Re: [ANNOUNCE] paccoin a new SHA256D coin is being introduced
I've got the Cryptopia mail as well and I'm wondering about something. Sorry if this has been explained before, but can someone clarify this to me?
The total supply will go from 100B to 3.5B, that's a decrease by a factor of ~28.6
The swap is going to be 1000:1, which means if I hold 1M coins now, I'll have 1k of the new $PAC.
But if I calculate a 1M holding according to the ~28.6 decrease factor, I should in theory be getting ~35k of the new $PAC, right?
If my calculations are off, please correct me.. otherwise, I'd like to know what will happen with the other ~34k $PAC that are withheld.
Thanks!
The total supply will go from 100B to 3.5B, that's a decrease by a factor of ~28.6
The swap is going to be 1000:1, which means if I hold 1M coins now, I'll have 1k of the new $PAC.
But if I calculate a 1M holding according to the ~28.6 decrease factor, I should in theory be getting ~35k of the new $PAC, right?
If my calculations are off, please correct me.. otherwise, I'd like to know what will happen with the other ~34k $PAC that are withheld.
Thanks!
I think that new coins will be generated by mining and staking. That is why the total new supply is not going to be 1000 times lower. Off course, maybe I am wrong
