coin not a fan-based coin.

thats what exactly my point,the question is how long it will stay,and how strong it can stand?remember that crypto investors are brighter now and all they need is profit and does no care about what is the token all about.

but lets see what happens in a couple of weeks from now since this is the IEO start.

I think it will pump and likely be pumped by large market makers. They will time this with extravagant promotions and hype. The pump will be more greater if the altcoin season just comes along too.

I admire and support Manny Pacquiao but I don't think this coin will have the potential as other top coins do. It's a celebrity coin for political and sports purposes so I don't think it will be worth buying. Manny is a very business person so I guess he's just promoting his coin for his own purposes. Let's just see the things that might happen to him and his coins in the future.

Cryptocurrencies are being used for personal benefits, which is not good news to celebrate! Yes, I appreciate these big people's involvement in crypto but they are not helping the crypto industry! Like Facebook's Libra, JP morgan's JPM, and now PAC, all of these coins for personal company/individual benefit purpose, which is not good news for the crypto supporters. So, I will not buy this new altcoin and also I am not a fan of him!

I may join the ride as well. IEO just started yesterday so basically there is still a chance of getting in but if I will not be able to get on the sale. I wont jump into the trading day cause it may just cause of rekt in my end. Just get profit and thats it since this is just a hype token for me.

In other words, this is nothing but a pure garbage. If he is a politician outside the boxing ring, then he is not a man who should act as if he is a hard-to-get celebrity. He should always be around the people, accessible all the time, because a politician's job first and foremost is to listen to the people and make something out of what he has heard in order for the government to address their needs. Then what is this token for? Something that is only riding his popularity?

Lol I wonder if he even understood what he said there or if it's just some adviser that made up the statement. For the hype, then probably I'd buy some of it. Though for it's claimed uses? I doubt any of that would even come close to how they present it. There should be big money behind it as Pacquiao has a lot to throw in this venture, but like Pacquiao, people would likely not have any idea what it's going to be for. Simply for the hype.

No I wont buy it, there are many tokens out there that became shitcoins as time passes due to lack of support and without real use cases, and this one is like another unnecessary token.

Pac token is popular due to Manny Pacquaio's name and they are using the popularity and influence of Manny to attract investors. The advantage of buying/using it is like exclusively if you're a fan seems like a reward.

I also don't see any valid and tangible reason for the creation PAC token, I also think this just another act of Pacman enriching his pocket and only Pacman die-hard fans will definitely invest in the token. However, the act buying the coin early and dump it before making lost is kinda risky base on the concept behind the coin creation.

Are you kidding me? I don't see any point in buying or investing in altcoin which doesn't have the concept to die for and to my understanding, the concept behind the coin creation was just a kind of joke.
I hope been a die-hard fan won't be enough to blind people into buying or investing in the coin.

Based on 100% opinion in this thread, most of the traders don't want to buy Manny's token is not working. I think it should be promoted well. Many people treat it as a shitcoin. Well, if Senator Manny Pacquiao himself promote it to the Filipino, well I guess many of us will buy it.
Guys, support this coin because soon, it will become popular since Manny is a popular person specially in boxing industry.

He is not kidding. Someone must have explained to him what blockchain is. Pacquiao may not be as bright as we may think but I believe he understood what all these cryptocurrencies are. He has the money, he is a senator and has all the time in the world to read asks things what he has to know.

Floyd may have even introduced BTC to him, the two seem to have constant talks and I think the two had planned all these lol If he really backs this coin, this could be pumped before taking a nosedive.

It is a big red flag to you. I think Manny Pacquiao didn't thought of this idea of a blockchain token on his own. I think the instigators of this project are hoping his clout will bring in fools to buy the token/coin. But I know for sure they will pump and dump this coin.

I might be buying that for a specific purpose but surely not for an investment purpose, at least for now.
The coin might only be hype because it's Manny's coin but we don't know yet if all that is written in their whitepaper are going to be delivered by the team.

I know it's not hard to market this coin, but it will only be successful if people see's that it has a great potential based on its real used case.

hinestly I am a pacquiao fun but ofcourse it is talking about investment of money this not joke investing money because the coin is name from the popular boxer, I invest but it's depends on the situation that pacman coin into the market need to monitor and analyst first.

If you really treat buying a token as an investment, there is no reason why you will risk your money in a token such as this. A token that is worth investing will at least present a good road map to show to the investors their plans in the next year or two. How could this PAC (Pacquiao) Token develop that when the boxer himself is already too old to wear the gloves and face another opponent years from now?

Why there's no advertisement about this coin? You kow Pacquiao is very famous boxer so there should be an ads around the internet . In fact he promote many projects why not his own projects as well? .  Probably this is a fake in my opinion, wherein they used Pacquiao's name only to gain investors like what frauds doing. Just saying cause I'm a Filipino and since that coin emerge there's no such virtual project existing in our country.

I think pacquiao tokens will be potential tokens in the future, and of course I will buy them. Manny Pacquiao has enormous popularity
in the Philippines and even in the world, so of course it will help raise the price of pacquiao tokens. Moreover, these pacquiao tokens
were created the first celebrity tokens which is used to buy merchandise. Maybe this pacquiao token can make between celebrities and
fans feels close. I am sure that pacquiao tokens will have many investors who will buy them, especially the Filipino people for sure
won't miss the chance to make this pacquiao token popular.

Finally it already launched because i heard about this project since several months ago and i thought it will never been realized however i was wondering how far this project will be successfully because crypto market is global so some of people doesn't care to him and if people want to buy this token it should be promising and very potential because if the token lack of support i'm sure Pacquiao can't save this project

Manny Pacquiao's popularity will make this PAC Token much sought after by investors. many articles that talk about PAC Tokens. Millions of fans can now get closer to Manny Pacquiao by having special access to celebrity-fan programs that can be pre-ordered on GCOX. PAC Toke also has the Pacpay Mobile Application which is used as a leading Digital payment solution, but is still under development and will be available later.

It is not only that Manny Pacquiao can't save this project. Manny Pacquiao does not head nor monitor this project for sure. He is merely used as its icon but this is not his personal project. I doubt that Manny Pacquiao himself came out with this idea and worked for its development. There must be someone who approached him first and asked if his name as well as his popularity could be used for this project.

Its the same with the similar celebrity token in CGOX platform but it has a small community and this would also be the same with other celeb tokens.
No liquidity and small support.

I knew he's not kidding and the reason why i asked the question is because i went through the reason why Pacquiao is planning to create his own cryptocurrency but i don't see something that will make the coin flourish in the crypto market except if he add more features.

It would really be just good since it would really be hyped,we know on how popular the boxer is and fans will surely longing to use up this coin but not all
or the majority would consider it out.It doesnt have a revolutionary aspect of thing where the public would consider on using or support it up.Adding up
features like it can be used on lots of  stores or services then it might be a good one but if it do only have a small scope of benefit then it wont really have significant changes at all.

It is likely he did not had any idea what he was talking about, I still do not understand why released his own coin, did he thought this will make him more popular or he needs money and does not want to admit this publicly, whatever the case he did and I think you are right, buying the coin just for the hype it will generate could be a good idea since there could always be some groups that could be interested in pumping the coin, but that is a coin you should not hold for the long term.

It is too hype up because of the name and the person who's behind it is a famous boxing champion. But it is just like that i don't know what's the use of it since it is just another altcoin that's finding its way to shine. It may be a promising just like how it is being hyped but after that it is just nothing and it will eventually follow to the rest of altcoin.

Indeed it would just follow on most altcoins if its not being adopted nor being supported by many.This would really be just good when its hyped but overall use?

Not different on thousands of coins in the market.As said by others above this would be just good for short term profitability but not really good for long term because it will
just frustrate nor break your expectations.

Well the fact that it's sounds like a parody coin should already give you a hint to not expect much. But coins that have a lot of hype behind them do have the tendency to stay long in the market and even experience significant price pumps. I guess those that bought this coin are just waiting for that to earn quick money. I just don't see this being  anywhere near the top coins in the market.

Most altcoin that grows on hype eventually fails at the end of it and I think that these coins from people like this champion has not real use case because if you tell me what the coin is meant to do, I see nothing that much, just like they claim Akon will be releasing his own coin also, and I feel that he is also trying to make money from the hype of cryptocurrency and not because they really have something that much to offer the world.

We are all here and alive and we will see that this coin will not last that long in the market as the reason why people would buy it is because of the name of the wonder which is a typical hype and with time, the lack of real use case will be the one to eventually make it die down.

I visited GCOX, I can't actually see the market for PAC. I'd like to know if I can ride along to the pumps of this coin. There isn't much news about the project besides this Gcox trading that was to happen last Nov 12 but its not actually visible. Anyone share the link to their pair please.

You might just over look at the project though because I see they developed Pacpay wallet for Digital Payment Solution and because of this Pactoken, celebrities are also planing to release their own crypto tokens with GCOX.

For bounty hunter i think this is what they need, that would get them to the top in just a short period of time. They just need to go with the flow of this hype and when the price starts to hit the higher price then that's the right time to drop everything. I don't see this coin to stay near in the top 100 coin either.

i dont see anything special here either! maybe for die hard fans, they will benefit from it. but for those who arent, why would they care? would the 5.5m instagram or 2.59M twitter followers can sustain its presence in the market?
yes, i did check his social media. lol
for the bounty hunters, i guess they are only waiting for the price to pump and then sell their holdings, and then gone...
definitely no reason to be in the top 100 coin!

I have heard a lot about this altcoin but I am not a fan of personalised crypto currencies. For sure it would attract the new audience, but I have never seen any coin like this to reach success on the market.

Lol. I laughed hard when I saw the news release. Akon plans to debut his coin come 2020 too. He plans to alleviate African poverty through it. Its funny how these people tokenise just anything and everything just for the bitcoins. I do appreciate the vast popularity the bring to the table for cryptocurrency anyway

If that is what he wants to do then why did he choose such an inefficient and roundabout method to try to help those people, just create a charity with that purpose, promote it and then use whatever money that he can get to help those people, the fact that he's not doing that tells me that he's trying to achieve something else, maybe he just wants to be perceived as someone that is using this new technology to help people and wants to gain fame because of it

As expected for this hype https://gcox.com/cms/detail/226728327757430784

So this would be trade up for tomorrow and lets see on how the price would behave.
https://i.imgur.com/gj3nCJ7.png

This will be the incentive for market making whales. It is going to be similar to transactional mining where it resulted in large inflated Bitcoin trading volumes for some exchanges. Newbies will be fooled again by fake volumes.

As usual thats how manipulation works for big players.Fooling out newbies on that kind of systematic way and make profits later on.

Just to quote some announcement specially to those who bought PAC token.

"The PAC tokens will be distributed on 19th November at 1800 (GMT+8).


Following the distribution of PAC tokens, users may look to trade PAC on GCOX Exchange on 21st November at 1600 (GMT+8) when PAC is listed. "

---

Prizes for top winners of trading competition

TOP 3 PAC/BTC traders will receive the following amount of PAC:

Top 1 : 3,000 PAC tokens + a pair of Manny Pacquiao autograph boxing gloves
Top 2 : 2,000 PAC tokens
Top 3 : 1,000 PAC tokens

I will not buy this token since it doesn't have any purpose at all. And, buying this token is like you are supporting Manny Pacquiao to get rich more. Even though i'm a filipino i don't think this token will be huge someday.

And there is a lot of token that is the same features and can be use as an alternative payment.

This seems to be the worst time to launch an ICO even if it involves a market maker to pump the coin upon exchange listing. Bitcoin is crashing hard, people are already panicking to sell their Bitcoin, what more this token.

If your coin is any good you can release it whenever you want and not care about what the market is doing because you will get the support of investors, but if your coin doesn't really have a purpose and it has been created just to extract money from the people on this market, and it seems this is the case with this coin, then you have to worry about what the market is doing but unfortunately you will be unable to control it and you may find yourself releasing your coin at the worst possible time.

After reading your comments, I think you did not do your own research. Try to search "pactoken" in google and see this post also from facebook of manny pacquiao https://m.facebook.com/story.php?story_fbid=2225962564374424&id=1414171045553584

The didn't expect that I am sure, unfortunately they are facing bear market when they are doing a planned token sale. But, with the hype brought by a star, they should not worry about that.

My opinion about this toke is good enough to make money (short-time investment). I don't see the token is useful enough, but more likely a hype so buying the token could be an opportunity to make good profit in a short-time and leave it after you took profit.

Actually his point is valid since even though how good the project brought by Pacquiao is it can still defy by the current situation of the market since the mindset of people now is dumping and for sure majority already secured there losses and some of them are panicking and want to sell at this rate that's why it's really not a good timing to conduct a ICO since the rate of getting the success these days is so low.

I don't see this as a type of investment, this token is more like a merchandise for Pacman supporters. I love Pacman don't get me wrong but this token is not something that will have any value as the other coins. And also I agree that there are soo many coins already I just think this coin will not last long. Pacman is already a very successful boxer and person, he shouldn't have created this type of token just to go with the hype.

PAC is a good coin, and PAC was designed and created first with the aim of being a way for PAC fans. Buying merchandise etc. that is related to pac, it is good but for now specifically I cannot dare to buy given the risk of the current condition in the current condition of crypto, rather than buying pac it is better to buy coins that are already in any market, yes I do because there is no other purpose is to make a profit, I can not say pac coin is a coin that is too segmented or does not have a future, but for now in the context of investing and trading I am more not to buy a pac first.

PAC is backed up by a very popular person an active legendary boxer and a senator of the Philippines.
But is that enough reason to buy this one? what is the use of this one? i know it is from GCOX and they're target is the celebrity token.
But what is the real use of this? PACMAN will soon retire and will this one stand strong or will retire in the market too?
I dont see any importance of this or use for now or even in the future. so hands-off on this for me.

Why would anyone see this token as an investment?

It's basically a publicity stunt that is designed to benefit the person who is issuing the token, imo. The only intrinsic value that this token has apparently is from being able to be redeem for Pacquiao memorabilia and autographs.

Perhaps if you're a fan and you were going to purchase them anyways, this token would be of utility to you. I don't even think that there is even significant ground for speculators to hype up this particular token.

How is the investors of this token doing? I've joined their telegram and people there says that they can't withdraw but others says that they have sold off and just take the profits. So I'm still in the middle if this coin has usage or just simply to pump and dump, because of the hype.

That is exactly what it is, this is a coin that is not going to benefit anyone but the ones that are creating the token, however if you believe that there is not enough reason to hype this coin I think you are mistaken, how many times have we seen a coin being pumped that literally has no reason to be pumped? This token despite how useless it is at least has something going on for it so I have no doubts that at some point in the future it is probably going to go through a bubble like most coins in this market.

Yeah that true but on this one it will be fast, because it's built around a personality, we can't expect this token to last five years or more, when Pacquiao retires from boxing and he concentrates on his bid to higher office, he will have no time to promote this token, I prefer a token with a technology or products behind it.

token pac does not have a strong urge to survive for a long period of time, the reason being that this coin relies only on the popularity of a Paquaio Pacman alone, if pacman dead/retires of course no one can guarantee that this coin pac will continue to grow later, I personally prefer a coin that does have an innovative product concept than a coin that only makes the popularity of a celebrity or sportsman as the attraction of the coin.

It's just a fan coin. No real innovative and long term use case as far as I can see... I wouldn't buy this one, but I can understand why people might want it for trading.

There are few other notables also backing this coin
But I am not investing in this coin, as I believe we have ample no of such coins and that's the main reason why many have lost interest in new and existing altcoins.

I prefer coins that have a very solid project behind them as well but those kind of coins are in a very short supply so if you are a trader you need to always be looking for opportunities to make a lot of money relatively quickly and this token has the possibility of giving that, obviously there is not an assurance that is going to happen so if you are planning to speculate with this token you need to be very careful and to only do it with a very small amount of your capital.

People who loves speculations will continue trying to work with this project, since the market still wild and most of those pump projects receives
recognition with the investors who loves taking the risk. Though it's still hard to find the reason behind this project and why many are still encourage
to take the chances.

I'm not sure this token PAC will be profitable, I have learned from the tokens on behalf of big people, most of them only become shitcoin in a few months.