This was the biggest airdrop to ever occur since the genesis of blockchain technology. PulseChain is a layer-1 blockchain ecosystem that utilizes the codebase of Ethereum but with notable improvements. By forking from Ethereum, PulseChain aims to create a more efficient and user-friendly platform. It’s important to note that not all airdrops are legitimate, and some may be scams or fraudulent. It is always advisable to research the project and the team behind it before participating in an airdrop.
- Airdrops are typically announced on social media channels, forums, and other online communities.
- Airdrops are usually used to promote new blockchain projects, encourage user adoption, and create a community around a project.
- The hard fork is planned to occur in Q (i.e. by the end of March 2022).
- However, you still could sacrifice from many different blockchains.
- It incorporates a proof-of-stake consensus mechanism, which enhances energy efficiency compared to Ethereum’s proof-of-work.
For instance, If you hold $ETH you get $PLS coins, if you hold $HEX or ERC-20 you get pHEX or equivalent pERC-20 tokens. An airdrop is free tokens sent to your address in exchange for a service. This can be a retweet, a share, a small action or just being in the right place at the right time.
PulseChain Airdrop ( : Steps To Claim FREE $PLS Tokens
Just as a heads up, the final details of this airdrop are not set in stone and are subject to change before the actual launch of PulseChain. PulseChain Airdrop Hard Fork is worth a 1 to 1 copy of your ERC-20 & ERC-721 tokens on PulseChain. There is a lot of interest and anticipation for the PulseChain blockchain — both from people who want it for its utility and others who are excited to get free tokens. CRO (my favourite token) can be held as an ERC20 based token. I have a reasonable amount of it, so I decided to temporarily remove it from DeFi and place it into the Ethereum blockchain, to take advantage of the PulseChain airdrop.
After its prior to launch, Pulsechain has been able to be the #3 blockchain for the most 24-hour volume in the overall crypto industry. The most anticipated launch of the PulseChain mainnet experienced numerous delays following the sacrifice period in 2021. As a result, the primary objective of PulseChain is to alleviate some of the burdens on Ethereum’s ecosystem by offering support and reducing the strain on the network. It’s an interesting ‘experiment’ that I don’t want to miss out on, so I for one am in on the action. This will be the native token of PulseChain, so will have a ‘strong’ value within its ecosystem (nobody knows what the $ value will be). However, you still could sacrifice from many different blockchains.
This signifies a promising future filled with various opportunities for growth and innovation within the PulseChain ecosystem. It seeks to establish itself as an alternative entry point by offering faster, more affordable, and higher throughput transactions. PulseChain aims to drive the mass adoption of blockchain technology and smart contracts, rather than engaging in direct competition with Ethereum. The launch of the mainnet has sparked excitement within the industry, as its potential technology has the capacity to revolutionize the crypto landscape. This article will guide you to claim all of the free copies of those tokens on the Pulsechain through the MetaMask wallet.
You will be able to trade your tokens and/or move them to the PulseX Decentralised Exchange to earn profit from farming. All existing ETH on the Ethereum network will be converted to PLS on the Pulsechain network and the PLS supply will be inflated by at least x10,000. Nima Tamang is a finance and cryptocurrency enthusiast with a passion for exploring the intersection of traditional finance and emerging technologies. Hence, one should not miss the chance to claim this revolutionary digital asset for free through airdrops. PulseChain has gained a significant amount of attention in the crypto narrative as it positions itself as the first blockchain to fully fork Ethereum 2.0.
MAJOR potential airdrop alert – Backend By Binance!
This goes for all ERC20 tokens you have, in any amount. If you possessed these tokens in your own DeFi wallet before May 10, 2023, during the hard fork, you can claim a copy of all those assets on PulseChain. PulseChain is the full copy state of the Ethereum, and any ERC-20 tokens held on the Ethereum blockchain during the hard fork session will get a free copy of those tokens on the Pulsechain network. Airdrops can be beneficial for both the project and the users.
PulseChain is an Ethereum fork, with delegated proof of stake validators, shorter 3second blocks, no mining, no inflation, fee-burning blockchain.
- The ecosystem surrounding PulseChain is bustling with activity, with around 150 projects currently under development on the network.
- If your tokens are already on the Ethereum network and you own the private keys, just be patient!
- Anything held on the Ethereum network is forked to the Pulse network and will be shown as p[Anything].
- PulseChain recently conducted one of the largest airdrops in the history of cryptocurrency, and there is a possibility that you might be eligible to receive a free airdrop.
- An airdrop is free tokens sent to your address in exchange for a service.
▪️ Please note that the $PLS token is not yet tradable, so be cautious of scams! This article provides all the necessary information about the PulseChain Airdrop. The PulseChain blockcahin will be accessible from supported wallets, such as Metamask, Ledger and Trezor. When doing the above, I recommend testing the transfers to/from the Ethereum address with a small amount of money before sending a large amount. Whenever possible I use a Ledger Nano X hardware wallet, so here are the steps I followed. The value of the new versions of the tokens will be dependent on what the communities do with them, to add value.
Scenario 3: You own a token that can be in ERC20 format, but isn’t currently
This typicall happens when a new crypto launches to attract new adopters with free tokens or free coins. You did get all your staked HEX 1 to 1 as well as any other token that is locked in a contract on the Ethereum blockchain. It does not matter if your tokens are staked or liquid since the smart contracts holding the locked tokens have been copied over to PulseChain. A copy of the staked tokens is also staked for the same amount of time. For example, if you currently have HEX staked for 10 years, their copy on PulseChain is also staked for 10 years. It incorporates a proof-of-stake consensus mechanism, which enhances energy efficiency compared to Ethereum’s proof-of-work.
Moreover, PulseChain boasts faster transaction times and lower fees, offering an improved experience for its users. To qualify for the PulseChain airdrop, users were required to hold certain ERC-20 tokens, such as Pepe, SHIB, Chainlink, or Hex tokens, in their DeFi wallet. All coins and tokens you hold on the Ethereum ERC20 network in your wallet will be automatically copied over and cloned on the PulseChain network, simple as that…really! For example, if you have say 50,000 HEX in your wallet, you will automatically get 50,000 HEX for FREE on the new PulseChain network.
It is usually possible to convert (or ‘bridge’) from one version of the token to another. So you must do this and then ensure your tokens are in a hot or cold wallet that you own (I use and recommend the Ledger Nano X). It isn’t known exactly when the hard fork will occur — only that it is targeted for Q1 2022. It costs some money (in Ethereum gas fees) to move tokens to/from the Ethereum blockchain.
This is rumoured to be the largest Airdrop to occur since the genesis of blockchain technology! About PulseChain
PulseChain is a new fork of the Ethereum blockchain. Anything held on the Ethereum network is forked to the Pulse network and will be shown as p[Anything].
Despite Ethereum’s extensive user base and high transaction volumes, its drawback lies in the long execution times and steep GAS fees, mainly when the network is congested. PulseChain recently conducted one of the largest airdrops in the history of cryptocurrency, and there is a possibility that you might be eligible to receive a free airdrop. There is no risk of losing any tokens on the Ethereum network as part of the hard fork. If you’ve already sacrificed, you should not expect anything out of a sacrifice. Consider it a contribution to the betterment of the whole blockchain technology, its community and a step towards decentralized financial freedom.
In the case of PulseChain airdrop, there are 2 methods and you almost don’t have to do anything to double your tokens. So keep reading if you want to find out more about the airdrop that will go down in blockchain history as the biggest airdrop ever. The exciting part is that everything you own on the Ethereum blockchain, including ERC-20 tokens and NFTs, has been automatically replicated on PulseChain. Simply add the Pulsechain Mainnet network settings in your wallet, such as MetaMask, and witness your tokens appearing on the screen. Airdrops work by requiring users to hold a certain amount of PulseChain in their wallets, usually during a specific time frame, to be eligible for the free tokens. The tokens are then distributed to the users who meet the requirements.
It’s likely that the ERC20 based tokens with the larger market caps will have a larger developer community, so will be more likely to have development activity and user engagement. The hard fork is planned to occur in Q (i.e. by the end of March 2022). The ecosystem surrounding PulseChain is bustling with activity, with around 150 projects currently under development on the network.
For the project, it is a way to promote their project and attract users to their platform. For the users, it is an opportunity to receive free tokens and potentially make a profit by selling them at a later time. Sign into a wallet (with your private key phrase), set the network to ‘PulseChain’ and you will then have access to your tokens on the PulseChain blockchain. If your tokens are already on the Ethereum network and you own the private keys, just be patient! If you hold currency or NFT’s on the Ethereum network at the time of the hard fork, you will get a duplicate version of these on the PulseChain network. The PulseChain airdrop refers to the newly created tokens (currencies and NFT’s) as a result of the hard fork.
The current Ethereum network will remain untouched, PulseChain will be a duplicate with code changes. I won’t go into detail in this article so if you want to learn more about it, check out the How To Pulse website. PulseChain is a new blockchain which will be created by copying Ethereum and changing some if its code, making it faster and cheaper to transact on. It’s not just the Ethereum code that’s being copied, but all the tokens (including currencies and NFT’s) that currently reside on the Ethereum network as well. We are not involved in the published airdrops in any way. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam.
Airdrops are typically announced on social media channels, forums, and other online communities. Users can participate in the airdrop by following the instructions provided by the project team. Everything any address owns on the Ethereum blockchain (ERC-20 & NFTs), the same address owns on PulseChain on day 1. The first day it launched all the tokens were already there.
This means that on the day that the PulseChain mainnet launched, it already had the full state of everything that happened on Ethereum rather than being an empty blockchain. It contains all the data from Ethereum (tokens, NFTs, smart contracts, addresses, transaction history & states). PulseChain airdrops are a marketing technique used by blockchain projects to distribute free tokens or cryptocurrency to PulseChain holders. These tokens are distributed for free to a large number of users who hold a certain amount of PulseChain in their wallets. Airdrops are usually used to promote new blockchain projects, encourage user adoption, and create a community around a project.