What's up, everyone? We have another great project for you today, the name is Khaos Verse. This is another project built on PulseChain. It's very similar to some of the other projects we've covered before, but there are a few things that are very different and there's a lot of potential behind this project that could explode when PulseChain launches. So, in this video, we're going to go over the project, talk about its growth potential, and tell you whether or not it's a good investment. Watch this video all the way through to make sure you don't miss anything.
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For those of you who don't know, PulseChain is coming, there are already over 120 projects that will be launched on this new blockchain and there is so much going on in this space.
On this channel, we're going to cover each of these projects so that you're well informed about all of these projects to help you decide whether or not you want to get into some of these projects. Keep in mind that this is not financial advice. This video and most of the videos on this channel are for education and entertainment purposes only.
Today, we're going to talk about this new project called Khaos Verse.
In a fast-growing lineup of PulseChain projects and tokens comes KhaosVerse.
KhaosVerse was created by PulseChain investors to bring you the new decentralized exchange platform in Crypto. From bridging and swapping to trading NFTs, KhaosVerse has it all.
Their goal is to make it as straightforward as possible for investors, experienced or inexperienced, to accomplish all of the above and much more.
Born out of a consortium of crypto developers, designers, marketers, and crypto enthusiasts comes an ambitious project that aims to be a bridge, swap, and liquidity provider for those using the PulseChain network and holding the Pulse PLS token.
Some background on their team is that they are comprised of developers, marketers, content creators, and designers among other titles, and needless to say, they are a rather large team. Not necessarily a bad thing for such a large and ambitious project.
Now into the main event: KhaosVerse the project: Khaos Bride.
One of the largest hurdles for any new crypto network is finding or building a bridge for assets on other networks to be carried over to the new network. KhaosVerse plans on doing exactly this from the Ethereum Network onto PulseChain.
The idea of a bridge is to say that you are, for example, on the Ethereum blockchain, and you want to take certain crypto and send it to the PulseChain blockchain. What the bridge does is it takes the token that it puts on the bridge and copies it to the new blockchain and it keeps the original token on the bridge in limbo. And you can go on, do exchanges, do transactions, and let's say you want to go back to the original blockchain, then you can transfer that token to the bridge, and then that original token will be released and sent back to the next blockchain. That's how it works and it's a really good setup it's one of the things that are really useful in cryptocurrency and also helps new blockchain ecosystems explode, especially if you can take any crypto and send it to PulseChain.
Regarding the status of this part of their project, we hope to have it online by the time the PulseChain network is launched.
On top of building a bridge, they also plan "Khaos Swap" which will allow users to find liquidity pairs to the swap in exchange for a percentage of transaction fees generated by users trading the assets provided.
It will be a decentralized exchange. It's going to be like PulseX and it's going to be another place where users can go and swap for others or tokens in the ecosystem. And one thing that's very important in a blockchain is to have multiple decentralized exchanges because there's going to be a chance that some of these exchanges are going to have problems, they're going to be slow or there's going to be a lot of traffic going through them. And if you have multiple decentralized exchanges, then you'll have a good incentive for competition, for development. So, it's really great to see another avenue for a decentralized exchange.
And the best part is that if you bring in liquidity, you're going to get a daily payment, like an Apr. And so, what they're planning on doing is taking that daily payment, which is usually taken from the transaction fees, and they're going to give it to charity.
Khaos Swap is currently under development and they will adapt it as needed. Founded within the Pulse Network, their plan is to build and test the swap within the Pulse Network Test-net.
This means that they will be ready to fully deploy the swap the day PulseChain goes live for the world and as a result, those that want to provide liquidity and take advantage of the early hype traffic will have ample opportunity to.
According to their white paper, “First investors who want to provide Liquidity Pairs to the swap in return for a % of transaction fees generated by users trading the assets provided.
On the other side of that they will be providing a platform to those coming into Pulse Network with tokens that they may want to swap or trade for something else and thanks to their users providing LP there will be the means for them to do so.
They are creating opportunities for those who want to benefit from providing service, as well as serving their share of a new market.”
They also have plans to get into the NFT market on PulseChain, more details to come at a later date in another video.
Of course, like most of the projects built on PulseChain that we've covered on this channel, you'll have the option to stake your tokens to earn passive income. The difference is that the annual interest rate will likely be high with daily returns that you can compound with Pulsechain or Khaos tokens. And since it will be built on PulseChain, you can be sure that the transaction fees will be very low compared to the fees of other projects that are on other blockchains like Ethereum. Ethereum has a lot of interesting projects, but due to the high transaction fees, it is hard to really gain anything with these projects. However, with PulseChain, it's pretty much inevitable. Not only will the fees be low, but the transactions will be faster. So, you can say that Khaos has chosen a very good blockchain to start with.
What will be even more interesting is that the Khaos bridge will make trading easier. Even if you plan to use a non-network native asset. In that case, you'll just have to deposit it here, on this DEX, and it will take care of issuing you a kTOKEN that will be burned when you return the original token to the bridge. That's how it works.
The project will definitely benefit from the strong community behind PulseChain. And at the time of this recording, a sacrifice phase is underway and according to what we discovered, nearly 800 unique wallets have already been sacrificed for this project. And the total amount sacrificed is over $264,000. This shows that many people are very optimistic about this project. And for all the reasons we've seen from the beginning, especially the new DEX built on PulseChain, the Bridge, and others, this project has the potential to be an interesting project to invest in.
Now, do you think this project can succeed? Share your thoughts with us in the comments section below.
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