Tennis Star Caroline Wozniacki Joins Crypto, Launches Own Token on GCOX

Danish tennis ace Caroline Wozniacki has now entered the world of cryptocurrency through a partnership with Singapore based Global Crypto Currency (GCOX) to issue a digital token with her name.

GCOX promotes itself as the world’s first Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term platform that provides an avenue for celebrities to ‘cryptonize' their fame and popularity. The startup enables celebrities to create their own cryptocurrency, dubbed “celebrity tokens,” that can be used by fans to pay for star’s exclusive content. GCOX hopes to make money through transaction fees.

The former world No. 1 is the latest idol to jump on the crypto bandwagon, and not the first athlete involved with a blockchain firm. Earlier this year, Singer Jason Derulo and former football star Michael Owen also collaborated with GCOX to launch tokens for them. Former Filipino boxer Manny Pacquiao was also among the pioneers to join GCOX.

“To be the first female athlete to have her own token is really cool...I am looking forward to expanding that before other people start getting into it,” Wozniacki told Reuters in an interview in Singapore.

Pretty insane pool view from the 57th floor! #singapore #infinitypool pic.twitter.com/daOHRG66WH

— Caroline Wozniacki (@CaroWozniacki) October 17, 2018

Promoting Bogus ICOs?

According to GCOX’s plan, its first tokens are scheduled to launch in the next quarter and would be used to buy merchandise or make donations to charities chosen by athletes. At the same time, the tokens will give its holders a chance to engage and connect with their favorite stars in an “unprecedented and unique way.”

Reuters quoted GCOX CEO Jeffrey Lin as saying: “if everything goes well, first quarter of 2019 will be the first celebrity token and it could be Michael’s, it could be Manny’s, I am not sure yet.”

ICO operators, and sometimes ‘scammers,’ are continuously trying to capitalize on the intersection of sports and cryptocurrency enthusiasts to grab money from investors in the hot market. The trend of celebrity endorsements even forced the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC) to release an official statement ordering the involved celebrities to disclose the nature, scope, and amount of compensation received in exchange for the promotion.