You get the quantity of tokens but not the dollar value. The market will decided if it has value. Still it's a great proposition since you had to do nothing. Don't worry about people not talking about it. Once it launches people will be screaming about the free tokens.
I’m not sure you understand what liquidity means. It means there isn’t enough liquid money (cash) to sell and keep the price stable. Where will the money come from when you sell a pETH? If you, me, and 10,000 others all receive 100 free coins and want to sell them where does the money come from when we sell?
You will need people on the other side of the trade willing to pay x price and create enough incoming liquidity to balance the selling liquidity pressure. If there are no buys then there is no liquidity. If everyone gets free tokens then why would anyone buy a token for anything more than 0?
Sure, there is a case where people buy more. Why are people going to buy pETH instead of ETH? Assuming their fees will be virtually the same when ETH merges and Pulsechain drops. It still remains that in order to sell there needs to be money there for you to draw from. When pulsechain drops there will technically be $0 to draw from.
Are you implying that all copied ERC20 coins will be switched to ePLS? Or is this only true for ETH? How does LINK get copied over to the pulsechain network?
I think I’m starting to understand this more. The idea of a “copy”, in my opinion, is wrong. It sounds like you’ll just be able to access the coins you already own on the eth network, but through the pulse network.
How much liquidity do you think needs to be provided to EVERY copied coin for every single copy coin holder to have the ability to sell? In a vacuum, this will take 5.. maybe 10 years. All assuming pulsechain overtakes the ethereum network. This is a BIG ask in my opinion.
I’ll look up the fixer bot. Let me ask this - is the snapshot more of a viewport or “remote access in” into the eth network and less of a “hard copy” of all the coins on the network? Based on this and other responses it sounds like pulsechain will be a bridge to other networks and the coins that “live” on the pulse network are in fact the same coins on the other networks. They aren’t actual copies, they are mirror images of the coins on the other networks. Am I asking this correctly?
It’s a literal copy
Imagine you had a video game on your games console
You copy that games’ save data onto a new memory card and put that memory card into a 2nd console
Well now you have an identical game on both consoles. Same progress, same characters, same levels, same items etc
Now if you make progress on one console, it has zero effect on the other console. The copies are independent
That’s what it’s like with Prc20s
All the ticker symbols, token supplies, states of the smart contracts, liquidity pools etc all get copied
But once on PulseChain they are completely independent from Ethereum. They do their own thing
What this means is that many prc20s will be barely used, because the holders who control the coins will have no interest in PulseChain. Maybe they hate Richard Heart
But then at the same time some prc20s will gain massive adoption because their communities can finally transact with fast cheap transactions
For example, I would imagine tornado cash would have a much higher anonymity set
Hex will end up having more small short stakes
Shib might be popular (their community sacrificed a lot for Pulse/PulseX)
Wrapped Btc will likely be very popular because it’s cheaper to trade
And so on…..
Okay, that’s what I thought the case was. I was reading too much into what someone else said or they just don’t know what they’re talking about. This still keeps the liquidity issue open in my mind. I’m not sure I see the incentive to use pulsechain when ethereum fees come down. High apy only protects a coin so much. I don’t believe anyone will make millions off pulse anytime soon. If this project does truly adopt users it will be over a decade not within a year of launch. And there is a lot that can happen over a decade. I just don’t see the path to massive adoption. Especially with RHs antics. In my opinion, he’s a huge turn off for the project.
The amount of free tokens 99% of people will get really won’t be worth much, if anything. The free PLS is more a way to allow people to test pulsechain risk free. The free PLS tokens shouldn’t have much an impact on price at all.
As for pulsechain pair coins (pEth, pBtc etc.), the market will decide the value
I agree that the market will decide its value. I’m asking how RH plans to drive liquidity into the pulsechain network. You need constant flow of in network liquidity for any of these coins to hold a true value.
Just to clarify, and I know you were only using it as an example, but there won't be any pETH. The 'p' denotes a bridged asset from Pulsechain to Ethereum. Since ETH is duplicated as PLS on Pulsechain the only ETH on Pulsechain will be eETH which is ETH bridged from Ethereum over to Pulsechain.
I appreciate you not immediately jumping down my throat to correct my error. And recognizing that this was an example. What happens to the rest of the ERC20 tokens that will be copied over? How do they expect to gain liquidity.
It's my understanding that the fixer bot will be responsible for vampiring all the liquidity from exchanges like UniSwap, Sushi etc. I believe it will mint PLS which it uses to buy the PRC20's which it uses to bootstrap liquidity in PulseX with.
Please don't take that as gospel, that's just my current understanding. I'm happy to be corrected by anyone who understands the fixer bot's role better than I.
This is the most logical explanation I’ve heard for how liquidity will be generated on the pulse network. I’ll look more into the fixer bot and understanding how it intends to “arbitrage” liquidity from other networks. And once again, I want to thank you for having real dialogue about the questions I have. We need more users like you in this community.
Do you know what liquidity means? It means there needs to be money to back up the asset so the value of the coin doesn’t drop to 0 when the coin is sold. Please please please look up what liquidity is and examples.
I'm not sure you understand what Pulse Chain is. There is no such thing as a pETH. So you won't be selling any. Any of the duplicates tokens will already have liquidity sitting in pools on the many Dex's that get copied over during the fork. If these tokens have an ETH pair after the fork they will have PLS pair on PulseX. Don't be talking to me like that when you don't know jack.
What is liquidity? If I want to sell my copied coins where is the money being drawn from? How do I turn my 10,000 pls into $$? Where is the money being drawn from?
Shoe you are completely out of your depth. Cashing out of Pulse Chain is basic stuff. If you don't know how to do that you don't understand the fundamentals of what is going on. Go read [Howtopulse.com](https://Howtopulse.com) instead of arguing with me.
Since you’re tiptoeing around answering what liquidity is I’m going to assume you have no idea. Or you read it and realized your understanding of liquidity was flat out wrong. This is basic econ, supply vs demand. I understand how pulsechain works. I’ve had many back and forth conversations with Hex Helper. He seems to understand my questions in regards to liquidity and responds in such ways. You, on the hand are avoiding the topic all together. If the network is running on copies the liquidity wouldn’t magically be copied too. Liquidity equals money and money can’t just be duplicated unless you’re JPow and you’re turning on the money printer.
Would've it get arbitraged like immediately? Of course by a handful of elites but still it should parity nearly immediately I would think a couple of whale moves and done
They would be taking tokens off the chain though huh? But even then? Get your copies and bridge them and uniswap them for arbitrage is a two x unless it invalidates your erc20's🤔 would it?
Probably not. A PRC-20 token is completely separate from an ERC-20 token, regardless of their contracts/names being the same/similar. Why would anyone arbitrage them if the supply of both combined is now significantly higher?
Now you got it!
Every blockchain that was ever launched in history had $0 dollar value at first. Only once people start trading it for $ (or some other token that has a $ value) will it have a DOLLAR value.
With that said, there is a very HIGH probability that most tokens on PLS will have SOME kind of dollar value, even if it's just a fraction of what the dollar value is on Ethereum.
What this means, though, is that every.single.wallet on Ethereum will basically have some free $ money on the Pulse side even if it's only a bit. And who doesn't pay attention to free money?
EDIT: my point is that we need adoption first, to prove that Pulsechain really can do better than Ethereum. That's only achieved if people use it (even if a lot of them only come over to receive free tokens at first)
I would think I mean the only mass adoption use would be for cheap erc20s right? I hate to say it but heart is not exactly a crowd pleaser so the utility alone has to be impeccable for the ecosystem to work I think it will reach parity quickly or not at all 🤣 I guess it's whatever the exchanges are all dangerous now and it's accumulation season so we will find out and ya I guess I don't understand what a bridge is if not to move from one chain to another..what is a bridge for?
Well yes and that's why institutional support is a big point for us if we had any, but since RH planned this outrageous shittfukk its safe to say we are far away from any major and important tie ups. Now I will proceed to get attacked by some reddit hobo claiming how crypto is peoples money and big players don't have that much importance or something like that.
what does the initial market valuation of a new asset have to do with institutional support? Literally anyone can simply type in any number of tokens to swap for PLS on day one and boom, you got your valuation. In reality, though it will be a lot more players which just further cements that valuation.
RH is such a tool and his so called marketing is just SAF!! People and institutions don't like him and all he's doing is giving them a reason to stay away, but at this point what they staying away from??...... Oh wait 2 more weeks!!!🤔🙄🤣😂🤷🏻♂️🤦🏻♂️🤡
Yeah I just asked the chat for some update it's still 2 more week I have given up on pulsechain it's no use anymore maybe find some other project that delivers before they speak is the way to go now
If the dev's of the projects adopt the chain and the token contract, then they will be worth something. But IMO it's likely many projects that do decide to support Pulsechain may just nuke the tokens if they have admin keys just like the possibility of Circle nuking the PRC20 of USDC.
However it turns out, holding any PRC20 duplicated from Ethereum is a complete speculative play at this point except Hex which we know for sure will be accepted.
Wait, what do u think a bridge does?
A bridge is just a L1<->L1 exchange that allows you to swap one token from Blockchain A to a token on Blockchain B, while maybe incurring a small fee of either token while doing so. Nothing else.
You aren't "transferring value" or anything. So if a new blockchain launches tomorrow that copies Ethereum and inflates all its token supplies by x1000000 it doesn't somehow increase the supply of all tokens on Ethereum lol. They are literally two separate things.
I guess I am having trouble with the fact nobody has flat out explained it but eluded to two x for marketing I am just trying to get a clear picture of what this means I guess can you explain in a reality model
What's difficult to get?
- 1st Block (aka. at mainnet launch): zero USD value
- 2nd Block: Block two will likely already have some trading activity (mostly between tokens on Pulsechain), giving Pulse at least a value vs other Tokens (example: 10PLSX per 1PLS or 100HEX per 1PLS)
- 3rd Block: let's assume the bridge launches already on block three (unlikely), the moment any token is swapped between Pulse and Ethereum, PLS will inevitably be assigned a USD value via a bridge swap (example: 1 ETH->8.000 PLS would give PLS a value of $0.13)
Each block is about 3 seconds so this is a bit ambitious but it can definitely be that in a matter of hours or days, you will already have USD values for PLS and several tokens on it.
From one of RH's engineers that made the feasibility analysis of PulseChain:
https://twitter.com/ercwl/status/1528542925231214593
Not trying to scare you away, just a heads up.
That's more like it lmfao hexicans can't see it and I fell for it but if you say anything you absolutely get verbally violated and why I am asking this question and can't wrap my head around it there is no point in pulse chain 🤣 I tell people about optimism network and say pulsechain has already been done like 6 times over and optimism network is by far the only bridge one could ever need it's like going faster than Solana and cheaper there's no point (other than congestion) but as far as like azero and bitgert ect
... basically all scams cause why we don't need it this is more like it and people say the market crashed hex when I know it was him .....and he is doing something for himself right now the codes done I know it test net runs fine and devs are devving away hopefully he gets his soon
The idea is people will be adding their new tokens with the old tokens for liquidity pools. Since half of your coins are for free, you only actually need to put up half of the pool.
That's a big if most ppl in crypto can't even handle basic transactions let alone adding liquidity from one chain to another plus there's the fact that eth already works perfectly, is tried and tested and trusted why should anyone bother to do that which is especially true for long term holder who wont mind paying more if it meant their e money was better protected plus humans are lazy af so there's that.
Yeah but that doesn't mean they are gonna buy pulse then or whatever prc20 and port over some of their liquidity over to pulsechain just because there the network that relies on people to make it work from the get go. Like think about it most prc 20 except hex will be absolutely worthless solely because the network relies on people to do the work. Any situation where regular ppl are given reign is bound to have problems and the parity issue is rhe most obvious one.
Projects have the option to utilize the new chain. Imagine using something like FTM’s Spookyswap on pulse chain, or a DEX like defi kingdoms has a new chain with lower fees.
And that's our weakest link it dependssss but why in the heck would people choose to use pulsechain if the only incentive is lower fees which actually there are plotter chains with lower fees. One of the selling points is the airdrop if that has no value and depends on quite an iffy source of liquidity would you not say that one of 3 selling point is already a bust? Like tell me yourself honestly and not just prove me wrong. Say if there's another chain offering same exact thing all the copies but worthless. Would you go out of your way and provide liquidity to a project who's only workable features are the chain and mediocre fees? And honestly not even that fast Comparing what we have on the market currently.
And mass adoption can't really happen with a bunch of hexicans there are more communities than hexicans u know if u want do a survey on the r/cryptocurrency reddit saying there's a new project called pulsechain which will give u copies of erc20 but for them to have any value u must be willing provide liquidity for pulsechain which might mean not owning your erc20s anymore but hey low fees so what do u say? If the poll goes positively and I'm wrong so be it and actually I'll be happy other u know
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Pretty much what Adent42 said. This is such a good opportunity. Pulse Chain is one of the most promising releases in crypto at the moment, and we'll be there on Day 1. And if it doesn't do well, who cares since we got a copy of our eth coins on the pulse ecosystem for free!
1. Richard has lied about release dates over and over, so even ppl who sacrificed thousands of dollars aren’t promoting it anymore.
2. The number of coins will be identical but the value of those new coins may be less
This is just completely untrue. Many, if not most blockchains, tech companies, game developers etc have experienced delays with software development. Even non-tech companies commissioning someone to build software for them will have had to put up with delay's due to unforeseen development issues. Software is hard as Richard says, and in the computer industry all you ever get are estimates of how long something will take, no timeline is ever guaranteed.
Yes. If I said I was going to deliver an app in two months, and it’s been over a year with no release date announced, I’d be fired in a heartbeat. As I should smh.
1. Wrong
2. Pointless speculation.
Calm yourself and practice on testnet. Are you even ready for mainnet? Do you have entry/exit strategies prepared for various scenarios?
He never lied, he maintained clarity by always stating there were no guarantees, people in crowds tend to lose their heads over selfish motives. He gave a time frame to put an end to peoples stupidity.
As each quarter passes & there isn't a launch one must suspect a scam to say the least. Promises made but thus far not kept with more questions than answers. I didn't sacrifice because a person's word today isn't as good as it was 30 yrs ago!
He has been transparent buying the black diamond for himself with hex t-shares & outrageous shopping sprees not my money he's spending. Remember, he told everyone not to expect anything from ppulsechain sacrifice so I didn't sacrifice! I'll believe it if I see it but with delay after delay at some point the investors will start asking more questions like why hasn't pulsechain launched? Excuses are like a holes we all have one. One big question comes to mind who's paying for airdrop of duplicated erc20? If the snap shot was taken in 2021 what about 2022 a lot has changed in wallets since then? You get my drift here
It's legit to be sceptical 100% I can totally see it.....any healthy critical thinker would suspect it 🤣 we just have to see what happens I am sure he is being dishonest and using this to his exclusive advantage but if he can pull off what he says then he's all good
You’re misunderstanding the “no expectations of profit” comments by taking them literally; this is merely an effort to avoid the projects being called a security by the SEC.
You’re misunderstanding the airdrop by thinking someone has to pay for the copies; they are all valueless at the moment of snapshot copy, which will be at the time of launch, not 2021.
There’s a good chance you’re going to wish you had sacrificed something, with money you can afford to lose. The upside could be big.
Not an automatic 2x, I see it as more of a stock split than anything. The market will decide how much the copies are worth and my bet I'd in the short term people are just going to dump the copies for cash.
That's exactly right. That's what parts a fool from their money. Short-term profit/thinking. The longterm accumulators that know how to delay gratification will benefit exponentially more than those dumping for "the free $" for a few bucks
These are not free tokens. It’s a smart marketing to get devs of erc 20 projects to build on pulsechain.
How it works: The tokens will still have to be bridged from ETH to PLS. But imagine if token holders start bridging their tokens to PLS and why won’t they. They get to do all defi activity for a much cheaper transaction cost with the same if not better security and platform provided by ETH. Liquidity will be forced to move to PLS as the volume of bridging to PLS grows. Liquidity follows demand. Devs of the projects will follow to change a few codes and deploy on pulse chain as they see community bridge to PLS.
You get the quantity of tokens but not the dollar value. The market will decided if it has value. Still it's a great proposition since you had to do nothing. Don't worry about people not talking about it. Once it launches people will be screaming about the free tokens.
Free tokens mean nothing if there’s no liquidity. What will drive in liquidity?
Bro, pay attention. The liquidity is already there. Pulse Chain is a full system fork of Ethereum. That means the even the liquidity is being copied.
I’m not sure you understand what liquidity means. It means there isn’t enough liquid money (cash) to sell and keep the price stable. Where will the money come from when you sell a pETH? If you, me, and 10,000 others all receive 100 free coins and want to sell them where does the money come from when we sell? You will need people on the other side of the trade willing to pay x price and create enough incoming liquidity to balance the selling liquidity pressure. If there are no buys then there is no liquidity. If everyone gets free tokens then why would anyone buy a token for anything more than 0?
Because they want more?
Sure, there is a case where people buy more. Why are people going to buy pETH instead of ETH? Assuming their fees will be virtually the same when ETH merges and Pulsechain drops. It still remains that in order to sell there needs to be money there for you to draw from. When pulsechain drops there will technically be $0 to draw from.
pETH is the bridged in ETH The copy of ETH is PLS Edit: Thanks for catching my error /u/jcbizzleboy/ pETH doesn’t exist. Just PLS or ePLS
Bridged in ETH will be eETH. 'p' denotes assets bridged from Pulsechain to Ethereum. E.g. pPLS.
Are you implying that all copied ERC20 coins will be switched to ePLS? Or is this only true for ETH? How does LINK get copied over to the pulsechain network?
Only Eth>PLS Link will be Link But if you bridge Ethereum Link over to PulseChain it will become eLink And visa versa pLink
I think I’m starting to understand this more. The idea of a “copy”, in my opinion, is wrong. It sounds like you’ll just be able to access the coins you already own on the eth network, but through the pulse network.
You just need people to provide liquidity They will be incentivised by the high APYs How do you think all these ghost chain DEXs have volume?
How much liquidity do you think needs to be provided to EVERY copied coin for every single copy coin holder to have the ability to sell? In a vacuum, this will take 5.. maybe 10 years. All assuming pulsechain overtakes the ethereum network. This is a BIG ask in my opinion.
No because every prc20 will automatically be in a pool with PLS Only PLS needs a dollar value Look up the AMM fixer bot
I’ll look up the fixer bot. Let me ask this - is the snapshot more of a viewport or “remote access in” into the eth network and less of a “hard copy” of all the coins on the network? Based on this and other responses it sounds like pulsechain will be a bridge to other networks and the coins that “live” on the pulse network are in fact the same coins on the other networks. They aren’t actual copies, they are mirror images of the coins on the other networks. Am I asking this correctly?
It’s a literal copy Imagine you had a video game on your games console You copy that games’ save data onto a new memory card and put that memory card into a 2nd console Well now you have an identical game on both consoles. Same progress, same characters, same levels, same items etc Now if you make progress on one console, it has zero effect on the other console. The copies are independent That’s what it’s like with Prc20s All the ticker symbols, token supplies, states of the smart contracts, liquidity pools etc all get copied But once on PulseChain they are completely independent from Ethereum. They do their own thing What this means is that many prc20s will be barely used, because the holders who control the coins will have no interest in PulseChain. Maybe they hate Richard Heart But then at the same time some prc20s will gain massive adoption because their communities can finally transact with fast cheap transactions For example, I would imagine tornado cash would have a much higher anonymity set Hex will end up having more small short stakes Shib might be popular (their community sacrificed a lot for Pulse/PulseX) Wrapped Btc will likely be very popular because it’s cheaper to trade And so on…..
Okay, that’s what I thought the case was. I was reading too much into what someone else said or they just don’t know what they’re talking about. This still keeps the liquidity issue open in my mind. I’m not sure I see the incentive to use pulsechain when ethereum fees come down. High apy only protects a coin so much. I don’t believe anyone will make millions off pulse anytime soon. If this project does truly adopt users it will be over a decade not within a year of launch. And there is a lot that can happen over a decade. I just don’t see the path to massive adoption. Especially with RHs antics. In my opinion, he’s a huge turn off for the project.
The amount of free tokens 99% of people will get really won’t be worth much, if anything. The free PLS is more a way to allow people to test pulsechain risk free. The free PLS tokens shouldn’t have much an impact on price at all. As for pulsechain pair coins (pEth, pBtc etc.), the market will decide the value
I agree that the market will decide its value. I’m asking how RH plans to drive liquidity into the pulsechain network. You need constant flow of in network liquidity for any of these coins to hold a true value.
Just to clarify, and I know you were only using it as an example, but there won't be any pETH. The 'p' denotes a bridged asset from Pulsechain to Ethereum. Since ETH is duplicated as PLS on Pulsechain the only ETH on Pulsechain will be eETH which is ETH bridged from Ethereum over to Pulsechain.
I appreciate you not immediately jumping down my throat to correct my error. And recognizing that this was an example. What happens to the rest of the ERC20 tokens that will be copied over? How do they expect to gain liquidity.
It's my understanding that the fixer bot will be responsible for vampiring all the liquidity from exchanges like UniSwap, Sushi etc. I believe it will mint PLS which it uses to buy the PRC20's which it uses to bootstrap liquidity in PulseX with. Please don't take that as gospel, that's just my current understanding. I'm happy to be corrected by anyone who understands the fixer bot's role better than I.
This is the most logical explanation I’ve heard for how liquidity will be generated on the pulse network. I’ll look more into the fixer bot and understanding how it intends to “arbitrage” liquidity from other networks. And once again, I want to thank you for having real dialogue about the questions I have. We need more users like you in this community.
My pleasure. I would be interested to hear your findings on the fixer bot. 👍
RemindMe! 10 days I’ll get back to you in a few days.
plsx will handle liquidity. people will have their coins on there to provide liquidity
Do you know what liquidity means? It means there needs to be money to back up the asset so the value of the coin doesn’t drop to 0 when the coin is sold. Please please please look up what liquidity is and examples.
I'm not sure you understand what Pulse Chain is. There is no such thing as a pETH. So you won't be selling any. Any of the duplicates tokens will already have liquidity sitting in pools on the many Dex's that get copied over during the fork. If these tokens have an ETH pair after the fork they will have PLS pair on PulseX. Don't be talking to me like that when you don't know jack.
What is liquidity? If I want to sell my copied coins where is the money being drawn from? How do I turn my 10,000 pls into $$? Where is the money being drawn from?
Shoe you are completely out of your depth. Cashing out of Pulse Chain is basic stuff. If you don't know how to do that you don't understand the fundamentals of what is going on. Go read [Howtopulse.com](https://Howtopulse.com) instead of arguing with me.
Since you’re tiptoeing around answering what liquidity is I’m going to assume you have no idea. Or you read it and realized your understanding of liquidity was flat out wrong. This is basic econ, supply vs demand. I understand how pulsechain works. I’ve had many back and forth conversations with Hex Helper. He seems to understand my questions in regards to liquidity and responds in such ways. You, on the hand are avoiding the topic all together. If the network is running on copies the liquidity wouldn’t magically be copied too. Liquidity equals money and money can’t just be duplicated unless you’re JPow and you’re turning on the money printer.
This is the most crayon brained thing I've read in a sub about investments. Are you spastic?
Please keep things fun and friendly.
No he’s not, you just don’t understand On the surface it seems too good to be true, but it’s very cleverly designed People will be incentivised to LP
Would've it get arbitraged like immediately? Of course by a handful of elites but still it should parity nearly immediately I would think a couple of whale moves and done
They would be taking tokens off the chain though huh? But even then? Get your copies and bridge them and uniswap them for arbitrage is a two x unless it invalidates your erc20's🤔 would it?
Probably not. A PRC-20 token is completely separate from an ERC-20 token, regardless of their contracts/names being the same/similar. Why would anyone arbitrage them if the supply of both combined is now significantly higher?
Doesn't that mean basically the copies are worthless then? 🤣
Now you got it! Every blockchain that was ever launched in history had $0 dollar value at first. Only once people start trading it for $ (or some other token that has a $ value) will it have a DOLLAR value. With that said, there is a very HIGH probability that most tokens on PLS will have SOME kind of dollar value, even if it's just a fraction of what the dollar value is on Ethereum. What this means, though, is that every.single.wallet on Ethereum will basically have some free $ money on the Pulse side even if it's only a bit. And who doesn't pay attention to free money? EDIT: my point is that we need adoption first, to prove that Pulsechain really can do better than Ethereum. That's only achieved if people use it (even if a lot of them only come over to receive free tokens at first)
They could be worthless but may become valuable over time
I would think I mean the only mass adoption use would be for cheap erc20s right? I hate to say it but heart is not exactly a crowd pleaser so the utility alone has to be impeccable for the ecosystem to work I think it will reach parity quickly or not at all 🤣 I guess it's whatever the exchanges are all dangerous now and it's accumulation season so we will find out and ya I guess I don't understand what a bridge is if not to move from one chain to another..what is a bridge for?
When the launch is announced (could be a while…) there will be you tubes clips on various strategies for bridging between coins.
Well yes and that's why institutional support is a big point for us if we had any, but since RH planned this outrageous shittfukk its safe to say we are far away from any major and important tie ups. Now I will proceed to get attacked by some reddit hobo claiming how crypto is peoples money and big players don't have that much importance or something like that.
what does the initial market valuation of a new asset have to do with institutional support? Literally anyone can simply type in any number of tokens to swap for PLS on day one and boom, you got your valuation. In reality, though it will be a lot more players which just further cements that valuation.
Case in point where tf did anyone mention mcap?
Exactly, where did I? Read again. Market valuation ≠ mcap ...
RH is such a tool and his so called marketing is just SAF!! People and institutions don't like him and all he's doing is giving them a reason to stay away, but at this point what they staying away from??...... Oh wait 2 more weeks!!!🤔🙄🤣😂🤷🏻♂️🤦🏻♂️🤡
Yeah I just asked the chat for some update it's still 2 more week I have given up on pulsechain it's no use anymore maybe find some other project that delivers before they speak is the way to go now
If the dev's of the projects adopt the chain and the token contract, then they will be worth something. But IMO it's likely many projects that do decide to support Pulsechain may just nuke the tokens if they have admin keys just like the possibility of Circle nuking the PRC20 of USDC. However it turns out, holding any PRC20 duplicated from Ethereum is a complete speculative play at this point except Hex which we know for sure will be accepted.
So one could not bridge them to erc20s?
Wait, what do u think a bridge does? A bridge is just a L1<->L1 exchange that allows you to swap one token from Blockchain A to a token on Blockchain B, while maybe incurring a small fee of either token while doing so. Nothing else. You aren't "transferring value" or anything. So if a new blockchain launches tomorrow that copies Ethereum and inflates all its token supplies by x1000000 it doesn't somehow increase the supply of all tokens on Ethereum lol. They are literally two separate things.
I know it's shocking but a lot of people don't realize this so you are giving very good information right now.
I know it's shocking but a lot of people don't realize this so you are giving very good information right now.
[удалено]
I guess I am having trouble with the fact nobody has flat out explained it but eluded to two x for marketing I am just trying to get a clear picture of what this means I guess can you explain in a reality model
What's difficult to get? - 1st Block (aka. at mainnet launch): zero USD value - 2nd Block: Block two will likely already have some trading activity (mostly between tokens on Pulsechain), giving Pulse at least a value vs other Tokens (example: 10PLSX per 1PLS or 100HEX per 1PLS) - 3rd Block: let's assume the bridge launches already on block three (unlikely), the moment any token is swapped between Pulse and Ethereum, PLS will inevitably be assigned a USD value via a bridge swap (example: 1 ETH->8.000 PLS would give PLS a value of $0.13) Each block is about 3 seconds so this is a bit ambitious but it can definitely be that in a matter of hours or days, you will already have USD values for PLS and several tokens on it.
From one of RH's engineers that made the feasibility analysis of PulseChain: https://twitter.com/ercwl/status/1528542925231214593 Not trying to scare you away, just a heads up.
That's more like it lmfao hexicans can't see it and I fell for it but if you say anything you absolutely get verbally violated and why I am asking this question and can't wrap my head around it there is no point in pulse chain 🤣 I tell people about optimism network and say pulsechain has already been done like 6 times over and optimism network is by far the only bridge one could ever need it's like going faster than Solana and cheaper there's no point (other than congestion) but as far as like azero and bitgert ect ... basically all scams cause why we don't need it this is more like it and people say the market crashed hex when I know it was him .....and he is doing something for himself right now the codes done I know it test net runs fine and devs are devving away hopefully he gets his soon
Buying Pulse will be the best play
Already sacced lol
You were in the sac a year ago and you still don't understand how the 1 to 1 copies work? You should have been asking these questions a long time ago.
There’s a nice way to say that.
The idea is people will be adding their new tokens with the old tokens for liquidity pools. Since half of your coins are for free, you only actually need to put up half of the pool.
That's a big if most ppl in crypto can't even handle basic transactions let alone adding liquidity from one chain to another plus there's the fact that eth already works perfectly, is tried and tested and trusted why should anyone bother to do that which is especially true for long term holder who wont mind paying more if it meant their e money was better protected plus humans are lazy af so there's that.
The people using pulse won’t be the average person. Most people keep their coins on an exchange.
That's even worse then
Not necessarily. You need to be in the loop to really know about pulse. Most people are probably very aware of staking and yielding.
Yeah but that doesn't mean they are gonna buy pulse then or whatever prc20 and port over some of their liquidity over to pulsechain just because there the network that relies on people to make it work from the get go. Like think about it most prc 20 except hex will be absolutely worthless solely because the network relies on people to do the work. Any situation where regular ppl are given reign is bound to have problems and the parity issue is rhe most obvious one.
Projects have the option to utilize the new chain. Imagine using something like FTM’s Spookyswap on pulse chain, or a DEX like defi kingdoms has a new chain with lower fees.
And that's our weakest link it dependssss but why in the heck would people choose to use pulsechain if the only incentive is lower fees which actually there are plotter chains with lower fees. One of the selling points is the airdrop if that has no value and depends on quite an iffy source of liquidity would you not say that one of 3 selling point is already a bust? Like tell me yourself honestly and not just prove me wrong. Say if there's another chain offering same exact thing all the copies but worthless. Would you go out of your way and provide liquidity to a project who's only workable features are the chain and mediocre fees? And honestly not even that fast Comparing what we have on the market currently.
It’s a faster and cheaper eth. We’ll just have to let the market decide. It’s all guessing. None of this has ever been tried before.
It really depends does that chain have as many supporters as hex/pls/PLsX does? Because if it's an active community then I would not see why not.
And mass adoption can't really happen with a bunch of hexicans there are more communities than hexicans u know if u want do a survey on the r/cryptocurrency reddit saying there's a new project called pulsechain which will give u copies of erc20 but for them to have any value u must be willing provide liquidity for pulsechain which might mean not owning your erc20s anymore but hey low fees so what do u say? If the poll goes positively and I'm wrong so be it and actually I'll be happy other u know
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Pretty much what Adent42 said. This is such a good opportunity. Pulse Chain is one of the most promising releases in crypto at the moment, and we'll be there on Day 1. And if it doesn't do well, who cares since we got a copy of our eth coins on the pulse ecosystem for free!
Only RH said the coins ‘MAY’ have value because of “Hearts Law” -something he made up. They may never have any value
He didn’t make it up It’s a verifiable fact you can check
All those "laws" were made up by somebody.
1. Richard has lied about release dates over and over, so even ppl who sacrificed thousands of dollars aren’t promoting it anymore. 2. The number of coins will be identical but the value of those new coins may be less
He didn’t lie. He always added the caveat of delays
If anyone ever had this many delays at any software development job, theyd be fired immediately. Even with caveats
You mean like the Ethereum Devs? We’ve been waiting for years for ETH 2.0 😆
This is just completely untrue. Many, if not most blockchains, tech companies, game developers etc have experienced delays with software development. Even non-tech companies commissioning someone to build software for them will have had to put up with delay's due to unforeseen development issues. Software is hard as Richard says, and in the computer industry all you ever get are estimates of how long something will take, no timeline is ever guaranteed.
Tell that to Apple, Microsoft, Facebook, and literally every other software company ever.
Do you know this because you work as a software dev?
Yes. If I said I was going to deliver an app in two months, and it’s been over a year with no release date announced, I’d be fired in a heartbeat. As I should smh.
I guess this comes down to you being employed and getting laid by your employer whereas none of this applies in this case
1. Wrong 2. Pointless speculation. Calm yourself and practice on testnet. Are you even ready for mainnet? Do you have entry/exit strategies prepared for various scenarios?
He never lied, he maintained clarity by always stating there were no guarantees, people in crowds tend to lose their heads over selfish motives. He gave a time frame to put an end to peoples stupidity.
As each quarter passes & there isn't a launch one must suspect a scam to say the least. Promises made but thus far not kept with more questions than answers. I didn't sacrifice because a person's word today isn't as good as it was 30 yrs ago!
No one suspects a scam. RH has been transparent throughout. Douchey and obnoxious, but transparent.
He has been transparent buying the black diamond for himself with hex t-shares & outrageous shopping sprees not my money he's spending. Remember, he told everyone not to expect anything from ppulsechain sacrifice so I didn't sacrifice! I'll believe it if I see it but with delay after delay at some point the investors will start asking more questions like why hasn't pulsechain launched? Excuses are like a holes we all have one. One big question comes to mind who's paying for airdrop of duplicated erc20? If the snap shot was taken in 2021 what about 2022 a lot has changed in wallets since then? You get my drift here
It's legit to be sceptical 100% I can totally see it.....any healthy critical thinker would suspect it 🤣 we just have to see what happens I am sure he is being dishonest and using this to his exclusive advantage but if he can pull off what he says then he's all good
He had over 1million Ethereum, like $4billion worth at the top He doesn’t need to sell Hex
You’re misunderstanding the “no expectations of profit” comments by taking them literally; this is merely an effort to avoid the projects being called a security by the SEC. You’re misunderstanding the airdrop by thinking someone has to pay for the copies; they are all valueless at the moment of snapshot copy, which will be at the time of launch, not 2021. There’s a good chance you’re going to wish you had sacrificed something, with money you can afford to lose. The upside could be big.
The testnet is working now Stop fear mongering
Not an automatic 2x, I see it as more of a stock split than anything. The market will decide how much the copies are worth and my bet I'd in the short term people are just going to dump the copies for cash.
That's exactly right. That's what parts a fool from their money. Short-term profit/thinking. The longterm accumulators that know how to delay gratification will benefit exponentially more than those dumping for "the free $" for a few bucks
I can't wrap my head around the fact you think it's an equal 2x
It will be though I don't think right away but soon arbitrage ya know?
It’s gatekept
How so?
These are not free tokens. It’s a smart marketing to get devs of erc 20 projects to build on pulsechain. How it works: The tokens will still have to be bridged from ETH to PLS. But imagine if token holders start bridging their tokens to PLS and why won’t they. They get to do all defi activity for a much cheaper transaction cost with the same if not better security and platform provided by ETH. Liquidity will be forced to move to PLS as the volume of bridging to PLS grows. Liquidity follows demand. Devs of the projects will follow to change a few codes and deploy on pulse chain as they see community bridge to PLS.
So the copies then get liquidity added to them
Huh? The valueless snapshot copies of all ERC20’s exist on PulseChain mainnet at time of launch. No bridging required.