What does the company/project do?
Pchain aims to be the next generation blockchain which will support EVM (Ethereum virtual machine) making large scale blockchain application possible. They are aiming to solve Ethereum scaling issues and wanting to be next Ethereum killing blockchain.
What are the tokens used for, supply and how can token value appreciate?
The project will be funded by target and open donation of token. The name of PCHAIN’s Token is PCH, and a total of 2,100,000,000 (2.1 billion) PCH will be issued.
Among all the token,
- 15% is used for the target donation.
- 20% is used for open donation.
- 25% is reserved for the core team and early contributors.
- 25% is used for community construction.
- The remaining 15% is used for POS mining.
Token donation phase consists of target donation stage and open donation stage. Open donation is only offered to the citizens of countries and regions permitted by relevant laws and regulations. The start time of target donation depends on the development and operation of the first round.
Ways of Fund Raising
Usage of Funds
The fund will be used as follows:
- 65% will be use in PCHAIN system research and development, including wages, software and hardware procurement, etc.
- 20% of fund will be used for carrying out the marketing campaign, including wages, promotion expenses, etc.
- 10% will be used for carrying out operations, including holding all kinds of activities, etc.
- Remaining 5% will be used for conducting legal compliance, including the payment of counsel fees, etc.
Token value appreciation
Once the PCHAIN is established, a certain amount of cost will be required to pay while combining smart contract with blockchain and invoking smart contract, which is settled by PCH. In addition to mining, PCH can also be obtained in the market. After PCHAIN is built, there will be more and more applications on the chain, more and more transactions will be carried out on the chain, the demand for PCH will also increase, and the value of PCH will increase. As a result, the value of PCHAIN project will increase.
How advanced is the project?
- PCHAIN Position Paper completed - T
- Dewdrop Stage - T + 7 months
A complete development of PCHAIN core system which supports account system and deployment of smart contract, publish technical white paper. Test net of main chain online.
- River Stage - T + 12 months
In this stage PCHAIN will publish the product on the major network complete document of external API and wiki.
- Sea Stage - T + 15 months
In this stage it will expand the capabilities of knowledge graph and Data Blockchain and will support external development interfaces.
- Ocean stage - T + 18 months
There will be introduction to several blockchain application projects to form Knowledge Graph Blockchain Alliance.
After examining the results of the 18-month milestone, a new plan will be marked for the specific development, so that PCHAIN can maintain the correct R&D and service direction and maintain the leading position in technology and market.