Disclaimer: Our research is not a  financial advice. We just share our opinion on ICOs based on publicly  available information. Do your own research before making any  investment.   

Problem & Solution:

Key problems that exist are:   

1. increasing demand for cross-chain supports;
2. insufficient support for large-scale transactions;
3. lack of a unified system which collects / stores / transmits blockchain information for business and AI needs.

PCHAIN is a multi-chain blockchain which simplifies creation of DApps for enterprises. Another goal of the project is to generate valuable, filtered data and make it an integral part of Oracle.

PCHAIN has native multi-chain architecture that supports EVM (Ethereum Virtual Machine). It uses PoS to reach consensus between individuals and groups. 

Competitors:

There are enough similar projects in this industry: seele.pro, YGGDRASH, OneLedger, Block Collider, Polkadot, Quant Network, Ark, Aelf, Aion, Icon, Wanchain, Lisk, EOS, Fusion.   PCHCAIN doesn’t have a unique advantage over them; it only wants to create Smart Data and allow anyone to operate with it.  

Token:

Token  functions are similar to Ethereum: Users will pay a network fee for  transactions, and there will also be nodes which support the whole  system.    TOKEN METRICS   Allocation:   Fundraising Goal 50,000 ETH   Investors 35% (15% presale and 20% main sale)   Total supply: 2,100,000,000   Team & early contributors 25%   Pre-sale Min/Max 300ETH/4000ETH   Community 25% (Pchain foundation and community building)     POS mining 15%    

MVP:

PCHAIN don’t have any prototype or MVP  yet (27-Mar). But CEO said they have already developed four key modules  of PCHAIN, and they are in the stage of integrating them this week.  Exact date of the prototype isn’t set.  They will make their code open-sourced when their testnet is online.  

Roadmap:

The whole roadmap takes 18 months.  In the next three months they will have a mainnet online.  Now they are in the  pre-sale stage. ICO dates: TBA. 

Team:

Dr. Feng Cao (CEO)  is one of the most authoritative Asian representatives in the  blockchain sphere, co-founder of ChinaLedger, co-founder of several  start-ups and has huge experience from IBM. The other 6 key players of  the team are well-known scientists and experienced programmers.  Nowadays they already have 13 R&D persons from China, Middle East, Singapore,  US . !IMPORTANT! It is mentioned in Cao Feng’s Linkedin profile that he is connected to Wanchain. But don’t be mistaken: wanchain.ch and wanchain.org are two completely different companies.  

Partners:

Partnerships are in the pipeline with a consortium of 11 Chinese commodity exchanges, equity exchanges, and financial asset exchanges, as well as the government-mandated China Federation of Logistics & Purchasing (CFLP). But they have not disclosed any formal proof of these relationships  yet(21-Mar). The marketing team is unprofessional.   Our team tried to ask some questions ( via their official telegram  channel) regarding MVP, interoperability solutions, team profile  details, etc. We really needed these answers to get deeper understanding  of the project, but got BANNED by admins of the channel. Ridiculous  attitude to community.  

Verdict: 6 out of 10 

A very  experienced and solid Chinese team headed by an authoritative leader.  For now it is just a whitepaper ICO with the idea to create another  “better” blockchain. They  lack marketing and hype. A number of  partnerships have been mentioned; if all of them are true the project  has a great potential in Asia. There is still a lack of a roadmap and  information  about MVP. The ICO date isn’t set so we have enough time to  wait for updates.   

Research was prepared by

Vladyslav Skakun

Senior Analyst at Midgard Ventures