PulseX - USA

PulseX, Pulsechain's flagship DeFi token swap platform, also went live on the same day. PulseX network provides participants with access to Defi features like AMMs, liquidity pools, and yield farming.

What is PulseX, and Why Did People Give It a Billion Dollars?

Have you already heard of Pulse Chain and Pulsex token? Last January 10, the so-called PulseX sacrifice ended. People gave billions in investment, making the Pulse project one of the biggest funding rounds in cryptocurrency history. And this came four months after the half-billion dollar sacrifice to Pulse Chain. The pulse chain is the Ethereum fork, and PuleX is the main DEX.

In this article, we explain what PulseX is, who is the project’s creator, and why the project made such noise in the crypto world. So let’s get started.

PulseX – what’s the idea?

We have recently seen a spike in GAS prices on Ethereum mainnet transactions with fees of up to several hundred dollars for simple transactions. This fee increase is because the blocks on the Ethereum blockchain are constantly full due to the increasing demand by all Ethereum-based Dapps.

These prices should theoretically decrease when all dapps are merged to Ethereum 2.0, although there is no guarantee.

In addition, the Ethereum “Berlin” fork guarantees an increase in transaction costs on the Hex blockchain as Vitalik has decided to increase the GAS fees necessary to perform the most basic arithmetic operations on the EVM (Ethereum VirtualMachine).

The founder of Hex, Richard Heart, has therefore decided to make a fork of Ethereum specially dedicated to Hex. This new fork is, therefore, already being prepared. The name of this new blockchain is PulseChain. And PulseX is Pulse Chain native DeFi exchange application, allowing users to exchange tokens with each other on PulseChain.

Who is Richard Heart, creator of HAX and Pulsex

Richard is the founder of HEX. The latter made a fortune in cryptocurrencies and, more particularly, in Bitcoin, which he has held since the first phases of the project. Thus, he could mine Bitcoins directly with his processor for a while when the difficulty of the verification algorithm was not so energy-intensive. Richard indeed states that he was able to mine rewards of 50 Bitcoins at a time at the very beginning of the network.

How did he become a multi-billionaire? It’s quite simple. Richard owned a network marketing business at the time, in which he made his fortune. He then sold his business and reinvested a significant portion of his earnings in Bitcoin.

And most important of all: he has never sold or been on the short side of Bitcoin. As he repeats throughout the stream: daytraders, who try to short most often lose all their money. The long side is, therefore, of course, where the chances of winnings are most significant in cryptos as it is in the living demonstration.

His fortune has therefore increased significantly in recent times with the rise of Bitcoin, although Richard is no longer very optimistic about the future of Bitcoin.

Initial PulseChain investors are even able to sacrifice their BTC to receive their Pulse tokens.

Pulsex tokenomics

The price of PulseX has risen by 12.36% in the past 7 days. The price increased by 0.11% in the last 24 hours. The current price is USD 311.97 per PLSX. Inversely, USD 1.00 would allow you to trade for 0.0032 PLSX, while USD 50.00 would convert to 0.1603 PLSX, not including platform or gas fees.PulseMarkets’ price today is $0.020521035006, with a 24-hour trading volume of $3.04.The total maximum supply of the PULSE tokens is 100 million.