PulseChain will be launching an airdrop that will duplicate all the tokens users you currently hold on the Ethereum blockchain.
Any token participants currently hold on the Ethereum network will be automatically represented on PulseChain. Users don’t need to do anything to take part in this airdrop. Just be aware of the moment PulseChain mainnet launches, connect your wallet to the new network and enjoy the ride!
What will happen during the PulseChain airdrop?
On the day that PulseChain launches, all ERC tokens on the Ethereum blockchain shall be copied over (duplicated) to PulseChain. PulseChain will be an exact replica of the Ethereum system state – a so-called “hard-fork” – and anything you hold in your wallet on the Ethereum network will appear in the same wallet on the PulseChain network!
If you currently have 10k Hex, 0.5UNI, and a couple of NFTs they are currently stored on the Ethereum blockchain. On day 1 Pulsechain MainNet launch you shall have another 10k Hex, 0.5UNI, and a couple of NFTs on the PulseChain network. Switching between networks is easy and it can be done in a few clicks and copy/pastes on the most popular wallets. In addition to that, you’ll be able to trade tokens on the Ethereum network and the PulseChain network independently. Even tokens locked up in a liquidity pool or another smart contract will be forked over to PulseChain.
Important: the mirrored tokens on PulseChain are not backed 1:1 by the native tokens on other blockchains and instead function as a fork of these other assets. The value of these mirrored tokens will not follow the value of the native assets and will be based on supply and demand. On PulseChain, 1 UNI will not have the value of 1UNI on the Ethereum network.
How do I participate?
1. Keep your crypto on the Ethereum network on a non-custodial wallet such as Metamask. Don’t hold it on an exchange (such as Binance or other).
2. Get notified when PulseChain mainnet launches.
3. When it launches connect your wallet to PulseChain.
Note: Your assets are not physically in your so-called “wallet”, such as MetaMask, Fortmatic or hardware wallet. Your assets never leave the blockchain. Your hardware wallet or MetaMask wallet simply generates a seed phrase and a public address and offers a nice way to visualize your crypto portfolio. The public address is the long string of letters and numbers used to receive and send tokens. Therefore, when the fork happens and your assets are “Duplicated”, you will simply add PulseChain Network to your Metamask wallet and your duplicate assets are there, waiting for you.Other ERC tokens shall retain their original name. So ETH becomes PLS; but HEX or SHIB (on Ethereum) remains HEX and SHIB (on PulseChain). For sake of comprehensiveness, it is common to add the prefixes “e” (for Ethereum) and “p” (for PulseChain) when speaking about these airdropped tokens. For example, people often speak of eHEX and pHEX. But really they will both be HEX and, after launch, we will refer to HEX (on Pulse) simply as “HEX.”
And of course, if you have tokens currently being staked on the Ethereum blockchain, those will also be duplicated over to the PulseChain.
Please note that the PLS tokens you will be airdropped in accordance with your ETH holdings are referred to as “freemium PLS.”
How about other networks such as Cardano, Solana, Fantom, etc.?
The tokens being copied over must be on the Ethereum mainnet. Any tokens on other chains, such as Polygon, Binance Smart Chain, or the ones mentioned above will not be taken into account during the airdrop. So you better bridge over your assets to Ethereum before it’s too late!
Not your keys, not your coins…
This is a very important concept to understand!
The tokens must be in your own wallet for which you control your own private keys. If you don’t control the keys, the centralized exchange or wallet provider will receive the airdrop, not you.
For more information and FAQ about the Pulsechain airdrop, please check:
Nothing in this article or website is financial or taxation advice. For advice on these matters, please contact a registered professional adviser.