pTokens are digital assets that are transparently pegged to another underlying asset. pTokens serve as a Cross-Chain token wrapper that allows users to more easily transfer value between different blockchains. Users can deposit a certain amount of the underlying asset (such as BTC or EOS) and request the equivalent pTokens that are pegged to them 1:1, such as pBTC or pEOS. Token holders can then take advantage of the Ethereum network by more easily exchanging them into ERC-20 tokens.

PCHAIN is developing a multichain ecosystem that will support the Ethereum Virtual Machine (EVM).PCHAIN's architecture will consist of one main chain and multiple child chains. They hope to improve transaction times with a Proof-of_Stake consensus mechanism that will be combined with sharding.. The PCHAIN network is currently powered by the Ethereum-based PAI token.