[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[fsh457]

I bought 18 mil of paccoin. If the price cannot raise 1000 times higher after swap, I'll be broke

Just sell before the swap

[cecilia1]

I believe in pac. The new team makes a good coin. it is a pity that there is no direct exchange for fiat money yet. Tomorrow next pump ?😉

It's quite stable recently, burn out the unnecessary zeros is a good thing to do. I'm tired of counting zeros

[cecilia1]

Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.

I thought the max supply will need to cut down 1000 times as well, to 100 millions coins only, can someone confirm?

[oleksii777]

I think we need to hurry with conclusions. When the coins are burned there will be 3 billion of coins. Therefore, it is not yet known how it will be. It remains only to wait and hope!
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Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.

[sleemov]

Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.

I agree. Not only for what u said. But also the thread is like a chat group with no official replies from the coin owner. People are asking a lot of stuff here and get non official replies. Even there is no one from the coin "team" looks following up here !!!! I think we should sell our coins before the swap and see where it goes after the swap.

[doc_pan]

Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.

The market cap will remain the same, hence so will the value - that's just simple math. Currently there's a max supply of 100 TRILLION - so having 10 million coins is still nothing compared to that... but taking 3 zeros off the end all they're doing is reigning this coin in to give it a more reasonable MC to Supply ratio moving forward.

Personally I'm still unsure about where this is all going, but ultimately this is a coin that has increased 600,000% plus over the last year so it's worth a bet. Heck, if you'd put 100 bucks in this a year ago you'd have around half a million dollars right now. The level of FOMO in this nascent market is such that it's actually wiser to have a few small bets.

[oleksii777]

A person having 100 million old coins after the exchange will receive 100,000 new coins is this normal? And most importantly, it is not clear how much new coins will cost
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Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.

The market cap will remain the same, hence so will the value - that's just simple math. Currently there's a max supply of 100 TRILLION - so having 10 million coins is still nothing compared to that... but taking 3 zeros off the end all they're doing is reigning this coin in to give it a more reasonable MC to Supply ratio moving forward.

Personally I'm still unsure about where this is all going, but ultimately this is a coin that has increased 600,000% plus over the last year so it's worth a bet. Heck, if you'd put 100 bucks in this a year ago you'd have around half a million dollars right now. The level of FOMO in this nascent market is such that it's actually wiser to have a few small bets.

[doc_pan]

A person having 100 million old coins after the exchange will receive 100,000 new coins is this normal? And most importantly, it is not clear how much new coins will cost
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It happens all the time... coins get redeveloped etc and have numbers reduced. Your new 100,000 coins will have the same value as your previous 100,000,000 because the market cap will remain the same.

Remember, value is just market cap divided by circulating supply. That means the new coins will be much more valued at $0.04 compared to the current cost of $0.00004 assuming market cap remains stable.

[.pacman.]

A person having 100 million old coins after the exchange will receive 100,000 new coins is this normal? And most importantly, it is not clear how much new coins will cost
---------

It happens all the time... coins get redeveloped etc and have numbers reduced. Your new 100,000 coins will have the same value as your previous 100,000,000 because the market cap will remain the same.

Remember, value is just market cap divided by circulating supply. That means the new coins will be much more valued at $0.04 compared to the current cost of $0.00004 assuming market cap remains stable.

pacman says,

{to the DEV}

spin it off.  PAC is what it is fun and abundant and a great network.  yes hyper inflating, see the fun part.
after that AWESOME to see a real dev(s) join up, peoples alternative coin, it is happening.
like btcCash just fork off, be better but allow the original to pluck along.

cheers.

[LifesChewable]

Can someone please explain why it was said not to trade PAC for another coin? Here is the post I am referring to: https://paccoin.net/chapter-2-breaking-though

Does this mean we can't even trade it to a coin that can be liquidated if PAC's value goes up?

[?!bennscammed!?]

Can someone please explain why it was said not to trade PAC for another coin? Here is the post I am referring to: https://paccoin.net/chapter-2-breaking-though

Does this mean we can't even trade it to a coin that can be liquidated if PAC's value goes up?

please grab a calculator and calculate the value of PAC in Doge against BTC and try to figure out if its worth 1SAT. If you are not abled to do this math please go back to school and quit trading until you finished at least the math class.

BR

[Daper]

Hello,

Is it confirmed that a fork will take place?  I currently have PACCs left on the exchange. Do I need to move them to a personal wallet for the coin swap?

[Jaycee_nl]

Hello,

Is it confirmed that a fork will take place?  I currently have PACCs left on the exchange. Do I need to move them to a personal wallet for the coin swap?

No you do not have to transfer them to a personal wallet. You will have to transfer your current coins to a “redemption address”. You will get new coins in return. More details about what exactly to do will follow, keep your eyes on the paccoin website.

No one will loose value, calculated in dollars.

Example: if you now have 10,000,000 coins worth 400 dollar (0.00004 dollar each), after redemption you will have 10,000 coins, stil worth 400 dollar (0.04 dollar each). The current supply of about 3,400,000,000,000 will drop to 3,400,000,000 but will be worth the same amount in Dollars, just before and just after the redemption.

Redemption is a necessary step to make this coin a true competitor to the other coins, and my guess is this will show off later this year. Crypto coins are stil just in their early stage, but many companies will make
it possible in the near future to pay with crypto coins, but only the coins that are technically “correct” will be usable. Currently I am waiting for more information from the DEV team. If they make clear who they are and continue the way they did last weeks (just look at what they established), they are on top of a potential gold mine. So is everyone who owns paccoin.

[toogoodtobetrue]

where can I keep PACCOIN to get new PAC on March 1st?

[Jaycee_nl]

where can I keep PACCOIN to get new PAC on March 1st?

Hi you can keep them where you have them now, just read my previous post for more information. 

[cecilia1]

Hello,

Is it confirmed that a fork will take place?  I currently have PACCs left on the exchange. Do I need to move them to a personal wallet for the coin swap?

No you do not have to transfer them to a personal wallet. You will have to transfer your current coins to a “redemption address”. You will get new coins in return. More details about what exactly to do will follow, keep your eyes on the paccoin website.

No one will loose value, calculated in dollars.

Example: if you now have 10,000,000 coins worth 400 dollar (0.00004 dollar each), after redemption you will have 10,000 coins, stil worth 400 dollar (0.04 dollar each). The current supply of about 3,400,000,000,000 will drop to 3,400,000,000 but will be worth the same amount in Dollars, just before and just after the redemption.

Redemption is a necessary step to make this coin a true competitor to the other coins, and my guess is this will show off later this year. Crypto coins are stil just in their early stage, but many companies will make
it possible in the near future to pay with crypto coins, but only the coins that are technically “correct” will be usable. Currently I am waiting for more information from the DEV team. If they make clear who they are and continue the way they did last weeks (just look at what they established), they are on top of a potential gold mine. So is everyone who owns paccoin.

But the coin value it determined by the market. How can new paccoin value 0.04 dollar each if no one wants to buy it at that price, but 0.004$?

[Jaycee_nl]

I used 0,00004 and 0,04 as an EXAMPLE. I used these amounts because the current price per paccoin is 0,00004. Main issue is that 400 dollar just before redemption will be 400 dollar after redemption.

[cecilia1]

I used 0,00004 and 0,04 as an EXAMPLE. I used these amounts because the current price per paccoin is 0,00004. Main issue is that 400 dollar just before redemption will be 400 dollar after redemption.

I know, I meant if the coin valued 0,00004$ before the swap, it is still uncertain that new coin will value 0,04$ after the swap. People can lose profit due to that.

[Jaycee_nl]

Yes nothing is certain in crypto world, but the redemption has a very good reason: technically the new coin will be much better and ready for applications. So if people are willing to pay 400 euro for a certain percentage of total supply before the swap, they should be willing to pay 400 euro for having exactly the same percentage of the total supply after the swap. Or actually: they should be willing to pay much more because after the redemption because the coin is much better. With regards to the redemption, people should not think in price per coin, but in price per percentage of total supply. And that percentage stays exactly the same directly after the swap.

[Proxima Centauri]

I used 0,00004 and 0,04 as an EXAMPLE. I used these amounts because the current price per paccoin is 0,00004. Main issue is that 400 dollar just before redemption will be 400 dollar after redemption.

I know, I meant if the coin valued 0,00004$ before the swap, it is still uncertain that new coin will value 0,04$ after the swap. People can lose profit due to that.

That's exactly what I don't understand! We all bought Pac's cause it was very very cheap, I'm not sure I would jump in if it was 0.04$