Abstract:
WePulse (WEPLS) and WePulseX (WEPLSX) are cutting-edge PRC20 tokens built on the PulseChain network. WePulse was launched on May 21st, 2023, and is designed to offer holders a unique ecosystem that includes reflection rewards, token burning, and staking opportunities. WePulse provides holders direct market exposure to PulseChain assets such as Pulse (WPLS) and PulseX (PLSX).
1. Introduction:
WePulse (WEPLS) is a taxable PRC20 token contract that leverages the PulseChain network's capabilities to provide a seamless and rewarding experience for its holders. With a maximum total supply of one million tokens and a system which maintains zero inflation, WEPLS introduces innovative concepts like reflection rewards and staking to enhance token holder value.
WePulseX (WEPLSX) is a burnable PRC20 token contract which has no tax. It works in conjunction with WePulse token to enhance the gamification of our protocol while having PulseX token backing value.
2. Tokenomics:
WePulse Token (WEPLS):
WePulseX Token (WEPLSX):
- Total Supply: WEPLS has a total fixed supply of one million tokens and WEPLSX has a total fixed supply of one billion tokens, ensuring scarcity and long-term value preservation.
- No Inflation: WEPLS and WEPLSX were designed with zero inflation, safeguarding the token's purchasing power and providing a deflationary mechanism.
3. Reflection Rewards and Token Burning:
- Reflection Tax: Every transaction involving WEPLS incurs a 1% reflection tax. This tax is taken in WEPLS tokens and automatically distributed to all liquid token holders, providing them with passive income proportional to their holdings of the total supply. No tokens are sold into the liquidity pool to achieve this simple reflection mechanism, which preserves protocol value for all holders.
- Token Burning: Burn wallets are considered holders and thus receive reflection taxes. This mechanism contributes to the deflationary nature of WEPLS, reducing the overall token supply over time, as every transaction will reduce the circulating supply. WEPLSX is simply bought back and burned manually using project revenue, increasing the price floor over time.
4. Staking and WePulseX (WEPLSX):
- Staking Benefits: WEPLS holders can stake their tokens to earn WePulseX (WEPLSX) tokens. Staking offers a unique opportunity for token holders to participate in our ecosystem and earn DeFi rewards. While staked WEPLS holders will not receive reflection rewards- they are burned.
- WePulseX (WEPLSX): WePulseX is the staking reward token associated with WEPLS. It provides stakers with an additional layer of value appreciation, encouraging participation in the staking ecosystem to reduce circulating supply of WEPLS. Stake WEPLS and earn WEPLSX to receive price exposure on both WPLS and PLSX markets.
5. PulseChain Network Compatibility:
WePulse is built on the PulseChain network, which brings the efficiency and scalability of the Ethereum network while reducing transaction fees and environmental impact. The compatibility with PulseChain ensures a seamless and cost-effective user experience.
6. Use Cases and Adoption:
WePulse has various potential use cases within the broader crypto ecosystem, including but not limited to:
- Store of Value: The fixed supply and deflationary mechanisms make WEPLS & WEPLSX an attractive store of value.
- Governance: WEPIX token holders on HIVE participate in governance decisions related to the WePulse ecosystem.
- PulseChain Price Exposure: As adoption grows, WEPLS & WEPLSX give more market exposure to Pulse and PulseX cryptocurrencies. WePulse can be swapped directly for Pulse on-chain, whereby WePulseX can be swapped directly for PulseX, all while remaining fully liquid with no lock-up periods on staking.
7. Roadmap and Future Development:
The WePulse team is committed to continuous innovation and development in the world of DeFi. Future plans include:
- Enhanced Staking Features: Continuously improving the staking experience and rewards for token holders by offering new pool options or assets.
- Ecosystem Expansion: Exploring partnerships and integrations to increase the utility and adoption of WePulse among other platforms.
- Community Engagement: Nurturing an active and engaged community to drive natural organic growth and innovation. Our goal is to learn, earn and grow together in DeFi.
8. Conclusion:
WePulse (WEPLS) represents a paradigm shift in the world of cryptocurrencies by combining reflection rewards, token burning, and staking on the PulseChain network. With a fixed supply, zero inflation, and a commitment to building a robust ecosystem, WePulse aims to create a rewarding and sustainable experience for its holders.
For more information and updates, please visit the official WePulse Telegram WePulseChat and join our Twitter community on WePulseOfficial.
Disclaimer:
DISCLAIMER: This WePulse & WePulseX Token White Paper v1 is for information purposes only. WePulse (WEPLS) token & WePulseX (WEPLSX) are not a securities, they are intended to be purely utility tokens for the WePulse protocol. There is no guarantee of returns, never expect profit from the work of others. WePulse & WEPIXDAO does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. WePulse does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. WePulse, WePulseX, WEPIXDAO and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will WePulse, WePulseX, WEPIXDAO or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.
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