[ANN] Paccoin is the first cryptocoin to be tied to the US Dollar

[wmcorless]

Paccoin announced today that it would no longer be attached to Bitcoin as most SHA256 coins are, but has chosen to tie its value to the US Dollar. 100 Paccoins to the dollar is the new rate, that values one Paccoin to one penny.

"Because the price for Bitcoin has been fluctuating, and because it is our desire to make a stable altcoin for everyday consumer use, we have decided to attach Paccoin's value to the US Dollar instead of Bitcoin." Bill Corless the developer of Paccoin said.

Paccoin is a POW/POS hybrid coin that was started last November, amid humble fanfare, and has steadily grown in quantity over Bitcoin and most other crypto currencies. "Over a Billion Paccoins are on the market now, and many early adopters hold millions of coins." With the value being tied to the dollar, Paccoin will be the biggest millionaire maker of all altcoins predicts the Developer.

"I want to give credit to ispace.co.uk, which has been the pool that has been there from the beginning supporting our coin." Bill said.

The only exchange currently actively promoting Paccoin is Rockytrade (www.rockytrade.net) where there are some opportunities for investors as the coins are currently heavily discounted.  "Now with Proof of Stake the main way of getting new Paccoins, (its a lot more difficult to mine coins), you are better off buying them." Bill said.

Paccoins biggest claim to fame is whats called affectionately by its users as having "Epic Proof of Stake".  For example a user who finds one block of 500 coins, even if he never gets another block will accumulate approximately 10,000 coins in one year due to its generous proof of stake engine. "That's like 400% interest" Bill said. Proof of stake is a secondary form of mining that uses your CPU to mine coins you already have, thereby producing more coins.

Using your computer to make you money instead of having to spend money to make your computer is the best thing about this. As a result Paccoin is set to provide people with real financial freedom.

For more information go to www.pacifica-nation.com/paccoin

[wmcorless]

stats as of 8/19/14

BTC/USD: $490.03
(Courtesy of Coinbase)

BTC/PAC:
PAC/BTC: 49,003
BTC/PAC: 0.00002041

Market Cap: $10,948,260

Price in USD:
1 PAC = $0.01
$1 = 100 PAC

Source: http://pacifica-nation.com/paccoin/

[Lauda]

Really? Trying to copy Realcoin the coin that is one of the most hated in the community?
This idea is just bad in itself. What happens when the US Dollar crashes exactly (which it is going to if you look at the current inflation levels?
Good luck with that.
P.S. ANN threads do not go in this part of the altcoin section if this is actually one.

[wmcorless]

Really? Trying to copy Realcoin the coin that is one of the most hated in the community?

Never heard of Realcoin before.
If the dollar crashes paccoin will still have value in the crypto coin universe.

[zolace]

so ok Paccoin is back by the US Dollar and US Dollar is back by what?

nothing in demand I say, its backed by the govs army?  I thought some of us have learned are lesson with this already

[Raja_MBZ]

Paccoin dead? I'm carrying more than a million paccoins and they seem to be worthless now.

[BitcoinNational]

not dead. in fact very actively traded, and the network has a healthy node count.

but tied to the dollar at the rate of 1 penny ... nope ... but the total market cap could feasibly be attached to a mostly pegged fixed value.

pacco is in a good position to be the cheapest and most abundant coin ... and i mean uber cheap ... like 1 doge will buy 1000s of pacco ;0

[coinhugger]

not dead. in fact very actively traded, and the network has a healthy node count.

but tied to the dollar at the rate of 1 penny ... nope ... but the total market cap could feasibly be attached to a mostly pegged fixed value.

pacco is in a good position to be the cheapest and most abundant coin ... and i mean uber cheap ... like 1 doge will buy 1000s of pacco ;0

I'm not hearing anything new on Paccoin anymore... should I just sell off my holdings?   It stakes like a champ though. Gotta love that old-school non-featured QR wallet. 

[aioc]

It's three years since this coin launches and they are not in the top 50 coin in the market,I seldom see it in the announcement thread,this coin could be long dead now for lack of activities,but if the nodes are faster then a take over could revive this coin.

[25forsure#]

Tether is tied to the us dollar if im not mistaken.

[bitmaster1x]

Now market making PAC on Cryptopia. 

[leopheard]

I'm not hearing anything new on Paccoin anymore... should I just sell off my holdings?

Please tell me you kept them!!

[stanforders]

I feel the need for new activities to stimulate Paccoin and make it change

[nunoclix]

I feel the need for new activities to stimulate Paccoin and make it change

Pac Coin is going to survive for months guys, i believe in this nice and cheap ( for now) coin.

[nunoclix]

Just buyed another package of PacCoin, this coin is to hold at any cost!!!

[bitmaster1x]

Just a heads up. If the buy side on Cryptopia remains at zero satoshi's PAC is guaranteed to be delisted from Cryptopia.

Now that it's on the btc market, it would behoove everyone to not let the delisting happen. Once, delisted, the chance of it getting back on is extremely slim to none.

Spread the word and let everyone know, otherwise it will be delisted for sure.