Update from the PACcoin Dev Team – The next few months…

PACcoin has a great community of volunteers that is growing daily and that are willing to work hard to make sure things are done right. This is the same with the Dev Team which is a group of mainly volunteers and a few core guys are that willing to work long hours and weekends.  I am very proud of them.  We have grown much faster than we had anticipated so scaling projections have been factored into our launch schedule.  Some of us are now transitioning to PAC full-time if possible, including myself.

We are currently working around the clock (literately around the clock as we have volunteers from everywhere in the world) to deliver on several projects within the next 2 to 4 weeks. Next, I would like to give you a quick summary of how we are prioritizing our work and I hope that this will answer some of your questions.

Things that we are NOT prioritizing:

• We are not spending much time fixing current PACcoin issues such as the window wallet issues on some versions, as this will go away soon. It is a hard decision but the best decision based on the limited time and resources, and a genuine interest to deliver a new PAC that is superior.
• We are not spending lots of time in Discord answering questions. The community has grown so much and so fast that it is simply impossible for us to spend time answering questions, as this would-be time that is very critical to deliver the projects on time and with quality. We are very fortunately that as a community that many of you have stepped up to help in this regard.  We are monitoring this, and we do check in when we can.

Things that we are currently working on as a high priority:

• PacFyle Project: This will be the PAC community’s main communication vehicle and entry point for users. We are planning on delivering the Alpha version on January 15th, 2018, which consists of several features such as Multi-language support and a Forum to replace Discord. After that, we are planning on delivering several features every month until we have a feature rich platform – more details on this during future blogs. Emma is the lead engineer working on this with help from volunteers.

Here is a very old version of the site. Unfortunately, when I was writing this blog the site was down for an upgrade, but I just wanted to show some of the progress…

New PAC: The plan is to deliver the new PAC in the first half of February 2018, mainly for early redemption to allow for people to create Masternodes to support the network when we go live on March 1st 2018. This is massive project that consists of several modules owned by different lead engineers and supported by volunteers.

  • Kainreih is leading the forking effort, making sure we have the right parameters and a secure network that works
  • Cryptocashman is leading the Block Explorer and Mining Pool efforts – YES, we will have several mining pools that you can join for mining.
  • Nets is leading the Masternode effort. Making sure it works properly and writing the documentation that explains how to set the up.
  • Dev_fsc is leading the Wallet efforts, making sure to compile support for all platforms and working with volunteers to finalize the wallet designs.
  • Elmora is leading the DNS Seed efforts

Here is an example with a working network (still work in progress):

• PAC Redemption: We are currently working with an external company to help with the PACcoin Redemption – coming February 2018. We are currently writing a few scripts and creating a simple website to make sure everything is 100% transparent and allow you to know at any given time where your coins are in the process. We are also planning to have a ticketing system where you can submit issue or queries – to achieve all this we are planning to have a dedicated team resolving issues and another team taking care of the redemption through a manual process. For a period of 3 months, we are planning on having a total of 20 people handling the redemption process – YES this is a big effort.

Starting sometime next week, we’ll reach out to this great PAC community to help us test the network and pacfyle.

PACcoin community, as you can see there are a lot of moving pieces and lots of volunteers helping with the different efforts. I know that at time you might get the feeling that the Dev Team is working in isolation in some dark corner, but the reality is that there is a lot of communication, coordination and sleepless nights that goes into delivering on this FUN project – I am personally loving it!


This Post Has 23 Comments

  1. Excellent, I am very excited about the future here. Any timetable on the new exchanges adding PAC?

    1. Tradesatoshi is the newest one.

  2. The biggest problem at the moment is that paccoin is sold only on the stock exchange yobit. Capitalization is declining every day at times. We urgently need to take some measures. People trusted the development team paccoin. Do not fail us.

    1. We are working on the store again. We want to do it better this time.

  3. Hi, thanks for notice, guys! What about BTC/PAC exchange ? I can’t sell any PACcoins on cryptopedia, can’t exchange for LTC/DOGE, what about these troubles?

    1. Yes I can’t seem to sell a few coins to safeguard my position. It must be made easier so that we can buy and sell without spending hours in front of the screen.

  4. Paccoin had seen a tremendous increase in market cap before a few days and everything faded away as it was a dream. Blame the exchange, but there had been negative posts that the devs told they’ll be getting listed in an exchange and they have applied for it, to which the same exchange replied negative on twitter. Please clear the air. As more transparent it’ll be , more investors it’ll see.

    Also, unlike most other successful coins, still why the devs don’t reveal themselves.?

    Please do take it only as my suggestions. Need to mature up the coin, and not leave it like a random teenager’s evening leisure. Nonetheless, props to you guys for fostering up a coin that was forgotten long ago. Shouldn’t let people consider this as a pump and dump game.


  6. Hi guys, where can I find some information about paccoin mining?

  7. Should I be moving my PAC off of the current wallet?

    1. No the current wallet is the best spot – please be careful with your virus protection however!

  8. Hello.
    Originally I bought Pac Coin from Yobit
    On Jan 14th 2018, I made a payment through Cryptopia and my money was processed but on Jan 17th, I tried to take the money out from Yobit and it said “Wallet maintenance” and the transaction was not complete or processed. I keep having this problem and want to fine answer. Could anyone tell me who is in charge of Pac Coin Wallet maintenance? Or anyone who can help me with this?
    Is the Pac Coin. net in charge of the wallet maintenance? Or Im just wondering if Yobit and Crytopia is prohibiting each other from making any transaction or any trade. I dont understand why I cant put money or take money out through this. Please let me know if anyone can help me. Thank you

    1. We expect that when they resync to the valid chain that all this will be resolved. We are hoping they do this soon!

  9. why are my comments getting deleted!???

    1. They aren’t I am just finally getting to them now. Sorry. Better late than never!

  10. Great work Devs! Filter the Noise and Thanks for the hard work! Let’s hit the deadlines now! It’s important in the Cryptoworld as you can see! Good on ya for the long hours!

  11. Hey there
    What is the last day you will be honoring 1000:1 ratio?
    and first day to honor 2000:1 ratio? and so on.
    Please write down the redemption dates to ratios so we know more about this.

    1. All the information is available in our Roadmap/Whitepaper.

      May 31st is the last day for 1000:1. June 1st starts 2000:1

  12. hello! i need to swap old pac in which exchange i can ?

  13. Hello team I need help recovering my pac that got lost. I had new $pac and I got a eternal error message and when i loaded upo the pac core wallet my pac was gone. Anything that can help me would be appreciated.

    1. Reach out to @PAC_HelpDesk on Twitter.

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