Written in January 7, 2022

PulseX

• PulseX is the main DEX for PulseChain.

• Brief information about PulseChain:

1. 1. Built to solve Ethereum’s recent update which increases transaction cost in the long term.
   2. The drawback of Ethereum’s high transaction cost would hugely impact the token HEX – the first token that has a Blockchain Certificate of Deposit and currently the highest interest amongst other blockchain.
   3. TL;DR a better version of Ethereum.

• PulseX, PulseChain, and HEX is created by Richard Heart:

1. 1. Good track record, he created HEX (world’s first blockchain Certificate of Deposit). Price action of HEX – price has gone more than 10,000x.
   2. PulseChain is a copy of ETH but faster and more efficient. Largest Airdrop.

• To buy PulseX’s native token (PLSX), users must ‘sacrifice’ their eligible tokens.
• Sacrificing is a new method of purchasing tokens before the token is available in the open market:

1. 1. Users could only buy the token during a specific sacrifice time frame
   2. The users would receive sacrifice points, which are 1:1 to the target token
   3. The first 5 days have the best rate, afterwards the sacrifice cost would increase
   4. For example, for $1 users receive 10,000 SPs. However, users would require $9.9 to receive that same amount on the last day before sacrifice phase ends
   5. At the end of the period, users could receive a bonus for the amount of USD sacrificed. The more USD value a user sacrifices, the higher the bonus. 
   6. Transacting sacrifice is recommended on non-custodial wallets as the target token would be sent there.

• PulseChain raised $670,007,371 during the sacrifice phase, of which there are 5 addresses that sacrificed more than $10 million.
• PulseX would have another native token other than PLSX to incentivize liquidity pools.
• Technicalities:

1. 1. Trading fees: 0.29% on every swap. Lesser than mainstream DEXs. 76% of all trading fees would be distributed to the Liquidity Providers. 21% of the fees in PLSX are burned, hence the token is deflationary.
   2. Initial liquidity came from “AMM ratio fixer bot”, harvesting from other DEX.
   3. Summary: PulseX has lower fees and highest liquidity in the PulseChain.