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Miss Universe Coin to Debut at Philippine Blockchain Week

Date:

Additional reporting by Shiela Bertillo.

Key Points:

  • Donald Lim, convenor of the Philippine Blockchain Week (PBW), reveals that the Miss Universe Foundation will launch its own coin, the Miss Universe Coin, at the event.
  • The new token is expected to change the way votes are cast in the Miss Universe contest, as voting power will be exclusive to token holders.
  • It is not yet known if all votes will be done by utilizing the coin.
  • Philippine Airlines also launched its own range of Limited Digital Collectibles as part of its collaboration with PBW.
  • Philippine Blockchain Week is supported by the Department of Information and Communications Technology (DICT), the Department of Trade and Industry (DTI), and more government agencies.
  • It is scheduled to take place from September 19 to 21, 2023, at the Marriott Grand Ballroom in Newport World Resorts, Manila.

Donald Lim, convenor of the Philippine Blockchain Week (PBW) 2023, announced in his keynote at the event’s press conference that he had just received a message confirming that the Miss Universe Foundation will launch its own coin.

PBW Convenor Donald Lim Announces Miss Universe Coin

The Miss Universe Coin will debut during the Philippine Blockchain Week, Lim told the media:

Miss Universe Coin to be unveiled at Philippine Blockchain Week #shorts

How Will the Miss Universe Coin Work?

Lim said the coin’s use case is replacing text votes, which is used to vote for candidates at the international pageant. This is called token voting in other crypto projects.

“Remember there were text votes before? Now only the holders of the token can vote. They will launch it around the world (at the same time as in) PBW.”

Convenor, Philippine Blockchain Week

“And in support of our Miss Universe candidate, we will launch and hopefully everyone will support it.”

Convenor, Philippine Blockchain Week

Miss Universe Coin to Debut at Philippine Blockchain Week
Michelle Dee, Miss Universe PH Candidate, and Donald Lim, Convenor, Philippine Blockchain Week

Miss Universe Initiatives in Web3

Last year, crypto exchange Coins.ph was tapped as the Miss Universe Philippines’ Official Crypto Partner. In a statement, Coins.ph CEO Wei Zhou, who first revealed the partnership in an earlier BitPinas interview, said Miss Universe is an important platform to spread financial awareness to Filipinos.

“I think [Miss Universe] is a powerful platform to deliver financial awareness. I would like to work with them long term. And you know, Miss Philippines historically has been very successful in Miss Universe and we look to support the winner to go global.”

Wei Zhou, CEO, Coins.ph

However, there was no update as to whether the partnership between Miss Universe and Coins.ph has been extended.’

In 2021, Miss Universe released its first NFT Pageant Collection on the WAX blockchain. In the same year, Miss Universe Philippines partnered with RedFOX Labs launched its own pageant NFTs with the “Inspire You” theme.

The announcement from Lim is the first time a Miss Universe Coin was unveiled.

Philippine Blockchain Week Convenors
Philippine Blockchain Week Convenors

Philippine Airlines’ Web3 Venture with Philippine Blockchain Week

In another development, Philippine Airlines (PAL) is also venturing into the web3 space. To celebrate the airline’s history, PAL is releasing its own range of Limited Digital Collectibles, in partnership with Philippine Blockchain Week.

The Philippine Airlines – PAL NFT collection is minted on Ethereum.

“Ethereum is the largest and most well-established, open-ended decentralized software platform utilized by some of the world’s largest organizations. For this collaboration, we selected Ethereum to ensure that our NFT transactions will be executed quickly, safely, and securely for everyone involved.”

Chezka Gonzales, Convenor, Philippine Blockchain Week

DICT and DTI are Supporting the Philippine Blockchain Week.

The Philippine Blockchain Week has gained the support and endorsement of key governmental bodies like the Department of Information and Communications Technology (DICT) and the Department of Trade and Industry (DTI).

“At DTI, we promise to support all initiatives that will gear towards the attainment of the vision of making the Philippines not just innovative and creative, but more competitive through blockchain.”

Jo-Dann Darong, Director, DTI

This year’s event, themed “BRKOUT,” aims to challenge attendees to embrace new opportunities in the blockchain and crypto space, with topics ranging from fintech, the metaverse, and regulation, to Artificial Intelligence, privacy, and DeFi.

The event is scheduled to take place from September 19 to 21, 2023, at the Marriott Grand Ballroom in Newport World Resorts, Manila.

This article is published on BitPinas: Miss Universe Coin to Debut at Philippine Blockchain Week

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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