The most significant statistic about PAC right now is that there approximately 30,000+ PAC investors holding 3.5% of the total supply today. We know that 15-20,000 of these new investors have come in the last 30 days or less. After we launch the new PAC there will be ~3.5% of PAC V2 in existence or 3.5 Billion PAC with the remaining supply of 96.5 Billion to be released over the next 20 years!
What happens to PAC when we trade against LTC & BTC?
What happens when we get our 30,000+ into a bigger exchange?
How many coins had this kind of beginning at launch?
I also want to remind everyone that PAC is a digital currency, it is not a cheap oversold ICO token with an unread whitepaper. Our business plans will be released on Feb 1st, with the revamped website along with the early redemption masternode program. The community is currently voting on the pricing for a masternode in the Discord chatroom.
There will be some large announcements released in this paper that will likely re-innovate the space if successful. One of PAC’s ongoing initiatives will be to always give back to the ‘whole digital asset space’, and not just be a one man band!
For the record, we prefer to not use the term ‘burn coins’ in our terminology, so the redemption is our preferred term. In the space we will call this an RCO -or redemption coin offering. My guess is that we will see more of these from other coins in the near future as well.
There are a lot a few questions around the upcoming redemption. When the the\ack is consolidated it merely chops three zero’s. The valuation will temporarily be impacted by this “change” and the new PAC will be able to move across the cryptosphere on a nimble footing.
There will be an early redemption for masternodes on Feb 1st 2017, which will most likely significantly reduce and absorb a lot of old PAC before the redemption on March 1st. The mechanics of the actual redemption are still being finalized with third parties, but there will be new wallets for the new PAC available before this date. You will send your PAC to a redemption desk wallet and we will send the new coins & help ensure your masternode is up and running smoothly. We have a masternode implementation team forming to help with this as well.
The new PAC coin design supports master nodes & transaction times in seconds vs minutes. There are also new private sending features (PACsend) that will open up HUGE new markets for PAC as it continues to fuel PAC’s liquidity in future market relationships. Remember, today PAC is primarily tied to DOGE only.
The final coin design will be posted to the site this Friday when the DEV team finishes their testing.
There is a BIG reason why our new announcements have yet to be placed on Bitcointalk……more to come later on this as well.
We have put pacfyle, our new social network on a short holding pattern until we get the PAC direct program running on another server so we can keep everything more scalable and supportable. The DEV team also has some more work to do on the MAC wallet. We apologize for the frustration around the combined blockchain sync package.
The affiliate program was a huge success for the month of January and we will be sending out the monthly commissions when we launch the new store later today. The new store will also feature PAC merchandise that has been designed by our community.
Thanks for everyone’s patience and help chipping in and getting PAC into the spotlight! Your hard work deserves it!
Happy New Years PAC hodlers!