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The crypto space has seen tremendous innovation when it comes to digital wallets, but the advent of the Internet Money Wallet on PulseChain is nothing short of a revolution. This isn’t just a digital wallet; it’s a gateway to a new world of decentralized finance (DeFi), passive income, and seamless user experience. Designed with PulseChain at its core, the Internet Money Wallet is transforming how users interact with their digital assets. This article dives deep into its main features, advantages, tokenomics, security audits, and the unique benefits it offers to its users.
The emergence of PulseChain and Richard Heart’s vision
PulseChain, a hard fork of Ethereum, was conceived to address the growing concerns around Ethereum’s scalability, transaction speed, and fees. Richard Heart, the visionary behind PulseChain, aimed to create a more efficient, faster, and cheaper blockchain that could handle the demands of modern decentralized applications without the bottlenecks associated with Ethereum.
Launched in May 2023, PulseChain offers significant improvements in terms of transaction speed and cost, making it an attractive option for developers and users alike. Heart’s focus was not just on creating another blockchain, but enabling people to develop an entire ecosystem that could rival Ethereum, complete with its own suite of dApps, tokens, and the Internet Money Wallet.
Introducing Internet Money Wallet
Launched on PulseChain right after mainnet deployment and endorsed by Richard Heart on Twitter, the Internet Money Wallet (IM Wallet) is the first native wallet designed specifically for the PulseChain ecosystem. Available on Android, iOS, and Chrome, this wallet is a complete alternative to MetaMask, offering unique features that cater to both new and seasoned crypto users.
Key Features of Internet Money Wallet
The Internet Money Wallet is built to optimize the PulseChain experience. It uses the best RPC settings available, tailored gas estimations, and custom handling, ensuring that users never experience stuck transactions—a common issue with MetaMask when interacting with PulseChain.
While it’s optimized for PulseChain, the IM Wallet also supports all Ethereum Virtual Machine (EVM) chains, including Ethereum, Binance Smart Chain (BSC), and Polygon. This multi-chain support makes it a versatile tool for managing various digital assets across different blockchains.
Unlike many wallets that require extensive personal information, the Internet Money Wallet is designed with privacy in mind. The wallet does not collect any user data, adhering to the principle that “the only way to protect user data is to never have it.” This commitment to privacy ensures users can manage their assets without concerns about data breaches or misuse.
The wallet isn’t just for storing tokens—it’s also a gallery for NFTs. With enhanced NFT functionality, automatic detection, and better metadata parsing, users can easily manage and showcase their digital art collections across multiple chains.
One of the standout features of the Internet Money Wallet is its in-app swap functionality, which searches more liquidity than any other wallet on PulseChain, ensuring users get the best possible trade yields. Even more compelling is the wallet’s revenue-sharing model, where 100% of the fees generated from swaps are distributed to holders of the TIME token.
TIME, a token within the Internet Money ecosystem, allows users to earn passive income simply by holding it. TIME holders receive dividends in the native coins of the respective blockchains they are using (e.g., PLS for PulseChain, ETH for Ethereum), providing a steady income stream regardless of market conditions.
- The IM Wallet protocol features a Buy and Burn mechanism for PulseChain ecosystem tokens like PLSX, PEPE, TEXAN, AXIS, INC, LOAN and HEX. By using this dApp, users can make sure that the supply of their favorite tokens will be reduced.
Tokenomics of IM, TIME, and FUTURE
The Internet Money ecosystem is powered by three primary tokens: IM, TIME, and FUTURE. Each plays a crucial role in the functionality and benefits offered by the wallet.
IM (Internet Money):
IM is money you can use on the internet as peer-to-peer token. It’s deflationary nature adds value over time based on the overall in-wallet transaction volume. Every time a swap occurs within someone’s wallet, IM is bought off the open market and burned, reducing its overall supply. This buy-and-burn mechanism is a powerful price-positive force, as it increases demand while permanently removing tokens from circulation.
TIME (T.I.M.E. Dividend):
TIME is the dividend token that powers the wallet’s passive income feature. By holding TIME, users earn a share of the swap fees generated within the wallet. These dividends are paid out in the native coin of the blockchain on which TIME is held. For example, holding TIME on PulseChain earns you PLS, while holding it on Ethereum earns you ETH. The total supply of TIME is capped at 2 billion tokens per chain, ensuring scarcity and maintaining value for holders.
The brilliance of TIME lies in its simplicity: there are no staking requirements, no lock-up periods, and no complex earning mechanisms. Users simply hold TIME in their wallet and claim their dividends as frequently as every block.
FUTURE (Future T.I.M.E. Dividend):
FUTURE is designed for those who believe in the long-term potential of the Internet Money ecosystem. FUTURE holders receive a 1:1 airdrop of TIME whenever it is launched on a new EVM chain, effectively giving them a stake in the growth of the ecosystem across different blockchains. This token ensures that early adopters and long-term supporters are rewarded as the ecosystem expands.
Security audits and robust support
Security is paramount in the crypto space, and the Internet Money Wallet does not take this lightly. The wallet’s smart contracts, including those for IM, TIME, and FUTURE, have undergone rigorous security audits by third-party firm, Certik. These audits ensure that the wallet’s infrastructure is secure, reliable, and resistant to common exploits such as reentrancy attacks and overflow vulnerabilities.
In addition to security audits, the Internet Money Wallet offers comprehensive support across its platforms. Whether you’re using the wallet on Android, iOS, or Chrome, you can expect regular updates, bug fixes, and feature enhancements. The development team is committed to maintaining a high standard of performance and user experience, which is evident in the continuous improvements to the wallet’s functionality and UI.
NFTs and automatic detection
The Internet Money Wallet’s recent update introduced enhanced support for NFTs, particularly on PulseChain. This update includes faster and more reliable automatic detection of NFTs, better metadata population, and parsing support for more NFT images. Users can now manage their NFT collections with greater ease and efficiency, without needing to rely on multiple wallets or dApps.
This feature is particularly beneficial for users who are heavily invested in the NFT space. The ability to automatically detect and import NFTs across multiple chains ensures that users have a unified view of their digital assets, making it easier to manage and showcase their collections.
A superior alternative to MetaMask
One of the most common complaints among PulseChain users is the issue of stuck transactions. People usually blame it on network’s performance but it’s mostly an issue with their MetaMask. This problem often arises due to MetaMask’s poor handling of PulseChain’s gas estimations and its generic approach to managing multiple blockchains. The Internet Money Wallet addresses this pain point by using customized gas estimation logic and the best RPC settings available for PulseChain.
As a result, transactions on PulseChain using the Internet Money Wallet are faster, more reliable, and less likely to get stuck. This superior performance has led almost 50,000 users to switch from MetaMask to the Internet Money Wallet, recognizing it as the more efficient and user-friendly option for interacting with the PulseChain ecosystem.
Buy and Burn driving value through deflation
The buy-and-burn mechanism is a cornerstone of the Internet Money Wallet’s value proposition. This mechanism is directly tied to the TIME token, where users can contribute their TIME to the buy-and-burn contracts without any lock-up periods. The IM tokens bought as a result of this process are immediately burned, reducing the circulating supply and driving up the token’s value over time.
This deflationary model is a significant benefit for IM holders, as it ensures that the token’s value is constantly being supported by market demand. The more swaps occur within the wallet, the more IM is bought and burned, creating a positive feedback loop that benefits all participants in the ecosystem.
Passive income lets you earn while you sleep
One of the most compelling aspects of the Internet Money Wallet is its ability to generate passive income for users. Unlike traditional income streams that require active participation or investment, the Internet Money Wallet allows users to earn simply by holding the TIME token. Whether the market is up or down, TIME holders will continue to receive dividends as long as there is swap activity within the wallet.
This passive income model is particularly attractive in the volatile world of cryptocurrency, where prices can fluctuate wildly. TIME holders are insulated from these fluctuations to some extent, as their earnings are tied to the volume of transactions rather than the price of the tokens themselves.
The future of Internet Money Wallet on PulseChain
As the Internet Money Wallet continues to evolve, its impact on the PulseChain ecosystem and the broader crypto landscape is expected to grow. With its focus on user experience, security, and passive income generation, the wallet is poised to become a staple for PulseChain users and beyond.
The recent introduction of NFT support, coupled with the wallet’s unique tokenomics and buy-and-burn mechanism, positions the Internet Money Wallet as a leader in the next generation of crypto wallets. As more users discover the benefits of using a wallet that is specifically designed for PulseChain, the adoption of the Internet Money Wallet is likely to accelerate, further enhancing its value and utility.
Conclusion
The Internet Money Wallet is more than just a digital wallet—it’s a comprehensive tool for managing digital assets, earning passive income, and participating in the growing PulseChain ecosystem. With its superior performance, privacy-focused design, and innovative tokenomics, the Internet Money Wallet is set to become the go-to choice for anyone looking to maximize their experience on PulseChain.
For those who are already part of the PulseChain community, the Internet Money Wallet offers a seamless and efficient way to manage their assets. For newcomers, it provides an accessible entry point into the world of decentralized finance and the opportunity to earn passive income without the complexities of traditional financial systems.
In a world where blockchain technology is constantly evolving, the Internet Money Wallet stands out as a forward-thinking solution that addresses the needs of today’s crypto users while paving the way for the future. Whether you’re a casual user or a seasoned investor, the Internet Money Wallet on PulseChain is an essential tool for navigating the digital economy of tomorrow.
