Unless you've been living under a rock or are very new to cryptocurrency in general, chances are you've heard of PulseX. If you've heard of PulseX, you probably know that over $1,000,000,000 has been sacrificed for freedom of movement and assembly, in exchange for PulseX Points. These PulseX "points" may be airdropped to users in the future, but it has been clearly stated not to have expectations from the work of others.
If you haven't heard of it, you're probably asking how its possible that over $1 Billion can be sacrificed for a new crypto technology and it wasn't being talked about by everyone. We know, this has been the case even since the beginning of Hex. You get used to it, sort of.
So what exactly is PulseX? PulseX is a decentralized exchange that will live on the Pulsechain Blockchain Network, which is a fork of Ethereum. Its creator, @RichardHeartWin , is airdropping users of Ethereum a 1:1 copy of anything they own on the Ethereum Network on to the Pulsechain network. So if you own #HEX for example Ethereum, you will get a duplicate of the exact amount you own that will live on the Pulsechain Network. I know, how is this not the biggest news in crypto, right?
Pulsechain will be a more eco-friendly network than Ethereum, with faster block times by up to 5 times, immensely cheaper fee's, has the "worlds Largest Airdrop", and is beating ETH 2.0 to market. This is where PulseX will live.
Above is a screenshot if what the current beta PulseX interface looks like. Nice.
PLSX, is the token that sacrificers may receive from the PulseX sacrifice when Pulsechain goes live. Here is what PulseX.com states:
PulseX is PulseChain's exchange PulseX enables you to exchange tokens ("PRC20s") on PulseChain for one another. For example you could swap PulseChain's native token PLS for PulseX's token PLSX. It works like Uniswap on Ethereum. Bridges also let people trade currencies from other chains on PulseX. The world's largest yield farm Every time people swap from one coin to another on PulseX liquidity providers earn fees as a reward. Users can bridge in their ERC20s and pair them with free PRC20s in order to provide liquidity and earn fees. This also backs the value of the PRC20s that they got for free.
The second PulseX incentive token In order to enhance PulseX's success another token will exist to further incentivize liquidity providers beyond the fees they're already making. When they become liquidity providers, they will receive LP tokens that they can deposit into a yield farm. This not yet named token is emitted with decreasing inflation over time. A DAO chooses which trading pairs receive this incentive and at what rates. Only addresses with PLSX balances get to vote in the DAO.
PulseX's Goal PulseX is a Uniswap fork with PLSX Liquidity Provider incentivization. Its goal is to provide PulseChain users with the best possible trading experience & yield farm with a strong focus on incentivising ERC20 holders to bridge in and back the value of their free PRC20s.
PLSX is designed to increase in value The best asset class in history Cryptocurrencies have outperformed every other asset class over the last 10 years. There's a reason for that: they remove counterparty risk and middlemen, allow for privacy, have better uptime than your bank and credit card network. Cryptocurrencies allow for a better way to login to things, they can work as cryptographic username & password pairs, independent of platforms.
High yields You can provide the PLS or PRC20s that you hold as liquidity to PulseX and earn yield on them. This is less risky than trading and allows you to earn predictable income on your crypto. Cryptocurrencies have the highest yields in the world, far exceeding those of other asset classes. The most transparent trading in the world Not only can you see on-chain what addresses trade which assets, you can also see transparently which addresses sold, bought and how much money it has left to buy more. Efficiency With Bitcoin you need from minutes to hours until a transaction confirms and transacting costs you multiple USD in fees, transacting on PulseChain costs less than $0.01 and confirmations happen in about 3 seconds. PulseX utilizes this network to allow for fast & cheap swaps between PLS and PRC20s. PLSX only becomes more rare PulseX has lower fees than most competing exchanges. The fee to users is lower than on most competing exchanges. Most tokens inflate at high rates while PLSX never inflates. The supply only becomes more rare as 21% of all fees could be used to buy up the price and burn the freshly bought PLSX.
PulseX is awesome Trading fees? Dirt cheap. PulseX will have a 0.29% fee that users pay on every swap. That is less than Sushiswap, Trader Joe, Quickswap and Uniswap. 76% of all trading fees could be distributed to Liquidity Providers. 21% could be used to buy and burn PLSX, reducing its supply over time. 0.01% of a trade's value goes to an address you must have no expectations of.
PulseX will have the most Liquidity on PulseChain. The initial liquidity for PulseX comes from a bot called the "AMM ratio fixer bot". It harvests over around 99.9% of many coins liquidity from Uniswap, Suishiswap and other popular markets at launch, then recreates those pairs on PulseX and adds the liquidity it has harvested along with fresh PLS to make PulseX the vastly most liquid exchange on PulseChain. As users want the best deals for their trades, they tend to go where the liquidity is the largest. That creates volume. As liquidity providers make profit on volume, they are likely to deposit on the exchange with the most volume. It is hard for new competitors to overcome the critical mass of so much liquidity in one place. It's good to have all the Liquidity in a single place. Centralized liquidity also means the best deals for users because it results in low slippage. Meaning the price moves against them less when they swap. It also means that fewer arbitrage bots become rich equalizing the prices from different liquidity sources. It's more efficient. Summary PulseX has lower fees, the most liquidity on the PulseChain and only becomes more rare.
If you've sacrificed, you're probably wondering when all of this is going live. And the best answer anywhere on the internet is: we don't know. But after reading the above points, you should now be seeing the incredible opportunity that is in front of us all.
We are currently on V2 of 3 versions of the Pulsechain Testnet. Testnet V3 has been said that it will not need nearly as much time for testing as both V1 and V2. V3 is expected to come out sometime within the next 8 weeks, however anything at this point is merely speculation and should not be taken as fact.
There is much speculation in this space about the when and the how of launch, but unless it comes from the man himself, @RichardHeartWin , it should be considered speculation. Make sure to follow him on twitter to be up to date and get the latest announcements on the launch of both Pulsechain and PulseX.
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