Without a doubt, there are some interesting and colourful projects coming to PulseChain, including coins and some that mimic some of the features that have made the PulseChain sacrifice phase so popular.
In today's video, we're going to introduce you to 5 crypto projects that will be launching on PulseChain. Some of these projects are in the sacrifice phase and you can participate. Others are already online on the Ethereum network and will be transferred to PulseChain once it is launched.                                                                                                                                 So, as usual, watch this video until the end so you don't miss any details.
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#5) - Liquid Loans
You probably already know him, as we mentioned him in one of our previous videos.
Liquid Loans is a true DEFI Loan and algorithmic stable coin Protocol exclusive to Pulse Chain.
It is a system that allows you to use your Crypto Coin that will be the mother currency of the aforementioned PulseChain as collateral (Pulse coin or PLS), to mint a new Stable coin which will also be native to that chain and known as USDL.
No counterparty risk, immutable, no admin keys, 0 interest, no repayment terms, stakers collect the fees, and more.
This Project is a Lending Protocol, it allows you to collateralized your assets. Meaning if you have something of value you can take a loan using that. This allows you to use the loan $ and spend it however you like without paying taxes because typically you don't pay taxes on loans. Once the loan is paid off you get your Assets back that was used as collateral.
Anyone may obtain liquidity anytime in an entirely permission-less manner after depositing PLS into a Vault. The deposited PLS collateral gets locked up in the Vault and allows its owner to withdraw up to 90.91% of its current dollar value in the form of USDL stablecoins.
In other words, the Vault must always maintain a Minimum Collateral Ratio (MCR) of 110%, defined as the ratio of the current dollar value of the collateral to the withdrawn liquidity.
you do not have to bring your PLS to the market to sell, and in doing so Dump the price down and ultimately lose your PLS. By taking advantage of Liquid Loans, you maintain the market price up, receive your Dollar value in stable coin USDL and your PLS can be released in the future once you repay what you received.
If you do not wish to buy out the PLS that you borrowed against, and the collateral in your smart contract has risen in value in the time since you opened it, you can continue to extract value from your smart contract wallet known as your 'Vault' in the form of more USDL.
Borrowers can repay or borrow more liquidity within the limits of the MCR whenever they wish. Within the same limit, they can retrieve their collateral. Moreover, a Vault can be topped up with more collateral as needed.
The process will involve you bringing your PLS coin to a front end DAPP where you will engage with a smart contract on the PulseChain, this smart contract allows you to use the Dollar value of your PLS as collateral to mint yourself stable coin which you take away from the table once the smart contract has been executed.
The protocol imposes a minimum debt of 2,000 USDL. Thus, Vaults can only be opened with an initial debt of at least 2,000 USDL and may never go below a debt of 2,000 USDL, unless when fully repaid and closed.
10% Discount example:
Someone took a loan for 1k
His collateral pls would be 1,1k worth when he is liquidated, he keeps his stable token usdl
That pulse in the vault is then moved to the stability providers and then usdl is burnt and replaced with the pls for every $1 usdl burn they will revive roughly $1.10 worth of pulse.
#4) - Love.io
Love.io is our second project to be launched on PulseChain.
They mention the possibility of monetising social media using likes, dislikes, shares and more. They mention them as intangible assets but don't go into detail about how this system works. What they do make clear is that the blockchain technology infrastructure offered by the Love.io protocol creates a peer-to-peer crypto-currency ecosystem monetising "LOVE" energy. In its main use cases, the LOVE crypto-currency (LOVE Token Symbol) will be used for incentivisation, engagement, cross-promotion, partnerships, micro-payments, referral fees, etc., across multiple social media channels.
From what we can gather, this project will incorporate their currency to be used in social media posts and interactions. They also have a portfolio in development called Lovefy where you can send LOVE and 87 other digital assets.
Love.io on PulseChain seems to retain many HEX and PulseChain qualities such as "Proof of Stake" technology and being able to use MetaMask to interact with Love.io with "Freemium PLS". Interesting wording there. In addition to other similar elements, there is an improved game theory, although they don't go into detail about what exactly this game theory is that they will be implementing.
To begin with, Love.io starts on the Ethereum network as an ERC-20 token during their sacrifice phase. Once their sacrifice phase is complete, LOVE tokens will be deposited into the PulseChain wallets of those who sacrificed themselves.
So, about their sacrifice phase which is currently live, 500 BILLION LOVE tokens in total will be distributed after their sacrifice phase is over.
There are 7 sacrifice phases and it started on October 25, 2021, and will run until May 30, 2022. As with the PulseChain sacrifice, the longer the phase lasts, the fewer LOVE tokens you get per dollar. Phase 1 started on October 25, 2021, and offered $1 per 10,000 LOVE tokens.
The rate drops significantly each month until it ends with $1 per 4,000 LOVE chips on May 30, 2022.
If you would like more details on the sacrifice phase, please feel free to leave us a comment.
What about NFT?
LOVE can be stored, minted in support of your favourite NFT artists and content creators. By sending LOVE in a decentralized peer-to-peer model through micro tipping and donations through wallet addresses and QR codes, new opportunities arise dedicated to solving major problems that all content creators have faced since the inception of the creator economy. Being an upcoming content creator or artist can be extremely challenging early on, oftentimes we see no support surrounding revenue.
By utilizing LOVE, artists and creators can make future promises to reward early supporters and fans with special editions, future access to fans only etc. to the wallet addresses that supported the content creator early on. This model opens up not only support to your favourite upcoming artist, but your wallet address might also become even more valuable in the future if the artist, for example, decides to create an NFT that includes specialized benefits to your specific unique wallet address. This paradigm works for any content creator; anyone can send LOVE and support an artist, content creator, streamer or political cause. An individual could even sponsor a ten-year-old soccer player in Brazil that scored ten goals on YouTube who may become the next superstar of the sport. By sending LOVE your wallet address may become worth a fortune in the future.
#3) - PulseVerse
Everyone knows the craze around crypto for the past 6 months has been the installation of NFTs and NFT marketplaces. With most of the larger ones such as OpenSea being on Ethereum and the gas fees being insanely high, PulseVerse plans to launch on PulseChain to give NFT collectors super low transaction fees to buy, sell, mint, or trade their NFTs.
PulseVerse will allow users to create NFTs on the PulseChain blockchain. Therefore, no upfront gas costs or transaction fees. PulseVerse hopes to capitalize on the Ethereum to PulseChain airdrop as most of all the NFT and creatives on that network will be copied over for free. This will give PulseVerse and other NFT marketplaces a head start in creating traffic and transactions.
In addition to this, some of PulseVerse's other features include a storefront for all sellers and users, convenient search functionality, list creation and status, auctions, ranking and favourites, and a PulseVerse wallet that will allow users to send and transfer crypto-currencies.
As avid NFT collectors ourselves, we look forward to NFT markets and NFT creators working on PulseChain.
NFT marketplaces combine a user-friendly front-end environment for displaying and trading NFTs. They must also have a well-designed back-end that supports and works with the underlying blockchain technology.
Non-fungible tokens (NFTs) are implemented via smart contracts.
Each item comes with unique metadata. This set of the specific information related to supply, provenance, and authenticity is written in smart contracts. Blockchain technology carefully protects this data.
It's simple to create a collection on PulseVerse. Once you are on the "Create" page while you are creating an NFT you can create/deploy your collection and create your NFTs under that collection.
For your custom collections, you are only able to choose one recipient for your royalties to keep the royalties standard for your collection. Once you have deployed your collection it will show up in the "Collections" section on the Create page and you can select which collection you want to create your NFT under.
POWERCITY is an ecosystem of projects designed to improve PulseChain for both the community and developers alike. All connected through its central CORE.
That central Core for POWERCITY will contribute to the socializing, developing, marketing, and launching of new DApps, services, and protocols to expand the POWERCITY ecosystem. These new components will exist on PulseChain and will expand to other chains to attract new users to PulseChain. Every new POWERCITY component that is launched will share revenues and token airdrops with the Core. Each protocol will be designed to add value to the PulseChain ecosystem in different ways.
That Core will secure and build the resources necessary to continue building infrastructure and value for the blockchain.
The POWERCITY Core will seek to generate yield through its investments to periodically buyback and burn tokens. This will allow the inflation of tokens paid to stakers to be counterbalanced by the buyback and burn process. Investing in income-producing assets, lowering the APR per rebase and extending the duration of a rebase period are all ways the treasury will work to maintain a sustainable yet competitive yield for stakers. Most importantly, the Core will fund the build and launch of new DApps in the POWERCITY ecosystem. Each new project will share its revenue, and where applicable, initial token allocations, with the Core. In some cases, participants in the Core could be airdropped tokens for a new Dapp. The details of this distribution model may change per project as best befits the needs of each Dapp.
If you want to know more about this project including its sacrifice phase, check our latest video on POWERCITY. The link is in the description.
#1) - Hedron
So, the last one on our list is Hedron.
Hedron (HDRN) is a collection of smart contracts that live on the Ethereum and PulseChain blockchain(s). Hedron builds on top of HEX to allow stakers to mint and borrow HDRN tokens against their active HEX stakes. Hedron also allows stakers to trade their HEX stakes as NFT tokens on any compatible NFT marketplace. Hedron has no admin keys and no-kill switches. Just like HEX, Hedron is completely decentralized with zero counterparty risk.
Hedron analyzes a HEX stake and allows the staker to mint or borrow HDRN based on the number of shares allocated to their stakes. If a staker emergency unstakes or otherwise ends their stake before minting their HDRN, they will no longer be able to mint HDRN against those stakes. Instanced (HSI) HEX stakes with active HDRN advances cannot End Stake until the advance is paid in full (Good Accounting can still be used). The maximum amount of mintable or borrowable days is equal to the full term of the stake.
HDRN is an inflationary token. Because the HEX share price only increases over time, HEX stakes will continually have fewer shares allocated to them. The net effect of this is that as the HEX share price increases, the amount of mintable HDRN will decrease. This is similar in effect to how "minable" cryptocurrencies increase the difficulty over time.
HDRN is minted 1:1 with a particular HEX stake's allocated amount of B-shares (one billion shares). Stakers can mint this amount once per day served within a stake. This can be done once per Hedron day, at the end of a stake, or with an arbitrary point(s) in between. Various bonuses are available that only apply to mintings, such as the Launch Phase and AMR bonuses. There are no obligations for minting, if you have a HEX stake you can mint HDRN with no risk to your stake.
With Hedron, new HEX stakes can be created and wrapped inside a single-use smart contract. This is something we call a HEX stake instance (HSI). These contracts can be "tokenized" which mints the user an HSI NFT token that can be traded on any compatible NFT marketplace and later "detokenized" to give the new owner control of the HEX stake. Instead of stakers Emergency End Staking their stakes and dumping the HEX price, they can trade those stakes to other users who wish to hold them.
Users with HEX stake instances (HSI) that are not tokenized can borrow HDRN tokens which may be highly taxed advantageously to the staker. While minting requires the staker to have served days within the stake to mint, borrowing will mint all available HDRN regardless of served days in one lump sum. HDRN advances are between the staker and contract directly, with no third parties. All payments, including premiums, are burnt by the contract. No party directly benefits from an HDRN advance aside from the staker. Bonuses do not apply to HDRN advances.
Hedron advances that go into default (90 or more days without repayment) can be sent to auction by any other user of the Hedron protocol. When another user wins the auction by being the highest bidder, they will be able to claim the HEX stake used as collateral for themselves. The original borrower can bring themselves current with their payments at any point before their advance is brought to the auction to prevent this. Hedron is designed to prevent liquidations by allowing users to pay in advance, or by allowing full payoff of the advance.
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