Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [$PAC] [X11] Community Governed | Masternodes | Actively Trading
by
SaniaNET
on 20/01/2019, 17:38:07 UTC

Hello SaniaNet,

You forgot 1 thing in your calculation and that is that there was on exchange redemption on Cryptopia, Yobit and Tradesatoshi. Wich all had a big volume so they had a lot of coins. Here are the calculations:

Premine 3.550.000.000
You claim there is 1.711.849.758.428 PAC redeemed before june 1st that is 1.711.849.758 $PAC (seems right)
3.550.000.000-1.711.849.758 = 1.838.150.242
160.000.000 split accross 4 founders for the expenses they have made (https://blog.paccoin.net/paccoin-pac-redemption-update-improving-founding-member-transparency/)
1.838.150.242 - 160.000.000 = 1.678.150.242 $PAC
With june redemption 4000:1.
1.678.150.242 - 14.305.830 = 1.663.844.412 $PAC
On exchange redemptions: about 1.375.000.000 $PAC
1.663.844.412 - 1.375.000.000 = 288.844.412 $PAC what went to treasury for operational costs as shown in this post: https://www.reddit.com/r/PACcoinOfficial/comments/8wvkqt/the_paccoin_to_pac_redemption_is_officially_closed/

Kind Regards,
Koen Peters
Koen@paccoin.net


My calculations are based on the rules of exchange agreed upon by the community. Everyone can check my calculations by himself.
If the swap with the exchanges did not go according to the rules, how can you confirm that exactly 1 375 000 000 $PAC coins were sent to the exchanges? What identifiers of the relevant transactions and confirmation that these transactions belong to the exchanges?