PCMPrice

(PCM)

PiChain Global is a comprehensive Web3 ecosystem designed to simplify access to blockchain technology and digital commerce. It integrates various products, including the PCM Wallet, the PiChain Mall for e-commerce, and the PiNFT ART marketplace. This ecosystem aims to provide a streamlined and user-friendly experience for individuals engaging with decentralized applications and digital assets, fostering broader adoption of Web3 functionalities.

PCM Wallet is a non-custodial, keyless Web3 wallet built with ERC-4337 account abstraction technology. This innovative design enables features such as gasless payments and secure digital asset management. It also facilitates daily PCM mining and allows for the setup of guardian accounts for social recovery, enhancing security. Notably, the wallet supports Pi token transfers and withdrawals and offers account creation via email, making it highly accessible for users familiar with traditional Web2 platforms transitioning into Web3.

PCM staking enables community members to earn rewards by locking their tokens for specified durations, thereby contributing to the PiChain Global Ecosystem. Participants must meet a minimum staking amount, such as 10 PCM, and be aware that a limited quota for staking instances may apply. Users have the flexibility to maintain multiple active staking instances simultaneously. Crucially, both the staked amounts and any accrued rewards remain locked for the entirety of the chosen staking period.

A substantial portion, specifically 43% of the total PCM supply, is dedicated to community rewards. Of this, 26% is exclusively allocated for staking rewards, totaling 56,000,000 PCM, which represents 11% of the entire supply. These staking rewards are planned for distribution over a period of 10 years. The reward structure incentivizes longer staking periods by offering higher Annual Percentage Rates (APRs). Additionally, a "Rewards Thirdening" mechanism is implemented, which gradually reduces the APRs for new stakes initiated in subsequent years.

The PCM Wallet facilitates the storage, transfer, and withdrawal of mainnet Pi tokens. This functionality has led to discussions within the community regarding its connection and legitimacy relative to the Pi Network. However, it is explicitly stated that the PCM token, distinct from the Pi token managed by the wallet, does not have any direct connection to the Pi Network. The wallet thus bridges some Pi functionalities while the PCM token operates independently.

Precium (PCM) is a distinct project that describes itself as a smart contract platform focused on facilitating peer-to-peer (P2P) transactions. Its primary goal is to enable the simple and secure creation and utilization of smart contracts for various parties, including advertisers, influencers, and token holders. This distinguishes it from PiChain Global (PCM), which is a broader Web3 ecosystem encompassing a wallet, e-commerce platform, and NFT marketplace. The text explicitly notes that "at least two distinct projects" use the "PCM" branding.