Move PCN to BNB Smart Chain — and back
wPCN is PCoin as a BEP-20 token, backed 1:1 by PCN held in a public reserve. Trade it on PancakeSwap, and bring it back to PCN whenever you like.
PCN → wPCN
New wrap requests are paused right now. Do not send PCN to any old deposit address — it will not be wrapped while the desk is closed, and recovery is a slow manual refund. Anything already sent is still paid or returned.
wPCN → PCN
Send wPCN back from your wallet and receive PCN, 1 for 1. No fee on this side, and no account needed.
Redeem wPCNHow it works
- Sign in with your market.pc.am account — the same one as the market and the exchange. No account? Create one on the sign-in page.
- Enter your BSC address and how much PCN to wrap. You get a PCoin deposit address that is yours alone.
- Send PCN to it — up to 250 PCN in total, from any wallet.
- After 100 confirmations (about 17 hours) a person sends your wPCN. Every step shows under Your wraps.
To see wPCN in your wallet, add it as a custom token on BNB Smart Chain:
contract 0x290A5779a419Cb9cB22fa087CDD1CD16dA2D95F1, symbol wPCN, 8 decimals. It trades on
PancakeSwap,
and the Redeem tab is the same door in the other direction.
The 5% fee exists to slow a rush of wrapping-to-sell, not to make money.
Before you wrap — the risks
wPCN is not PCN. It is a claim on PCN held in a public reserve, on a different chain. You can check that reserve yourself on the proof page.
This is manual. A person releases your wPCN after checking. It is not instant and it is not automated.
Completed wraps are announced publicly. When your wPCN is sent — or your PCN is paid back on a return — a post goes to @PCoinPCN with the amount and a link to both transactions. No name is published, but those transactions are public on their chains and the wallet each one paid is one click from the post. Treat a wrap as public, not private.
The market for wPCN is small. The PancakeSwap pool holds only a few hundred dollars of liquidity, so even a small trade moves its price sharply; we trade that pool ourselves (a bot holds it within 3% of the PCN index in both directions, within a small daily budget), and the liquidity is not locked — the project holds the LP tokens. Only send what you can afford to lose.
wPCN can trade above PCN, and only a limited amount can pull it back. The supply is fixed at 50,000 and cannot be minted. Arbitrage can always push wPCN up to PCN (buy wPCN, redeem, sell PCN), but wPCN is only pushed down to PCN by wPCN leaving the desk's inventory — somebody wrapping more PCN, or our bot selling into the pool — and once that inventory is gone, nobody can. Redeeming by return instead of burn keeps that inventory in existence; it does not remove the limit.