What's up everyone? We have an exciting project to share with you in today's video. It's called PoolSea. PoolSea is an exciting new project in the crypto space that promises to revolutionize the way we use and interact with cryptocurrencies. It is built on the PulseChain network, which is already making waves in the industry thanks to its advanced features and lightning-fast transactions. But PoolSea takes things even further by offering a comprehensive suite of tools and services, including a decentralized exchange (DEX), staking pool, NFT marketplace, and stablecoin. This makes it the ultimate one-stop-shop for all your crypto needs. Plus, with the largest airdrop in the PulseChain ecosystem, PoolSea is set to become a major player in the world of cryptocurrencies. Although we've covered this topic in the past, in today's video, we'll delve deeper into the unique aspects of this project that make it stand out from the rest. Specifically, we'll be discussing how you can earn up to 20% APY without being bound by any lock-in periods or staking requirements, all while maintaining full control of your private keys.
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Now, let's get started.
PoolSea is a decentralized finance (DeFi) ecosystem that offers several financial services, including staking, NFT marketplace, stablecoin, and liquidity pool. The platform leverages blockchain technology to provide its users with an open and transparent financial ecosystem, which is secure, efficient, and accessible to anyone with an internet connection.
One of the essential features of the PoolSea ecosystem is its native token, the POOL token. POOL is an ERC-20 token that powers the PoolSea ecosystem and serves several purposes. Firstly, it is a governance token that allows POOL token holders to participate in the decision-making process of the platform. POOL holders can vote on proposals, such as changes to the protocol, new features, or network upgrades.
Additionally, POOL is also used as a reward mechanism for liquidity providers in the platform's liquidity pools. Liquidity providers can stake their tokens in the platform's liquidity pools to earn transaction fees and POOL tokens as a reward. The more liquidity a provider contributes to the pool, the more POOL tokens they receive as a reward. This incentivizes users to provide liquidity to the platform, which enhances the overall liquidity of the platform.
Moreover, POOL is also used as a utility token within the platform's ecosystem. Users can use POOL tokens to pay for transaction fees, access exclusive features and services, and participate in the NFT marketplace. The POOL token's utility value ensures that there is always a demand for it within the ecosystem, which can potentially drive up the token's value.
The most interesting feature of the PoolSea ecosystem is its staking mechanism.
PoolSea offers a staking pool where users can stake their PLS tokens and earn rewards without any locking period or staking requirements. Users hold their own keys, which means they maintain control of their funds at all times. This staking pool is designed to be user-friendly, allowing anyone to participate and earn rewards.
There are different staking pools available on PoolSea, including the main staking pool and the NFT staking pool. The main staking pool is where users can stake their PLS tokens to earn rewards. The NFT staking pool is where users can stake their NFTs and earn rewards in PLS tokens. This unique feature allows users to earn rewards on their NFT holdings, creating additional value for their investments.
The rewards and incentives for staking on PoolSea are attractive, with an APY of up to 20%. The staking pool operates using a tokenized validator system, which means that stakers are represented by tokens that are used to validate transactions on the network. The more tokens a user stakes, the more weight their validator carries and the more rewards they earn.
PoolSea also features a thriving NFT marketplace, where users can buy, sell, and trade unique digital assets.
On the PoolSea NFT marketplace, users can find a diverse range of NFTs from talented artists and creators around the world. The marketplace is accessible to anyone, and creators can easily list their NFTs for sale.
One unique feature of the PoolSea NFT marketplace is the ability for creators to earn ongoing royalties from the sale of their NFTs. When an NFT is sold on the marketplace, a percentage of the sale price goes directly to the original creator, even if the NFT changes hands multiple times in the future.
Additionally, the PoolSea team is constantly working to enhance the marketplace with new features and capabilities. For example, they recently introduced the ability to trade NFTs directly on the platform, without having to go through an external exchange.
One interesting aspect of staking on PoolSea is the profit-sharing model. Pool stakers earn 7.5% of the yields generated by other stakers in the pool, incentivizing them to invite others to participate and grow the staking pool. This creates a sense of community and encourages users to work together to build a strong and profitable ecosystem.
Overall, the staking pool on PoolSea is a great way for users to earn passive income on their cryptocurrency holdings while contributing to the security and growth of the network. With attractive rewards, a user-friendly interface, and a profit-sharing model, staking on PoolSea is an attractive option for anyone looking to earn more from their cryptocurrency investments.
Whether you're looking to buy, sell, or just browse, there's something for everyone on this dynamic platform.
On PoolSea, the stablecoin available is called GOL, which is unique in that it is not pegged to a third-party asset like gold or the US dollar. Instead, GOL is generated by using other cryptocurrencies as collateral, making it more secure and decentralized.
The process of acquiring GOL is relatively straightforward. Users can deposit Pulsechain (PLS), Ether, pHex, eHex or staked Pulsechain (stPLS) in a smart contract and borrow against the value of their deposits to receive newly generated GOL.
One of the key benefits of using a stablecoin like GOL is the low volatility it offers compared to other cryptocurrencies. This makes it an attractive option for investors and traders looking to reduce their exposure to market fluctuations. Additionally, because stablecoins are typically pegged to a fiat currency like the US dollar, they are often easier to use for day-to-day transactions and trading.
The value of GOL is maintained through a system of smart contracts and collateralization. The dollar value of GOL is backed by the gold ounce value of the underlying collateral held in the PoolSeaDAO's smart contracts. This allows PoolSeaDAO to regulate the amount of GOL in circulation and ultimately its value.
PoolSea DAO's GOL system also incorporates an interest fee, which helps to regulate the supply of GOL in circulation. Holders of the POOL governance token are able to vote on changes to collateral types, minimum ratios, and interest rates, which gives them a say in how the GOL system operates.
Overall, the stablecoin offered on PoolSea, GOL, provides a secure and decentralized option for users looking for a stable cryptocurrency. Its unique collateralization system and incorporation of interest fees help to ensure the stability of the currency and offer users a way to participate in governing the system through POOL governance tokens.
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Thanks for watching, guys. See you in the next one.