{
  "url": "https://blockindex.ai/coin/pci",
  "name": "PayProtocol Paycoin",
  "links": {
    "github": null,
    "website": "https://paycoin.com/",
    "whitepaper": null
  },
  "dScore": 29,
  "market": {
    "priceUsd": 0.039056102628215884,
    "marketCapUsd": 41676220.98449672,
    "volume24hUsd": 449138.3422593,
    "priceChange7dPct": 1.37944395,
    "priceChange24hPct": -1.23694934
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 1900000000,
    "circulating": 1067086016.7800754,
    "circulatingPct": 56.16242193579344
  },
  "ticker": "PCI",
  "founder": "Danal; PayProtocol AG",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:16.599706+00:00",
  "fairLaunch": false,
  "launchYear": 2018,
  "description": "PayProtocol Paycoin (PCI) is a payments-focused cryptocurrency project that originated as an in-house initiative of Danal, a prominent South Korean payments provider, and was spun out into PayProtocol AG in Switzerland in September 2018. The project combines an enterprise-grade permissioned ledger history with a publicly tradable ERC-20 token instance, positioning itself as a bridge between incumbent payment rails and crypto rails. From its earliest commercial deployments the project prioritized merchant acceptance, card integration and regulatory-aware commercial rollouts, with documented merchant acceptance examples in South Korea and card issuance partnerships via a Swiss neobank partner (SR Saphirstein AG / Fiat24). The organization structure is company-led: PayProtocol AG operates as the legal entity responsible for the project while Danal is credited as the original originator and contributing organization.\n\nTechnically, PCI’s architecture reflects its hybrid origins: core transactional systems and enterprise deployments leverage Hyperledger Fabric (a permissioned, BFT-style enterprise framework) for private, high-throughput, permissioned settlements, while a public ERC-20 token instance exists on the Ethereum ecosystem to provide liquidity, market visibility and tradability for token holders. The public token is referenced on major market data sites and token trackers, and the project documentation emphasizes features necessary for payments use cases — merchant settlement, card top-ups and integrations with legacy rails like SWIFT/SEPA/IBAN. The permissioned ledger approach reduces exposure to traditional public-chain consensus and mining models and instead relies on permissioned node governance and enterprise identity controls.\n\nIn terms of use cases and adoption, PCI is explicitly built to enable real-world payments: consumer card top-ups, merchant settlements, and integration with popular mobile wallets (Apple Pay, Google Pay). The project has pursued commercial launch activities in South Korea and regionally (Southeast Asia via partnerships) and recorded a regional exchange listing and partnership in Uzbekistan (UZNEX + Okto Bank) in April 2025 that was highlighted in source material. Issuance of Mastercard-branded debit/crypto card products through a Swiss banking partner is documented as a key commercialization vector. These real-world integrations underpin the token’s primary utility as a payments instrument rather than a speculative protocol token tied to on-chain consensus incentives.\n\nTokenomics and supply metrics are straightforward in available sources: a stated max supply of 1.9 billion PCI and a circulating supply reported at ~1.061 billion PCI (~55.85% of max). Market snapshots in the provided materials show PCI as a small- to mid-cap utility token with a price snapshot at $0.06746, a market capitalization reported around $71.59M, an all-time high near $4.20 (Feb 17, 2021) and an all-time low near $0.01834 (Sep 24, 2023). Explicit premine or formal PIP percentages are not documented in the provided files; absent explicit allocation statements the non-circulating portion of supply should not be treated as a confirmed premine without project documentation. The project does not publicize on-chain monetary policy or inflation schedule in the scraped materials.\n\nGovernance and organizational control are company-centric rather than DAO-driven: PayProtocol AG is the named corporate operator and no on-chain governance, token-voting DAO or community treasury mechanism is documented in the provided sources. There are no reported security incidents or chain freezes in the supplied materials. Important gaps remain in publicly available technical metadata (token decimals, chain ID for token instance, explicit premine/PIP allocations) and in developer transparency (no authoritative GitHub or public code repository referenced in the extracts). The overall profile is of a regulated, company-operated payments token that leverages both permissioned enterprise blockchain technology for business rails and a public ERC-20 token for market access and liquidity.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 13,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}