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You can now use EthereumMax to buy tickets for Floyd Mayweather vs. Logan Paul. But what is EMAX?

EthereumMax is the official cryptocurrency of the upcoming fight between Floyd Mayweather and Logan Paul

Pile of physical Bitcoins, known as Casascius coins, which were created by Mike Caldwell in Sandy, Utah.
Bitcoin tokens are pictured in Sandy on April 3, 2013. EthereumMax is the official cryptocurrency of the upcoming fight between Floyd Mayweather vs. Logan Paul.
Rick Bowmer, Associated Press

EthereumMax — a cryptocurrency — announced this week that it will have exclusive rights as the only cryptocurrency that can be used to buy official tickets for the upcoming Floyd Mayweather vs. Logan Paul pay-per-view event in June.

  • People could start buying tickets on Wednesday, May 26.

What is $eMAX?

So EMAX — or $eMax, as it’s commonly known — uses the Ethereum network, so it’s sort of a spinoff of the major Ethereum cryptocurrency, which is often considered one of the biggest cryptocurrencies in the world, according to the company.

  • EMAX “is a yield based token that rewards back its investors 2% of every transaction,” according to a company state. This means that people can earn more when other investors use their coins, according to the company.
  • Unlike some other lesser-known cryptos, investors can “use this coin in real life cases.”

Does anyone use $eMAX?

Apparently, former NBA star Paul Pierce does. Pierce, who was fired from ESPN after he made an Instagram Live video where he was seen with scantily clad women, tweeted to ESPN that he doesn’t need them because he made money using ... $eMAX.

“.@espn I don’t need you. I got @ethereum_max I made more money with this crypto in the past month then I did with y’all in a year. TRUTH shall set u Free my own Boss EthereumMax.org check it out for yourself.”