The IDO was held at $0.001 USD per $PLSPAD on BSCPAD, ETHPAD, KCCPAD, TRONPAD, ADAPAD, and VELASPAD. The coin quickly took off and is now trading for $0.3036 on DEXs. Since its inception a few hours ago, the trade volume had reached $41,496,446.31. The market valuation has increased from $170,000 at the time of listing to $42,824,288.22 at the time of publication.
PulseChain has gained popularity as an Ethereum sister chain that provides a stable foundation for developing dApps while also reducing the burden on Ethereum. Its competitive advantage comes from its validator-based consensus mechanism, efficient virtual machine, and fee-based burn solution. PulsePad intends to foster growth in the PulseChain ecosystem by listing possible projects that will be built on the network.
The $PLSPAD token is deflationary. The token supply will be reduced over time as a 10% fee is levied on all $PLSPAD purchases, and an up to 25% burn cost is levied on early unstakers. PulsePad also needs listed projects to follow this burn token method, which they may do by purchasing and burning $PLSPAD in order to start their IDOs.
$PLSPAD has a total supply of 5B, of which 14% is designated for public sales. At the TGE, 10% of the tokens received during the IDO are unlocked. This is followed by a one-month cliff and six months of linear vesting.
PulsePad adheres to a three-tiered guaranteed token allocation method that makes IDOs available to retail investors, keeping with PulseChain’s objective of becoming a democratic, inclusive alternative to Ethereum.
By adding the PulseChain network RPC to Metamask, you can access PulsePad. The IDOs will be carried out via pETH, which is ETH locked on Ethereum and bridged to the PulseChain network. PulseChain Bridge enables the conversion.
The platform’s mission is to list high-quality initiatives with long-term goals and assist them in obtaining the initial assistance they require from IDOs. They were hand-picked by the Bluezilla team, which also created BSCPad, Tronpad, ETHPad, KCCPad, NFTLaunch, ADAPad, VelasPad, and GameZone.
PulseChain made history when the community contributed $25 million in five days for the SENS Research Foundation (SRF). PulseChain, an Ethereum hard fork, claims to enhance Ethereum throughput by 4x by employing 3-second block timings.
It is marketed as an eco-friendly blockchain since it replaces Proof-of-Work miners with Proof-of-Stake validators. Another intriguing aspect of the network is the native PLS tokens’ 0% inflation rate. Validators only earn fees in this system, of which 25% is burned to lower the circulating supply.
PulseChain is the brainchild of Richard Heart, a well-known person in the cryptocurrency world. He gained fame not just because of his outspoken attitude and eloquence but also because of the manner he directed projects to success. HEX is the most obvious example. It is a cryptocurrency inspired by the notion of CDs, with a total market cap of $31,216,937,414 at the time of writing. PulsePad is off to a wonderful start, thanks to Richard’s goodwill and the devoted community of PulseChain followers.