Make some noise if you would like to see PulseChain list on @coinbase Exchange!
PulseChain won big in court, not a security. Flawless operation since launch 967 days ago. A top on-chain DEX volume chain in the world. 52K validators, over $100M bridged in! @brian_armstrong
$PLS $PLSX $HEX
Shoutout to all you scumbags out there profiting from and promoting human suffering by getting people to margin trade. You know how risky it is, and you know it has few survivors, financially. Some of you are even so stupid that you step, yourself, into the same trap you set for others. Make a mental note of who, exactly, is profiting from this horror, and realize that they are willing to feed you into the meat grinder for a few bucks.
Crypto is full of absolute subhuman trash, pretending to be better than you. But the “main characters” keep changing, usually because their lies catch up with them. There is a better way. Listen to those that actually have your best interests at heart and actually care about you. Those that were right when so many others were wrong.
Pulsechain Theory Time!
After the past week or so, I have come to believe that there is grand master plan with Pulsechain is to stabilize $pDAI and have it used in every day regular payments.
I know this sounds absurd, but this theory is backed by a ton of impressive, dilligent on-chain research from @NineIronCapital and @n_e_w_2 that has all but confirmed something is cookin behind the scenes.
THE pDAI PEGENING THEORY
Read below for a certifiably mind-bending theory that would absolutely legitimize Pulsechain while creating one of the biggest events in crypto history. Please read through to the end as this will require a full community effort to make happen. RH can't do it alone.
Strap in folks, this one is goes deep!
Also, please note, this is just a theory. Although there are legs, you should DYOR and make sure you are making sound moves before acting on any of this information. For all we know, RH could RT this and say I'm a peanut brain poopy head. Degen responsibly. We all should still keep no expectations at the top of our minds, because none of this has been confirmed by official sources.
Lets start with some basics. The following are just general things that are common knowledge, but I dont know if anyone has connected it together yet. However, they are all important to grasp what comes after.
Important Information
- RH connected wallets own 15% of regular eDAI in existence due to sac funds
- RH has expressed public support for DAI over USDC/USDT bc it is fully decentralized
- Pulsechain needs a chain native stablecoin to eliminate bridge risk exposure
- RH has tweeted recently hinting that PLS has payments solutions
- There is a rumored 'Heart Wallet' that is surmised to be his next project
- RH has said many times that he has "something special" planned for PRCs
Ok, now, lets get into the juicy stuff! This is where the bulk of @NineIronCapital and @n_e_w_2's research comes in
THE MAKER DAO PRC CONTRACTS WORKED ON PULSECHAIN BEFORE THE NETWORK WAS OPEN TO THE PUBLIC
Let me repeat that for emphasis. The Maker DAO contracts work on pulsechain and were active before the chain was open to the public! 🚨🚨
No joke! Minting/burning, providing collateral, all of this was seemingly some of the first transactions that took place on chain!! There is something BIGTIME going on with this.
The chain opened to public on May 13. On May 11, an OA connected wallet minted pDAI - https://t.co/ay8KvhzYgA - This has the same owner wallet PLS, PLSX, and INC, MasterChef, as well as the Eternal Storage Proxy for the whole chain - 0x30e22ab6e6B576e6A9c5dD73191237a9A5c72539
This means that the OA is conducting some high priestess witchcraft behind the scenes for PRCs, and specifically $pDAI.
We also found there are quite a few contracts that are required for DAI to function properly on ETH. Many require governance and/or multisig. Well, the wild thing is they have all also been active on Pulsechain since May 11! 🤯🤯 Here are a few of them for reference:
Maker Deployer 4
https://t.co/MM3c9YjJwE
Smart Contract- Maker: MCD Join ETH A
https://t.co/L4CSqrVVsa
CDP Manager Contract Address
https://t.co/XT3keBwoeu
Here is a full list of the contracts needed, directly on Maker's site. You can cross reference and see they are all active on Pulsechain - https://t.co/X05w43jbz7
Note - You can see that there are transactions from before 5/11, but those are also on ETH, so they are copied transactions. Pulsechain specific transactions began 05/11
Call me crazy, but I find it awfully peculiar that OA connected wallets were legitimizing the Maker/DAI contracts and functions before we could even access the chain... 🤔
PULSECHAIN NEEDS A NATIVE STABLECOIN
Why not just use the eDAI, eUSDT, or eUSDC that is already on chain?
The problem with these, is they are all being held in the bridge, not your wallet. If something happens to the bridge, your eDAI is gone.
Stables are also relatively illiquid on chain at the moment. At the time of writing this, there are only about $15M in stable pools.
Creating a native coin is 100% critical to the success of pulsechain long term and needed for the ecosystem to thrive.
pDAI/MAKER DAO IS A FULLY DECENTRALIZED PROTOCOL THAT RH DID NOT CREATE, OFFERING PROTECTION AGAINST THE SEC
Even without the information in this thread, it is actually plausible to think that one of the war games that was planned was to use OTHER NETWORKS to our advantage.
If Maker was to adopt Pulsechain, RH literally has to do nothing but sit back and let the community do all the heavy lifting for him. Maker/$pDAI would be totally shielded from the case, and even improve his stance in court bc he made a decentralized ecosystem! ♟️♟️
What better way for Maker DAO to go to a new chain, than literally by using the exact same code, with the exact same addresses, with the exact same wallet multisigs?
There really is not a single better use case for PRC tokens!
Given how much $eDAI RH owns, and given that the Maker DAO contracts are active on Pulsechain, it is also plausible that Maker, or maybe other Maker governance voters, are working up something.
PATH TO PARITY/STABILIZATION
Ok, so this all sounds great. But how can it actually happen?
I actually think it's easier than people realize and here are the steps:
1. Community rallies around $pDAI, pushing the price up significantly with smol liquidity
2. OA opens INC pool, boosting the LP, fortifying the token, which also boosts price.
3. Maker announces support for Pulsechain, which would cause an absolute flurry to push the price up to $1
4. If only there was some benevolent force out there with a quarter billion dollars that could then back the network? 🤔
5. Add $INC rewards to collateralization pool - More on this later
THIS STARTS WITH THE COMMUNITY
Note how step 1 above requires community support and action. With the case, this isn't really something RH can pump on his own, or do some crazy tweet storm about. He needs us to do it, and the token itself has a long way to go before parity even a possibility. However, if it starts to gain serious traction and LP is provided, there is no reason why Maker DAO wouldn't move over. This is the the key... Maker DAO can do everything while RH sits back.
The contracts work. The functions work. All they need is a front end, token liquidity, and backing. Maybe some functioning oracles. That's seriously it. And, again, with everything in this tweet, its not crazy to think something is already being worked on.
Any Token That Can Be Used for Collateral on ETH, Could Have a Corresponding Use Case on Pulsechain
$pWBTC
$pETH
$pStETH
$pBAT
$pGUSD
What's interesting, is theoretically, the DAO can vote to add $PLS, $PLSX, or even $INC to the collateral or "Join Module" - This would be surprising and powerful use case that could shoot $INC through the absolute stratosphere, while also offering much stronger incentivization mechanisms to provide LP and fortify the network. Imagine being able to turn $INC into $pDAI?!?
Payments - The Final Piece of the Puzzle
https://t.co/JHq00FdTrX
In this tweet, RH directly said that Pulsechain and Hex solved a payments censorship problem. In its current form, it does NOT solve this problem, so something has to change.
The reason it doesn't, nor will ever work on ETH, is because of the fee's. However, transactions on Pulsechain can compete with real world POS systems!
With the rumored Heart Wallet, it's not far fetched to believe there could be some sort of tap to pay function, or card that people will be able to use for day to day spending.
This last, payments part, is purely a theory right now, with only 1 tweet to back it up. However, I did find that RH tweet interesting...
NFA, but you might want to look into pDAI or pMKR
At the time of writing this, its sitting at $0.00001481, which is 67,000x away from $1
Since June 8, its up over 45xcompared to $PLS
Again, this is all just conjecture at this point. These are all just shit coin free copies still, with absurd speculative power. Please keep that in mind!
How To Buy pDAI?
Chart - https://t.co/1aY6MHC696
PulseX Link - https://t.co/FkXalweusE
CA - 0x6B175474E89094C44Da98b954EedeAC495271d0F
Are you ready for #ThePegening? #RichardHeartWasRight #Pulsechain
Hey PulseChain.
Call your family.
Call your friends.
Call your colleagues.
Call your ex.
Call your dog if it has a wallet.
Call your enemies too, they won’t believe you but let ’em watch you WIN.
Tell them about the $1 PulseChain prophecy.
Because when the hockey stick green candles ignite…
When PLS starts melting faces…
And they realize you knew all along but said nothing?
They won’t just miss the pump - they’ll blame you for it.
Don’t be that guy. Be the hero. Make the call.
$PLS glory awaits.
So everyone was laughing at @yourfriendSOMMI to believe in pDai while “TA experts” like @SotaChronicles were yelling that pDai is a scam. Well. I do know that this space is a jungle. ty sommi
❤️💛💚💙
KuCoin just listed the 153rd ranked Blockchain called Zora.
It only does $25k daily volume.
PulseChain is doing $25 million volume per day, that's 1000x more activity.
Hopefully exchanges list $PLS soon