PacMoon (PAC)

Overview

PacMoon (PAC) began as a community token on Blast, a network built to handle transactions alongside Ethereum. Its central idea was simple: reward people for creating and sharing content about the community. Art, videos, jokes, and other posts could help PacMoon grow, while token rewards gave contributors a reason to take part. The project called itself a “community coin,” combining the playful culture of a meme coin with experiments in rewarding online activity. (decrypt.co)

There is an important distinction in PacMoon’s story. PAC is the original token on Blast. In August 2024, the team began moving its community to Solana under a new name and token, ARMY. The move used a burn-and-airdrop process: eligible PAC holders burned their tokens on Blast to receive ARMY on Solana. PAC and ARMY therefore belong to different networks, even though they share a project history. (threadreaderapp.com)

PacMoon offers a useful example of how a crypto community can use tokens to encourage participation. It also shows how closely a social-token project can depend on the rules of the platforms where its members meet.

History & Team

From Blast community coin to ARMY

PacMoon emerged in early 2024 as Blast was attracting new applications and users. A pseudonymous crypto trader known as Bobby Big Yield started the project with two friends. Lamboland was another visible team member, involved in PacMoon’s social strategy. The group wanted to build a recognizable community around a native Blast token, then give that community more to do than simply hold it. (decrypt.co)

The team ran several rounds of creator rewards and airdrops. In late May 2024, it introduced PacMoon V2, which let certain holders help select posts for rewards. That approach changed in June after X made users’ likes private. PacMoon V3 placed more of the content-selection work with the project’s own account. The shift marked a change in how its social reward system worked. (decrypt.co)

On August 7, 2024, PacMoon announced its plan to move to Solana and adopt the ARMY name. The team described a process in which holders burned PAC and supplied a Solana address for an ARMY airdrop. Later, its community channel announced that ARMY was live. These events form the dividing line between PacMoon’s original Blast-based program and the community’s later Solana identity. (threadreaderapp.com)

Technology & How It Works

PAC on Blast

PAC is a token recorded by a smart contract on Blast. Blast is compatible with Ethereum’s virtual machine, which means familiar Ethereum-style wallets and applications can work with the network. A PAC transfer changes token balances on Blast; it does not require PacMoon to operate a separate blockchain. Blast uses ETH for network transaction fees, while PAC serves as the community asset. (coingecko.com)

Blast also has features such as native yield for ETH and certain stablecoins. Those are features of Blast, and they help explain the environment in which PacMoon launched. PacMoon’s own purpose was different: it used a token and a social rewards program to connect online contributions with on-chain payments. (blast.io)

The social reward system

PacMoon V2 introduced “social validators.” Holders who met a PAC balance threshold could like eligible posts on X. Those likes helped determine which creators earned points, while validators could earn points for taking part. The idea was to give community members a role in recognizing engaging work. Points were then used in the project’s reward process. (decrypt.co)

This was social validation, not the kind of validation that secures a blockchain. PacMoon’s validators judged social content; Blast handled PAC transactions. When X changed how likes could be viewed, PacMoon V3 shifted content selection toward posts chosen by the project’s account. That change made the reward process less dependent on public like data. (decrypt.co)

The later move to Solana was a token transition rather than a transfer of the same PAC contract. The team’s announced exchange rate was ten ARMY tokens for each eligible PAC burned. Its later snapshot announcement limited the conversion to holders captured during that snapshot and set a final burn deadline in September 2024. (threadreaderapp.com)

Tokenomics & Utility

PacMoon’s published token allocation described a maximum supply of one billion PAC. It assigned 40% to community airdrops and 30% to community rewards. The remaining shares were 15% for the treasury, 12.25% for contributors, and 2.75% for exchange-related needs. Together, the two community categories accounted for 70% of the stated allocation. This design put distribution to participants at the center of the original economic model. (coincarp.com)

Airdrops supplied tokens to eligible members, including creators. The rewards pool supported the broader goal of encouraging posts and engagement over time. Treasury and contributor allocations gave the project resources for its operations, while the exchange-related share supported access to the token. An allocation describes the intended division of tokens; the experience of using PAC depended on the campaigns the team actually ran. (coincarp.com)

PAC’s clearest recorded utility was as a community reward and a way to take part in PacMoon’s social programs. During V2, holding enough PAC also opened the social-validator role. After the ARMY launch, the team’s announced migration process became another major part of PAC’s history. The original token remains identifiable by its Blast contract, while ARMY has its own identity on Solana. (decrypt.co)

Ecosystem & Use Cases

PacMoon’s first home was an online creator community. Members could make artwork, animations, music, or written posts related to the project. Reward campaigns connected those contributions to PAC distributions. The model gave people several ways to participate: make content, help recognize content under V2’s rules, or take part in the wider community around the token. (decrypt.co)

The project’s use of X was central to that experience. Posts could reach people beyond Blast, and community members could respond to one another in a familiar social setting. PacMoon also used its channel to announce campaigns and collaborations. One campaign with Mocaverse invited people to create content about both communities for a chance to earn their tokens. Such activities show how PAC served as an incentive for creative work and shared attention. (t.me)

PAC could also be held or exchanged through applications on Blast. That on-chain role is separate from the creative activity itself: the posts lived on social platforms, while token balances and transfers lived on the blockchain. This mix of ordinary social media and crypto payments is the core idea behind PacMoon’s early SocialFi approach. (decrypt.co)

Advantages & Challenges

PacMoon’s main strength was its clear invitation to participate. A member did not need to build software to contribute; a memorable image or thoughtful post could be valuable to the community. The token gave the project a way to recognize some of that work with a transferable reward. Its early campaigns also showed that a meme-centered group could organize more than one kind of activity around a shared identity. (decrypt.co)

The social-validator experiment gave holders a direct role in choosing content. It linked creators and token holders through a common task: finding posts worth sharing. At the same time, the program depended on access to X’s public engagement data. When likes became private in June 2024, the team changed the system. PacMoon’s history therefore illustrates a practical challenge for SocialFi projects built on outside platforms: their features may need to change when those platforms change their rules. (decrypt.co)

The move from PAC to ARMY created a second challenge of identity. PacMoon’s original rewards, Blast contract, and community campaigns are part of PAC’s history; the later Solana project uses a different token. Understanding that timeline makes the project’s changing uses much easier to follow. (threadreaderapp.com)

Where to Buy & Wallets

PAC is available through Thruster V3 on Blast, where it can be swapped using a compatible token such as WETH. The PAC/WETH pair belongs to the original Blast token. A past centralized-exchange listing also introduced PAC to exchange users, but the Blast token and the later Solana-based ARMY token require different network support. (coingecko.com)

MetaMask can connect to Blast Mainnet, and the Crypto.com DeFi wallet lists PacMoon as a Blast ERC-20 asset. For a wallet that uses custom token entries, PAC’s Blast contract address is 0x5ffd9EbD27f2fcAB044c0f0a26A45Cb62fa29c06. Blast’s network settings use chain ID 81457 and ETH as the network currency. These details identify the original PAC token and the network that holds it. (test-docs2.blast.io)

Regulatory & Compliance

PacMoon’s legal treatment depends on the rules of the place and activity involved. In the United States, SEC staff issued a 2025 statement describing its view of certain meme-coin transactions. The statement says that the facts of a particular transaction matter and that the staff view has no legal force on its own. U.S. tax rules also treat digital assets as property: receiving tokens as rewards and exchanging them can create reportable tax events. (sec.gov)

In the European Union, the Markets in Crypto-Assets Regulation, or MiCA, sets requirements for many crypto-asset offers and trading services, including rules about public information and service providers. How those requirements apply turns on the activity, the asset, and the relevant provisions of the regulation. (eur-lex.europa.eu)

PacMoon’s halal status is unconfirmed. PAC does not appear on the Securities Commission Malaysia’s published list of digital assets with Shariah status. The commission’s Shariah Advisory Council considers matters such as how token-issuance proceeds are used and what rights or benefits a token provides. A project-specific assessment would need to examine those features of PAC and its activities; the published list supplies no endorsement for PacMoon. (sc.com.my)

Future Outlook

PacMoon’s lasting role may be as an example of a community trying several ways to reward creative participation. Its creator airdrops, social validators, and later V3 model show how a token can be tied to work that happens outside the blockchain. The move to ARMY shows how a team can carry a community identity into a new network while leaving the original token as a distinct part of its history. (decrypt.co)

For PAC itself, the most useful way to understand the future is through that distinction between the original Blast asset and the later Solana project. Any new community program would need its own stated rules to establish a role for PAC. Its established uses remain the rewards and participation systems PacMoon ran on Blast. (decrypt.co)

Summary

PacMoon began as a Blast community coin that rewarded creators and experimented with letting holders recognize strong social content. Platform changes led the team to revise that model, and in 2024 it launched a Solana successor called ARMY. PAC remains the original Blast token. Its story captures both the appeal of rewarding online creativity with crypto and the difficulty of building a social program around tools controlled by another platform. (decrypt.co)