INTRODUCTION
As with any investment asset purchase, as a potential investor, you should as a rule diligently research the potential project before opening your wallet. This subsection of the PulseChain Coin Guide may operate as your starting point in researching whether or not PulseChain is an investment suited for you.
FACTORS IN FAVOR OF INVESTING IN PULSECHAIN (PLS)
- Through a review of the various published official PulseChain submissions, PulseChain makes claims relative to the Ethereum blockchain as follows:
- PulseChain does not consider itself to be an Ethereum killer nor to be in direct competition with Ethereum, but rather wishes to decrease the burden upon the Ethereum main ecosystem.
- PulseChain states that it will increase Ethereum's value by causing a decrease in Ethereum transaction fees through it's sharing of Ethereum's transactional load.
- PulseChain states that it's blockchain will be more energy efficient than the Ethereum blockchain.
- PLS, the native utility token of PulseChain, is designed in a fashion to be deflationary through it's token burn mechanics.
- PulseChain block validators receive their fees and 25% of said fees will likewise be burnt.
- PulseChain will employ a Delegated Proof of Stake model (DPoS) thereby lowering it's transaction fees as compared to Ethereum's current excessive fees.
- The DPoS model employed by PulseChain will also permit optimization of block times to 3 seconds as compared to Ethereum's block times of 13 seconds.
- PulseChain makes somewhat of an incomprehensible statement that it will enrich ERC-20 and NFT users: "The launch of PulseChain is the largest airdrop in history. Thousands of Ethereum based tokens and NFTs receive their free PulseChain versions. This new gold rush contains the value discovery of thousands of tokens and NFTs on PulseChain. If you always wanted to be a whale in a certain ERC20 or NFT, maybe now you can be". [PulseChain. Energy Efficient, Cheaper, Faster, Fee-Burning Ethereum Fork. (Accessed September 24, 2021)].
- PulseChain is designed as a hard fork of Ethereum. As such, PulseChain will replicate each and every ERC-20 existing on the Ethereum chain on to it's chain with all assets starting with a zero value. Even if you have not invested in PulseChain, you will receive a copy of each and every ERC-20 asset you own on PulseChain.
- Pulsechain is supposed to be easy to use with a MetaMask wallet. All a user needs to do to utilize MetaMask with PulseChain is to change a single setting.
- PLS (the PulseChain native utility token) may be staked by the owner and delegated to various validators for a reward of a large percentage of fees. As such, the potential of a high yield is present for the delegator.
- The Pulsechain blockchain will supposedly be interoperable with other blockchains having smart contract capabilities.
FACTORS AGAINST INVESTING IN PULSECHAIN (PLS) - RED FLAGS!
- Pulsechain's unique pre-launch 'sacrifice period' [where user's effectively burn tokens (such as ETH) that they already own to be replaced by a greater amount of PLS when PulseChain blockchain finally launches) is new to the blockchain paradigm and accordingly is suspicious and questionable. Said 'sacrifice period' ended August 2, 2021, but so far all that those who 'sacrificed' have received are 'sacrifice points' as the blockchain as yet has not been launched.
- It is an interesting fact the naming of this as a 'sacrifice'. The associated term 'sacrifice' must be questioned in light of the fact the launch is to be at zero value (supposedly so there will be no profit from the work of others) and that it will not consist of a taxable event upon issuance of the revived coins.
- A shady disclaimer relative to this 'sacrifice period' is presented by PulseChain on it's official website. This disclaimer is set forth below and it is up to you, the potential investor, to determine the weight you wish to place upon it:
You are sacrificing to prove how strong you believe that blockchains are speech and speech is a protected human right. This is an important political statement. You must have no expectation of profit from the work of others. The set of people who have sacrificed to show their commitment to this political statement makes a great set of people to airdrop free things to. This sacrifice points are not meant to have any monetary value. Remember, you're not buying anything, the world is just noticing you are amongst a group of people that sacrificed to make a political statement. Some countries tax their citizens when they receive things of value. PulseChain and all the coins on it are designed to start with no value, which is ideal. Consult your own legal and financial professionals, as nothing written here should be considered professional advice. The only thing we know of set to be airdropped for free to this political group so far is PulseChain (PLS.) If we hear about other cool things, we'll let you know.
[Id.].
- With the exception of the sacrifices going to the SENS Organization, a designated charity, it appears that all other sacrifices go directly to the developer, Richard Heart.
- PulseChain makes the claim that it's launch is imminent. However, in a release dated August 17, 2021, Pulsechain outlined it's 'to do' list required before launch, as follows:
Pulsechain Main Net Minimum Viable Product
testnet
- go.hex.com working with pHEX
- Bridges with ETH, and other large Ethereum ERC20s
- A possible Uniswap Frontend for Pulsechain….huge.
- Block explorer for Puslechain and PLS.
And now we get to post Minimum Viable Product Release:- Trading: Pancake Swap, a fork of uniswap with LP rewards. Both ERC20 and Pulsechain 20 pairs.
- Coin ranking sites for Pulsechain network coins/tokens. (Think Nomics, coinmarketcap).
- Wallet to replace metamask. (who will operate this?)
- Uniswap but doing it across chains
- Stablecoin from Richard Heart’s own exchange.
[PulseChain. Major Pulsechain Updates – When will Pulsechain launch?. (Accessed September 24, 2021)].
In light of the somewhat long and technical list of pre-launch conditions presented by PulseChain itself, you should be pressed to conclude that that the PulseChain blockchain will launch in the near future.
CONCLUSION
This subsection has provided you, the potential investor in PulseChain (PLS), with the key elements to consider in reaching a final decision on investing in this coin. In reaching a final investment decision however, many differing opinions should be sought out. Reliance on this guide subsection or any other one research source is highly discouraged.
It is a given that every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the factors and information above provided and that you may learn from diligent research in finalizing any investment decision.
Although your author rarely makes specific investment recommendations and prefers to provide you the relevant project facts and let you, the potential investor, reach your own conclusion, such is not the case with respect to PulseChain. In your author's humble opinion, too many 'red flags' are associated with this project to classify it as a good, safe and trustworthy investment. Therefore, if you determine you wish to proceed with PulseChain, please do so using extreme caution and never invest more than you can afford to lose. Good luck.
RECAP: PROCEED WITH EXTREME CAUTION
DISCLAIMERS
- Your author holds no investment stake in PulseChain.
- The content herein is presented for educational purposes only and should not be construed as investment advice.
- Any loss incurred as a result of investing in PulseChain is yours and yours alone and this author bears no responsibility for the same.
- Any forgone profit as a result of not investing in PulseChain is likewise yours and yours alone and this author bears no responsibility for the same.