PCoin Wrap

Redeem wPCN back into PCN

The door opens both ways. 1 PCN for every 1 wPCN, no fee on this side, paid by a person — allow hours, not minutes.

When your PCN is paid, the desk announces it on @PCoinPCN: the amount, and a link to both transactions. No name is published — but the transactions are public on their chains, so treat a return as public rather than private.

Two ways to do it, same result for you. Return sends your wPCN back to the desk's inventory, where it can be wrapped again by the next person. Burn destroys it through the contract. We ask you to return: the supply is fixed at 50,000 and cannot be minted, so every burn permanently shrinks what can ever be wrapped — and once that runs out wPCN can trade above PCN with nothing able to pull it back. Returning keeps the two prices linkable. Both pay you the same PCN.

Return your wPCN recommended

  1. Open this page inside your wallet's browser (MetaMask → Browser → wrapdesk.pc.am/redeem), or on a computer with the MetaMask extension. Tap Connect wallet.
  2. Enter the amount and the PCoin address (pc1q…) to receive the PCN, then Review.
  3. Press Send wPCN to the desk and confirm in the wallet. The wPCN goes to the desk's inventory address 0x37ceff465a3a2f72979062ad781dda7293477b8a.
  4. The wallet then asks you to sign a short message (no fee, nothing is sent) naming the transaction and your PCoin address. That signature is what proves the wPCN came from you, so nobody else can claim it.
  5. A person sends the PCN to your address. Allow hours, not minutes.
Already sent wPCN by hand? Claim it here

If you transferred wPCN to 0x37ceff465a3a2f72979062ad781dda7293477b8a by hand, or the page closed before the signature step, give the transaction hash and your PCoin address here and sign with the same wallet that sent it. Without that signature the desk cannot know the wPCN was yours, and will not pay it out to a stranger who found the hash first.

Burn instead — the contract route

Also valid, also paid 1:1. The contract burns your wPCN and logs your PCoin address; the burn cannot be undone and shrinks the supply for ever. Use it if you prefer not to trust the desk's ledger with your claim — the burn is a permanent on-chain record nobody can alter.

  1. On a phone, open this page inside your wallet's own browser (MetaMask → Browser tab → wrapdesk.pc.am/redeem). On a computer, use a browser with the MetaMask extension.
  2. Tap Connect wallet and approve. The page switches the wallet to BNB Smart Chain and shows your wPCN balance.
  3. Enter the amount and the PCoin address (pc1q…) the PCN should go to, then Review.
  4. Read the summary, press Burn and request PCN, and confirm in the wallet. The account needs a little BNB for the network fee — with none, the wallet refuses and it looks as if this page is broken.
  5. A person sends the PCN to your address. Allow hours, not minutes.

The page checks the PCoin address, shows you exactly what will be burned, and asks the wallet to sign one transaction.

Check the address twice. The burn happens first and cannot be undone. If the PCoin address is wrong, your wPCN is gone and we have nowhere valid to send the PCN — we will have to contact you to fix it.

Redemption is manual, like wrapping. The contract cannot send PCN by itself: no contract on BNB Smart Chain can move a coin on the PCoin chain. A person does it. Allow hours, not minutes.

Manual route

  1. Open the wPCN contract on BscScan and connect the wallet holding your wPCN.
  2. Call redeem(value, pcoinAddress) — the amount in satoshi-units (8 decimals, so 1 wPCN is 100000000), and the PCoin address you want the PCN sent to.
  3. The contract burns your wPCN immediately and logs your address.
  4. A person sends the PCN.

Known problem: BscScan's form fails on MetaMask for Android with "Invalid params … maxFeePerGas … received: null". That is BscScan's page, not your wallet — use the button above.

Why redeeming matters

A wrapped token nobody can redeem is an IOU resting on trust. A redeemable one is checkable — and it is what lets arbitrage hold the PCN and wPCN prices together. A return leaves the supply and the reserve exactly as they were and refills the desk's inventory; a burn lowers the supply the reserve has to cover, which shows on the proof page. Either way you are paid the same.