Today we’re going to be reviewing PacCoin, which was requested by a fellow steemian. If you want me to write a review about a cryptocurrency you’re interested in, please write a comment below. This way you can rest assured your cryptocurrency will be added to my list and will be featured in a coming review.
When first examing PacCoin at coinmarketcap it appears to be soaring and has recently risen over 4,000% within the past month! You can see the current stats about the coin listed below.
PacCoin was originally founded by William Corliss back in 2013 and was known as PacCoin – Pacifica Nation’s official coin.
Since then it has been rebranded and relaunched as PacCoin, which stands for the Peoples Alternative Choice Coin.
Although at the present time, not much information is currently available about the coin as it appears to currently be undergoing some major restructuring. In fact, PacCoin is scheduled to undergo a “redemption” on February 1, 2018 and set to re-launch on March 1, 2018.
No! Actually the opposite is true. In fact, early “redeemers” will benefit from more access to 40% block creation according to the PacCoin website. In addition, PacCoin will also allow people to redeem their old PAC for the new PAC scheduled to release on March 1st, for up to 1 year. However, if you currently have a stake in PacCoin, you will want to redeem your coins sooner rather than later as the redemption ratio will decrease over time. For instance, the redemption ratio will decrease to 2,000:1 two months after the release on March 1st. Likewise, the redemption ratio will decrease to 3,000:1 at month 3, and 20,000: 1 at the 1 year mark.
If you chose to invest in PacCoin, there are two ways in which users may choose to do so. Option number 1: purchase PacCoin directly from the website using the link provided. Option number 2: purchase PacCoin on Cryptopia. If you are unfamiliar with the process on how to do this you can follow the step by step process here.
Step 1: Purchase Litecoin or Bitcoin from Coinbase. If you do not have a coinbase account, you can make one using the link provided. I would recommend purchasing litecoin as the fee’s associated with the transactions are cheaper, which saves you money.
Step 2: Create an account on cryptopia if you do not already have an account. Once you have an established account, transfer your litecoin or bitcoin to cryptopia.
Step 3: Once your funds are deposited onto cryptopia you will need to exchange your litecoin or bitcoin for dogecoin.
Step 4: Exchange your dogecoin for PacCoin.
All the information provided here within can be found on coinmarketcap and PacCoin.
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