Notice that I have categorized this article as a rumour, this is due to Pascal often changing his mind very fast, and I guess Paracoin details are not really set to stone. So basically this is official how it is going to be but prepare for a change of mind still.

During his holiday that he originally announced of having started from about 14th of December until the end of the year, on last day of last year he gave an announcement regarding Para coin.

In announcement he said that paracoin will come in two weeks time, that be roughly no later than the 14th of January. Notice that this is probably different from “two weeks later” which can mean any time between now and the second coming of Christ.

Master node collaterals for paracoin would be 100, 300, 1000, 3000, 10 000, making it very much affordable for most people supposing coins price be around the same as Teloscoin currently is.

He is also hinting in his announcement that Bluebox Telos master nodes might be replaced with Paracoin master nodes since Telos master nodes are about to be history after Telos changes to full POS coin, which in my guess will happen soon after the Paracoin fork is done first. This order of first Paracoin fork, then Teloscoin full POS fork, would be due to practical reasons I guess.

Each Paracoin Block would yield 1000 new coins until the first halving happens around July 22, and there will be a superblock of 300 000 para coins once every 30 days for the lucky one who gets it. Will halving also affect the size of the superblock is not told.

It is not said how often new blocks come, but I suppose it would be the same as Teloscoin – once per minute, in which case the amount of Paracoins would practically more than double by the time of halving, and halving taken into consideration, amount of Paracoins would about triple by the end of the first year.

If this halving continues the same way the next year, then at the end of the second year there will only be roughly 35 percent more coins compared to the end of the first year. So the first year is the time of high inflation and time to grab them coins as much as you can, while the second year will be much more stable already compared to the first one.

As a final reminder, I repeat the same as in the previous news item about Paracoin: You can already buy Paracoins by buying Teloscoins since Paracoin is going to be a fork of a Teloscoin. This means that as many Teloscoins you have at that moment, you will also have Paracoins the same amount.

As an example, if you have 100K Teloscoins at the moment of the fork, then after the fork you will have 100k Teloscoins, and 100K Paracoins.

And to clarify just in case; Teloscoin is not going anywhere, both Teloscoin and Paracoin will exist at the same time, hence having Teloscoins at the time of the fork will only be good for you since you will have both Teloscoins and Paracoins.

In addition, after the previous article, Pascal has confirmed that Bitdorado Turkey will support Paracoin fork. Rest of the place’s situation is the same as told in the previous article.

So go and buy those Teloscoins now already to get some Paracoins in addition to your Teloscoins and lift the Teloscoins price up!