Questions people actually ask

No. wPCN is a token on BNB Smart Chain that represents PCN held in a reserve. It is useful because it can trade on PancakeSwap; it is not the coin itself, and you cannot use it to pay for anything that takes PCN.

100 confirmations at roughly ten minutes a block. The depth is what protects the desk against a chain reorganisation — if we released wPCN after two confirmations and the deposit were later reversed, the wPCN would exist with nothing behind it. The wait is the defence.

250 PCN per deposit address, 250 PCN a day and 1000 PCN a month per account, 15000 wPCN in total. The PancakeSwap pool is small, so a large amount of new wPCN arriving at once would move the price hard against whoever sold second. The limit protects the people using it, and it will rise as the pool deepens.

5%, and it is friction rather than income — 5% of the entire allocation comes to 750 PCN. It exists to slow a rush of people wrapping purely to sell.

Yes, up to 250 PCN in total: a deposit address takes at most 250 PCN in its whole life, counting anything that was returned, and anything beyond that is returned rather than wrapped. For another wrap, ask for a new address on the Wrap tab — you can use the same BSC address again.

If you sent more than 250 PCN, the excess is returned. If you sent to an address that is not yours, tell us — the deposit addresses all belong to one reserve wallet, so the PCN is not lost, but working out whose it is takes a human.

If you have not sent PCN yet, simply submit the form again with the right address — a new request gets its own deposit address. If you have already sent PCN, get in touch before the wPCN is released (Telegram @PCoinPCN) and quote your deposit address; the release is done by a person, who can hold it.

For wPCN: MetaMask, or any wallet on BNB Smart Chain that lets you add a custom BEP-20 token (contract 0x290A5779a419Cb9cB22fa087CDD1CD16dA2D95F1, 8 decimals). Not an exchange deposit address — exchanges do not list wPCN and cannot credit it. For the PCN side you need a PCoin address, from the PCoin wallet app or a node.

No. The PCN price is the PCN index: the median price of real trades between users on exchange.pc.am, published at price.pc.am. That is what every service that accepts PCN credits at, and market.pc.am sells at it plus 3%. The pool is not an input to it. A bot of ours holds the pool within 3% of the index in both directions, within a small daily budget, so a big move can outrun it. Do not read the pool as the market's verdict on PCN.

Through the redeem page, 1 PCN for every 1 wPCN, no fee on that side, paid by a person so not instant. Two routes: return the wPCN to the desk's inventory and sign a message naming your PCoin address (recommended), or burn it through the contract. Both pay the same. Check the PCoin address twice either way.

The wPCN contract has no mint function — that is a safety feature, checkable in the bytecode — so the 50,000 ever created is all there will be. A burn destroys tokens for ever; a return puts them back in the desk's inventory, where the next person can wrap PCN into them. Once the inventory is gone, nobody can turn PCN into wPCN any more, and then wPCN can trade above PCN with nothing to pull it back (see the next question). Returning keeps that from happening. The contract's redeem() is still there for anyone who prefers a permanent on-chain record.

Yes, and the two directions are not symmetric. If wPCN trades below PCN, anyone can buy wPCN, redeem it 1:1 and end up with cheaper PCN — that pulls wPCN back up, and it works without limit. If wPCN trades above PCN, the only thing that pulls it back down is wPCN coming out of the desk's inventory: somebody wrapping PCN and selling the wPCN, or our bot selling into the pool when it is more than 3% above the PCN index (up to 2,000 wPCN a day). So wPCN can sit at a premium to PCN once that inventory is gone, and no bot or contract can fix that. The rate PCoin's own services credit PCN at is the PCN index, which the pool does not move, so a premium costs nobody who spends PCN — but somebody buying wPCN on PancakeSwap may be paying more than PCN costs at market.pc.am. Check both before you buy.

The PCoin project. The same people who run pc.am, the explorer and the pool. There is no separate company and no custodian.

You send PCN and we fail to send wPCN. There is no smart contract enforcing our side of a wrap — it is a person doing it. That is why the amounts are capped low, why the reserve is public, and why we would rather you tested with a small amount first.