Review on Pakcoin by Benaiah A. Akinlade

Name: Pakcoin
Item: Pakcoin
Rating: 3

November 22, 2020

Pakcoin: Pakistan's very own Bitcoin

Cryptocurrency personalizations have come a long way in the cryptospace, as different cryptos have been invented and developed due to different sentimental reasons. Now we are seeing a cryptocurrency that has been developed to boost a country’s digital economy. Pakcoin is a fully decentralized and open source cryptocurrency payment network which is mathematically secured and also set up to enable investors to control their financial activities. It was modelled after Iceland’s Cryptocurrency known as Auroracoin. 
This cryptocurrency is mainly focused on Pakistani economy by making cryptocurrency usage available and affordable for common Pakistanis who are willing to make micro digital transactions although it can be earned by anybody interested. 
The token was developed as an alternative to Bitcoin as BTC is seen as a currency that is not easily affordable for the common people.
You can generate your Pakcoin through mining and get rewarded 5 PAK per block you discover. The token has a current supply of roughly 182,000,000 PAK tokens. It uses a PoW consensus algorithm for generating coins at regular intervals which is in turn used to reward miners.
The token currently trades on these crypto exchanges; 
1. NovaExchange,
2. FreiExchange,
3. Altmarkets exchange, 
4. Mubadil exchange, and 
5. Waves exchange.
I opine that PAK will gather the much needed popularity in Pakistan as long as it is not hijacked to become centralized because the tag of the token being a national token is enough for the government to show interest and hold a stake in centralizing the token. Much expectations should not be placed on this token on a global scale as its main aim is to improve the digital economic activities of Pakistan. 
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Pros

You can stake your PAK tokens for rewards
Payments are instantly paid with no fees on transactions on the Pakcoin network
Pakcoin’s digital wallet is supported on Mac, Linux, and Windows OS
You can get your token by converting your BTC and other supported cryptocurrencies to PAK or by converting your fiat to PAK
There is a reward for discovering blocks during mining

Cons