Price change (24h):
0.00%
High (24h):
$
Low (24h):
$
Volume (24h):
$3.08
Market Cap:
$470.96K
All Time High:
88.61% $0.05
Jan 11, 2018
All Time Low:
232423% $0.00
Sep 25, 2015
17.71 %(1Y)
$0.00550777
Price change (24h):
0.00%
High (24h):
$
Low (24h):
$
Volume (24h):
$3.08
Market Cap:
$470.96K
All Time High:
88.61% $0.05
Jan 11, 2018
All Time Low:
232423% $0.00
Sep 25, 2015
Pakistan Coin (Pakcoin) is a cryptocurrency launched in 2015. It occupies a dual categorization as both a smart contract platform and a digital currency crafted specifically for the Pakistani populace.
The asset functions primarily as a decentralized medium of exchange and a programmable smart contract infrastructure. Pakcoin attempts to bridge gaps in financial inclusion by offering a locally relevant blockchain network, sidestepping traditional banking frictions that persist in Pakistan’s economy. No third-party intermediary screens transactions or freezes balances.
Pakcoin operates on its own blockchain using proof of stake. Validators lock up capital to secure the ledger, an architecture that starkly contrasts with the energy-intensive proof-of-work mining that dominated its earliest phase. Blocks propagate across the network at a steady interval of 1.0 minute.
The network implements the Scrypt hashing algorithm, a legacy of its original mineable design that imparted ASIC-resistant properties. Even as consensus shifted toward staking, that cryptographic footprint persists. Native smart contract functionality broadens the protocol’s scope far beyond simple peer-to-peer transfers, enabling decentralized applications to execute directly on-chain.
An anonymous or pseudonymous founding team launched Pakcoin in 2015, minting its genesis block on June 6 of that year. The project took root with a transparently community-driven ethos, distributing value through mining before migrating to a staking model that altered validator economics without fracturing its user base. Early adoption clustered around diaspora remittances and grassroots merchant acceptance within Pakistan.
The overarching mission is to deliver a permissionless financial layer that Pakistan’s citizens can rely upon for remittances, everyday transactions, and decentralized application development. By anchoring value in a blockchain governed by its users, Pakcoin strives to cultivate economic sovereignty outside the purview of centralized monetary authorities and unstable local banking rails.
PAK tokens are staked by validators to participate in consensus and earn block rewards from protocol emissions. Transaction fees across the smart contract platform are denominated and settled exclusively in PAK, tying network usage directly to token velocity. The supply mechanism lacks a burn schedule, collapsing the entire cost-of-operation model onto staking dynamics.
Validators stake PAK to secure the network and collect freshly minted tokens as compensation for block production. Developers acquire PAK to execute smart contracts and deploy applications, incurring computational costs priced in the native asset. Merchants and individuals use PAK as a settlement instrument for cross-border value transfer, particularly in corridors where conventional banking infrastructure falters or imposes prohibitive fees.
Pakcoin has a maximum supply of 182,000,000 tokens. Currently, 85,424,699.88 are in circulation. No halving cycle or pre-programmed emission reduction is codified within the protocol’s public documentation. With a market capitalization of $516,061, Pakcoin ranks #3,659 among all cryptocurrencies.
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