Announcement Regarding PIJSChain Public Chain Mainnet Suspension, Asset Mapping, and Subsequent Arrangements
Dear Community Members, Users, and Partners:
We would like to express our heartfelt gratitude to everyone for your long-standing trust and steadfast support for PIJSChain. It is because of your companionship that we have been able to walk this journey together until today. Currently, the blockchain industry is undergoing a deep cyclical adjustment. Impacted by the macroeconomic environment, sector-wide fundraising difficulty has risen significantly, and the long-term sustainable operation of public chains faces high cost challenges. Following multiple rounds of deep internal discussions, external due diligence, and difficult communications with various investors, we are still doing everything within our power to find a funding path that can support the long-term stable development of the public chain. After extremely careful consideration, the team has decided to implement a suspension and technical upgrade for the public chain. During the maintenance period, relevant on-chain functions will be temporarily suspended. This is a heavy and difficult decision, but facing the difficulties with transparency is the most responsible choice at present.
The relevant subsequent arrangements and asset protection schemes are hereby announced as follows:
1. Block Production Halt and Data Snapshot Time
The mainnet is expected to officially halt block production on May 24, 2026, at 00:00 (Singapore Time). The team will perform a full-network data snapshot at the exact block height of the production halt to ensure that all on-chain data is preserved completely and securely.
2. Asset 1:1 Mapping and Liquidation Scheme (Including Mainnet and Testnet)
Full Mapping: After the mainnet halts block production, based on the snapshot data, the staked
$PIJS tokens in both the PIJSChain mainnet and testnet will be mapped to BSC (BNB Chain) at a 1:1 ratio to ensure the subsequent liquidity of the tokens. All remaining treasury funds will be fully used for this migration. Upon completion of the mapping, the network and token ecosystem will transition fully and smoothly into a community autonomy model.
Special Rights Protection: For users who participated in node deployment staking during the testnet activities but unexpectedly lost their original private key files, please do not panic; your assets will also receive secure mapping and protection.
3. Transition Period Timeline
All transition workflows, including asset mapping, on-chain integration, and final liquidation, are expected to be fully liquidated and executed before the end of June 2026 (next month).
⚠️ Security Reminder
The official Twitter will update the progress in a timely manner. Please do not trust any direct messages (DMs), unverified links, unofficial forms, or self-proclaimed "emergency channels" to strictly prevent phishing scams.