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Should you swap PLSX for PLS when PULSECHAIN goes live?? You NEED to know THIS.

One of the questions I’ve been asked the most since I began my Youtube venture is: Should I swap my PLSX for PLS when Pulsechain Mainnet (finally) goes live? Before we can answer this question, let’s review why this question is relevant in the first place.

Pulsechain, a fork of the renowned and highly successful blockchain Ethereum, is expected to launch in the coming months and bring about a brand new ecosystem brimming with opportunities. When Pulsechain goes live, users of the Ethereum blockchain that own any tokens on the network will get a 1:1 copy on the Pulsechain Network. This means that if a user had 10,000 Hex on Ethereum (either staked or sitting in their wallet – liquid), they would get 10,000 Hex on the Pulsechain Network automatically in their wallet as soon as they switched to the Pulsechain Network within their private wallet.

When Pulsechain was first announced, approximately only 40,000 users participated in a Pulsechain ‘Sacrifice’ for Freedom of Speech, where users received points per dollar sacrificed. The points received are anticipated to be the amount of PLS (the blockchains native token) that a user will receive for sacrificing when Pulsechain finally goes live. On the other hand, a second Sacrifice for the Pulsechain native Decentralized Exchange called PulseX began in December 2021 and saw about 140,000 users send money to the Sacrifice address. Many users who missed the Pulsechain Sacrifice saw this as a chance to get in on the ground floor and have tokens on the new network ready to swap for PLS before the network opens its bridge to the Ethereum Blockchain. But what does a bridge have to do with any of this?

When Pulsechain goes live, there will be a 24–48-hour period where the tokens on the chain will not have a dollar value and will only be tradeable using ratios. All swapping in cryptocurrency using a decentralized exchange is in ratios, however most often we see just the dollar figures associated with the trade and not what the ratio is, ie if I want to trade Hex for PLS, the ratio might be 1 Hex:100 PLS tokens.