[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[iwosh]

almost 25 mil. USD sell wall at 2 sats on cryptopia... oh my...

[1715183742]

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[1715183742]

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[1715183742]

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[datcrypto]

Until what $$ is everyone holding to.?

[Jaycee_nl]

Latest status update:

Information about the new PACcoin that will be released on February 1 (for masternodes) and March 1 (all the others) can be found here:
https://www.docdroid.net/0PtkXDK/paccoin-future-insights.pdf

Take especially a look at page 8, where PAC is compared to BTC.

The largest PAC exchange (Cryptopia) is still not allowing any trades with LTC and DOGE due to capacity problems. This means that PAC trading has stopped for the largest part. Cryptopia announced they will not rotate trading ( so 6 hours BTC, then 6 hours LTC, then 6 hours DOGE). So the majority of PAC trade is paused until Cryptopia solved this. Cryptopia asked to remove all orders for all coins that can not be traded now (this explains why there are almost no buy orders at Cryptopia now).

Keep in mind that PAC price information on Coinmarketcap is inaccurate now, and that trade prices between PAC and BTC are not a good indication of the price. This will only be the case after the redemption.

Despite the Cryptopia issue, I believe the future for PAC looks bright. The new website will be launched soon, I saw a preview and it looks great. Please stay calm and wait until the market opens again.

There will be a presentation of the new PACCoin on January 19. Please see here for more information:

https://www.reddit.com/r/paccoin/comments/7oq3sl/paccoin_official_q_a_livestream_friday_19th_jan/

[fcmatt]

when will the swap for PACCOIN happen this year?
i want to buy this coins since the price is low and will hold and swap it into a new coins

[stephen.dedalus]

could someone please tell me what does the swap mean in 1st of march?
is it like a fork that a new coin is created in addition to the previous coin? or is it like that the current paccoin is converted into a new coin?
the conversion rate is 1000:1 , it means that if u have 1000 paccoin right now you will have 1 new paccoin after 1st of march?
what do u have to do to recieve the new coin? u must have it in pacccoin wallet or keeping it in an exchange is fine?
what would the new price be if u would have 1/1000 of the current amount? whats the benefit?

[Jaycee_nl]

@Stephen: more information will be published in time, keep an eye on the PACcoin website.

What i heard was this:

you will have to download the new wallet for the new coins first. These wallets can not be downloaded yet, but they will become available in time. After this, you send your current PACcoins to a redemption address. The conversion takes place there and the new coins will be send to your new wallet.

The new coin is much better, and can be traded against BTC. This is almost not possible now because of the low price of PAC.
Also take a look at the .PDF that I mention a bit more above this post.

[gsanjin]

Cryptopia paused PAC/LTC and PAC/DOGE markets, and someone setup api bot to buy at 1 satoshi and sell at 2 ... Same thing is happening on other small exchanges where is available PAC.

That would explain why the sell wall for 2 hasn't really moved at all. Not a very smart bot, IMO.

Well, somebody is happy with easy way to double BTC There are also fake 3 satoshi wall which appears and disappears leaving impresion to buyers price will rise ... Simply avoid PAC for now until DOGE and LTC markets are open.

[stephen.dedalus]

@Stephen: more information will be published in time, keep an eye on the PACcoin website.

What i heard was this:

you will have to download the new wallet for the new coins first. These wallets can not be downloaded yet, but they will become available in time. After this, you send your current PACcoins to a redemption address. The conversion takes place there and the new coins will be send to your new wallet.

The new coin is much better, and can be traded against BTC. This is almost not possible now because of the low price of PAC.
Also take a look at the .PDF that I mention a bit more above this post.

thanks
i ve downloaded their wallet 1.8gb , so you are saying that i have to download a new wallet later? what do u mean by redemption address?
and one last thing lets say i have bought some paccoin right now in some exchange, should i send them to the wallet or let them be there till the wallet u said is available?

[remol]

Could someone please explain me why did PAC surge like this? Brutal pump and dump? This coin was quite dead some weeks ago.

[Jaycee_nl]

Detailed information about the redemption, and what you will have to do, will follow. What I heard, is that owners of current PACcoins should send them to the redemption address to get new coins in return. To do so, they will need the new wallet. This new wallet will be released in time.

You can send your PACcoins from an exchange to the redemption address too. But as long as the exchange has no possibility to receive the new PACcoins, you will need the new wallet that you will have to install on your own computer. Because when you send them from the exchange to the redempion address, you will have to supply an address where the new coins should be send to (and that can not be exchange, if the exchange is not ready for receiving the new coins).

If you do not choose for the redemption, you can keep your old coins. But I believe they will be worthless soon after the redemption. The new version of the PACcoin that will be launched very soon is technically much better, and outperfoms BTC by far. See the .PDF, i posted a link to this .PDF on page 70 and page 71 (=this page).

[four3200]

almost 25 mil. USD sell wall at 2 sats on cryptopia... oh my...

kingdom of god
peaceful ocean

[GrumpyUnit]

almost 25 mil. USD sell wall at 2 sats on cryptopia... oh my...

kingdom of god
peaceful ocean

Doesnt necesarily mean that your sell order per 2 sat  will come in place.

[ivan376]

very expensive MN! 2 billion old pac!

[RevScott]

https://imgur.com/a/zpvwu
Kraken will list pac

[GrumpyUnit]

https://imgur.com/a/zpvwu
Kraken will list pac

in your dreams 

[Bigrice77]

Hi guys. Can somebody write me how to mine this coin. I am noob so explain me like for a child please

[Notanon]

Cryptopia paused PAC/LTC and PAC/DOGE markets, and someone setup api bot to buy at 1 satoshi and sell at 2 ... Same thing is happening on other small exchanges where is available PAC.

That would explain why the sell wall for 2 hasn't really moved at all. Not a very smart bot, IMO.

Well, somebody is happy with easy way to double BTC There are also fake 3 satoshi wall which appears and disappears leaving impresion to buyers price will rise ... Simply avoid PAC for now until DOGE and LTC markets are open.

Wish I had a bot doing this and making me BTC. Would've had it start going higher than staying with 2 satoshi, though.

[RevScott]

Hi guys. Can somebody write me how to mine this coin. I am noob so explain me like for a child please

hey,
Pacccoin wallet→setting→Encrypt Wallet→pass(DO NOT FORGET!!!)
→help→Debug window→in under lline, "walletpassphrase 'your wallet password' 9999999"
that's all.

[Moeloe]

Until what $$ is everyone holding to.?

$ 0.01 - 0.10

[RevScott]

Japanese are enthusiastic!
They made PACC kawaii CHARACTER!!!!She resembles Splatoon
I love her...