Singapore, Singapore - 06/05/2019 (PRDistribution.com)
Global Cryptocurrency Offering Exchange (GCOX) has announced the launch of GCOX Exchange, a highly-anticipated cryptocurrency exchange that offers an unprecedented platform for global celebrities to issue personalized tokens.
As the world’s first celebrity token exchange, GCOX spares no efforts in establishing world-class security standards as well as implementing regulatory compliance measures to protect the interests of users. GCOX has engaged well-known risk management companies such as Trustwave and Refinitiv to manage network security, compliance solutions, market data and due diligence services.
GCOX also works with industry recognised solution providers Elliptic and Jumio to handle Anti-Money Laundering (AML) compliance, Combating Financing Terrorist (CFT), Know Your Customer (KYC) regulation and risk management to prevent illicit use of cryptocurrency on its platforms. GCOX Group has obtained operating licences allowing it to provide services of exchanging virtual currency against fiat currency and to provide a virtual currency wallet service. GCOX Group has also obtained a licence for proprietary trading in crypto-commodities issued by the Dubai Multi Commodities Centre (DMCC).
GCOX’s unique business model drew the attention of renowned global celebrities including legendary boxing world champion Manny Pacquiao and football legend Michael Owen, who have both committed themselves as private investors and advisors to GCOX. Other celebrities who have since come on board the GCOX platform are tennis superstar Caroline Wozniacki and award-winning pop artiste Jason Derulo. Following the launch of the GCOX Exchange, the public listing of Celebrity Tokens, issued by the above GCOX celebrities, will take place starting from the second half of the year. PAC Token, the first Celebrity Token to be listed on the exchange, will be launched by Manny Pacquiao himself during his personal concert organised by GCOX, held at the Araneta Coliseum in Manila, Philippines this September.
Additionally, collaborations with global brands to launch their own tokens have also been established. In the weeks ahead, GCOX Exchange will be listing tokens that will enable token holders to participate in exclusive talent discovery programmes on GELOS, a decentralised entertainment system that aims to democratize talent discovery and provide a premier one-stop platform for aspiring artistes to achieve their dreams.
GCOX is the world’s first platform of its kind where celebrities and brands are able to capitalise on blockchain technology, a highly secure and dependable distributed protocol, to truly revolutionise and redefine popularity and celebrity culture like never before. This global platform allows celebrities, at different stages of their celebrity life cycle, to leverage on a robust ecosystem built by GCOX, develop unique fancelebrity programmes powered by blockchain technology and revitalise popularity through the various mediums that are housed on GCOX’s proprietary Acclaim blockchain.