Thread by @PulseBigBrain

1/ Let's talk a little a bit about how PLS, the native token for PulseChain, could have been acquired, how it will be distributed, and what the initial price could be. It's a little complicated to explain, so bear with me. I will touch on why I'm BULLISH on the distribution too👇

2/ If you were fortunate enough to learn about PulseChain months ago, you had the opportunity to participate in a "sacrifice" over a 20 day original window. What does this mean exactly?

3/ You sent crypto (sacrificed) to a wallet address to exercise freedom of speech, with the expectation to get NOTHING in return. Sounds a bit risky, and possibly stupid? Of course! The end result - if you participated, you probably wouldn't have sent that much because of risk.

4/ The people that did send, would have to be firm believers that someone, somehow would observe their sacrifice and possibly offer them something in return, someday. This is good GAME THEORY to reward the die-hard community and keep flippers and whales out.

5/ Turns out, those people are in luck. PulseChain has observed those sacrifices, and is assigning points based on which day a sacrifice took place, and how much you sacrificed. The points are convertible into PLS tokens at varying conversion rates.

6 / The rates vary drastically anywhere from $1 sacrificed = 25,000 PLS all they way down to $1 sacrificed = 60 PLS (today-ish rate). While the sacrifice was suppose to be only 20 days, it was extended to run until further notice, to honor late contributions.

7/ Why such the big difference in rates? The rate is on a bonding curve, which basically means you get 5% less PLS per $1 sacrifice every day that passes by. Some people are still sending TODAY at a rate 200X less than the early sacrifices. As you can probably tell FOMO is BIG.

8/ BUT, I DO NOT recommend you sacrifice today, as you will likely be able to get a better price at launch. PLS will be sent as an 'airdrop' to all sacrificers and start with a $0 value. The first trade that takes place will set the price.

9/ What could those first day of trade prices be? Based on the sacrifice rates I've seen, and interest, my prediction for an opening price is between $.0005 and $.002. Expect a wide range because of low supply, high demand, low initial liquidity, and volatility.

10/ After volatility settles, I expect the price to keep climbing up and to the right steadily for weeks. Why? There will be a SUPPLY CRUNCH, as the demand from new users discovering PulseChain will go exponential as new projects launch, and word of mouth spreads.

11/ In a later post, I will talk in more detail about SUPPLY CRUCH. For now, I will leave you with the fact I anticipate the circulating supply to be EXTREMELY LOW, as the people that sacrificed are BIG BRAINS and well aware of the fact PLS can pull a 100-1000X+ return in time.