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Wagmi Journal ~2 min read preserved as written not financial advice

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PulseX

  • PulseX is the main DEX for PulseChain.
  • Brief information about PulseChain:
  1. Built to solve Ethereum’s recent update which increases transaction cost in the long term.

  2. 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.

  3. TL;DR a better version of Ethereum.

  • PulseX, PulseChain, and HEX is created by Richard Heart:
  1. Good track record, he created HEX (world’s first blockchain Certificate of Deposit). Price action of HEX – price has gone more than 10,000x.

  2. 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:

  1. Users could only buy the token during a specific sacrifice time frame

  2. The users would receive sacrifice points, which are 1:1 to the target token

  3. The first 5 days have the best rate, afterwards the sacrifice cost would increase

  4. 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

  5. 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.

  6. 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:

  1. 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.

  2. Initial liquidity came from “AMM ratio fixer bot”, harvesting from other DEX.

  3. Summary: PulseX has lower fees and highest liquidity in the PulseChain.