PacCoin offers similar features as the Bitcoin and Litecoin and serves as an alternative cryptocurrency. However, one major feature that differs it from them is it allows interest when the users stake up the coins i.e. they hold on to the PAC without selling them. The users gain an interest of between 7 to 9 % on each transaction per month. Paccoin is a hybrid of Proof of work(PoW) and Proof of Stake(PoS). PAC requires a lot of CPU resources for staking.
Paccoin is a peer to peer cryptocurrency that is created to enable users to send and receive money without any hassles or restrictions. It was in wilderness for a long time until a fresh new development team took over to relaunch the coin. They created a new website a few weeks ago and have a long way to go. It is now a team and does not suffer from a single point of failure as it had experienced earlier.
How to Buy PacCoin (PAC): Paccoin is looking at different options to make it simple and easy for new cryptcoin enthusiasts to buy PAC. The creators are buying the coins from the market and selling to the buyers directly. Interested users can buy the PAC coins using Litecoin which can be bought with a credit card. To do transactions, users must a functioning wallet with a valid address. The wallet can be downloaded from the website or an exchange like Cryptopia. Wallets are available on all the three OS platforms of Windows, Linux, and Mac.
How PacCoin (PAC) Works: Paccoin has launched an affiliate program for the growth of the network. The company is offering an incentive commission of 10% in PAC coins to the members to introduce new people. Users sign up the affiliate program and are given an ID. They do not have to purchase PAC to become an affiliate. As and when there is a purchase by anybody using the referral, the ID holder is credited with 10% at the end of the month. They are coming up with a new social networking website pacfyle.com on January 1st, 2018.
Paccoin is ranked 352 and has a market cap of $ 14.18m USD. The new affiliate program has been getting a good response and had a sudden spike in traffic. The company is creating a ticket system for the users to start a ticket if they face any issues. With a totally revamped network, one should look at it with a patient and positive approach to the platform.
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