PulseChain airdrop is claimed to be the largest airdrop in the history of cryptocurrency. You can see it being discussed on multiple YouTube channels and Twitter handles. But what is it and how do you claim it? We will discuss this in detail in this article.
What is PulseChain?
PulseChain is a hard fork of Ethereum. It will have few improvements to the current Ethereum, most notably less transaction time, faster block times, and lesser gas fees.
An interesting thing about PulseChain is that it claims to have an enhanced ecosystem as compared to Ethereum that increases its useability.
Richard Hart of HEX.com leads the PulseChain project that explores the Proof of Stake consensus mechanism. Pulse (PLS) is the proposed native token of the blockchain. On being a hard-fork of Ethereum, the team says that it only wants to lower the burden of Ethereum blockchain by providing faster transactions with lower fees.
PulseChain Hard-Fork from Ethereum
In any hardfork, a blockchain is split into two that run parallelly, however with different parameters. While PulseChain will carry the same transaction or chain history as Ethereum, it is said to have significant advancements addressing current Ethereum blockchain issues.
It replicates all ERC-20 tokens (that convert to PRC20) and has validators. It means that upon its launch, PulseChain will have everything, including smart contracts, NFTs, transaction history, and tokens. Every Ethereum user will be able to use PulseChain from day one without any additional actions or steps.
Pulse (PLS) will replace ETH token for native blockchain whose value is said to be equal to 1ETH for 7000 Pulse. Now, you can receive these tokens in multiple ways. One common way of getting these tokens is through an airdrop (that is essentially like free money, if you already own some specific tokens).
PulseChain Airdrop in Detail
The platform is airdropping Pulse (PLS) tokens in a phased manner called Sacrifice. The first phase of Sacrifice was completed in 2021. Anyone who holds ERC-20 tokens or NFTs on Ethereum blockchain or ‘Sacrifices’ their coins or donates to the SENS organization is eligible to claim PLS airdrop.
During the sacrifice, users have to burn the tokens they already own like ETH. The burned tokens will be replaced by PLS upon its launch. Users can also earn more if they make their sacrifices large and early.
Note that PLS tokens don’t exist as of now. However, the second version of PulseChain testnet is live with validator rotation, registration, and staking.
PLS Airdrop Claim
To know how many PLS tokens you can claim or have collected, you can check your MetaMask wallet. Note that in your MetaMask wallet, you must add a custom mainnet for PulseChain. Once complete, you can start using it as your regular wallet whose private key you hold (non-custodial).
You can follow these steps to know your PLS airdrop tokens:
- Go to MetaMask
- Click on ‘Network’ dropdown
- Add the following information:
Network Name: PulseChain Testnet
New RPC URL: https://rpc.v2.testnet.pulsechain.com
Chain ID: 940
Currency Symbol: tPLS
Block Explorer URL: https://scan.v2.testnet.pulsechain.com
- View your PLS and other tokens
You must connect your non-custodial wallet before claiming your airdrop tokens. Also, you may have to manually move your tokens or assets from Ethereum to PulseChain to start using the ecosystem.
An interesting thing about this airdrop is that you do not specifically have to carry out an activity to be eligible for the claim. If you are a user of Ethereum blockchain and hold your ERC-20 and ERC-721 tokens on any non-custodial wallet, you are eligible. All you must do is to be a part of the ‘Sacrifice’.
Should You Sacrifice?
Currently, PulseX sacrifice (Phase-II) is live. If you sacrifice your current ERC-20 tokens, you can receive PLSX tokens that you can swap for PLS at good rates when PulseChain mainnet goes live in future. PLS tokens have the same useability as ETH tokens for their native blockchain.
But you must note that PLS token or mainnet is not live as of writing this article. There is no further information available on the specific supply of PLS tokens or their airdrop share. The team through its website claims that PLS supply increases with each burned token.
Always remember to do thorough research before making any investment, in this case – sacrifice. For more information, check out this recourse of How to Pulse, a community-driven source.