Pulsechain, The Worlds Largest Crypto Airdrop. Ever.
In the world of cryptocurrency, airdrops are commonplace among emerging tokens or tech. Early users of Uniswap for example, before the Decentralized Exchange had a native token, were later given or airdropped free UNI tokens as a thank you for interacting with the protocol.
Ethereum Names Service(ENS), A web3 domain website that allows people to purchase domains that would be connected directly to the Ethereum Blockchain, had a massive airdrop that gave away 10's of thousands of dollars to many people just for purchasing domains before any token was ever release.
There have been many instances like these however they all have one thing in common, they are just a singular token or coin(in the case of a fork like Bitcoin Cash to Bitcoin). There has never been an airdrop that has given people that hold anything on a blockchain an airdrop of everything they own when a fork of the network happens. Let's unpack that a bit.
Ethereum, is a fork of the original network Ethereum Classic with smart contracts implemented in its protocol. Binance Smart Chain, is a Fork of Ethereum. What these "forks" are, is this according to Cryptopedia.com :
A fork occurs when one blockchain is divided into two blockchains. This type of split in a blockchain network happens when an update is made to the blockchain protocol, but not all of the network participant nodes agree to adopt it. Blockchains can experience two main types of forks: a soft fork or a hard fork. Soft forks result in an update that is “backwards compatible.” This means that nodes which accept the update are still capable of interacting with nodes which do not. In a hard fork, the update significantly alters the original blockchain protocol such that the two versions are no longer compatible with one another. The result of a hard fork is two unique blockchains that diverge after the hard fork event.
When this Hard Fork happens, the new blockchain is empty and an ecosystem has to be built from the ground up. The only time an airdrop has happened is when a token or project is released on the network. Until now.
Pulsechain, is a Hard Fork of Ethereum that is going to be released in the coming months. Pulsechain.com has this to say about the coming network:
PulseChain Goals
Increase Ethereum's value
Ethereum's fees will be lowered by sharing its load.
Enrich ETH users
PulseChain will re-enable priced out use cases: Instead of launching empty, PulseChain brings the ETH system state and ERC20s, this rewards holders and founders of Ethereum based projects.
Enrich ERC20 and NFT users
The launch of PulseChain is the largest airdrop in history. Thousands of Ethereum based tokens and NFTs receive their free PulseChain versions. This new gold rush contains the value discovery of thousands of tokens and NFTs on PulseChain. If you always wanted to be a whale in a certain ERC20 or NFT, maybe now you can be.
Easy to use
Your MetaMask wallet just works, you only have to change a single setting to access PulseChain. ETH holders can transact for free with freemium PLS.
Lower PulseChain fees and serve more users
PulseChain increases the throughput of Ethereum 4x by using 3 second block times. Ethereum's average block time is around 13 seconds.
Remove pollution
By replacing proof of work miners with proof of stake validators PulseChain doesn't burn "waste" any energy making it environmentally friendly.
Improve game theory
PLS has 0% inflation. Validators only earn fees and 25% of the fees are burnt to reduce the circulating supply.
Empower PulseChain holders
PulseChain's native token $PLS can be staked and delegated to validators that reward the delegators with the largest percentage of fees.
While this is just scratching the surface of what is under the hood, it should give you a good idea of its purpose. One of its main functions is to give users of Ethereum a place to transact with all of their tokens on a network that doesn't cost anywhere from $20-$1000+ for a transaction; Instead it will cost less than a penny per transaction.
Think about this airdrop like this: Imagine Ethereum is a giant mall. It has many many shops that each offer different products. You can buy Art (NFT's) or merchandise(tokens) and theres even a bank in the mall(Decentralized Exhange). The problem is to do any type of transaction in the mall you have to pay a heavy fee, and when its busier at the mall the fees get even more expensive.
Now, Pulsechain is creating a duplicate of that mall with all of the same businesses in the mall copied into the new one. All of the products that you've ever purchased in the Ethereum mall will get a version made in the new Pulsechain mall and if you owned any of them in the Ethereum mall you will get that same thing you purchased from the Pulsechain mall as well, for free. This is the Worlds Largest Airdrop.
Whether you own, Shiba Inu, Hex, Chainlink, Uniswap, Decentraland, Maker or any of the other thousands of tokens on Ethereum, you will get that same number of tokens you hold on the Pulsechain network as will. They may be labeled something like pSHIB instead of SHIB or pLINK instead of LINK on Ethereum.
So, why should you care? Well, apart from the obvious reasons, here are some bigger opportunities under the hood:
- Pulsechain can revitalize trading, since fees will be so minimal that anyone could trade on any budget. This means that more individual transactions will happen, and like stated on Pulsechain.com, the native coin is deflationary from 25% of each transaction(which is paid in PLS the native coin) burned out of existence forever. This reduces the supply slowly over time creating upward pressure on the price of PLS.
- Normally, when a fork happens, the ecosystem on the new network is empty. There are no direct duplicates of tokens from one chain to its fork, so those who want to take advantage of the decentralized exchange system and earn interest by allowing the Exchange to hold their coins in the pools have to use two different coins that are paired together. This in turn correlates the prices together(especially if the two coins are either the primary pair used to exchange for one or both of the tokens), meaning as price on one side goes down, it pulls the other side of the pairs price down with it. With Pulsechain, this is the first time in history that users will be given the other side of a pool for FREE. This means that not only can people earn fees by lending their tokens to a bridge(cross chain exchange pool), but if the primary trading pairs or a large number of the available tokens of a given PLS and ETH pair are in this pool, it may help the prices on each chain to stay fairly similar or even maintain close to parity(sameness in price). This can create price stability unlike what we've seen in the past with many tokens being massively correlated to either Bitcoin or Ethereum. Nothing is for sure but this is definitely something to note!
- Pulsechain is not only bringing free money to Ethereum users, but it is also reigniting an ecosystem that cut out many of its users due to its fees. Users who thought their investments would have to sit there or users who want to invest just small amounts, now have the ability to make large gains over time (percentage wise) on even a 10$ purchase while paying less than a penny in fees. Anyone can get in on the fun.
- There will also be a potential opportunity to purchase tokens that you want to hold for a cheaper price than you ay ever see again on Ethereum or Pulsechain for that matter. This opportunity is not a 100% sure thing, however if you are fast enough there just may be an opportunity to get a gigantic bag for the last time ever.
As you can see, it is a pretty amazing opportunity coming our way. In a later article I will introduce you to the Decentralized Exchange that is being made specifically for the Pulsechain. It will be the Most liquid exchange, with the lowest fees and some incredible opportunities to make passive income. For now, I leave you with its name: PulseX
Before I completely overload your brain, I'd like to add one more thing: Let's talk about the creator of this all quickly. If you haven't heard of him somehow, his name is Richard Heart. He has been in Crypto since the earliest days of bitcoin, has raised 27 million for charity, raised almost $1.7 Billion(ish) in sacrifices to both Pulsechain and PulseX, created Hex, and is one of the biggest personalities in the crypto space. As controversial as some view him, he has always been the first to warn users of hacks, scams, or anything that can help users not get rekt(lose their coins).
He has proven himself to be incredibly innovative, trustworthy, and wildly misunderstood. His marketing tactics are genius and he always seems to have the right content, debate or content exactly when it is needed. He is the only person in Crypto that seems to be more knowledgeable, honest(and blunt), and caring than anyone else I have seen in the space. He is not paid by Coinmarketcap as an Influencer. He is already incredibly wealthy. He openly declares why he is creating all of this innovative technology: to make a difference in the world and for glory.
Personally, I respect the hell out of someone who is that open about their "why" behind what they do.
All in all, look into both Richard and Pulsechain for yourself do your own research before ever trusting anyone in the space or investing in any project or product.
Thanks so much for taking the time to read this, I hope you learned something from it! Drop a comment below and tell us your thoughts, as well as share this post on twitter and tag us @CRYPTOGRFX .
