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Are you looking for where to buy PulseChain (PLS)? Trying to figure out how to buy PulseChain? Continue reading to get to know how to do this.
PulseChain is a hard fork of Ethereum, which means that it inherits all Ethereum address balances like ERC-20 tokens, NFTs, etc. All Ethereum smart contracts get copied to PulseChain, where they can benefit from high performance and cheap gas fees. PulseChain block time is 10 tps while that of Ethereum is 12-15 tps. The testnet has been running for months and has been upgraded several times. On May 13, the PulseChain mainnet was finally released.
The snapshot occurred on May 10th and whoever did anything on Ethereum after this date can’t see these actions reflected on PulseChain. Everything before that date was copied over to the new chain.
Users can check the state of their PLS coins in the sacrifice checker. On the same page, they can also check the status of their token balances.
The sacrifice phase
The sacrifice phase during which people could send certain types of cryptocurrencies to sacrifice addresses started on July 15, 2021, at 4:50 UTC and ended on Oct 13, 2021, at 4:50 UTC. People were given points for every $1 sent. The number of points depended on the time of sacrifice.
Amount of PLS for $1 sacrifice = 10,000 ÷ (1.05^number of days after July 15, 2021) where ^ means “to the power of”.
This means that about every 20 days after July 15, 2021 the amount of PLS potentially airdropped at PulseChain launch for $1 sacrificed decreases by about 2/3
- Day 20 = 3773 PLS for $1 sacrifice
- Day 40 = 1420 PLS for $1 sacrifice
- Day 60 = 535 PLS for $1 sacrifice
- Day 80 = 201 PLS for $1 sacrifice
- Day 100 = 76 PLS for $1 sacrifice
- Day 200 = 0.58 PLS for $1 sacrifice
- Day 300 = 0.0044 PLS for $1 sacrifice.
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.
How to connect to PulseChain
Upon connection, you will see the state of your balance but if you had some tokens on Ethereum that aren’t visible, you’ll need to add manually these tokens to your MetaMask.
How to get PLS coins
Anyone who participated in the sacrifice phase almost two years ago can see PLS on chain. Those who didn’t participate got an airdrop of 1 PLS for each 1 ETH held in their wallet.
The airdrop includes only tokens held on all non-custodial wallets like Metamask, Ledger, Tresor, etc. at snapshot time. People who hold Ethereum tokens on exchanges like Binance or Coinbase are excluded. Coins on Mt Gox and some spam coins are also excluded.
Pulse Ramp is the bridge connecting Ethereum with PulseChain. People can exchange ETH for wETH and vice versa. The issue is that if someone didn’t sacrifice for PulseChain or you didn’t have lots of ETH before the snapshot, you can’t unwrap wETH to exchange it for another token because you don’t have PLS to pay for the gas of your unwrap transaction.
There is a faucet at PLS Faucet or freepulse.io dispensing free PLS to the people, but the amount may not be enough to make a transaction straight away, and accumulation may be necessary. They often run out of PLS too.
Gas Bridge is another solution for getting PLS. It allows people to put their ETH in an escrow contract and to get PLS on PulseChain. It also works in reverse for people who already have PLS.
When PulseChain launched, community members were sending PLS to each other and to new people to be able to make a swap to exchange other tokens for more PLS.
It’s already possible to buy PLS on the open market. The coin is listed on exchanges like OKX and Kanga. People can deposit and withdraw deposits on both exchanges. Check if your country is eligible before depositing any funds on these fiat on-ramps though.
Hello @RichardHeartWin ! We are extremely proud to announce that we have just started to support #PulseChain !— Kanga (@KangaExchange) May 26, 2023
On Monday, we will launch #PLSX/USDT trading as the first #CEX in the world, and, at the same time, we will be the first to launch #PLS/oPLN trading
But that's not all!… https://t.co/IM8dc1Eozk