Official Announcement:
Strategic Upgrade & Independent Development of PCM Global
Dear PCM Community Members, Pioneers, and All Supporters,
After in-depth discussions between the team and core community contributors, we are officially announcing today that PCM Global is entering an entirely new phase of development.
1. Official Launch of Community Autonomy & Rotating CEO Mechanism
We are pleased to announce the official launch of the new Rotating CEO mechanism, with the inaugural Rotating CEO Mr. AGBONAGBAN A. ISAAC from Africa community.
Effective immediately, the PCM project will fully transition to a community-driven, project-autonomous model. Going forward, the next Rotating CEO will be elected by community vote at regular intervals, giving every member who truly cares about the project the opportunity to participate in decision-making and contribute.
This transition marks PCM Global becoming a truly community-owned and community-led project. We believe that only by entrusting power and responsibility to the community can the project develop steadily and sustainably, and truly serve its users.
2. Challenges We Have Faced & Realities
As a winning project in the first Pi Network Hackathon of 2021, PCM has been committed since its inception to building a genuinely practical Web3 e-commerce platform for Pioneers. With great enthusiasm, we patiently awaited the maturity of the Pi Mainnet.
However, over the past few years, we have encountered significant practical challenges in development:
-The rollout of smart contract functionality on the Pi Mainnet has progressed slower than anticipated and remains in a phased deployment (including core features such as NFTs and marketplace payments).
-We applied for multi-signature wallet support multiple years ago, yet progress has not been made in a timely manner.
-Despite actively supporting NFT development in the first Hackathon, we are still unable to successfully issue and use NFTs on the Pi Mainnet.
We fully understand that the development of a large-scale blockchain project requires caution and time. However, as one of the eco-system team, we have invested massive resources in daily operations and development while facing prolonged waiting for the next milestone. Historical experience shows that each major milestone is followed by extended testing and optimization. As early ecosystem builders, we have waited far too long, and our resources and energy have been almost severely depleted.
We share these truths openly not out of complaint, but to face reality together: indefinite waiting is no longer the best choice for us or the community.
3. Our Decision: A New Step Forward
To revitalize PCM and deliver a better, more practical experience for all users, we have decided:
-Focus on independent development of PCM Global, no longer relying heavily on a single blockchain.
-Cross-chain migration to BSC (BNB Smart Chain): We will deploy PCM on BSC and implement a secure, low-cost 1:1 cross-chain migration from OP Chain PCM to BSC.
-Fully develop a truly decentralized Web3 marketplace on BSC: a non-custodial, peer-to-peer blockchain e-commerce platform where users can trade physical and digital goods directly using PCM (or other supported assets).
We chose BSC for its extremely low gas fees, mature ecosystem, and superior user experience, making blockchain commerce truly accessible to ordinary users.
4. Tremendous Opportunities for the Project and Users
Following independent development and cross-chain migration, PCM Global will achieve a true turnaround:
Users will be able to shop directly in the marketplace without converting cryptocurrency to fiat currency.
In addition to PCM tokens, we will support Bitcoin, Ethereum, stablecoins, BNB, BGM, and other assets for payment and incentives, including:
-Merchant reputation system
-User cashback on purchases
-Merchant collateral mechanism
-More engaging smart contract-powered features
All will be implemented on BSC’s smart contract infrastructure, delivering unprecedented flexibility and enjoyment. Prices will be comparable to the real world, fees will be nearly negligible, and user experience will be greatly enhanced.
5. Solemn Commitment on User Assets & Points, plus Migration Arrangements
All Pioneers may rest assured:
We fully guarantee the security of all your assets, points, staking rewards, and marketplace-related rights within the PCM ecosystem—they will not be affected in any way.
During cross-chain migration, we will implement conditions designed to stabilize PCM price:
-Priority migration for users who have long supported and held PCM.
-Users completing specific tasks (e.g., marketplace transactions, staking) will receive preferential cross-chain quotas and priority access.
This design filters genuine community supporters and effectively maintains price stability for PCM on BSC. We aim to incentivize more believers in the project’s value to join the new phase. Further detailed rules and tasks will be announced in upcoming updates.
Security Insurance Fee for PCM Wallet Pi Balance Section
To ensure long-term security of Pi balance assets and maintain normal Pi withdrawal services, we plan to implement a reasonable security insurance fee for the Pi balance wallet section.
Fee Structure:
-Transition Period (from April 1): 5%
-Long-term Stable Phase (from June 1): Officially adjusted to 4%
-Permanent Benefits:
-Existing users who complete BSC cross-chain migration and stake PCM → lifetime 2%
-Early contributors holding PCM for 6 months post-migration → lifetime lowest platform fee
-Marketplace shoppers may use cashback to directly offset fees
Example: Withdrawing 1,000 Pi will cost approximately 50 Pi during the transition period and 40 Pi long-term.
All fees will be used 100% for servers, security maintenance, anti-hacking protection, and the continued development of PCM Global.
Given the current low price of Pi (approximately $0.17–$0.18) with potential further volatility, the actual fiat value of deducted fees is minimal. However, a higher percentage is necessary to cover essential costs. If Pi’s price recovers in the future, we will adjust the fee ratio accordingly.
We recently assisted a Korean user whose Pi wallet mnemonic was stolen, resulting in approximately 60,000 Pi being maliciously transferred to a PCM account. After actively cooperating with Korean police and implementing strict control measures, we successfully helped recover the assets. This demonstrates our platform’s superior asset monitoring and security protection compared to individual wallet private key usage.
We will continuously optimize the fee structure based on community feedback and sincerely appreciate your understanding and support. Thanks to you, PCM Global can successfully complete this strategic upgrade.
Final Remarks
A new chapter for PCM Global has begun. While this step represents change, we firmly believe it will bring greater opportunities, stronger sustainability, and real practical value.
We invite every community member to join the official group now and actively participate in discussions regarding the Rotating CEO mechanism, DAO governance, marketplace development, and cross-chain migration tasks. Your opinions, suggestions, and contributions will directly shape the future of PCM Global.
Thank you to every pioneer and community member who has stood with us!
Together, let's build PCM Global into a truly influential platform in the Web3 e-commerce platform.
PCM Global Team
31st, March 2026
Official Website:
pcmlabs.io/
Twitter:
x.com/pichainmall
Telegram:
t.me/pichainmall