Saturday 21 April 2018

Michael Owen to launch Own crypto coin

Michael Owen says investors need to be ‘brave’
Michael Owen says investors need to be ‘brave’

Eric Lam and Denise Wee

Global Crypto Offering Exchange is attempting to capitalise on the intersection of avid fan bases - sport and cryptocurrencies - to grab investor dollars in the frenzied initial coin offering space.

The company has teamed up with ex-Liverpool and England football star Michael Owen to issue a cryptocurrency in his name - the Own coin. Owen joins boxing veteran and Philippines Senator Manny Pacquiao as investors and issuers of celebrity tokens with the exchange.

"You have to be brave and sometimes put faith in things," Owen said in an interview in Hong Kong, when asked about investing in still-new cryptocurrencies, which some have derided as worthless.

The tokens will be usable to buy merchandise or make donations to charities chosen by the athletes, as well as for personalised interactions with them.

The launch date for the Own will come next quarter, and it will also be connected to soccer training centres and tutorial programmes Owen is developing, according to the Singapore-based Global Crypto Offering Exchange.

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