Pacio is the applications platform for the decentralised era

Faqs

Why Pacio?

Pacio is about achieving the Pacio Vision. Other current or proposed blockchains do not provide the full equivalent of what Pacio will deliver. The Pacio strengths will permit the full potential of dectralised technology to be reached. The key differences from other blockchain initiatives are semantic data with accounting and management built in at the core to assist developers. Let ten thousand chatbots bloom!

What is PIO safe money?

The intrinsic cryptocurrency of Pacio is called PIO. PIOs are the Bitcoins or Ether of Pacio. One billion PIOs are being minted to start Pacio. They are described in the PIO Token.

PIOs are entitled to new issuance rewards monthly amounting to 1.25% pa, and are fully traceable meaning that stolen money can be tracked. The technology to issue rewards to PIO holders monthly when new PIOs are minted, and to number and track PIOs is a major part of the Pacio Blockchain.

What are SEA, SSIM, and TARI®?

SEA, SSIM, and TARI® are data management and accounting advances developed by the founders of Pacio, as described in the Pacio White Paper. For entities using Pacio, these technologies will provide the most significant advance in accounting and management since the invention of the double entry system 500 years ago. They are a key part of Pacio attracting developers, who, via their applications, dapps and chatbots, will help make Pacio an everyday part of the lives of all people and entities in the world.

What percentage of PIOs will be available to the public?

75% is proposed, 0.1% in the Seed Presale, 1.6% in the Presale, 20.0% in the ICO, 53.3% reserved for future funding needs, with 25% allocated to Pacio Core Ltd to cover and help fund ongoing development (R&D), the IPR contributions of the founders, Pacio ecosystem building, governance via the Pacio Governance Council, advisors, and possible part compensation of early team members working for zero or less than market compensation. Tokens from the initial minting allocated to Pacio Core will not be transferable (saleable) until after launch.

Do I need to buy PIOs to use Pacio?

If you are using a Pacio based application that does not charge anything, such as a blockchain "Facebook", then no, you do not need to buy PIOs to use Pacio. You might not even know that you were using Pacio.

If you want to open an account to hold, trade, or use PIOs, then, yes, you would need to buy PIOs.

If you want to develop a Pacio application, dapp, or chatbot, and use Pacio blockchain resources such as storage and the API, then yes, you would need PIOs.

If you are interested in voting on governance issues you will need to own PIOs.

Is Pacio the Oldies Team?

Yes. The founders of Pacio are older guys with lots of relevant experience.

However, there will be no ageism at Pacio. We will be building the team with the best possible people we can hire, regardless of age (or gender or background), right across the board - CEO, CTO, CFO, developers, marketers, educators, designers, Foundation Council members etc. Like to join the winning team, Vitalik? The requirements are competence, ability to work in English, the project’s main language, and passion for helping us achieve the Pacio Vision.

Why is there an ICO?

The Pacio vision is large. Achieving it will require appreciable funding. The business aspects of Pacio and its funding requirements are discussed in the White Paper.

The ICO and presale will be run on the Ethereum blockchain using an EIP20 (ERC20) standard token named PIOE, which will be transferable and tradeable. Once the Pacio Blockchain launches, PIOEs will be convertible one for one to PIOs.

Why is there a Presale?

The Presale will fund preparation and running of the full ICO including its marketing, plus the start of team building and software development.

What is the Presale deal?

37.5% off. Presale PIOEs are priced at the ETH equivalent of US$0.125 (12.5 cents), versus the planned full ICO price of US$0.20 per PIOE. There are no other bounty, "white list", or special deals.

How do I take part in the Presale?

Please see the Presale Information Page.

What currencies can I use in the Presale?

ETH only.

What wallets or exchanges can I use?

Any wallet with ETH in it that you own or control, but not an exchange account.

What benefits does PIO ownership provide?

The many benefits of PIO ownership are described in the White Paper.

What gains can I expect from buying PIOs?

Pacio does not and cannot make any guarantees or promises about potential gains. A purchase could result in a total loss. However, PIOs will receive issuance rewards from a 25% share of newly minted PIOs once the Pacio blockchain is live amounting to 1.25% pa. Further, the Pacio goals could bring market capitalisations similar to those achieved by Bitcoin and Ethereum, or perhaps even better in time, because of the scale of the Pacio Vision. Given ICO success to provide the necessary funding, the Pacio team is wholly committed to doing everything possible to achieve the Vision. We are in this for the long haul.

The possible but not predicted or promised gains in the value of PIOs are huge. If Pacio should reach Ethereum like market capitalisation, the gain would be of the order of 3,000% for Presale buyers and 2,000% for full ICO buyers. If Pacio were to reach a market capitalisation of a trillion dollars by say, year five, then the gains would be of the order of 800,000% and 400,000% respectively.