For the project, it is a way to promote their project and attract users to their platform. For the users, it is an opportunity to receive free tokens and potentially make a profit by selling them at a later time. Sign into a wallet (with your private key phrase), set the network to ‘PulseChain’ and you will then have access to your tokens on the PulseChain blockchain.
Scenario 3: You own a token that can be in ERC20 format, but isn’t currently
CRO (my favourite token) can be held as an ERC20 based token. I have a reasonable amount of it, so I decided to temporarily remove it from DeFi and place it into the Ethereum blockchain, to take advantage of the PulseChain airdrop. It is usually possible to convert (or ‘bridge’) from one version of the token to another. So you must do this and then ensure your tokens are in a hot or cold wallet that you own (I use and recommend the Ledger Nano X). It’s likely that the ERC20 based tokens with the larger market caps will have a larger developer community, so will be more likely to have development activity and user engagement. You will get tokens, equivalent in number to the ERC20 tokens you already have, with zero to minimal effort and it’s 100% safe.
How can You Access Tokens on the PulseChain Blockchain?
PulseChain is a new blockchain which will be created by copying Ethereum and changing some if its code, making it faster and cheaper to transact on. It’s not just the Ethereum code that’s being copied, but all the tokens (including currencies and NFT’s) that currently reside on the Ethereum network as well. You did get all your staked HEX 1 to 1 as well as any other token that is locked in a contract on the Ethereum blockchain. It does not matter if your tokens are staked or liquid since the smart contracts holding the locked tokens have been copied over to PulseChain.
Tokens per Claim
There is no risk of losing any tokens on the Ethereum network as part of the hard fork. If you hold currency or NFT’s on the Ethereum network at the time of the hard fork, you will get a duplicate version of these on the PulseChain network. The current Ethereum network will remain untouched, PulseChain will be a duplicate with code changes. I won’t go into detail in this article so if you want to learn more about it, check out the How To Pulse website. If you’ve already sacrificed, you should not expect anything out of a sacrifice. Consider it a contribution to the betterment of the whole blockchain technology, its community and a step towards decentralized financial freedom.
- CRO (my favourite token) can be held as an ERC20 based token.
- The tokens are then distributed to the users who meet the requirements.
- It is usually possible to convert (or ‘bridge’) from one version of the token to another.
- You will be able to trade your tokens and/or move them to the PulseX Decentralised Exchange to earn profit from farming.
- If you’ve already sacrificed, you should not expect anything out of a sacrifice.
Airdrops work by requiring users to hold a certain amount of PulseChain in their wallets, usually during a specific time frame, to be eligible for the free tokens. The tokens are then distributed to the users who meet the requirements. Airdrops are typically announced on social media channels, forums, and other online communities.
A copy of the staked tokens is also staked for the same amount of time. For example, if you currently have HEX staked for 10 years, their copy on PulseChain is also staked for 10 years. This means that on the day that the PulseChain mainnet https://cryptolisting.org/ launched, it already had the full state of everything that happened on Ethereum rather than being an empty blockchain. It contains all the data from Ethereum (tokens, NFTs, smart contracts, addresses, transaction history & states).
The hard fork is planned to occur in Q (i.e. by the end of March 2022). All existing ETH on the Ethereum network will be converted to PLS on the Pulsechain network and the PLS supply will be inflated by at least x10,000. Mark contributions as unhelpful if you find them irrelevant or not valuable to the article.
This feedback is private to you and won’t be shared publicly. PulseChain is an Ethereum fork, with delegated proof of stake validators, shorter cryptocurrency wallet guide 3second blocks, no mining, no inflation, fee-burning blockchain. However, you still could sacrifice from many different blockchains.
It’s important to note that not all airdrops are legitimate, and some may be scams or fraudulent. It is always advisable to research the project and the team behind it before participating in an airdrop. Well, the creators and developers of PulseChain, such as its head Richard Heart, has announced that come launch time for PulseChain, there will be a quasi-airdrop. Just as a heads up, the final details of this airdrop are not set in stone and are subject to change before the actual launch of PulseChain. There is a lot of interest and anticipation for the PulseChain blockchain — both from people who want it for its utility and others who are excited to get free tokens.