PulseChain, From Zero to the Moon?
Everything starts at Zero! This has been a declaration since the inception of the idea of PulseChain. No price. No pre-evaluation. No tax events. Absolutely no expectations. But what does zero mean in the context of pricing and more importantly Pulse and the new “PRC” coins that are forked at launch? We are going to touch on what this means as well as AMM and liquidity pools in today's video. Be sure to watch this video all the way through so you don't miss anything.
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When we say “everything starts from zero”, it doesn’t mean that they all have zero value, it more accurately would be referred to as “no price”.
Actually, pools make the prices of crypto. But what does this mean in concrete terms?
To clarify the upcoming discussion, let's take an example.
Let's say Hex is $0.50. Is there anywhere you can put in $0.50 and get a Hex token back? No. Because Hex isn't $0.50, it's in a liquidity pool paired with USDC at a ratio of 2:1, and from that pool, we derive a price of 50c for HEX. USDC is valued at $1, you can swap it for two HEX, so we value Hex at 50c.
Liquidity pools are smart contracts that hold assets. It enables trading one cryptocurrency against another without having to find someone ready to give me the token that I want for the token that I have. Liquidity pools enable crypto trading in an automated way. Each token can have many pairs: HEX to USDC, HEX to ETH, and more. In fact, blockchains don’t know what dollars are.
The Uniswap or DEX's smart contract doesn't know we have these fiat values associated with it. It is just running the pools and handling transactions. When we have these pools forked onto PulseChain, the ratios described above will be maintained. So, if Hex is 50c as in the example above, Hex on PulseChain will be paired with pUSDC at the same 2:1 ratio. These pools will allow trading the exact same way we do on Ethereum currently. It doesn't matter that we value them all at zero, the blockchains don't know in the first place. That's how it works. Ratios give us a starting point for trading.
Note that we prefix the token name with a “p” in this video to simplify the explanation and get the point across. It will not actually be added to the token’s ticker on PulseChain. It will just be USDC on Ethereum and USDC on PulseChain. Basically, the fork tokens more commonly have the "p" as a prefix. But that doesn't mean it's a different crypto. It's the same crypto, but on the PulseChain blockchain. For example, HEX is currently on the Ethereum blockchain, but when it is forked onto PulseChain, it will be called pHEX. And it will be the same for the other cryptos.
By the way, if you want to take part in the biggest airdrop in the PulseChain ecosystem, be sure to check out HPX.
This is an NFT marketplace on PulseChain that is like an enhanced version of OpenSea, with a native token designed to really increase its value and help PulseChain, PulseX, and pHEX. Their goal is to help populate the Pulse network in the NFT space. The most amazing thing about this project is the commission they pay to all HPX token holders for every transaction that takes place on their platform. In fact, by the end of PulseChain's airdrop, over 20,000,000 NFTs will be available on the HPX marketplace. So, you'll find all your favorite NFT projects here. The advantage is that they have the lowest commission of all NFT marketplaces.
And they have some of the best tokenomics in the entire PulseChain ecosystem. Thanks to their efforts, PulseChain will be officially listed on the first Kanga exchange, along with their own HPX token. The sacrifice phase is officially open and they're offering an extra 15% coins if you sacrifice now. So be sure to check out their website for more details. The link is in the description.
Now, what is everyone waiting for, what is the first price other than zero? That price for Pulse and every… single… PRC… will come from a single liquidity pool.
The first LP that ties the Pulse coin to anything that currently has USD value (likely USDC or ETH) will give pulse its first USD price based on that ratio. Now what is really mind-blowing, is that since Pulse has a USD price, all the PRC have a USD price as well based on their ratio on Pulse. This first LP will cause a waterfall of value across the entire chain with likely BILLIONS of values appearing in a single instant.
PulseChain testnet v2b is live with validator rotation, registration, and staking. Users can connect MetaMask to view a copy of all their ERC20 tokens. This is the third version of the testnet. And now that Richard Heart has said that PulseX is ready, and PulseChain is almost ready, he will soon release the latest version of testnet v3 and it will remain the mainnet of PulseChain. PulseChain block explorer is available on testnet, staking and bridging mechanisms are working, and trading on PulseX exchange is ongoing.
People who participated in the sacrifice phase of PulseChain did this to prove a political act of how strongly they feel that blockchain is free speech and that free speech is a civil right. They also admit to not expect anything from this act but have heard that the founder(s) of Pulsechain have planned to give an airdrop. But you already knew that.
And, people who did not participate in the sacrifice phase will be airdropped PLS directly to their Ethereum address for every 1 ETH held at snapshot time. All ERC-20 tokens will get copied and sent in an airdrop. Airdrop will include all non-custodial wallets like Metamask, Ledger, Tresor, etc. but, likely, people who hold Ethereum tokens on exchanges like Binance or Coinbase will be excluded. Coins on Mt Gox and some spam coins will also be excluded.
No one knows what will be the price of PLS tokens 1 week after launch. For now, there are just speculations about its potential success. However, based on many factors, it is estimated that its price will be multiplied by 100 in the first week of its launch. Once the mainnet launches, you will be able to buy PLS tokens directly from PulseX as well as PLSX tokens. It’s unknown on which other exchanges PLS will be traded first. It can be assumed that PulseChain may be launched anytime from now on, and getting tokens out of the exchanges and leaving them on-chain ready for a snapshot should be the priority. Only the tokens that are in user wallets will get copied to PulseChain. The exchange may or may not honor the airdrop. The bridges to Ethereum will be open a day or two after the mainnet launch.
Now, do you think PulseChain will explode from the first week after its launch? As usual, share your thoughts and opinions with us in the comments section below.
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