Ask HN: What is PACoin?

The market cap means exactly nothing in the case of tokens.

Anyone can create the gazillion coin, give some to small exchange to list it, make few transactions between 2 wallets and you'll have a "market cap" for all tokens in the gazillions...

But just try to sell let's say 5% of all bitcoins and see what the "real" price is going to be relative to the "market cap"

"Just reaching out to note that [coinmarketcap] has [paccoin] ranked as #3 but is apparently using old pac as the multiplier which is incorrect." https://www.reddit.com/r/paccoin/comments/838i99/cmc_3_ranki...