Hey guys, we have some big news to share with you today on PulseX. We know many of you are looking forward to the launch of PulseX, but if we tell you that something cooler is coming to the PulseChain ecosystem, then what do you say? Well, in a video we shared a long time ago, we mentioned Richard Heart's portfolio that will replace MetaMask, and today we're going to tell you why this project is a must-have, because, everyone can benefit from it and we're going to tell you how. You won't believe it if we tell you that it will do better than PulseX.
So, watch this video all the way through so you don't miss any details.
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So, in the previous video that we did on this new wallet that Richard Heart is creating, we said that Richard Heart didn't mention that this wallet will come with a governance token, but imagine that it's possible and this wallet comes with that token? Well, we are not sure yet, Richard Heart himself said that he did not feel the need to create a new token for this wallet. But some recent tweets suggest otherwise. In our opinion, there will be a token for this new metamask. And if like PulseChain and PulseX, it moves into a sacrifice phase, it will be another great way to multiply your wallet exponentially.
Because the potential of this token is huge, and for that alone, there's a good chance Richard will create it. And besides, we think this token will be better than PulseX. It depends on how he builds it. But it has a lot of potentials. If you're curious about how to keep watching this video.
You know what? If you liked the video, you should probably leave us a "Like" and share it if you haven't already. Now, we're going to show you this amazing information about the potential of the wallet and the coin and what we can expect to see in the sacrifice phase potentially.
Let's start by looking at Metamask.
MetaMask is a cryptocurrency wallet that allows users to exchange and store any Ethereum-based ERC-20 tokens. MetaMask makes money from swap fees, management fees, as well as by selling merchandise via its online store. MetaMask has risen to become the world’s leading Ethereum wallet. Now, it is used by more than 21 million people across the world.
MetaMask was launched almost two years ago, in October 2020. So MetaMask Swaps, the built-in DEX aggregation service, was added to the desktop extension. For the first six months, they didn't do much volume with the swap feature. This is understandable because it wasn't known and didn't even have the community that PulseChain has today. But then they started raising money. And guess what? While no one was looking, Metamask started raising, making over $100,000 a day in fees. That was just the beginning. Sure, the numbers are bigger now, but that's just an idea of what we can expect if Richard Heart has to make a sacrifice coin for a wallet that won't be just a lesser token.
The majority of the revenue that MetaMask generates comes from the swap fees it charges.
What you don't know is that MetaMask was making about $170,000 a day with only $20 million in trading volume. And that was a year ago. The data shows that in January 2021, over 100,000 unique accounts executed 236,000 swaps in MetaMask. That's just a small fraction of the 1.3 million accounts that interact with DeFi protocols.
That number has evolved.
And during the year 2021, they earned over $17 billion. Now, if you do the math knowing that MetaMask's 0.875% fee is almost three times higher than the decentralized exchange Uniswap's 0.3% fee, we'll have 17 billion times the service fee, or 0.875% per exchange. They simply take that amount out of what you exchange. The fee itself is automatically baked into the quota of a trade which also includes gas fees.
If you exchange $5,000, you get $4956.25.
So, $43.75 will be taken out. That explains the crazy amount of money they make. Now, do you want to know what they do with that money? They generate what they want, they turn it into Ethereum. And since they've done that, the revenue they've made since Ethereum has appreciated is $350,000,000.
Basically, they're making over $700,000 in revenue per day. Now, imagine that Richard Hart's token has similar tokenomics to PulseX buy and burn and he uses that revenue to buy his stock of tokens on the market and then burn them. So, what you would see is that potentially we're just going to take the lower number. $500,000 per day of buying pressure for that coin.
Another really interesting thing is if you have $10 million in liquidity for the token that's attached to the wallet, and the trades are $200,000,000, let's say that's just a market order instead of spreading it out over time and assuming buying and selling.
Now, imagine you put 20 times the liquidity as buying pressure, then you have to square that number. So since $200,000,000 is 20 times million, 20 times 20 is 400. So, the price of the portfolio token will make 400X. If no one was buying, just self-purchasing revenue, that would drive up the price of the coin in their wallet.
That's why we think it will be very interesting because even if no one buys or sells, the price will continue to inflate. So even if no user wants to buy it, it is bought by everyone who makes these exchanges and causes the purchase and destruction.
Of course, you think PulseX can do better than that. But if we're doing a billion a day in volume, that's more than Metamask is doing. But, let's face it. Richard's new wallet will do better than Metamask, especially since it will be cheaper and can be used without any restrictions. That's what will drive people crazy about this wallet. Now you have an idea of what this token could do. It will depend on the volume of transactions. And Richard Heart has a plan for that. So, the fundamentals of this token are very strong, and for that reason, it's a safe coin to hold because you know what it can do. Even half the cash we used in our calculation can do a lot of X. And it's very possible. That number is realistic. We are growing so fast. DeFi trading is the future and you can implement it in trading through the swaps protocol.
So, guys, do you still think PulseX will do better than this token of this new portfolio from Richard Heart? Let us know in the comments.
And if you want to know more about pulse ecosystem and Richard heart projects, we have created a full playlist on this, with over 50 videos that you can watch right now, we will leave the link in the description..
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