PulseChain: The Official Guide to the Brand New Ethereum 2.0 Fork

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By Connor
Estimated reading: 12mins
PulseChain Official Guide

PulseChain Mainnet is LIVE!

Use our PulseChain Official Guide for everything you need to know about the new blockchain!

What is PulseChain?

PulseChain is Richard Heart’s upcoming hard-fork of the entire Ethereum system state. The creation of PulseChain was inspired primarily by the ridiculously high gas fees on the Ethereum network. The steep and abrupt increase in gas fees hindered the ability for new investors to on-ramp into Richard’s most successful project, Hex. Richard took this an opportunity to not only lower gas fees, but also make other key innovations as well. 

PulseChain has 4 unique benefits which make it worthy of consideration as a long term investment.

  1. Lower Gas Fees (pennies). At many times from 2021-2023, Ethereum gas fees skyrocketed to as high as HUNDREDS OF DOLLARS to run a single transaction on Ethereum. This makes it untenable for the average investor to use the Ethereum network (the most popular blockchain for building in DeFi). One common misconception is that the Ethereum 2.0 reduced gas fees. This is not true. The Ethereum Merge switched Etheruem from Proof-of-Work to Proof-of-Stake, with no change to gas fees. Therefore, the primary benefit statement of PulseChain remains intact. PulseChain will have much cheaper gas fees than Ethereum because it will use 4 second block times, rather than Ethereum block times of 13 second average.
PulseChain Features

2. World’s Largest Free Airdrop. Unlike previous hard-forks of Ethereum, PulseChain will be a complete system-state copy. This means that all previously developed tokens and smart contracts on the Ethereum blockchain will be duplicated on PulseChain. This is easy for tokens and protocols like Hex which will function easily on the new chain. This is more difficult for protocols like Liquity, who’s code is too dependent on infrastructure on Ethereum to function on PulseChain. Check here if your favorite ERC20 tokens will be copied over onto Pulsechain

3. Reduced energy consumption and environmental pollution. PulseChain will launch using the Delegated Proof-of-Stake consensus mechanism. This removes the wasteful properties of Proof-of-Work consensus, which uses high amounts of electricity to mine new blocks and earn protocol inflation. Instead, PulseChain rewards validators and users who delegate their PLS to them to lock up their coins This process uses far less electricity than PoF networks.

4. Improved game theory. Pulsechain has 0% inflation because it rewards validators and stakers with fees instead of inflated PLS. In addition, 25% of PLS fees are burnt to reduce circulating supply. This is preferable to Bitcoin, for example, which pays miners BTC inflation who have no other choice except to market sell in order to maintain profitability.

What was the PulseChain Sacrifice Phase?

The PulseChain sacrifice phase was a 30 day window in the Summer of 2021 in which believers in the new blockchain could send funds to a sacrifice address to make a political statement. 

Before I go any further I want to emphasize that the PULSECHAIN SACRIFICE HAS ENDED. Any person or any website advertising a PulseChain sacrifice is a scammer trying to take your money!

The political statements of the sacrifice reads as follows:

“The PulseChain sacrifice is creating a set of people that believe speech is a protected human right and blockchains are speech. Sacrifice to prove you believe.”

In return, sacrificers were rewarded sacrifice points in return.  As you can see, earlier sacrificers received more points the earlier that they sacrificed. For example, $1 would yield 10,000 SPs on Day 1. But on the last day, $1 would only yield 5,000 SPs. Sacrificers were also rewarded based on the size of their sacrifice. The largest sacrifice received a 2.5x bonus on their sacrifice.

PulseChain Sacrifice Points

The smallest sacrifice only received a 1x bonus and everybody else fell in between. You can check the PulseChain sacrifice points at PulseLead.xyz.

What is the PulseChain Airdrop?

The PulseChain airdrop is the result of the complete copy of the entire system-state of the Ethereum network. When PulseChain is finished, the developers will take a “snapshot” of the Ethereum system-state. This snapshot is essentially just a record of the smart contracts and token balances on Ethereum at the time. 

How To Get the PulseChain Airdrop

Any tokens on Ethereum will be copied over to PulseChain before the snapshot. All you will have to do is point your wallet over to the PulseChain mainnet and your tokens will be waiting for you. This airdrop applies to all ERC20 holders. For example, if you have 100,000 Hex on Ethereum before the snapshot you will have 100,000 Hex copied onto the PulseChain network. This is the basis of the Pulsechain Airdrop. Other tokens that will be copied over include Hedron, Icosa, Maxi, Chainlink, Maker, and many others. 

*It is important to note however, that some tokens will hold their value better than others on PulseChain. For example, LUSD, the stablecoin of Liquity, will likely not hold its peg on the new network because the redemption function of the Liquity protocol will be broken. 

*It is also important to note that all airdropped tokens will start with a price of zero and that tokens will be traded on ratios for the first 24-48 hours. Tokens will undergo price discovery once the bridges between PulseChain and Ethereum are live and/or on-ramps to fiat are present. 

PulseChain Price Prediction

Since Richard Heart has announced the project, many investors have shared their PulseChain price predictions. We are alike to many of you in the community, so we couldn’t help but speculate and give our two cents. 

While no one has a crystal ball, many people are hopeful that PulseChain’s native coin Pulse (PLS) could perform just as well if not better than both Bitcoin (BTC), Ether (ETH), or other layer 1 blockchains in the long term. It’s important to note that PLS will start at a price of zero, but there’s no reason to think that it couldn’t increase in value very quickly with so much hype and excitement surrounding the project.

Here are some past price performances (initial coin offerings price to all time high) of other Layer 1 blockchains:

  • Ethereum – 13877 X
  • Binance – 6866 X
  • Cardano – 1288 X
  • Polygon – 1310 X
  • Solana – 1009 X

It is not unreasonable to think that PulseChain could achieve similar appreciation. One must consider that many of these blockchains, other than Ethereum, have experienced various bugs, hacks, exploits, down-time, etc. PulseChain will be forking the most secure blockchain, Ethereum, and making multiple improvements in throughput and tokenomics. Not to mention, Pulsechain has an extremely engaged community of project developers, marketers, builders, and influencers. 

Will we see PLS at $1 in 2025? Who knows, stranger things have happened in crypto!

Who is Richard Heart?

Born Richard Schueler, Richard Heart is a serial entrepreneur, self-help author, philanthropist, and online personality.

In December 2019, he launched the controversial cryptocurrency HEX, which went on to do a 10,000X from its all-time-low soon after launch to its all-time-high in September 2021.

Richard Heart

On top of forking Ethereum, Richard Heart is also forking the decentralized exchange Pancakeswap. This ‘dex’ will be called PulseX, and it’s receiving a huge amount of attention online.

After PulseChain and PulseX launch, only time will tell what Richard will dream up next, but he has hinted at three different projects:

  1. Wallet
  2. Fiat on-ramps and off-ramps
  3. His own nation-state

Where Can I Buy PulseChain ($PLS)?

Use this guide on How to Buy PLS.

PulseChain is new so there are not many ways to buy it, but as the chain ages more opportunities will open up.

  1. Market buy on a DEX like PulseX
  2. Use fiat on-ramps to buy stablecoin on PulseChain then swap to $PLS on a DEX
  3. Market buy on a centralized exchange (OkX was the first centralized exchange to list PLS) then move funds into your own custody, of course
  4. Bridge assets from other blockchain to PulseChain, then swap into PLS on a DEX
  5. Stake LOAN token in the LOAN staking pool in the Liquid Loans Protocol
  6. Deposit USDL into the Stability Pool in the Liquid Loans protocol

However, community members are currently speculating that it might be possible to swap PRC20s on PulseX– that is, PulseChain copies of existing ERC20s – before a bridge opens soon after launch.

If this were to happen, people would be trading “on ratio” rather than according to the dollar value of a given token. The potential for this kind of trading has the HEX and PulseChain community very excited, and people are theorizing around-the clock on all the different possible gameplays.

What is PulseChain HEX (pHEX)?

PulseChain Hex (pHex) refers to the copy of Hex on the new PulseChain network. The original Hex smart contract exists on Ethereum, and will continue to exist there, but a new version will be on PulseChain. 

This will be another one of thousands of PRC20s generated as part of the PulseChain launch. Richard Heart has suggested pHEX will carry the ticker symbol HEX, and that HEX on Ethereum will be denoted as eHex. 

Regardless of which chain it is on, Hex is the world’s first blockchain certificate of deposit. Hex pays stakers to lock up their tokens to mint inflation rewards. This improves on Bitcoin, for example, who pays miners inflation who burn electricity and sell down their own token. Hex has enjoyed 100% uptime and no inflation bugs since its inception. 

Like all PRC20s, pHEX will launch at a price of zero, however many community members are speculating that its price will shoot up rapidly to find parity with HEX on the Ethereum network.

It might seem illogical that pHEX could be the same price as eHEX within seconds after the launch of PulseChain, but this is crypto and common sense tradFi wisdom doesn’t always apply. The price discovery of pHEX will be fascinating, so watch this space!

What is PulseX?

PulseX, rooted in the name PulseChain Exchange, is the most liquid decentralized exchange on the PulseChain network. Similar to how PulseChain is a copy of Ethereum with amendments to functionality, PulseX is a copy of Uniswap/Pancakeswap with key improvements. Since these exchanges are automated market makers, they will allow for trustless trading using smart contracts and liquidity pools.

Similar to PulseChain, PulseX had a sacrifice period in which crypto enthusiasts could make a political statement around freedom of movement. Additionally, the PulseX sacrifice has ended so do not send any more funds to the sacrifice address. You can check your balances here at pulselead.xyz.

PulseX’s main use cases are:

  • Liquidity Pools. Liquidity providers will be able to insert liquidity into pools to allows for traders to swap tokens back and forth without middlemen in between. Every time somebody uses these pools, a small fee of 0.25% is generated. 0.17% goes to liquidity providers, 0.03% goes to the official PulseX treasury, and 0.05% contributes to a burn and buy function to promote deflation of the token. 
  • ETH/PLS Bridge. PulseX will have a built in bridge to allow users to transfer value to and from the Ethereum blockchain and the PulseChain. This is a key functionality since, at first, PulseChain will be a closed system. Along with fiat on-ramps, the Pulsex bridge will allow economic energy to flow into the new blockchain. 
  • Limit Orders. Limit orders allow traders to specify a price that they would like to execute an order. Limit orders have the benefit of reducing slippage and time spent by users monitoring the market. 
  • Deflationary. Once the code is deployed, all PLSX will be in existence and there is no additional minting. As stated above, a portion of the trading fees will be used to buy and burn PLSX providing only a deflationary token environment.
  • PLSX Staking. PLSX token will have a staking function on PulseX. Users can stake PLSX in single-sided-staking pools with no lockup period. 

PulseChain Oracle Service

PulseChain will have it's own native oracle service called Fetch.

Fetch is a decentralized blockchain oracle which is a fork of Tellor. It will enable projects on PulseChain to have access to reliable price feeds without having to take them from a single source.

PulseChain News

Everyday we get closer and closer to the launch of Pulsechain mainnet. In the meantime, many creators, including Liquid Loans, are working diligently to create projects to add value to PulseChain.

Keep up to date with all the PulseChain news and updates here.

FAQ

What is the Hex PulseChain Airdrop?

The Hex PulseChain Airdrop refers to the copies of all Ethereum Hex that will be airdropped to the same wallets on PulseChain. If an ethereum wallet is holding 100,000 Hex (both staked or liquid) before the snapshot, they will receive an exact copy. The Hex smart contract will function identically on PLS as it did on ETH, just with faster transactions and lower fees. 

How Do I Buy PulseChain?

At the time of writing, PulseChain does not exist and therefore you cannot buy it. Use this guide to learn how to buy pls.

How Much PulseChain Will I Get?

If you’re asking how much PulseChain you will get from your sacrifice, you can check that on Pulselead.xyz

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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.

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Connor

Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.

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