The upcoming PulseChain network launch represents the largest cryptocurrency airdrop event in history. With an estimated market capitalization over $50 billion from duplicated coins, the free distribution aims to instantly create unparalleled liquidity and kickstart an alternative DeFi ecosystem connected to Ethereum and other chains.
This monumental launch has generated tremendous hype and speculation within the crypto sector. By following the simple claim process outlined in this beginner‘s guide, you can secure your share of assets and participate what many are calling “The BIG ONE” event of 2023.
Here’s what gamers and speculative traders like myself need to know to prepare for the historical PulseChain airdrop.
The Founder’s Vision and Developer Traction
PulseChain founder Richard Heart originally conceived the idea of “pulsing” chain states while creating the wildly successful HEX protocol on Ethereum in late 2019. HEX essentially tokenized certificate of deposits on the blockchain, rewarding long-term locking of funds.
As HEX grew to over $6 billion in marketcap, it suffered from the same network congestion and high Ethereum gas fees as every other DApp. Users faced $100+ costs just to stake coins or claim yields.
Heart recognized the need for a compatible network with superior speed and scalability to further his project’s ambitions. By copying the state of Ethereum and forking in upgrades focused on throughput and costs, PulseChain was born to alleviate these issues holding back adoption.
From the start, Bridge Oracle founder CryptoCoffee and other lead developers joined forces with Heart to architect the technical components and launch plan. With their backgrounds proven in past Ethereum infrastructure projects, the team attracted contributors looking to push blockchain technology forward.
The open source PulseChain codebase published in 2021 showcased innovation around consensus algorithms, interoperability, and governance. But it was the announcement of the massive built-in airdrop that started to gain worldwide attention beyond the HEX community.
Snapshot Statistics: Estimating Airdrop Impact
- $550B+ in Ethereum market cap at time of snapshot
- $830B+ total market cap including other chains
- Over 7M+ unique Ethereum addresses holding tokens
- ~$50B minimum estimated air dropped amount at genesis
To quantify the potential fallout of minting an entirely duplicate DeFi landscape, some statistics provide key context:
At the time of the PulseChain balance snapshot, Ethereum alone maintained over $550 billion in combined cryptocurrency market capitalization across its assets and addresses. Factoring in compatibility with Binance Smart Chain and other networks, that figure rises to over $830 billion!
With unique wallet addresses holding tokens in the millions, even conservative projections put the total value airdropped at genesis in the $50-$100 billion range. And that immediate liquidity can be bridged back and forth between the chains.
The implications of essentially “copy-pasting” the second largest DeFi ecosystem and improving transaction efficiency are huge. An overnight 10-50x increase in market size from Pulsed copies of ETH, USDC, HEX and other assets has never occurred before and will send shockwaves.
Capitalizing on the PulseChain Launch
Potential scenarios:
- Short term buying to claim tokens
- Bridging arbitrage between chains
- Providing liquidity for high APR yields
- Staking native $PLS token once live
- Developing on forked codebase with first mover advantage
For opportunistic gamers like myself, a free airdrop of this immense scale signals it’s time to get in the game. Here are just some of the scenarios I’m planning to capitalize on with precise timing and tactics:
The most basic opportunity involves buying assets on their original chains prior to the balance snapshot, in order to maximize your free Pulsed copies. Targeting smaller market cap gems that spike leading up to the drop means outsized returns.
Once the network launches, one of the first plays involves bridging assets back and forth between Ethereum and PulseChain. If prices diverge even slightly between the duplicated tokens, arbing that gap means instant profit.
Providing early liquidity pairs on PulseSwap also earns high percentage yields, especially for assets with strong bridging demand. We can mirror previously successful pools and farms that dominated on UniSwap and PancakeSwap launches.
Staking the native PulseChain token $PLS itself is rumored to carry exceptionally high percentage returns as well. And if transaction volumes take off as expected, holding governance rights by staking will prove valuable.
Lastly for developers, building cross-chain applications on PulseChain grants a first-mover advantage before others port their projects over. You can instantly bootstrap ideas to a live environment with active users.
Those are just a few ways I’m strategizing even outside the basic airdrop claim. The key is properly valuing the duplicated assets relative to their origin chains. With the technical improvements and speculation around PulseChain, price discovery unlocks tremendous opportunities.
And I plan to document my journey chasing upside during the ecosystem emergence. The tactics I pick up can hopefully help fellow gamers gain an edge. So make sure to follow my blog for updates!
Forking the Chain and Upgraded Infrastructure
Technical changes:
- Alternative Proof-of-Stake consensus for 2-3s blocks
- Minimum hardware requirements lowered
- Built-in multi-chain bridges and native interoperability
- Up to 4x energy efficiency improvement
The PulseChain network manages to copy Ethereum’s DeFi state while optimizing transaction throughput and fees through several technical changes:
At the base layer, PulseChain utilizes a Proof-of-Stake consensus model that enables a block time as low as 2-3 seconds. Compare this to Ethereum’s 15 second average block times that often degrade severely during NFT minting or other spikes in activity.
The faster settlement enables orders of magnitude more transactions per second without congestion. Cost per transactions also lowers to a fraction of a penny even amid heavy usage.
Part of how PulseChain achieves greater speeds is by reducing the minimum hardware specifications to run validator nodes. This allows smaller players to participate in consensus and improves decentralization. Costs to operate infrastructure like storage drops significantly as well.
Native dual-blockchain bridges also built directly into the protocol create seamless Ethereum asset transfer functionality out the gate. This facilitates the asset duplication while enabling two-way arbitrage and liquidity bonding. No need for complex wrapped tokens.
Even sustainability gets a boost, with energy consumption dropping despite increased transaction capacity. Simplified staking, computing overhead and other optimizations provide the efficiency lift.
By both copying the dominant Ethereum landscape existing today, yet upgrading foundational layer functionality, PulseChain unlocks unique potential. No need to start liquidity bootstrapping from scratch. The assets, users and tooling transports instantly at genesis.
Claiming Your PulseChain Coins Step-By-Step
MetaMask wallet setup:
- Download browser extension
- Backup seed phrase securely
- Transfer holdings to wallet address
When PulseChain launches:
- Add network details to MetaMask
- Switch network to PulseChain
- Assets will show duplicated balance
- Trade freely or bridge to Ethereum
Allow me to summarize the simple process for individual holders like us to claim free PulseChain assets:
Before Snapshot Date:
The only preparation step is to install the popular MetaMask browser extension as your crypto wallet, or use an existing wallet. Make absolutely sure though you have your seed phrase backed up to restore access if ever needed.
Over the coming weeks, transfer any coins you want duplicated over to your wallet‘s Ethereum address. The snapshot to copy balances will occur at the PulseChain genesis block launch.
After Launch (TBA):
Once the network goes live, hop back to MetaMask and add PulseChain to your available networks using the details provided earlier. Give it a minute to sync up.
When you switch over, check your wallet address on the explorer to view your portfolio. All your tokens should appear with the same exact balances copied over from Ethereum or other chains!
From there transact, swap or bridge freely to maximize your gains from the historical airdrop. Be ready to provide liquidity for high rewards if you‘re feeling spicy.
That’s truly all there is to it. Let the speculation play out on the markets and leverage your instantly doubled bags.
Closing Thoughts
Claiming your PulseChain airdrop rewards means ready access to the biggest “founder’s free” token distribution ever. And that’s just the beginning…
Speculation on relative token valuations, bridging arbitrage, liquidity mining yields and new protocol development will unleash no shortage of opportunities upon genesis.
Now is the time to prepare your MetaMask wallet with transferable crypto you want duplicated.Brush up on the PulseChain technical architecture and stay plugged into launch updates.
When the countdown finishes and that 1:1 balance snapshot gets triggered, you’ll want assets preloaded and fingers on the keyboard ready to transact instantly.
Trust me, engaged gamers holding both sets of coins can achieve outlier returns if played properly. Let’s distribute wealth on this historical launch!