Coin Swap PacCoin vs PacCoin (REDEMPTION)
Paccoin just went up to $300 Billion market Capt. and it's very possible that will continue to grow due to the low price and the new rebranding that Paccoin has been promoting.
Paccoin will Fork their coin due to the huge existing coin supply of 3.5 trillion coin (2.5 Trillion in circulation) that doesn't let the coin be of much value and would have it very difficult to compete with the present coins.
What will the Fork exactly do, it will replace the old coin with a new coin and redeem/decrease the circulating supply by a fixed ratio. The unused coins that are not in circulation or don't get redeemed will be burnt.
The Ratio for redemption will be 1000:1 or 1000 current PacCoins for 1 new PacCoin on the new blockchain & code fork.
First redemption stage: February 1st, 2018 (only for Masternods, holders with more than 2 Billion coins)
Second redemption stage: March 1st, 2018 for all the other users.
What if you miss to redeem?
People will be able to redeem their old PAC for new PAC for 3 months after the redemption at a decreased ratio of 2000:1 month two and 3000:1 month three. Paccoin will have an ongoing redemption for up to a year after the closing date at 20,000:1
| Now let's talk numbers and the future Value of this coin |
Price: $0.0001
Market Cap.: $302.702.499.40
Coin Supply: 3.5 Trillion
right now 1,000,000 coins has a value of $100 USD by the current market cap. after the redemption the amount of coins changes to 1,000 coins worth $100 USD - 1 Paccoin will be worth $0.1
In my opinion I could see the total market cap. to reach $2 Billion but you also should consider that every day more and more coins are being put in circulation, that actually makes a coin lose value.
It’s very difficult to predict what the Paccoin price will be on March 1st but what is more interesting how much will the redemption affect the price of this coin.
Is definitely an investment worth, for normal investors don't count on huge gains in such a short period of time actually I think after the redemption there will be a huge dump and correction in the price.
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