Paycon (CON) started as a parody of PayCoin (XPY), was created by BitCoinTalk’s muddafudda. For those who don't know, PayCoin was one of the biggest frauds in the cryptocurrency world in 2015. Not surprisingly, the SEC sued PayCoin's creator, Joshua Harz. (You can get more information here) Paycon (CON) was created to satirize posts made by GAW’s CEO (Homero Joshua Garza) relating to Paycoin (XPY).

In their 2015 bitcointalk announcement, they state:

"A revolutionary crypto based off some open source software. We plan to change the world by devoting 1 hour to making the client and building the world best website in under 5 minutes. Paycon promises to cure cancer, aids and all deadly diseases through the power of thought. World hunger?? We will fix that. PSN network down? Trust Paycon to save the day. Wonder who Satoshi Nakamoto is? We found him. Still looking for Kony? We caught him.

Paycon will do everything you can imagine and more. With no buy support and a floor price so low we can even see it, Paycon will be the best investment you could make.

Version 2.0.1 comes with a the change of Multisend GUI which replaces the CON for Charity function. Multisend allows you to send up to 100% of your Stake to multiple addresses of your choosing. Link to the Cryptsy market has been added to the social/exchange tab and a small fix to the Hashsettings."

"Paycon is a parody, has no value, meaning or guarantees. If you mine it, shame on you."