What is Pac Coin…. It’s a cryptocurrency/ digital Cash/ used for peer to peer transactions.
The coin does have a history. First created back in 2014 it experienced brief success but as times advanced and technology changed…..Pac Coin didn’t, and began to fade away with little to no notoriety. But a resurgence was in the mix and now backed by a new team of developers, management, and technology……PAC COIN was attempting a COMEBACK. So in August 2017 it started to began its way back to the surface and give the crypto world another shot. By November 2017 Pac Coin was making its come back and was looking better than ever, profits, ranked high on CoinmarketCap, growth, and landing on its largest crypto exchange yet….Cryptopia.
Ok lets start. I got involved with Pac Coin in November 2017 like most people trying to figure out the entire cryptocurrency market. When I first heard about Pac Coin I seen it listed on CoinMarketCap I believe and the cost was like a fraction of a penny at the time. So I got a Cryptopia account because that was the largest exchange for Pac Coin at the time. I think I sent something like 40.00 worth of Doge Coin to my Cryptopia account and proceeded to buy Pac Coin. That 40.00 of Doge Coin turned out to be around over a million Pac Coin. At this point I was like wow……if this coin could just make a penny I would be in pretty good shape. Hopefully thinking!
The first week or so the gains were crazy I ended up getting my investment back and then a few hundred dollars on top of that . Then………it seemed like the beginning of the end had just landed on my dream of being a quick "Thousandaire" lol. The next thing I know is that all of a sudden Cryptopia had STOPPED all Doge Coin trading for Pac Coin….but was STILL accepting Bitcoin for Pac Coin. Now if you purchased Pac Coin with Bitcoin you OVER PAYED for it. You still got large amounts of the coin but not worth what you paid.
The next bad break was that all of a sudden this coin was being dumped left and right. Huge amounts of the coin were being sold as a result the price of course continued to drop and drop and drop. And it seemed as at times it showed promise of recovery only to turn around and continue to drop. Then the best part of all comes……both the two largest markets for Pac Coin all of a sudden had wallet issues not allowing investors to withdrawal the coins from the wallets to send them to our Pac Coin Wallets. This went on for weeks leaving most of us wandering what was going on.
Ok so now after having all these problems arise of course something needed to be done and fast. So in an attempt to save this once promising coin AGAIN the team decided that they would have a Pac Fork/Redemption.
In this redemption the goal was to reduce the total number of Pac Coins by over 100 billion coins. But as a part of this redemption program a NEW coin would be founded and delivered to us in the form of $Pac. And the only catch would be to help get the numbers of the old Pac Coin down for every 1,000 Pac Coins that you have the New $Pac would give you 1 new $Pac coin in exchange. They promised that this 1 coin would be wroth a 1000 times the original Pac.
But in order for you to participate in this REDEMPTION you would have to send your original Pac Coins to your Pac Wallet and from there they would be exchanged and ready for you to send to the NEW $Pac Wallet. However, the ONLY problems were that the two largest exchanges for Pac Coin was both Cryptopia and YoBit…..and BOTH WERE DOWN WITH BROKEN WALLETS. So you have this new chance at saving your coins and turning them into the new $Pac coin…but you cant move them! Go figure.
Better Times coming……
So after realizing that something had to be done $Pac jumped into action…they contacted Cryptopia and YoBit made one for the best decisions they have made as a new team with the development of this coin and got both exchanges to exchange the coins that were being held on their websites for free. So now we as holders of the Pac Coin no longer had to worry about getting the coins out of the broken wallets on Cryptopia and YoBit and sending them to the OLD Pac Coin Wallet where they would be redeemed for the new $Pac coin, only for us to now download and send them to the NEW $Pac Wallet. Saved a lot of time and space on the hard drive.
Moving FORWARD……
Dates:
1/21/18 $Pac official re launch
2/1/18 master node Redemption
2/3/18 New $Pac Wallet release date
2/10/18 $Pac accepted on the YoBit exchange
2/17/18 $Pac accepted on the Cryptopia exchange
3/1/18 Public coin redemption 1000:1
4/1/18 Electrum Wallet for $Pac launches
The Future…………… (from the white page of $Pac page 20)
Go big or go home…..and to me that’s exactly what the new team and developers behind $Pac is trying to do.
And this is so far the best news for me. $Pac plans on creating its own exchange to compete again CoinBase using $Pac as a way to purchase other coins. If they are successful at this it would be great, this would be HUGE for this team and this Coin.
Also they have already launched their mobile wallet and seems like they have moved long past the days of not adapting with the times. The technology looks promising the vision seems great and the future is ahead.
After all the ups and downs I am still a $Pac Coin holder and I plan on riding this wave as far as it can go. Hopefully more will join us and get this coin out there to the rest of the world and get it listed on more exchanges and give it more publicity.
Thank you everyone!