Announcing the Upcoming PCM Mainnet Migration!
Exciting news for PCM Wallet users! We're thrilled to announce that PCM mainnet migration is launching this November 2024. With this migration, you'll be able to convert PCM points in your PCM Wallet into PCM tokens on the blockchain, marking a significant milestone in the PiChain Global journey. This process, known as Season 1 of PCM migration, will be available for 30 days from the start date. If you miss this migration period, you will need to wait for the next season, with dates to be announced in the future.
Migration Phases
To ensure a smooth transition, we're organizing the migration into three phases based on Pi Balance thresholds in your PCM Wallet:
- Phase 1: Users with 100Pi or more in their PCM Wallet Pi Balance.
- Phase 2: Users with 1Pi or more in their PCM Wallet Pi Balance.
- Phase 3: All eligible users who have met the migration requirements.
Each phase will roll out within November, offering a streamlined migration for every participant.
Migration Requirements
Before participating in PCM mainnet migration, please ensure you meet the following requirements:
Requirement 1: Create Your Mainnet Contract Address
To prepare for migration, you'll need a PCM mainnet contract address create in your PCM Wallet. This step is essential for securing your tokens during the migration process.
➡️ Step-by-step tutorial for creating a PCM mainnet wallet address https://t.co/voASSjypwz
Requirement 2: Check Your PCM Points Balance
You'll need PCM points in your PCM Wallet. These points could be the ones you've mined on PCM and later merged into PCM Wallet or the points you mined daily on PCM Wallet.
➡️ PCM Merge Accounts Tutorial https://t.co/mBywlmKT1m
➡️ PCM Daily Mining Tutorial https://t.co/iqcBpCNp3q
Requirement 3: KYC Verification
All participants must complete KYC (Know Your Customer) verification through PCM Wallet. Only users who have successfully passed KYC will be eligible for PCM migration.
Launching Alongside PCM Staking
Our migration launch also coincides with the highly anticipated PCM Staking feature, enabling you to earn rewards while helping to secure the PiChain Global Ecosystem. This staking feature incentivizes early adopters and long-term supporters.
➡️ For more on PCM Staking, check out our announcement https://t.co/tq8kApM0wm
Migration Details
PCM Contract Address: 0xD0CF4dE352aC8dccE00bD6B93EE73D3Cb272edC3
Blockchain: Optimism mainnet @Optimism
Important Note on Pi Network Integration
Currently, due to the Pi Network's enclosed mainnet, tokens cannot yet be minted directly on the Pi Network blockchain. However, upon Pi Network's open mainnet, PCM Token will be migrated to the Pi Network @PiCoreTeam mainnet. Cross-chain capabilities, including Optimism-Stellar Bridge through protocols like @zkCrossNetwork (https://t.co/YZMB64JAZ4), are in development to enable future cross-chain functionality and establish a PCM/Pi DEX pool when Pi Network has reached Open Mainnet.
⚠️ Reminder: The Pi Network mainnet is not yet open. Please be cautious and avoid any scams regarding this transition.
Join Us on the PCM Mainnet Journey
Prepare now to be part of PCM's growth! Ensure your wallet, points, and KYC are ready for this milestone. With PCM migration and staking launching together, it's the perfect time to join the PCM Wallet and take your place in the future of decentralized finance.
Stay tuned to our X announcements for the latest updates. 🚀
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