When did PulseChain Sacrifice Start?

Table Of Contents

When did the sacrifice stage start?

The sacrifice stage lasted 19 days. It started on July 15, 2021 04:50 UTC and ended on August 03, 2021, at 04:50 UTC. 

DO NOT SACRIFICE ASSETS FOR PULSECHAIN – the sacrifice phase is over. 

Can I still sacrifice?PulseChain Sacrifice Phase Photo

Can I buy Pulse (PLS) tokens?

You can NOT buy Pulse yet. Anyone trying to sell you “Pulse” right now is a scammer. 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 PulseChain mainnet launches.

“To lose patience is to lose the battle.” M. Gandhi

What happens with the sacrificed tokens & coins?

A symbol for a decentralized world is created, an epic is written. It’s called web3, a decentralized, verifiable, trustless, permissionless, distributed, stateful internet, and if you sacrificed, you’re part of it. You sacrificed to show belief in blockchain’s capability to make our virtual world better, to make financial freedom attainable to everyone and to empower freedom of speech, a protected human right. This is an important political and arguably humanitarian statement.

You must have no expectations of profit from the work of others. You should not expect any financial benefits from sacrificing and you can not know what will happen to the coins in the future. You can however see and verify on-chain what is happening with the coins. Here’s the address on Etherscan. To sacrifice means to give up something of value for the sake of other considerations.

More tangibly, $25M were donated to the SENS research foundation, which “works to develop, promote, and ensure widespread access to therapies that cure and prevent the diseases and disabilities of aging by comprehensively repairing the damage that builds up in our bodies over time”. In other words, it’s a longevity research institute and they will make our lives longer. So get those 5555 stakes going!

This should be enough in itself, however, depending on the size and day of a sacrifice, points were assigned to each sacrificer. What fruits will these points bear, is yet to be discovered.

How are the points calculated? 

Whatever value you sacrificed, the time-weighted average price (over 30 min) when you transferred the funds will be used to calculate the points. Those points have a volume bonus applied between 1-2.5x (days 1-16) or 1.75x (days 17-19). They also have a bonding curve applied every day after day 5 of 5% compounded daily. Lost me?

Let’s just say that the earlier you sacrificed, the more points you got.

It is then assumed that the sacrifice set will be used to add PLS at a 1:1 ratio with the sacrifice points calculated.

What to do when I receive PLS?

Connect your Non-custodial wallet, like MetaMask, to the PulseChain network by changing the RPC settings on the wallet, see your Pulse (PLS) appear on the wallet, enjoy it!

Hold it, see it grow, appreciate the benefits of additional financial liberty it will bring.

Next Steps:

– Forkdate announcement (similar to Snapshot) TBD
– Mainnet launch & access to airdrop coins TBD

Follow Richard Heart (@RichardHeartWin and @Richardscalls), the founder of HEX, Pulse and PulseChain on Twitter to stay updated! He’ll be the first to announce when Pulse steps are taken.

Nothing in this article or website is financial or taxation advice. For advice on these matters, please contact a registered professional adviser.

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