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. 

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

We update our Pakcoin to GBP currency in real-time. Get the live price of Pakcoin on Coinbase.

The current market cap of Pakcoin is £0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Pakcoin is £0.04536. This all-time high is highest price paid for Pakcoin since it was launched.

Over the last 24 hours, the trading volume of Pakcoin is £0.00.

Assets that have a similar market cap to Pakcoin include VectorAI, SIBCoin, Eurocoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Pakcoin is 0.