PCM daily mining
Follow these simple steps to start mining PCM tokens daily and unlock the potential for earning rewards within the PCM ecosystem. Happy mining!
Step 1: Create a Contract Wallet Before you begin mining PCM tokens, make sure you have created a contract wallet. This wallet will be essential for storing and managing your earned PCM rewards. You can refer to this tutorial: how to create contract wallet.
Step 2: Access Mining Section Navigate to the main page of your PCM Wallet and locate the "Mining" option. Click on it to access the mining section.
Step 3: Start Mining In the mining section, look for the "Tap-to-Mine" button and click on it to initiate your mining session. Once activated, your next mining session will be avaliable after 24 hours.
Step 4: Check Rewards After 24 hours, the PCM tokens you've mined will be calculated and ready for distribution. Click get to view your rewards. You can also go to the mining page to view your mining reward. Total balance: The total mining rewards from daily mining.
The locked rewards: The mining rewards will be locked for 30 days after mining. After 30 days, it will be avaliable for withdrawal to PCM points wallet. Withdrawable rewards: After the 30 days lock-up period, it will be avalaible for withdrawal to PCM points wallet. Withdrawn rewards: The mining rewards that have been withdrawn to PCM points wallet.
Step 5: Withdraw Rewards The mined PCM tokens will be available for withdrawal to your PCM Points Wallet after 30 days of mining. Click on the "Withdraw" option to see the details and initiate the withdrawal process. After the withdrawal, it will be shown on PCM points wallet.
For More Information For detailed instructions and additional insights into PCM daily mining, please refer to our blog post:
https://medium.com/@pichainmall/pcm-sign-in-mining-your-gateway-to-daily-rewards-4a4eb83675d3
Earning PCM Tokens:
Signing in to your PCM Wallet daily is the simplest way to earn PCM tokens within our ecosystem. It’s a seamless process that allows you to accumulate tokens without any hassle.
The Importance of Daily Sign-in Mining:
PCM sign-in mining acts as a gateway, onboarding users from Web2 to Web3, allowing everyone to earn PCM tokens freely. These tokens can then be used as gas fees for on-chain transactions, enabling users to participate in various activities within the PCM ecosystem.
How Sign-in Mining Works:
Daily Mining Rewards:
Users can sign in to PCM Wallet and go to the mining session. Click the “mining” button every 24 hours to access the daily reward pool. This pool is replenished daily, ensuring continuous rewards for active participants.
The PCM reward will be calculated and released to the balance of the PCM mining page at 00:00 (UTC+8) every 24 hours. You can check the details of your mining history and the total miner network reward distribution on the history page.
Reward Pool Allocation:
A reward pool of 30,000,000 PCM tokens is allocated for sign-in mining activities. This pool is dedicated to rewarding users for their daily engagement with PCM Ecosystem.
Reward Distribution Mechanism:
Rewards are distributed based on daily participation, with each user’s share determined by the total number of active miners. This means that the more users participate in sign-in mining, the smaller the share of rewards each user will receive. As the miner network grows, the daily mining rate for each user may decrease gradually. This mechanism ensures that rewards are distributed fairly among all participants while maintaining the scarcity and sustainability of PCM tokens earned from daily mining.
Additionally, monthly reduction adjustments, set at 3%, further contribute to maintaining the scarcity of PCM tokens by reducing the daily mining rate over time. Furthermore, sign-in mining distribution will last for 10 years, ensuring the sustainability of our ecosystem development.
Flexibility:
Sign-in mining rewards come with no lock-up period, allowing users to transfer their tokens to the mainnet after 30 days of mining. This flexibility empowers users to manage their rewards according to their preferences.
Expanded Earning Opportunities:
With 215,000,000 PCM tokens allocated for ecosystem rewards, apart from basic daily mining activities, users can earn much more PCM tokens in various ways within the PiChain Global ecosystem. These opportunities provide users with diverse avenues to increase their token holdings and actively engage with the ecosystem. Some of the ways to boost your PCM token earnings include:
Invitation System: Invite friends to join the PCM Wallet and guide them in completing tasks to earn rewards for successful referrals. Both you and your friends can earn at the same time!
PiNFT Airdrops: Hold PiNFTs to participate in exclusive airdrops and earn additional PCM tokens.
Interact with dApps: Engage with decentralized applications (dApps) within the PCM Ecosystem and earn rewards for your participation.
PCM Guild: Join PCM Guild and contribute to the growth and development of the ecosystem while earning rewards.
Twitter Giveaways: Participate in our Twitter giveaways for a chance to win PCM tokens and other exciting prizes.
And More: Keep an eye out for additional opportunities and promotions to earn PCM tokens, as we are continuously introducing new ways for users to participate and benefit from the PCM ecosystem.
FAQ
1. Why cannot I create the contract wallet?
We're thrilled to see the excitement for PCM mining! Due to high demand, some of you may experience issues with contract wallet creation. Please bear with us and try again later as we work to scale up. Thanks for your enthusiasm and support! 🙏 You might refer to the twitter(X) annoucement here.
https://twitter.com/pichainmall/status/1791859844477267982?t=XZZgwQv3T5ifX47c25W4ng&s=19
2. What happened to PCM points mined from PiChain Mall previously?
During the pre-mainnet phase, more than 700,000 users accumulated PCM points through various PiChain Global DApps. This collective total of 15,000,000 PCM points will seamlessly migrate to PCM Wallet with corresponding conversion ratios. To facilitate this migration process, users are required to bind their email in PCM applications and merge accounts with their PCM Wallets.
3. Can I boost my mining rates by inviting more users to join?
Mining rates cannot be increased by inviting more users to join. However, you can still invite users to join PCM Wallet and guide them to complete tasks. By doing so, both you and the invited users can earn PCM invitation rewards! Inviting friends not only expands the PCM community but also allows you to earn rewards together. For more information on how to invite and earn rewards, please refer to our tutorial: Invite and Earn with PCM Wallet.
4. When can I withdraw the PCM points mined to the PCM Points Wallet?
Sign-in mining rewards come with no lock-up period, allowing users to transfer PCM point tokens to the PCM Points Wallet after 30 days of mining.
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