Cypher Melting

The melting process is an innovative mechanism within PGN that allows Cypher holders to convert their digital gold tokens back into PGC. This process is designed to provide liquidity to Cypher holders while also regulating the supply of Cyphers in circulation. When a Cypher is "melted," the corresponding amount of physical gold is locked or removed from the market, and the holder receives PGC as a reward. This conversion not only reinforces the value linkage between PGC and physical gold but also incentivizes the circulation and utilization of PGC within the ecosystem.

Last updated