Market stats

$236,081.97

$3,219.07

-1.17%

68.6M PAK

38% of total supply

$0.06

-1.04%

+0.57%

+7.27%

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About Pakcoin

What Is Pakcoin (PAK)?

Pakcoin (PAK) is a cryptocurrency that is not backed by huge financial institutions, rather by strong cryptography, mathematics, and its community's trust. Pakcoin claims to be an alternative to the traditional payment methods enabling users to make faster payments with low transaction fees. The platform solves the problem caused by the traditional payment methods that involve third-parties. Pakcoin also solves the problem of unsecured transactions and commission fees charged by the banks to transfer currency. 

According to the whitepaper, the platform aims to make the world digital by promoting digital payments. PAK uses strong cryptography to keep the transactions secured and charges low fees. The blockchain technology used in the platform prevents double-spending, tracking of every transaction, and enhances financial tracing. Further, merchants like retailers, e-commerce platforms, etc., can accept payments in PAK via the Adaigi platform. Adaigi is a blockchain-based payment procedure that allows merchants to accept payments in PAK and exchange them into real-world currency. 

The Pakcoin platform uses a proof-of-stake (PoS) consensus mechanism for energy-efficient, secure, and faster functioning. Moreover, the data on the platform can’t get manipulated or deleted but users can view the transactions in real-time. The platform supports transparent transactions and all the transactions get recorded in the ledger. The P2P mechanism has no central administrator or server and hence, is resistant to cyberattacks. 

PAK is the name for the digital cryptocurrency Pakcoin. PAK holders can enjoy complete ownership and custody over the coins as only PAK users have access to the private key. Users can purchase Pakcoins from mobile wallets, via bank transfer, and through bitcoins. The PAK holders can use coins for Careem (Ride-sharing service), Daraz.pk (Pakistan’s largest online shopping portal), and utility bill payments. 

The PAK holders can engage in staking of PAK for some time to earn some passive income. 

History of Pakcoin (PAK)

Aba Sharer founded Pakcoin in 2018. The total supply of Pakcoin is 182,000,000 PAK.

Pakcoin is on the rise this week.

The price of Pakcoin has risen by 7.27% in the past 7 days. The price increased by 0.57% in the last 24 hours. In just the past hour, the price shrunk by 1.04%. The current price is $0.003378 per PAK. Pakcoin is 94.37% below the all time high of $0.06.

The current circulating supply is 68,594,750 PAK.

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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

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