CHEYENNE, Wyoming (November 17, 2019) – PAC Global, LLC, an emerging blockchain network provider, is pleased to announce an upcoming Network Optimization Update.
The benefits of our latest network update expected to launch the week of November 18th include:
Proof-of Stake (PoS) rewards per block increases from 1 PAC to 100 PAC to reward those contributing towards our chain.
Deterministic Masternodes (MN) Active/Inactive rules are fully enabled to ensure a quality network - an industry first using the PoS algorithm.
Adjusting the difficulty retargeting algorithm to further optimize block speed averages.
Masternode voting within desktop wallets will be an added feature while fixing known bugs.
Unlock wallet for staking ONLY box added for extra security.
700 Million PAC acquired for PAC Global LLC holdings. This pool of funds is for:
A. Employee incentive program:
- Recruit additional high-end developers
- Incentivize existing employees through PAC Global rewards
- These coins will be subject to a "lock up period" and not immediate resale
B. New high-profile exchange listings
C. Promotional/marketing opportunities
D. Strategic partnerships
E. Emergency/insurance expenses
F. Reimbursement for pre-approved operations/marketing expenses
This latest update also retires 1 billion+ PAC Global coins. Although the total number of coins outstanding remains the same, these coins are not in circulation, cannot be sent or received, sold, or used as masternode collateral.
Going forward future software updates will occur with the main objective of continuously optimizing and improving the PAC Global Network while adding next-generation features
Drew Saunders, the CEO of PAC Global, stated:
"Our goal since inception has always been to grow, innovate, and exceed expectations for one of the largest PoS networks in existence today. We recognize the true value of a global blockchain network which successfully brings real world solutions to solve real world problems. We will continue to find new and interesting ways to optimize our massive network, we recognize the need for an Employee Incentive Program to further recruit top talent.”