PAC (Pacquiao) Token Starts Trading from Nov 12. Will You Buy It? If Yes, Why?

[styca]

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.

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[kro55]

There are few other notables also backing this coin

the token’s launch was backed and supported by Sheikh Khaled bin Zayed al-Nahyan, a member of Abu Dhabi’s ruling family, as well as former Liverpool football striker Michael Owen.
https://cointelegraph.com/news/boxing-legend-manny-pacquiaos-pac-token-set-for-ieo-on-nov-12?utm_source=Telegram&utm_medium=social

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.

[Silberman]

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.

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.

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.

[Fredomago]

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.

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.

[Renampun]

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.