You can buy Pakcoins using bitcoins, litecoins, Dogecoins from freiexchange.com and novaexchange.com. You can also get Pakcoins using PKR from Pakcoin exchange group.

You can pay with Pakcoin to anyone by using any of the Pakcoin wallet listed at pakcoin.io/#wallets

You can trade Pakcoins on any of the online exchanges (freiexchange.com, novaexchange)

You can file profit returns on Pakcoin to the authorities.

As Pakcoin is a decentralized payment system, Pakcoin transactions cannot be reversed so one has to be diligent in making transactions.

When you install a fresh PC wallet, it needs to download the entire Pakcoin blockchain (Pakchain) and it needs time depending on your internet speed. Once the Pakchain data is updated till the current time, it shows as synchronized. As Pakchain is growing day by day, the wallet will synchronize again from the time you closed it.

No, Pakcoin is a cryptocurrency and has no referral or MLM system.

No, it doesn’t , but those who bought pakcoins at a lower price would definitely benefit.

No, that won’t be a limitation as there will be an equilibrium among buyers and sellers at some point when supply and demand gets equal and if demand rises more than the supply, it’s compensated with price increase.

Speculation and volatility won’t be a problem once Pakcoin gets matured and accepted by large number of merchants as a payment method. Consumers would buy Pakcoins for spending with merchants and merchants would sell their Pakcoins to get profits and refill their stock.

Pakcoins are created by a mathematical intensive computing process called Mining. Mining is a competitive and decentralized and involves ‘miners’ from around the world and rewards miners. The Pakcoin blockchain protocol controls the rate of generation of Pakcoins according to pre-set rules. At this stage Pakcoins are being generated at rate of 50 PAK per minute which will be halved every 3 years.

Pakcoin has a value due to its features including deflationary nature, faster transactions, cheaper transaction fee, and its current usage in Pakistan with a few merchants.

Pakcoin’s price is being determined by supply and demand rule. The rate of Pakcoins supply is fixed, so if the demand rises its price rises and when demand falls its price falls. While its supply continues to be halved every 3 years, its price should be going up over time due to supply being decreased and demand being increased.

Pakcoin can’t become worthless until its adoption is there.

Pakcoin cannot be defined as a bubble as its price isn’t on unbelievable level, its undervalued as of yet.

Pakcoin mining is based on proof of work scrypt algorithm and is being done by specialized hardware such as GPUs or ASICs such as antminer L3+. Mining provides the network security and transaction processing power and rewarding the miners for their work. Transactions are bundled in blocks which are placed one after another in a chronological order so that block-chain is formed.

Blocks are like ledger pages having transactions history since the beginning of the pakcoin, so any transaction on Pakcoin network can be searched at any time and cannot be deleted. Pakcoin block time is of 1 minute on average, which means a block is closed and added to the block-chain after 1 minute of mining provided any miner has found a suitable hashing solution to the puzzle given by the network.

Hence, the miner processed the transactions of that block, included it into the block-chain and got its reward in form of Pakcoins.

Buying all the existing Pakcoins at any given time is not possible as all the existing Pakcoins are not present on any single exchange or with person. Also, Pakcoins are being constantly generated at a fixed rate and will continue to be generated till 2120.

You should receive transaction notification within few seconds of transaction creation but miners need to confirm the transaction by including it in the next block to assure you that the same coins are not sent to anyone else. Once it’s included in a block, it’s impossible to send same coins to anyone else, so you should ideally look for at least 2 confirmations to be assure that the transaction is confirmed as received.

Usually Pakcoin network charges 0.001 PAK to 0.03 PAK per transaction depending on the size of the transaction. Maximum fee could reach upto 0.3 PAK per transaction of larger transactions.

Your computer doesn’t need to be on all the time to receive the Pakcoins as the pakcoin network is always on and processes the transactions at any time. If you received a transaction while your computer was off, you should see the transaction in your wallet when you turn it on.

Pakcoin mining is not a waste of energy as its being done to secure the network and process the transactions. The energy being spent on pakcoin mining won’t be more than the maintenance and energy costs of any bank having nationwide branches. Heat is also a product of mining operation which can be used to heat the home in colder areas.