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This is What Keeps PacCoin Ticking

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PACcoin

Among the waves of newer cryptocurrencies being introduced at an alarming rate, one coin that has recently caught the eye of many investors is PacCoin. The coin, which gets its name from the popular arcade game Pac-man, has been making headlines for all the right reasons despite the fact that the digital coin market is still recovering from the ill effects of January. Particularly, the market received a blow which resulted in digital coin buyers facing tremendous low trading volume consisting of extreme lows. However, throughout the month of February, it had seen a twenty times return potential on its assets as well as trading volumes. This surge is expected to occur all through March, due to various factors. One major factor is the cryptocurrency’s decision to address some deleterious issues facing their master nodes.

PacCoin Information as on 03/05/2018

Market Cap $97,085,633

Volume (24h) $0

Circulating Supply 2,568,973,866,070 PAC

Max Supply 3,474,487,316,426 PAC

Rank 928

Algorithm SHA-256

Type Currency

Age 2 years 4 months

Website: PACcoin

White Paper PACcoin White Paper

Explorer Link 1

Minable No

No. of Exchanges 6

Github PACcoin · Github

Github Update (last) 30 days ago

Low-High 52W $NaN – $0.0003196

Low-High 1W $0.0000193 – $0.0000451

Low-High 1D $0.0000368 – $0.0000451

% (1h) 0.00%

% (24h) 0.00%

% (7 days) 31.56%

% (1 month) -46.95%

% (6 months) 24172.06%

The Reasons

  1. PacCoin’s Redemption Address: The PacCoin team announced plans for launching what they called a “redemption addresses”, with the ultimate aim of fixing their master nodes. PacCoin’s Masternodes had been experiencing several difficulties, including a lingering problem of fake redemption addresses on social media. In order to come up with a solution, PacCoin ensured that all their users have a copy of their transaction ID as a validation key. The main reason for the introduction of this transaction ID was to act as a proof that a token is sent to their platform. This made the overall system more stable and secure, with the platform now being able to refund users in case of any faulty transaction.
  2. Specific Updates from the Development Team: The Dev team revealed plans to introduce very specific and functional updates to the system. They first dealt with issues delaying the official launch of $PAC. This also paved the way for the eventual launch of PacCoin redemption, a vital milestone as the coin’s resources are volunteers. The Dev team launched some nodes to support the new network after the necessary amount of pre-mining was completed.
  3. Performance: PacCoin’s real success began with the 5% increase in its total market cap, propelling it to the top of the competition. The considerable amount of money that was shed in its market cap also attracted many investors. This directly resulted in an increase in the coin’s trading volume, making it a mid-tier Cryptocurrency and a vehicle for future investment. It is currently ranked 928th on Coinmarketcap, with analysts predicting another imminent upsurge.

PAcCoin Performance Till 28 Feb

https://coinmarketcap.com/currencies/paccoin/

Final Thoughts

Crypto-experts and analysts alike have praised PacCoin for the recent overhaul of their master node setup, with some believing that its value will only rise.  The ability to have a parabolic gain and subsequently not go down in value as fast as other coins is a contributing factor to the coin’s popularity. At the time of writing, PacCoin is steady with a lot of upcoming events lined up for it.  The main goal of setting up various events around the world is to attract more investors which in turn will move the price forward. As PacCoin is tied very closely to its trading pairs, it is also able to keep up with the capricious crypto-market.  Investors are flocking in numbers to catch the Cryptocurrency wave that is PacCoin!

We will be updating our subscribers as soon as we know more. For the latest updates on PAC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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