Pakcoin (PAK) Price

$0.0066361251

Pakcoin (PAK) Price Today

The live price of Pakcoin is $0.0066361251 USD. In the past 24 hours, the trading volume of Pakcoin was -- USD, with a change of -0.69%. The current live price of Pakcoin has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $83,259,409.88 PAK, the market cap of Pakcoin is currently -- USD, marking a 0% change in the last 24 hours. Pakcoin currently ranks 6628 by market capitalization.

Pakcoin (PAK) Market Data

Market Cap

24h Volume

Circulating Supply

83.2M PAK

Maximum Supply

182M PAK

Fully Diluted Market Cap

$1.2M

Liquidity Indicator

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About Pakcoin (PAK)

What is Pakcoin?

Pakcoin is a digital currency launched in 2015 with the goal of making cryptocurrency accessible to the masses in Pakistan. Designed as a fast, secure, and low-cost solution for digital transactions, Pakcoin was originally based on the Proof of Work (PoW) Scrypt algorithm but transitioned to Proof of Stake (PoS) in January 2019. This transition was aimed at reducing the energy consumption typically associated with mining while enabling coin holders to earn rewards through staking. This adaptable shift aligns with Pakcoin's commitment to sustainability and efficiency.

What distinguishes Pakcoin is its community-driven approach. Developed and maintained by volunteers, it is tailored for real-world use in Pakistan as both a payment method and an investment vehicle. By providing a platform where users can exchange digital currency for goods and services, Pakcoin goes beyond typical cryptocurrency trading. Platforms like Adaigi allow offline merchants to accept Pakcoin payments, expanding its practical use and adoption in everyday commerce. Today, Pakcoin operates on the Waves blockchain, which enhances its transaction efficiency and provides users with a secure, stable environment for financial activities.

How Does Pakcoin Work?

Pakcoin functions as a peer-to-peer digital currency that allows for instant, low-cost transactions across the globe, particularly focusing on the Pakistani market. Users can engage in staking, a process where they lock their Pakcoin holdings to help support the network. By doing so, they earn additional coins as a form of passive income, with yields ranging from 3% to 6% annually depending on the total number of coins staked. This staking process not only rewards holders but also contributes to network security and efficiency, making Pakcoin an eco-friendly cryptocurrency.

In addition to staking, Pakcoin is increasingly integrated into the real economy. Through platforms like Adaigi, offline merchants can now accept Pakcoin for in-person transactions, expanding its usability beyond the digital realm. This integration makes Pakcoin a viable option for daily purchases in Pakistan, helping bridge the gap between traditional financial systems and modern cryptocurrency technology. Furthermore, Pakcoin provides secure online wallets for storing, sending, and receiving digital currency, ensuring easy management and a seamless user experience.

Pakcoin’s community engagement initiatives, such as the airdrop project, have also played a significant role in boosting its popularity. These initiatives aim to introduce new users to cryptocurrency by offering free Pakcoins, making it accessible to a broader audience. The airdrop project alone has distributed free tokens to over 150,000 users, highlighting Pakcoin's commitment to increasing adoption and providing users with hands-on experience in using digital currency.

Pakcoin Founding Team

Pakcoin was founded by Abu Shaheer, an advocate for cryptocurrency adoption within Pakistan. Shaheer envisioned a digital currency that would cater specifically to the Pakistani market, bridging the gap between traditional financial systems and the emerging blockchain landscape. His mission has been to empower people across Pakistan with a reliable, efficient, and accessible form of digital currency. By creating Pakcoin, Shaheer aimed to introduce people to the benefits of cryptocurrencies, such as minimal transaction fees and instantaneous transfers.

The development of Pakcoin has been community-driven, with volunteers contributing to its evolution since its inception. This collective approach reflects the ethos of the cryptocurrency movement—decentralized, inclusive, and supportive of broader access to financial tools. Shaheer has been a vocal proponent of crypto education and adoption in Pakistan, often engaging with the community to spread awareness and provide support.

Pakcoin Tokenomics

Pakcoin has a total supply of 182 million coins, with the current supply standing at approximately 75.85 million. Initially, Pakcoin used a Proof of Work (PoW) Scrypt algorithm, similar to Bitcoin, but transitioned to Proof of Stake (PoS) in 2019 to enhance energy efficiency and align with evolving blockchain standards. This shift allows Pakcoin holders to earn rewards through staking, which also helps secure the network and manage supply distribution.

Pakcoin gained considerable traction in 2017, achieving over 10x growth, driven by increasing interest in cryptocurrencies globally. This growth was supported by Pakcoin's innovative community engagement strategies, such as its airdrop program, which aimed to introduce more Pakistani users to the benefits of digital currency. Each of the first 150,000 participants in the airdrop received 50 Pakcoins for free, significantly boosting community involvement and making Pakcoin a household name in several regions across Pakistan.

The coin also focuses on enhancing practical utility by providing offline payment solutions through platforms like Adaigi, enabling merchants to accept Pakcoin as a payment option. This real-world applicability of Pakcoin, combined with staking incentives, makes it a promising cryptocurrency for everyday use in Pakistan, fostering a financial ecosystem that is both accessible and inclusive.

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Information source

Official Website

Whitepaper

Pakcoin (PAK) Price Converter

PAK to USD

1 PAK = $ 0

PAK to VND

1 PAK = ₫ 172.54

PAK to EUR

1 PAK = € 0

PAK to TWD

1 PAK = NT$ 0.19

PAK to IDR

1 PAK = Rp 108.12

PAK to PLN

1 PAK = zł 0.02

PAK to UZS

1 PAK = so'm 85.19

PAK to JPY

1 PAK = ￥ 0.95

PAK to RUB

1 PAK = ₽ 0.51

PAK to TRY

1 PAK = ₺ 0.26

PAK to THB

1 PAK = ฿ 0.21

PAK to UAH

1 PAK = ₴ 0.27

PAK to SAR

1 PAK = ر.س 0.02

Pakcoin Price Converter

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.