Quote from: doc_pan on January 04, 2018, 01:28:44 AM

Quote from: Proxima Centauri on January 03, 2018, 08:35:08 PM

Quote from: cecilia1 on January 03, 2018, 06:17:00 PM

Quote from: Jaycee_nl on January 03, 2018, 05:55:40 PM

I used 0,00004 and 0,04 as an EXAMPLE. I used these amounts because the current price per paccoin is 0,00004. Main issue is that 400 dollar just before redemption will be 400 dollar after redemption.

I know, I meant if the coin valued 0,00004$ before the swap, it is still uncertain that new coin will value 0,04$ after the swap. People can lose profit due to that.

That's exactly what I don't understand! We all bought Pac's cause it was very very cheap, I'm not sure I would jump in if it was 0.04$

It was cheap because the market cap was nothing compared to the circulating supply of 3.3 trillion... Do people not know math? It's simple market cap divided by 3.3 trillion supply. That gives you a very very cheap coin because there is no scarcity. What that ALSO means however is that it will require a MASSIVE increase in market cap for the price to head toward even 1 cent at the current levels, let alone something along the lines of an Ethereum, which has a supply that is vastly lower.

By cutting the supply to 3 billion the devs will ensure the coin can hit the $1 mark more easily and therefore get more attention from mainstream investors. Seriously people, this isn't that complicated..

If this is still unclear, I'll try spell it out more: once all the PacCoin holders trade their old tokens in for the new ones whilst the number of tokens will decrease by 3 zeroes, the VALUE of these tokens will remain the same as the market capitalisation for the whole network has remained the same.

This new scarcity, combined with the work being put into the revamped project, will see the coin open on new exchanges and gain more attention - hence increasing the overall market cap and raising the price quickly.

I dont get why people couldnt figure that out I literally signed up just to comment wow..