A person having 100 million old coins after the exchange will receive 100,000 new coins is this normal? And most importantly, it is not clear how much new coins will cost
Guys please don't buy these crap coins! They will have a 100 billion supply once the fork is introduced, so all of you all who have 10 million coins will only have 10k in a 100 billion supply! That is nothing! They changed the price on the website for the 2 billion master node from 25k to 20k to 30k all within a day. To me thats a bit shady. These guys have no business plan. Name one person who actually works at PACCOIN besides ''Saul Wolf'' who ever that is? Theres not even a picture of him on the website. What will they offer once the fork is completed and why will there coin be worth anything? The only coin thats worth anything that has a 100 billion supply is Ripple. And Paccoin is no Ripple. I hate to see young guys buy these coins with the hopes that Paccoin will hit 0.1 before the fork. Sorry guys not going to happen. Think about it, after the fork you will have three less zeroes in a 100 billion supply.
The market cap will remain the same, hence so will the value - that's just simple math. Currently there's a max supply of 100 TRILLION - so having 10 million coins is still nothing compared to that... but taking 3 zeros off the end all they're doing is reigning this coin in to give it a more reasonable MC to Supply ratio moving forward.
Personally I'm still unsure about where this is all going, but ultimately this is a coin that has increased 600,000% plus over the last year so it's worth a bet. Heck, if you'd put 100 bucks in this a year ago you'd have around half a million dollars right now. The level of FOMO in this nascent market is such that it's actually
wiser to have a few small bets.