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If you're new to PulseChain, here are some general questions and answers.
new I am new here, what is PulseChain About?
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Pulse aims to support ETH users. It’s not an “ETH Killer”. Instead it increases Ethereum’s value. Read more detailed goals on PulseChain.com
when will PulseChain Launch. Current project Status
The Sacrifice Phase is over, do NOT send any more coins!
Pulse code can be found at http://gitlab.com/pulsechaincom
29.09.2021 Public Testnet is LIVE
https://twitter.com/PulsechainCom/status/1443041235879571461?s=19
Next Steps:
Forkdate announcement (similar to Snapshot) TBD
Mainnet launch & access to airdrop coins TBD
Follow @Richardscalls and Richard on Twitter (https://twitter.com/RichardHeartWin) to stay updated!
PulseChain Goals
Pulse aims to support ETH users. It’s not an “ETH Killer”. Instead it increases Ethereum’s value. Read more detailed goals on https://pulsechain.com
What is PulseChain's supply. High Supply by Design
Pulse starts with a high supply by design. Pulse has no inflation and burns fees. It helps to start from a high value. People love affordable coins, they can appreciate more. Number bias is a thing. People prefer to buy 20 of something instead of 0.2. Amount of coins only moves the decimal point.
There is a difference between total supply and circulating supply. Best Example are Satoshis coins.
Ratios and onboarding of new users are more important than supply amount. The exact total supply of Pulse is not known yet. It depends on the Sacrifice set and should be somewhere in the order of 150 Trillion but might get adjusted before the Mainnet launch.
How to buy PulseChain
You can NOT buy Pulse yet
People trying to sell you “Pulse” right now are all Scammers. There are multiple ERC20 scam tokens named PLS. Do NOT buy those!
You will be able to buy Pulse on the open market once the Mainnet launched.
What does 0value mean? PulseChain PLS launches at 0 value
Pulse launches at 0 value for tax considerations.
In some jurisdictions receiving coins from airdrops is a taxable event. If you receive something at 0 value, it can still appreciate over time. Just because the value is 0 at launch doesn’t mean someone will sell it to you for 0. https://youtu.be/ogf8oMnbQS0?t=989
Does PulseChain burn tokens? PulseChain is defliationary
Pulse has 0% inflation, there will never be more coins after launch. Validators only earn fees and 25% of the fees are burnt to reduce the circulating supply.
Is there demand for PulseChain? Who will buy?
There will always be a top 20 as long as there’s 20 coins of value. Whichever you thought don’t belong here, those are your investment blind spots. They went from nowhere to the top, making lots of people rich along the way. The difference between your desires and the market’s.How many of these 20 coins do you think should actually be there? pic.twitter.com/1LmBJ7ZlLs
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) October 9, 2019
It’s hard to believe that the market wants things you don’t. Really hard. There’s a few coins on this list that I really do not like, however, I’ve had to learn humility and respect the market. The market will not change no matter how hard you yell, I tried.
The lesson is, if you’re in crypto to get rich or richer, you must respect these $500M to $1B market cap coins that came from NOWHERE. For they showed the highest ROI in the shortest time. If you don’t know how they did that, you don’t know how the next one will. Know thyself.
Pulse does everything better than Ethereum and supports it. An efficient market should value a better thing at least the same as time passes.
Quick PulseChain Elevator Pitch
When will PulseChain moon? Do not expect profit
How many X can Pulse appreciate?
BTC did 6,000,000 X, ETH did 14,000 X, Hex did 3,800 X (before staking). Pulse is faster, cheaper, fee-burning & energy efficient. Nobody knows what the price will do. Do not expect profit from the work of others.
When PulseChain rugpull?
Will Stablecoins have value on PulseChain
Staking Pulse
Staking Pulse
Staking in Pulse is done via delegated proof of stake. Pulse starts with 33 validators, can be expanded later. You can change your stake / vote daily. There is no lock time. You stay in control of your keys.
nodes PulseChain Node Info
Pulse starts with 33 Nodes. Delegated proof of stake, daily vote.
BTC has 5 Pools, ETH has 2 Pools, EOS & BSC have 21 Nodes. Preoptimisation is the root of evil. You need users before throughput, you only need more throughput with more users. If centralisation ever becomes a problem and governments start to kick in doors, nodes can simply be increased to 3000+.
sec PulseChain is not a security
Pulse is not a security!
A security is when you give money to a common pool with the expectation of profit solely from the work of others. There is no common enterprise, there shall be no expectation of efforts of a promoter or third party.
https://pulsechain.com/disclaimer.txt
Do I have to move my PulseChain coins? Freemium ETH/PLS deleted after 30 days
Do I have to move Pulse within 30days?
If you had ETH at forkdate you will receive 1:1 Freemium as Pulse. Pulse does not reward apathy. Freemium Pulse will be deleted after 30 days if not moved. The network can’t discern between Freemium Pulse and Sacrifice Pulse. Depending on the amount of freemium Pulse and gas cost, it might be worth it to move all Pulse to a new a address before the 30 days are up, then move the Pulse back. PRC20 don’t get deleted and don’t need to be moved.
Will PulseChain Freemium coins dump?
PulseChain Sacrifice Volume Bonus Multiplier Calculation Sheet
Sacrifice Volume Bonus Multiplier Calculations made by the community:
https://docs.google.com/spreadsheets/d/1IC7_2YAPv4ekuwpZZsnwSgnCdbss_Gv3JRSap9HJmBI
!sactime !sacpoints Table pictures of !vbm
Sacrifice Phase is over! It ended 03.08.2021 04:50 UTC
https://imgur.com/pK4dpGB
sac What happens to the Sacrific
Sacrifice Phase is over! It ended 03.08.2021 04:50 UTC
Sacrifice Details here: https://pulsechain.com/
What happens to the Sacrifice?
You are sacrificing to prove how strong you believe that blockchains are speech and speech is a protected human right. This is an important political statement. You must have no expectation of profit from the work of others.
You will not get any benefit from sacrifice and you won’t know what will happen to the coins in the future. You can however see and verify on-chain what is happening with the coins. To sacrifice means to give up (something valued) for the sake of other considerations.
saclate Info About Late Sacrifice
The Sacrifice Phase has ENDED, do NOT send any more coins!
Official END DATE of Sacrifice phase was 03.08.2021 04:50 UTC
Sacrifices after will still receive Pulse points at increasing rate of 1.05 per day. It is unknown if there will be any multiplier bonus.
Visualisation of possible outcomes in Cell AE:100 of this speardsheet: https://docs.google.com/spreadsheets/d/1IC7_2YAPv4ekuwpZZsnwSgnCdbss_Gv3JRSap9HJmBI
1$ Sacrifice on Day1 awarded 10.000 Pulse Points
1$ Sacrifice on Day100 (23.10.2021) awards only 97 Pulse Points
This is due to increased Rate of 103.03. The rate keeps increasing every day by 1.05.
Original announcement
Admin comment: https://t.me/PulsechainCom/723137
Is PulseChain copying Ethereum? When !airdrop Forking ETH System State
Pulse is a fork of ETH that brings over full system state.
Any history, contracts, balances, erc20, stakes, liquidity pools and allowances will get copied. Your same keys from ETH will work on Pulse. Changing RPC settings in Metamask will access Pulsechain. Some obvious scams or bad actors might be removed from the copy. 99.9% should be copied.
rpc How do I access PulseChain Network?
How do I access Pulse Network?
To access Pulse Network and your free PRC20’s switch network in Metamask using the custom RPC option. Medium article with pictures (https://medium.com/@cryptographicpro/free-copies-for-all-erc20-holders-to-be-claimed-prc20s-airdrop-4a8a1edcd547)
1. Metamask -> Network dropdown menu (Etherum Network)
2. Select “Custom RPC”
3. Fill out form – settings will be shared at mainnet launch –
Once mainnet is live, you will then be uising “Pulsechain Network”, any ERC20 that you had in your Ethereum wallet, will be there as a PRC20 copy for you.
gitlab PulseChain Code
Pulse Code: https://gitlab.com/pulsechaincom
Pulselead Info about discontinued community website
Update: @Gamesys10 decided to keep it up for years to come. I only have 15 credits left on the cloud though so probably some expected downtime until it migrates to his personal server, but after that it'll be like the AA in #HEX: Still viewable at this day!
— ⬣ HEXTOPIA HEX.COM 38% APY; 10,000x on day 623 ⬣ (@CryptoHextopia) August 8, 2021
What is PulseChain founder Richard's history?
hex What is HEX?
What is Hex?
Hex is the first high-interest certificate of deposit on the blockchain. Finished product, immutable, audited code, 40% APY on avg, no admin keys. It has increased over 3800x in price (before staking) and was founded by Richard Heart in 2019 who is now building Pulsechain.
https://hex.com/
@hexcrypto
@hextrading
oa=Origin Address in Hex OA info
What is the “OA”?
OA stands for “Origin Address” which is an Ethereum Address (0x9A6a414D6F3497c05E3b1De90520765fA1E07c03) that is part of the HEX ecosystem. The OA has been a benevolent entitiy that protected the hex price since Hex inception and its daughters sacrificed billions. Most profitable time to buy BTC was when Satoshi owned 100% of the Supply. Same for ETH, Amazon, Tesla, Apple, Google, etc. Founders of all these are usually not dumb and they don’t kill the golden goose. They delay gratification.
Do NOT send any crypto to it!
More about HEX at https://hex.com @HEXcrypto and OA audit in @hextrading
liquidity Liquidity concerns
Bitcoin’s price went up the fastest when its liquidity was lowest. Ethereum’s price went up the fastest when its liquidity was the lowest. HEX’s price went up the fastest when its liquidity was the lowest. Pulse price …
mcap Explain Market Caps. Market cap is a vanity metric.
MarketCap (or “MCap”, short for “Market Capitalization”) is defined as Price * Circulating Supply.
It is a vanity metric used to compare the sizes of Crypto Currencies. Coin ranking sites (https://nomics.com/) use this for example.
You can not make money on the MarketCap because you can not place orders on the chart. It is not a price ceiling: Only because Bitcoin’s MCap is XYZ$ another Crypto can still reach a higher MCap at any time. There are retail companies that have a higher mcap than all of crypto.
dip Why does the price dip?
Life-changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 6,000,000x returns in 12 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flash crashed as close to $0 as possible. Amazon dropped 95% once too. Now it’s 50% of all Internet sales in the USA.
In its first year, HEX’s price has dipped 81%, 73%, 59%, 67%, 87% and then gone on to make new all time highs. Price dips are often opportunities for the impatient to give their money to the patient. People that buy tops and sell bottoms hand their money to those that buy bottoms and sell tops. The same is likely to happen with Pulse. There will be wild price discovery after Mainnet launch. Noone knows what price or rations of all the coins will do.
Pulse is about realistic expectations & no expectations from the work of others.
twap Time Weighted Average Price
TWAP stands for Time Weighted Average Price.
30 min TWAP is applied to the USD value of the sacrifice phase. This prevents abuse mechanics like spiking a coins price via short term loans and then sacrificing.
