A political action committee (PAC), BitPAC is launching ICOs. It will support election campaigns of American candidates for public office.

The PAC is a legally recognizable committee in the US. It collects funds to make donations to election campaigns of candidates. Bit PAC is one of these committees which will fund donors an initial coin offer (ICO) of utility tokens. These tokens are called ‘politicoin’ and anyone who donates to PAC can get it. Also, politicoin lets people engage in political projects in support of pro-cryptocurrency policies. Verified contributors will receive these tokens and can express their vote regarding the political activities of the BitPAC. Thus, the token owners can use their tokens to vote for candidates. They can also use these tokens to support or oppose CAP spending initiatives or candidates who receive contributions from the PAC itself.

The politicoin tokens will not hold any market value. Thus, its sole purpose is to have the right to vote on the BitPAC platform. The first test of the token will start soon. It will cover the campaign of the candidate Dan Bishop. He is a former Senator of the state of North Carolina who is currently running for the United States House of Representatives as per the source.