We have been having a lot of behind the scenes chats with some of the more influential members of the $PAC community. A “draft” operational budget has been shared for discussions, and it is still in the process of being finalized. We are no longer considering using these coins as operational master nodes. These $PAC operational funds will be controlled by a soon to be hired $PAC treasurer. The treasurer will manage all the outflows visibly online. We are happy to report that all the current masternode holders will not be diluted by this pool of $PAC. When released in the next few weeks our “In Circulation” number will change to reflect the same number as “Total Supply”.
When discussing the use of the remaining leftover redemption coins ops budget, it was quickly determined that we cannot burn these coins. If we were to burn them it would directly lower our market capitalization, as they are not in circulation on Coin Market Cap. Releasing this leftover $PAC will have a positive impact. These coins also serve as a more efficient system of expense management for recurring expenses and gets them capped in real dollars, and not inflated due to current trends in market conditions.
The coins will be allocated to core DEV and marketing operations, management incentive and an exchange fee payment fund. This fund when exhausted will be replaced by the use of the DAO for these operational areas as well as the management incentives. These exact numbers are still being finalized and will be released for final community discussion shortly.
Happy Father’s Day to all the $PAC Dads out there!