Whitepaper v3.5
January 2026
Important Notice
PIECE Coin (hereinafter referred to as “PCS”) are not intended to constitute securities, units in a collective investment scheme, or other capital market products each as defined under the Danish Companies Act, or its equivalent or any other regulated products in any jurisdiction.
PCS does not entitle you to any ownership or any other interest in the Paiblock Group, and/or any of their affiliated companies (together, “Paiblock”). Paiblock A/S is licensed by the Danish FSA to provide virtual wallets services and to carry out virtual currencies service, that is, the business of providing one or more of the following services or operations for or on behalf of a natural or legal person or legal arrangement:
a. exchange between virtual currencies and fiat currencies;
b. exchange between one or more other forms of convertible virtual currencies
c. transfer of virtual currencies;
d. virtual currency custody service, or
e. participation in and provision of financial services related to the sale of a virtual currency.
PCS does not constitute a regulated product or emoney in the European Union. Please note that you may not be able to recover any monies paid for PCS in the event that the Paiblock Coin Economy (PCSE) fails to materialize or where Paiblocks business fails.
This Whitepaper is meant to provide more information on the PCSE and functions of PCS, and does not constitute a prospectus or offer document of any sort.
This Whitepaper does not constitute or form part of any opinion or any advice to sell, or any recommendation or solicitation of any offer to purchase PCS nor shall it or any part of it or the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.
No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of PCS and no virtual currencies or other form of payment is to be accepted on the basis of this Whitepaper.
Any agreement between PCS and you as a recipient or purchaser, and in relation to any airdrop, sale or purchase of PCS is to be governed by a separate document setting out the terms and conditions (the T&C) of such agreement. In the event of any inconsistencies between the T&Cs and this Whitepaper, the T&Cs shall prevail. Your eligibility to receive, purchase or sell PCS on virtual currency exchanges, is subject to your compliance with their respective terms and conditions.
No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted.
No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section and the section titled IMPORTANT NOTES at the back of this Whitepaper.
PLEASE READ THE SECTION TITLED “IMPORTANT NOTES” AT THE BACK OF THIS WHITEPAPER VERY CAREFULLY.
1. Paiblock
Paiblock was established in 2011, to build a blockchain based and AI powered payment and digital lifestyle platform that allows consumers to gather and connect all the dots of the digital life in one secure place.
Over the years, Paiblock has become a collection of brands that have emerged, at the intersection of AI and Blockchain, the largest of which is blockIDs.
Paiblock’s long term strategy is to continue to refine all brands to reflect this long journey, and to drive customer acquisition and retention collectively and synergistically across all brands.
Paiblock is built on four pillars: a highly personalized customer experience, a robust and secure digital environment, an easy to use app, and an engaging user journey from start to finish, making it easier and convenient to interact with banks, stores and governments in a way that is seamless, social and secure.
2. PCS Coin Economy
PCSE Principles
The PCS project was launched to create a coin economy that regular people around the world would actually like and use in their daily lives. But to achieve mainstream acceptance, there is a need to address issues plaguing existing cryptocurrency ecosystems namely investor-centric ecosystems, unstable coins economies, and UX/UI issues. PCS is solving these issues by building an ecosystem that is accessible for all, based on strong and equitable distribution of wealth and driven by four principles:
a. Rewarding Contributing users
The PCS ecosystem aims to share growth between users and the ecosystem as a whole by rewarding contributors based on how their actions create value in the Paiblock ecosystem.
b. Balanced Economic Model
PCS main goal is to help create a balanced and interconnected ecosystem that can benefit both users and society at large. PCS will serve as the main currency for our dApps as well as the platform within the ecosystem, creating economies of scale through the integration of both systems. As the ecosystem and user demand grow, supply will expand correspondingly to match the growing demand, ensuring the entire economy remains balanced.
c. A Utility Token for Everyone
Creating an ecosystem that is easy-to-use for everyone. With Paiblock’s long and successful track record in UX design, operating a service that millions of people around the world use as part of their daily lives, we are able to bring a rich and practical know-how to the PCS UX. We are already providing dApp developers with an outstanding technology-based platform and toolkit so that both tech-savvy and beginners can freely implement their ideas.
PCS
PCS is the general-purpose base utility token for the PCS ecosystem, and it represents the connection and cooperation between participants as well as the synergy created by them. The ticker symbol for PCS is “PCS”, and its logo image is as follows:
3. PIECE dApp Ecosystem
DApps are the key to circulating and promoting the use of PCS in the Paiblock ecosystem, and their growth is a critical driver for the ecosystem in general. The Paiblock ecosystem utilizes the following system to attract more dApp projects and nourish the overall ecosystem.
a. Reward dApps
The Reward dApps are all dApps contributing to the growth the PCS ecosystem by introducing functions within the service that use PCS, as well as allocating the PCS required for user rewards from the PCS Foundation. Reward dApps facilitate the PCSE by offering PCS to ecosystem participants as a reward and create the market for PCS. Reward dApps can be either developed in-house by Paiblock or by third-parties and selected through a screening procedure.
b. General dApps
General dApps refers to non-Reward dApps that participate voluntarily in the PCS ecosystem, offering PCS-based services. In the Paiblock ecosystem, individual developers will be able to develop PCS based dApps easily using PCS Developers (API), a Web3 development toolkit that allow developers to adopt blockchain features and develop dApps.
c. Support Programs for dApps
To further expand the PCS dApp ecosystem, the PCS plans to offer a wide range of support programs. It will select promising dApp developers that demonstrate great potential to contribute to the Paiblock platform and promote the use of PCS, providing them with comprehensive support for integrating with the ecosystem. Support programs will include financial aid, technical support for the use of Paiblock Developers tools, and consultations regarding the coin economy.
d. PCS Distribution: Contribution Mining
Distribution is based on a fair and equitable distribution of wealth to users, creators and contributors alike.
e. Fair Distribution of Wealth
Distributing PCS to the most active users as compensation for activities that contribute to the growth of ecosystem is essential for carrying out and maintaining a fair distribution of wealth . The vast majority of people around the world are still new to acquiring coins by participating in the sale of coins or blockchain creation, and have no experience hereof. Although there have been attempts to sell tokens in the fairest manner possible to a large number of investors, the main problem is yet to be solved.
The Paiblock network, allow people of all walks of life around the world, to acquire the value and authority of the PCS through contributing activities on the dApps. Thus anyone can acquire and use PCS with the service they care about, and without regard to nationality, assets or time zone.*
* Users that are from countries sanctioned by the United States, the United Nations or from countries considered as high risk and monitored by the Financial Action Task Force, or from countries where the offering of PCS is illegal, will not be able to participate in the network.
PCS Assessment System (PAS)
PAS is a system that assesses the contribution level of participants in the ecosystem to determine the amount of rewards they should receive. The current version of PAS calculates the contribution of Reward dApps with the elements including Monthly Active Users (number of Active Wallets) and transactions per dApp (Transaction Amount), etc. The contribution formula will be developed over time, updates exampled as recognizing the staking** amounts. It then determines the contributors’ PCS allocations by revising that amount according to the volume of Paiblock ecosystem activity and the contribution levels of each dApp in the ecosystem. Currently, there is a limit on the amount of allocation that one dApp can acquire in a one-month period. PAS ensures an appropriate currency supply is maintained for the network’s actual value, without over expansion, enabling the healthy growth of the ecosystem.
**Staking: The act of locking down the PCS and/or NFTs held in a wallet. PCS undergoing staking cannot be transferred to another wallet. In addition, after a user chooses to unstake PCS, a certain period is required before it can be transferred. (Feature in planning stage)
Distribution of User Reward
PCS allocated to the Reward dApps is only used for user rewards, and is paid to users according to the policy of each dApp. In order to prevent fraudulent acts that may arise in the process of reward distribution, Reward dApps must comply with the reward distribution guide set forth by the PCS. This is including but no limited to requirements for disclosing reward distribution standards and the maximum rewards allowed per user. During phase one, rewards will be channeled through the Kunstify NFT Marketplace that provides users with staking services.
4. PCS Acquisition and Use
PCS can be earned through contributions to the ecosystem. PCS can also be bought and used within the cryptocurrency exchanges that have listed PCS.
5. PCSE
The PCSE consists of a service level and a platform level:
a. Service Level
Users who employ Reward dApps receive rewards based on their contributions according to the reward policy of each dApp. dApp users will be able to acquire PCS and use them in a variety of ways, such as paying for content, engaging in ecommerce or transfers, trading items on the metaverse, or exchanging with other cryptocurrencies. PCS holders can benefit in many ways, such as exercising influence or authority within the service or receiving benefits, etc.:
I. Content
Payment for music, videos, webtoons, fiction and metaverse items
II. Commerce
Payment for products/ services, discount benefits, and cashback
III. Social
In-app payment systems and wire transfers between individuals
IV. Gaming
In-game and metaverse trading, and character improvements
V. Exchange
Payment of commissions, fee discounts, and virtual currency trading
VI. NFT
Listing and payment for digital artwork
b. Platform level
I. Transactions fees
Paiblock platform operators can charge fees for platform usage, including transaction fees.
II. Payment network
We have spent the past few years building a modern infrastructure for cross-currency settlement as an alternative to legacy international financial messaging. This infrastructure can be used by financial services at the lowest total cost of ownership. Transaction fees on the network are capped to 1 PCS.
6. Plans for Distribution
User Rewards
User rewards will be issued based on user-contribution activities to Reward dApps. The rate of user reward issuance will be determined by the growth of the ecosystem’s internal value, based on the PAS (PCS Assessment System).
Reserves
Reserves are allocated for ecosystem expansion, and will be used by the PCS Foundation for including, but not limited to, PCS ecosystem operational expenses (including, without limitation to, R&D and infrastructure expenses), dApp acceleration, marketing the Network, etc. Reserves will be issued after public announcements are made in advance through official communications channels.
The maximum issuance of PCS is capped at 1 billion. Out of the maximum issuance limit, the actual circulation amount will be determined by to the network value of PCS.
The PCS issuance limit is allotted at a ratio of 3-to-5.5-to-1.5 for the purposes of user rewards, reserves and PCSE infrastructure, respectively.
7. Technology
The PCS token is ERC 20 Standard Token deployed on Ethereum .
8. PCS Developers
Overview
The PCS Developers is a toolkit for dApp developers designed to support the seamless interaction of dApps with the PCS Network, offering a suite of utilities to help with the development and maintenance of wallet manager and block explorer, allowing dApp developers to focus more on improving the user experience, rather than hunting for quick fixes over the internet.
DApp developers can implement the coin economy conveniently with the features offered in the PCS Developers. They can also manage the coin economy efficiently using the PCS Developers web-based analytical tools, which offer a centralized method of monitoring various indicators, including transaction trends and coin distribution status. In addition, developers can receive expert advice regarding their dApp coin architecture and reward policy so that they can design and build a balanced token economy.
9. Update History
PCS White paper
Important Notes
Disclaimer of liability
To the maximum extent permitted by the applicable laws, regulations and rules, Paiblock shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you.
No representations and warranties
Paiblock does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper.
Representations and warranties by you
By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to Paiblock as follows:
– you agree and acknowledge that PCS does not constitute securities, units in a collective investment scheme, or other capital markets products each as defined by the Danish FSA, or its equivalent or any other regulated products in any jurisdiction;
– you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities, units in a collective investment scheme, or other capital markets products each as defined by the FSA, or its equivalent or any other regulated products in any jurisdiction or a recommendation or solicitation for investment and you are not bound to enter into any contract or binding legal commitment and no virtual currency or other form of payment is to be accepted on the basis of this Whitepaper;
– you agree and acknowledge that PCS shall not be construed, interpreted, classified or treated as enabling, or according any opportunity to, recipients or purchasers to participate in, or receive profits, income, or other payments or returns arising from or in connection with Paiblock or PCS, or to receive sums paid out of such profits, income, or other payments or returns;
– you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
– you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of listing of PCS, or future trading of PCS on virtual currency exchanges, shall not be construed, interpreted or deemed by you as an indication of the merits of PCS, or the virtual currency exchanges;
– the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to Paiblock;
– you are fully aware of and understand that you are not eligible to purchase any PCS if you are a person from any restricted locations as set forth in the Terms of Service (or equivalent document) of the virtual currency exchanges where PCS is listed;
– you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of virtual currencies, blockchain- based software systems, blockchain technology and smart contract technology;
– you are fully aware and understand that in the case where you wish to purchase any PCS, there are risks associated with virtual currency exchanges and their business and operations;
– you agree and acknowledge that Paiblock will not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you, including in relation to:
– any failure by Paiblock to deliver or realise all or any part of the PCS features described in this Whitepaper;
– any failure by Paiblock to list PCS on virtual currency exchanges;
– your use or inability to use at any time the services of PCS;
– any security risk or security breach or security threat or security attack or any theft or loss of data including but not limited to hacker attacks and losses of passwords or private keys;
– your failure to properly secure any private key to a wallet containing virtual currencies; and
– all of the above representations and warranties are true, complete, accurate and not misleading from the time of your access to and/or acceptance of possession of this Whitepaper or such part thereof (as the case may be).
Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of Paiblock.
Further, Paiblock disclaims any responsibility to update any forward looking statements or publicly announce any revisions to those forward looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
Please note that this Whitepaper is also only a work in progress and the information in this Whitepaper is current only as of the date on the cover hereof. PCS reserves the right to update the Whitepaper from time to time.
No advice
No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding Paiblock or PCS. You should consult your own legal, financial, tax or other professional adviser regarding Paiblock and their businesses and operations, and PCS. You should be aware that you may be required to bear the financial risk of any purchase of PCS for an indefinite period of time.
Restrictions on distribution and dissemination
The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to Paiblock. Persons who have been provided access to this Whitepaper or to whom a copy of this Whitepaper has been distributed or disseminated or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.
Risks and uncertainties
Prospective purchasers of PCS should carefully consider and evaluate all risks and uncertainties associated with Paiblock, and its businesses and operations, and all information set out in this Whitepaper and the T&Cs, prior to any purchase of PCS.
You should not transact in PCS if you are not familiar with virtual currencies of this nature. Transacting in virtual currencies may not be suitable for you if you are not familiar with the technology in which PCS services will be provided.
You should be aware that the value of PCS may fluctuate greatly. You should buy PCS only if you are prepared to accept the risk of losing all the money you put into PCS.
As previously indicated, participating dApps will receive allocations of PCS from Paiblock that are to be distributed to dApp users. Subject to dApp’s respective distribution policies, dApps may from time to time, either directly or indirectly, make large distributions of PCS to users, which could have the effect of increasing the overall supply of PCS that is traded on relevant trading platforms. It is possible that such distributions could have a negative impact on the market price of PCS, particularly if a large number of recipients of PCS engage in sales of PCS on relevant trading platforms in a short period of time. Please note that dApp’s distributions of PCS may vary depending upon each dApp’s jurisdiction or country of registration to fully comply with applicable regulations.
PCS Issuance Costs
Paiblock will, in any event, incur no costs in regard to any issuance or distribution of PCS.
THERE IS NO GUARANTEE THAT THE FUNCTIONALITIES OF PCS, OR THAT THE PCSE INFRASTRUCTURE, WILL BE DELIVERED OR REALISED. IF ANY OF SUCH RISKS AND UNCERTAINTIES DEVELOPS INTO ACTUAL EVENTS, THE BUSINESS, FINANCIAL CONDITION, RESULTS OF OPERATIONS AND PROSPECTS OF PAIBLOCK COULD BE MATERIALLY AND ADVERSELY AFFECTED. IN SUCH CASES, YOU MAY LOSE ALL OR PART OF THE VALUE OF PCS. IN THE EVENT THAT YOU HAVE PURCHASED PCS, YOUR PURCHASE CANNOT BE REFUNDED OR EXCHANGED.
IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).
