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Token:
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Token ticker: WATT
Supply: pending
*** Cryptocurrencies and NFTs are volatile and those who invest in them should be prepared to lose all their money. NOTHING www.howtopulse.com states, shares, expresses, or allude to should be considered professional advice or recommendations of action. This blog is intended for educational and entertainment purposes only. Consult a professional (or two…or more) for any tax, accounting or legal related questions you may have.***
About:
POWERCITY can be thought of as a “toolbox” for DeFi projects launching on PulseChain and because of their Transformer Bridge, Avalanche and Fantom also have the ability to tour the city. Not-too-far-away plans also strive to include Polygon and BNB Smart Chain. At the heart of the city lies its Core. A downtown of sorts where all the hustle and bustle of the busy DeFi streets come to congregate to pump life into the city. The Core will contribute to the socializing, developing, marketing, and launching of new dapps, services, and protocols which all help to pump life into POWERCITY.
One of the most important roles of the Core is to help attract new users to PulseChain and thus increase the native token’s ($WATT) value for its holders. As the treasury grows in value, the Core rewards stakers similar to how OlympusDAO operates, which POWERCITY is based on.
The Core is grown by both investing in other DeFi projects and by selling discounted tokens in exchange for assets needed by the treasury, otherwise known as bonding. The Core will also periodically buy back and burn tokens, ultimately counterbalancing the inflation of tokens paid to stakers.
The POWERCITY ecosystem offers many different DeFi-oriented tools outside of just the Core.
Transformer Bridge:
The Bridge will extend a helping hand to cross-chain users by providing a cheaper alternative to the typically exorbitant Ethereum transaction fees they experience day to day when on-ramping fiat from Coinbase, Binance, Kraken, and other CEXs. Transformer will execute multi-chain swaps between many different tokens across multiple blockchains and the swap and bridge fees will both be passed on to the Core in order to reward stakers.
Pixel Park:
The Bridge will extend a helping hand to cross-chain users by providing a cheaper alternative to the typically exorbitant Ethereum transaction fees they experience day to day when on-ramping fiat from Coinbase, Binance, Kraken, and other CEXs. Transformer will execute multi-chain swaps between many different tokens across multiple blockchains and the swap and bridge fees will both be passed on to the Core in order to reward stakers.
Accelerator Yield Compounder:
The Accelerator Yield Compounder (AYC) is an automated yield compounding tool used to claim staking rewards and then restake them again. The AYC will also have a front-end that will be compatible with Liquid Loans and community-based strategies (such as the Haunted Strategy) can be implemented automatically.
Powercity Meta:
The metaverse of POWERCITY is slated for future release and will provide users with the experience of interacting with dapps, socializing, and playing games all from within the metaverse.
Nodes-as-a-Service (NRG):
In general, the more nodes on a network, the more difficult it becomes to hack a network by trying to fake transactions across the majority of servers. Every developer on PulseChain needs to test their dapp, but creating their own to do so requires more time and money than a lot are willing to invest. POWERCITY’s NRG Nodes-as-a-service (Naas) helps to solve this by automatically pairing node creators together with node users. The users pay rent to the creators for access to their node. The creators are paid in NFTs which generate NRG tokens for them.
Links:
Official Website: Powercity.io
