Pulsechain is a new blockchain-based cryptocurrency with much lower gas fees than Ethereum.
May 30th 2022
PulseChain
PulseChain is a “Complete Fork” of the Ethereum Network. It takes the best attributes from Ethereum, and improves upon its deficiencies. It aims to have faster transaction speeds, lower transaction fees, and more efficient than Ethereum.
Since it is a “complete fork” it will copy every token, NFT, and wallet address that exists on Ethereum and made available on PulseChain. There is one exemption however, Ethereum will be converted to PulseChain’s native token, PLS. The conversion will happen on a 1:1 basis.
PulseChain’s native token is PLS. Traders will be allowed to redeem PLS on a 1:1 basis with Ethereum. The use cases for this coin are as follows:
Staking: Users can stake their PLS coins and earn rewards while doing so.
Liquidity providing: Users can also provide liquidity in DEX’s by paring their PLS coin with another one. Users will earn transaction fees that is proportional to their entire contributed staked amount.
Fees: Users use PLS for any transaction fees that may arise due to trading on the blockchain.
Since this is a complete fork of the Ethereum Network, everything in Ethereum will copied and airdropped to holders. This will be the biggest airdrop of all time. There are two methods to qualify for this airdrop.
Method 1: Hold erc-20 tokens or NFTs on the Ethereum blockchain. It is that simple! Anyone who holds in their non-custodial wallet erc-20 or NFTs will receive a 1:1 copy of their tokens on PulseChain. For instance, if you own Shiba Inu, Chainlink on Ethereum then you will receive the equivalent amount of those on PulseChain and will be named as follows Shiba Inu → P Shiba Inu, Chainlink → P Chainlink and so on. Make sure to have your tokens outside a centralized exchange or else you may have to beg them to give you airdropped tokens on PulseChain.
Method 2: Whoever “sacrificed coins” or donated to the SENS foundation. A large amount of tokens were “sacrificed” for this project. Several billions to be exact. How does it work exactly? For every sacrificed coin, individuals will get back a certain amount of “sacrificed points”. The points decreased every day. On the first day, if you sacrificed $1 worth of coins, you will receive 10,000 “sacrificed points”. For every sacrificed point, 1 PLS will be minted and aridropped to your wallet.
PLS will be the native token for PulseChain. The PLS supply will be inflated by 10,000x by the time of the forking. The extra supply will be distributed to the users who sacrificed during the “sacrficed phase”. As for the total supply it is not known yet what it will be.
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