Review on Pakcoin by Praise Olagbadun
Exposing Pakistani To The Crypto World
On the 28th day of May 2018, Abu Shaheer thought it right to bring digital currencies to the fingertips of his beloved country, Pakistan. He gained this inspiration from Iceland who have theirs and is called the Auroracoin. The thoughts of Mr Abu is what we all know today as PakCoin. The PakCoin is a completely decentralized (but just yet as rumours has it that the country, Pakistan wants to centralize it) cryptocurrency that was built based on the Litecoin blockchain with it's main aim of bringing Pakistani to the big world of crypto. In order to achieve this, PakCoin has set aside special opportunities for Pakistan Nationals (especially rewards). The project happens to be a very good on as it runs at a very great transaction speed with a nice liquidity, making it's interface free from traffic. It's charges are considered near-zero as they are barely recognized and also offers rewards to users for trading their currency on their own exchange platform, Mubadil. Unlike many other cryptocurrencies, the PakCoin can be mined using either a computer, laptop, VDS or Raspberry. It's trading process is also safe and free from almost all forms of attacks.
The PakCoin also happens to be the first of it's kind as the country Pakistan has never had her own cryptocurrency. It is yet to gain popularity, not minding how long it has been in the market (of which I don't know the reason, maybe because it somehow focuses on just one country). And this has affected it greatly especially in it's price as it is far less than 1 dollar. The project has its mobile application available for download on desktop, although I am yet to see any one for mobile devices, it is said that it's available.
Pros
- The coin is mineable
- It is completely decentralized, leaving it in the command of no cooperate body
- It's transaction speed is really great and also has a great liquidity
- It charges little for any transaction made and even rewards users for actively trading their coin
Cons
- The PakCoin is yet to gain popularity although it has been in the market for more than 5 years now
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Comments (1)
December 05, 2020
Exquisitely written could you please suggest more ways for pak coin to gain more popularity?
And also suggest to it response team to include it in trust wallet,quidax and other wallets?
