Re: [ANN] [$PAC] [X11] Community Governed | Masternodes

Quote from: SaniaNET on January 20, 2019, 05:38:07 PM

Quote from: PAC_Helper on January 19, 2019, 11:13:56 PM

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?

Hello,

What i mean with 'on exchange redemption' is the swap of coins that happend on the exchanges Cryptopia, Yobit and Trade Satoshi.
The old PAC that was on the exchange got swapped to $PAC by the exchanges.

Cryptopia: 822.769.874 $PAC PEm7qsX6onMThpiQSr7o3aTRW819qr3q72
Yobit: 370.997.069 $PAC PUs8VaA7zG9C7YxSvUoQg7C2weNPi3xi86
Trade Satoshi: around 100mil, waiting on the address to show it.

Those are the addresses we sent the coins to for the on exchange redemption. the exchanges distributed the coins to their users holding old PAC.

I hope this explains it. If you have any questions you can always email me.

Kind Regards,
Koen Peters
Koen@paccoin.net