archive
PulseX
- PulseX is the main DEX for PulseChain.
- Brief information about PulseChain:
-
Built to solve Ethereum’s recent update which increases transaction cost in the long term.
-
The drawback of Ethereum’s high transaction cost would hugely impact the token HEX – the first token that has a Blockchain Certificate of Deposit and currently the highest interest amongst other blockchain.
-
TL;DR a better version of Ethereum.
- PulseX, PulseChain, and HEX is created by Richard Heart:
-
Good track record, he created HEX (world’s first blockchain Certificate of Deposit). Price action of HEX – price has gone more than 10,000x.
-
PulseChain is a copy of ETH but faster and more efficient. Largest Airdrop.
-
To buy PulseX’s native token (PLSX), users must ‘sacrifice’ their eligible tokens.
-
Sacrificing is a new method of purchasing tokens before the token is available in the open market:
-
Users could only buy the token during a specific sacrifice time frame
-
The users would receive sacrifice points, which are 1:1 to the target token
-
The first 5 days have the best rate, afterwards the sacrifice cost would increase
-
For example, for $1 users receive 10,000 SPs. However, users would require $9.9 to receive that same amount on the last day before sacrifice phase ends
-
At the end of the period, users could receive a bonus for the amount of USD sacrificed. The more USD value a user sacrifices, the higher the bonus.
-
Transacting sacrifice is recommended on non-custodial wallets as the target token would be sent there.
-
-
PulseChain raised $670,007,371 during the sacrifice phase, of which there are 5 addresses that sacrificed more than $10 million.
-
PulseX would have another native token other than PLSX to incentivize liquidity pools.
-
Technicalities:
-
Trading fees: 0.29% on every swap. Lesser than mainstream DEXs. 76% of all trading fees would be distributed to the Liquidity Providers. 21% of the fees in PLSX are burned, hence the token is deflationary.
-
Initial liquidity came from “AMM ratio fixer bot”, harvesting from other DEX.
-
Summary: PulseX has lower fees and highest liquidity in the PulseChain.