- Topic
3k Popularity
18k Popularity
103k Popularity
414 Popularity
17k Popularity
- Pin
- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
PulseChain: The Innovation and Controversy of the Ethereum Hard Fork Chain
PulseChain: Ethereum's full-state Hard Fork chain
Introduction
PulseChain is a full-state Hard Fork chain of Ethereum, preserving the complete record of every transaction, user account, and smart contract interaction on Ethereum. The platform aims to alleviate the computational pressure on the Ethereum blockchain and provide smart contract developers with a more cost-effective alternative.
PulseChain increases the value of the Ethereum network by offloading some of the network's load and reducing gas fees. Compared to Ethereum's block time of 15 seconds, PulseChain has a block time of 12 seconds, which the official claims makes it faster and more scalable.
The project employs a new Proof of Staked Authority (PoSA) consensus model, introducing native validator staking, rotation, and reward reduction contracts. As of the time of this writing, the PulseChain network has 15,893 validator nodes. Users can become validators by staking 32,000,000 native PLS tokens and earn a portion of the transaction fees from the network.
PulseChain completed the testing of versions V3 and V4 earlier this year and officially launched the release on May 14.
Team
The founder of PulseChain is Richard Heart, who is also the founder of HEX. Richard Heart is an American cryptocurrency entrepreneur and was one of the first large-scale investors in the Ethereum crowdfunding as early as 2015.
Richard Heart has hundreds of thousands of followers on social media, but opinions about him are mixed. Some people see him as an innovator, while others consider his projects to be Ponzi schemes.
The HEX token project he launched allowed holders to earn up to nearly 40% annualized returns by locking up tokens. The project raised $60 million on its first day of issuance, setting a record for fundraising in blockchain token offerings at that time. HEX reached a maximum increase of ten thousand times over three years, bringing Richard Heart into the limelight.
Richard Heart is also known for his marketing tactics. He once purchased a 555.55-carat black diamond and named it "The HEX.COM Diamond" to symbolize HEX's maximum staking period of 5555 days. He also sponsored one of the three-time champions, JJ Yeley, to participate in the Daytona 500 race.
Introduction to HEX
HEX claims to be the world's first high-yield blockchain certificate of deposit, offering substantial return promises to early participants. The project distributed HEX tokens to Bitcoin holders in the form of a Bitcoin UTXO set snapshot on December 2, 2019.
The initial distribution ratio is 10,000 HEX for every 1 BTC. Bitcoin holders can only claim HEX within the first year of issuance. Additionally, users can acquire HEX by donating ETH to the HEX smart contract.
At the end of the first year of issuance, all unclaimed HEX tokens were allocated to other HEX users with active stakes. Thereafter, the maximum annual inflation rate of HEX is set at 3.69%.
HEX holders can stake their tokens for 1-5555 days and receive principal and interest upon reaching the designated period. Unstaked HEX holders will face inflation losses, while ending the stake early will incur a penalty of half the earnings.
HEX has also designed a promotion reward mechanism, where users brought in through referrals can receive a 10% reward, and the referrer will receive a 20% reward.
Airdrop Mechanism
PulseChain will conduct an airdrop upon the mainnet launch. Any user holding Ethereum tokens in a non-custodial wallet will receive a 1:1 balance of PLS tokens without needing to take any action. The ETH in the non-custodial wallet will be replaced by the PLS balance, while all ERC-20 tokens will retain their original names.
However, the actual value of this airdrop is relatively low, as the initial price of PLS is very low, and the 1:1 exchange is almost negligible.
Project Mechanism
Most projects on the Pulse network are launched through a "Sacrifice activity", which is a donation mechanism. There is no upper limit on donations, and token distribution is determined by the amount donated.
During the initial donation phase, the PLS community donated $670 million, while the PLSX community donated $1 billion. As the donation period was about to end, the OA wallet, believed to be controlled by Richard Heart, donated approximately $13 billion and $54 billion to the two projects, respectively.
Token Economics
PLS is the native token of PulseChain, used to pay for network Gas fees. It uses the PRC-20 token standard, which is a variant of the Ethereum ERC-20 standard.
The total supply of PLS tokens is 1.35 trillion, of which over 90% is held by the OA address (which is also the largest HEX holding address). Theoretically, this portion of tokens does not participate in market circulation, but this remains a topic of debate.
PulseChain validators receive 75% of the transaction fees generated in PLS tokens, while the remaining 25% is burned to reduce the circulating supply. In the future, PLS tokens will also be used for community governance and on-chain voting.
PLSX is the platform token of the PulseX exchange, used for fee discounts and trader incentives. PLSX holders can enjoy benefits such as PLS airdrops and trading fee reductions. 21% of PulseX fees will be used to buy back and burn PLSX tokens.
INC token is the reward token for staking mining, obtained by collateralizing LP.
project ecology
PulseX: The official DeFi token exchange platform of PulseChain, which is a fork of Uniswap.
Liquid Loans: The largest third-party team on PulseChain, dedicated to developing a native over-collateralized stablecoin. Users can pledge PLS and borrow interest-free stablecoin USDL.
Powercity: A team composed of followers of Richard Heart, covering multiple sub-projects such as staking, cross-chain bridges, lending, and NFT exchanges.
Ph Series Projects:
Summary
The PulseChain ecosystem is currently mainly led by Richard Heart and the HEX community, with most projects being forked versions of well-known projects on Ethereum. This ecosystem mainly relies on community fundraising, and there is currently no mainstream venture capital participation.
After the mainnet launch, PulseChain's total locked value (TVL) on DeFiLlama rapidly reached nearly $500 million, but most of it came from PulseX, especially the PLSX-WPLS trading pair. Recently, the TVL has decreased, indicating that some funds are being withdrawn.
In terms of the market, a trading platform has opened the PLS/USDT trading pair. Community channels are currently relatively limited, mainly focusing on the official Telegram group and the founder's personal social media.
Participating in the PulseChain ecosystem requires in-depth analysis and investigation, weighing potential risks and opportunities.