PCM Token Airdrops for PiLand & PiFind Holders
Are you ready for some exciting news? We're thrilled to announce the PCM token airdrop for PiLand and PiFind NFT holders, ushering in a new era of rewards and benefits within the PiChain Global ecosystem. Here's everything you need to know about this groundbreaking initiative:
Introduction to PiLand & PiFind NFTs
PiLand NFT is a collection curated by PiChain Global to commemorate the launch of the PiNFT ART platform on Pi2Day in 2022. This exclusive collection consists of 314 unique items distributed globally. Holders of PiLand NFTs have the privilege to engage in NFT reviews on the PiNFT platform, earning PCM rewards for their participation.
PiFind NFT, on the other hand, is a specialized collection designed for the PCM app, PiFind. Functioning as the ultimate Pi store query app for the Pi Network, PiFind enables users to explore and discover various stores within the ecosystem. Owners of PiFind NFTs have the opportunity to review store information uploaded to the platform, thereby earning PCM rewards.
Both PiLand and PiFind NFT collections are currently available for trading exclusively on the PiNFT ART platform. Stay tuned, as PCM Pi balance payment support will be introduced soon, enhancing the accessibility and utility of these dynamic NFT collections within the PiChain Global ecosystem.
PiNFT Collection Breakdown:
| PiNFT Collection | Total NFTs | PCM Airdrop Power (Each NFT) | PCM Airdrop Power (Entire NFT Collection) |
|---|---|---|---|
PiLand | 314 | 10 | 3140 (33.3%) |
PiFind | 6280 | 1 | 6280 (66.6%) |
Total | 6594 | / | 9420 (100%) |
PiNFT Airdrop Power:
The PiNFT airdrop power refers to the weight or influence each NFT holds in determining the distribution of PCM tokens during the airdrop. A higher PiNFT airdrop power means that the corresponding NFT collection receives a larger share of the total airdrop. In this case, PiLand NFTs hold a PCM airdrop power of 10, while PiFind NFTs hold a power of 1. This allocation ensures that both PiLand and PiFind NFT holders receive a fair distribution of PCM tokens based on the size of their respective collections.
Total PCM Airdrop for PiLand & PiFind Holders: 1,000,000 PCM
PCM Token Airdrop Mechanism:
PiLand & PiFind holders will receive PCM token reward airdrops every month for 10 years, totaling 1 million PCM. The airdrop distribution will begin with 30,000 PCM in the first month and decrease by 3% monthly. Monthly airdrops for each NFT will be calculated using the formula: Monthly total airdrop amount / total airdrop power * NFT airdrop power PCM Airdrop Amount for the First Few Months:
| Month | Total Airdrop | Each PiLand NFT | Each PiFind NFT |
|---|---|---|---|
1st | 30,000 PCM | 31.847 PCM | 3.185 PCM |
2nd | 29,100 PCM | 30.892 PCM | 3.089 PCM |
3rd | 28,227 PCM | 29.965 PCM | 2.996 PCM |
4th | 27380.19 PCM | 29.066 PCM | 2.906 PCM |
n th (5th-120th) | =30000*(1-3%)^n | =30000*(1-3%)^n /9420*10 | =30000*(1-3%)^n /9420*1 |
Details and Procedures of the Airdrop:
The first snapshot will be taken on June 15th, 2024, with PCM tokens airdropped based on the types and number of NFTs held.
There is no upper limit for airdropped PCM tokens per account, and they are distributed directly to the PCM wallet address bound to the PiNFT ART account.
Ensure you have opened a PCM wallet account and successfully bound and merged it with your PCM applications.
Ensure you have setup your PCM mainnet adress in your PCM Wallet. (You may refer to the tutorial here: https://pichain-global.gitbook.io/pcm-wallet/tutorial-for-pcm-wallet/mainnet-create-wallet-address)
PCM rewards are not locked and will be distributed within two weeks of each monthly snapshot.
Snapshots for Subsequent Months:
A snapshot will be taken at 00:00 (UTC+8) on the 15th of every month, and PCM token rewards will be distributed via airdrop within two weeks.
Consequences for Non-Compliance:
If PiNFT holders have failed to complete the above requirements at the time of the snapshot, they will not receive the airdrop for that month but will still be eligible for airdrops in subsequent months after completing the above requirements. PCM rewards that are not eligible to receive will be accumulated and then redistributed to active PiLand & PiFind NFT holders during special airdrop events.
NFT Royalties and Internal Transfer:
PiLand & PiFind NFTs copyright owners have a permanent royalty of 5%. This means that whenever these NFTs are resold in the marketplace, the original creator receives 5% of the sale price as royalties.
After the internal transfer function is opened, users can transfer NFTs without transfer fees and choose whether to transfer copyright ownership. If copyright ownership is transferred, future royalty fees belong to the new copyright holder.
PiNFT ART Platform:
Explore the vibrant world of PiNFTs on pi://pinft.art , accessible exclusively via Pi Browser. Discover, trade, and collect unique NFTs that represent the creativity and diversity of the PiChain Global community.
Engagement Tasks for Holders:
Special tasks will also be released in the future for PiLand or PiFind users to participate and obtain more PCM rewards. Stay tuned for exciting opportunities to maximize your rewards and engagement within the PiChain Global ecosystem!
FAQ:
Can I transfer my PiFind & PiLand NFT to my friends?
Yes, NFT Internal transfer function has been released. Users can transfer their NFTs to their friends without any transfer fee.
Can I get PiLand & PiLand NFT now so I can receive the airdrops?
Yes, you can receive the airdrops as long as you hold the NFT at the time of the monthly snapshot.
Where can I get PiLand & PiFind NFT?
The PiLand & PiFind NFT official sale has been ended. You can now purchase the NFT from the secondary market on PiNFT ART platform on Pi Browser. (pi://pinft.art)
When can I buy PiLand and PiFind NFT with my Pi balance on PCM Wallet?
This feature will be released later this month. During the meanwhile, you can get the NFT from your friends via internal transfer. You can also buy with Pi from your Pi Wallet.
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