How to get free PLS tokens? Well, that's exactly what we're going to talk about in this video. But that's not all. If you're interested in maximizing your income from PLS tokens, you should stick around because we'll be discussing how to become a validator. Being a validator on PulseChain can earn you even more PLS tokens, so it's definitely worth exploring. In this video, we'll take you through the very simple process of getting PLS tokens and show you how to stake your tokens to become a validator. So if you're looking to get ahead in the crypto game and want to learn how to earn more PLS tokens, keep watching.
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Now, let's get started.
PulseChain has been in development for some time, and the team has recently released the final version of their testnet, called PulseChain Testnet V3.
Exploring the final version of the testnet can provide several benefits. For one, it allows users to test out the platform's various features and capabilities, without having to risk any real funds. This can be particularly useful for developers who want to build applications on top of the PulseChain network. Additionally, exploring the testnet can provide insights into the blockchain's overall performance and reliability, helping users to make informed decisions about using PulseChain in the future.
One way to explore the testnet is by using the PulseChain explorer. The explorer provides a graphical interface that allows users to view blocks and transactions on the network, as well as monitor the status of their own transactions. Users can also search for specific transactions or addresses, and view detailed information about each transaction, including the amount of PLS tokens transferred, the gas used, and the timestamp of the transaction.
To claim free testnet PLS tokens and add PulseChain to MetaMask, you can follow these steps:
The first thing to do is to go to the PulseChain faucet website, enter your Ethereum address and solve the captcha. But, before that, you must be connected to your MetaMask account.
So, you should open your MetaMask wallet and click on “Add Token”, then, enter the token address, the token symbol (tPLS) and other stuff. Once done, you validate.
Then, go back to the PulseChain faucet and click on “Request tPLS” to receive your free testnet PLS tokens.
It’s essential to wait for 24 hours before requesting another batch of tPLS tokens. This is because the PulseChain faucet has a limit of 1 request per 24 hours to prevent spamming and ensure fair distribution of tokens to all users.
Keep in mind that in order to view tPLS tokens in your MetaMask, you need to add the PulseChain testnet v3 network to your wallet. We have already shown how in another video. But it's very simple, you just have to fill in the right details. This is also a prerequisite for you to be able to utilize tPLS tokens on the PulseChain testnet v3 with MetaMask.
In summary, exploring the final version of the PulseChain testnet can provide valuable insights into the platform's performance and capabilities. Users can use the PulseChain explorer to explore blocks and transactions, and claim free testnet PLS tokens to test out the various features of the platform. By waiting 24 hours between batches of tPLS tokens, users can help ensure a fair testing environment for everyone.
Now, let's talk about something that we all overlook and that absolutely must be addressed. If you're curious, don't forget to subscribe and turn on the notification bell if you haven't already. Keep watching.
In order to ensure the network runs smoothly, validators and delegators play a key role in securing the network and processing transactions.
A validator is a participant in a blockchain network who is responsible for verifying transactions and creating new blocks. Validators must meet certain technical requirements to ensure that they can handle the demands of the network. In return for their work, validators receive rewards in the form of the network’s native cryptocurrency.
The gas fees you have to pay on PulseChain (or any other blockchain for that matter) to make a transaction are paid partly to the validators. 75% of all gas fees on PulseChain go to the validators. We pay them to verify the legitimacy of each transaction and keep PulseChain healthy and alive by producing new blocks. The remaining 25% are burnt to reduce circulating PLS supply, which encourages deflation of PLS.
Validators play a crucial role in maintaining the integrity and security of a blockchain network. By validating transactions and creating new blocks, they help ensure that the network functions smoothly and that transactions are processed in a timely manner. PulseChain relies on validators to ensure that its network operates efficiently and securely.
It’s simple, act bad and lose money. Act right, and make money and keep the chain alive.
At the moment, the network has 4,321 validators, and more than 9,148,000,000 TPLS tokens have been staked.
To become a validator on PulseChain, you need to first stake a certain amount of PLS tokens. This amount is currently set at 32,000,000 PLS tokens for testnet v3 according to the official website, but may change when the mainnet is launched. Validators must also set up a validator node, which involves setting up a server, installing software, and configuring the node to connect to the PulseChain network.
Once a validator node is set up, the validator can start validating blocks and earning rewards. However, it is important to note that validators can be penalized for not following the rules of the network, such as by creating invalid blocks or going offline for extended periods of time. In these cases, validators may lose a portion of their staked tokens as a penalty.
Delegators can also participate in the staking process by delegating their PLS tokens to a validator of their choice. Delegators do not need to set up a node or perform any technical tasks, but they do need to choose a trustworthy validator to stake with, as the validator they choose will be responsible for securing their staked tokens.
To stake on PulseChain, you need to visit the launchpad of the PulseChain testnet v3 and connect your wallet. Once connected, you can choose to either stake your tokens as a validator or delegate your tokens to a validator of your choice.
So, staking PLS tokens on PulseChain as a validator or a delegator is an essential part of the network's security and stability. By staking your tokens, you can earn rewards while also contributing to the growth and development of the PulseChain network.
The mainnet launch of PulseChain is eagerly anticipated by many in the crypto space. It is expected to provide a viable alternative to Ethereum, with lower fees, faster transaction times, and a more sustainable consensus mechanism. As with any new blockchain platform, it is important to conduct thorough research before investing. However, the potential benefits of PulseChain make it a project worth watching closely in the coming months.
With that being said, we hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.