Important question:
I never found out, how pawncoin will be used for pawning items purposes.
For example, if a guy want to pawn his mobile phone, he will give it to the shop and get Pawncoins for this, is this correct?
How do you plan to pursue overal mass users to get pawncoins for ther items?
its more likely they will try to make it a go between for pawnshops that exchange items.
no customer walks into a pawnshop asking for pawncoins they need cash.
why would a pawnshop customer take pawncoins to exchange for bitcoin to exchange for cash to pay the rent? when they can just get cash.
it might work for pawnshops with different currency's like Canada and Us so they dont have to pay the exchange rate all the time .
but i dont see why they would take this over BTC / LTC or any other established virtual currency.