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Started By
Message
re: New Crypto Launching In 2023 – PulseChain
Posted on 4/29/22 at 6:23 pm to tenderfoot tigah
Posted on 4/29/22 at 6:23 pm to tenderfoot tigah
Never been closer
0
Posted on 4/29/22 at 6:38 pm to FnTigers
quote:
We will always have 33. The top delegated 33 will stay in rotation
I see, I misunderstood the docs. Interesting. Makes me wonder how will new validators/pools incentivisze staking to get ahead.
I don't know if I'm convinced it'll be a legit ETH killer, but it definitely could be something that unseats some alt chains.
This post was edited on 4/29/22 at 6:39 pm
Posted on 4/29/22 at 7:01 pm to Hulkklogan
It's not meant to kill eth. It's meant to take users and make eth more affordable to transact.
Posted on 4/29/22 at 7:09 pm to FnTigers
quote:
It's not meant to kill eth. It's meant to take users and make eth more affordable to transact.
It should have been meant to kill it. I mean, if what everyone says is true, Pulse will the be the 1st chain to launch that can "actually" scale.
Thus far, not a single POS project has been able to figure it out. If Pulse did get it right, it should very much kill ETH. How long that would take? Who knows. Would need over a Trillion in assets I suppose to test validity of scaling.
I am super interested to see what they do different. ETH 2.0 has had major problems with sharding and security as have all of the major projects.
In anycase, I am going to do my best degen efforts in PulseX!
This post was edited on 4/29/22 at 7:11 pm
Posted on 4/29/22 at 7:13 pm to Hulkklogan
quote:from what I understand, they can change their reward levels to incentivize people to join them
Makes me wonder how will new validators/pools incentivisze staking to get ahead.
Posted on 4/29/22 at 7:15 pm to CarRamrod
quote:
from what I understand, they can change their reward levels to incentivize people to join them
How much will validators even make with such low fees?
I read 75% go to validators and 25% gets burned, but have no clue what that actually means with regards to value.
This post was edited on 4/29/22 at 7:16 pm
Posted on 4/29/22 at 7:36 pm to JayDeerTay84
really who cares how much validators make.... no one here will be a validator
they might make crap.... but having a fast successful running chain with massive price appreciation for the token that they hold large amounts of will net them 100s of millions in gains
they might make crap.... but having a fast successful running chain with massive price appreciation for the token that they hold large amounts of will net them 100s of millions in gains
This post was edited on 4/29/22 at 7:38 pm
Posted on 4/29/22 at 7:41 pm to acesfull18
quote:
really who cares how much validators make.... no one here will be a validator
they might make crap.... but having a fast successful running chain with massive price appreciation for the token that they hold large amounts of will net them 100s of millions in gains
Hmm, I dont mean this from a negative way. Staking is a nice way to earn yield. Obviously, the more people staking the better.
This post was edited on 4/29/22 at 7:42 pm
Posted on 4/29/22 at 8:14 pm to tenderfoot tigah
So does PulseChain create duplicates of every single coin. Like if I have 100 LINK in a wallet I will still have 100 LINK and then get airdropped 100 Pulse LINKx?
So 1200 worth of LINK and now a free $1200 of LINKx?
How will this not crash the market if it essentially doubles the supply of everything?
So 1200 worth of LINK and now a free $1200 of LINKx?
How will this not crash the market if it essentially doubles the supply of everything?
Posted on 4/29/22 at 8:21 pm to JayDeerTay84
quote:idk how much validators make......but do you want me to give you some numbers on PulseX?
How much will validators even make with such low fees?
If PulseX does $1billion in volume a day...that's $700k buying PulseX and burning it. To put it in to perspective. Uniswap does around 1.7billion an day. That's 1.19 million dollars a day buying and burning PulseX.
Posted on 4/29/22 at 8:24 pm to tigersint
quote:yes.... If you have 100 link on eth in your wallet ... Your wallet will have 100 link on pulsechain. But as far as price that 100 link on pulse chain will be determined buy the market.. that's the game theory In this.
So does PulseChain create duplicates of every single coin. Like if I have 100 LINK in a wallet I will still have 100 LINK and then get airdropped 100 Pulse LINKx?
So 1200 worth of LINK and now a free $1200 of LINKx?
How will this not crash the market if it essentially doubles the supply of everything?
Posted on 4/29/22 at 8:29 pm to JayDeerTay84
you talking about just regular people delegating their pulse to a validator?
I agree yield is great but there probably won't be much to be made with the ridiculously cheap transaction fees but when pulse is doing 100's of Xs in gains I can find better yield elsewhere
I agree yield is great but there probably won't be much to be made with the ridiculously cheap transaction fees but when pulse is doing 100's of Xs in gains I can find better yield elsewhere
Posted on 4/29/22 at 8:32 pm to CarRamrod
say it can average 750k worth of buy and burn daily
that's 275 million a year of straight buy pressure that's bought and burnt .... that pulseX will never be around to sell and drive the price down
please someone find me a coin with better tokenomics
cause if yall know of one I'd love to invest in it
that's 275 million a year of straight buy pressure that's bought and burnt .... that pulseX will never be around to sell and drive the price down
please someone find me a coin with better tokenomics
cause if yall know of one I'd love to invest in it
This post was edited on 4/29/22 at 8:34 pm
Posted on 4/29/22 at 8:36 pm to acesfull18
Well from my understanding the PulseChain validator nodes will run much like BNB.
For example, on Trust wallet, I can stake my BNB there for about 9%.
Yes you can make higher yield else-where, but there is some solid strategy to keep a % of your layer 1 bag in a spot that gains passively via staking in addition to price appreciation.
For example, on Trust wallet, I can stake my BNB there for about 9%.
Yes you can make higher yield else-where, but there is some solid strategy to keep a % of your layer 1 bag in a spot that gains passively via staking in addition to price appreciation.
Posted on 4/29/22 at 8:40 pm to acesfull18
quote:
say it can average 750k worth of buy and burn daily
that's 275 million a year of straight buy pressure that's bought and burnt .... that pulseX will never be around to sell and drive the price down
please someone find me a coin with better tokenomics
cause if yall know of one I'd love to invest in it
BNB burns a lot. Their last burn was over $700K. They burn once a quarter I believe but the amounts vary.
But yea not that much lol. Which is kinda crazy as BNB is a pretty solid chain and PulseX will look to burn much more.
Edit: I guess PulseX would be more comparable to Pancakeswap. Their burn rate is only 10%.
Edit2: Man now that I think about it, it would be sweet if they have some type of similar setup like Pancake with staking and farms for new projects on BNB in addition to the bigger burn rate.
One of the things that kinda held pancake back was how much cake was minted each day. Even with the 10% burn it just couldnt catch up.
This post was edited on 4/29/22 at 8:53 pm
Posted on 4/29/22 at 9:07 pm to JayDeerTay84
So to touch on your second edit. There will be staking pools and many liquidity pools that will earn Incentive token and Rewards token. They have been running flawlessly on Testnet for months now. Also, the buy and burn function can be initiated by anyone on the PulseX site, it’s performed by the users. You can go to it and hit the button yourself, It will be executed many many times a day.
Posted on 4/29/22 at 9:08 pm to Tower_Tiger12
That’s pretty cool and I like that’s built into the code.
Posted on 4/29/22 at 9:16 pm to JayDeerTay84
And I appreciate you guys mentioning that burn rate over and over.
It took a minute to sink in. While I knew they burned a lot, I never compared it until just now with my current chains and now with PulseX. Maybe because we finally have a date I started crunching the numbers.
That’s some serious burn.
It took a minute to sink in. While I knew they burned a lot, I never compared it until just now with my current chains and now with PulseX. Maybe because we finally have a date I started crunching the numbers.
That’s some serious burn.
This post was edited on 4/29/22 at 9:17 pm
Posted on 4/29/22 at 9:19 pm to JayDeerTay84
quote:doesn't cake not have a set market supply? Will it does burn, doesn't it mint as well?
Edit: I guess PulseX would be more comparable to Pancakeswap. Their burn rate is only 10%.
quote:so you obviously havent looked into PulseX.
Edit2: Man now that I think about it, it would be sweet if they have some type of similar setup like Pancake with staking and farms for new projects on BNB in addition to the bigger burn rate.
Posted on 4/29/22 at 9:24 pm to JayDeerTay84
quote:here you go....the buy and burn has only be running for what... 2-3 months.
And I appreciate you guys mentioning that burn rate over and over.
It took a minute to sink in. While I knew they burned a lot, I never compared it until just now with my current chains and now with PulseX. Maybe because we finally have a date I started crunching the numbers.
That’s some serious burn.
This post was edited on 4/29/22 at 9:26 pm
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