Thread by @RichardHeartWin

PulseSwap will probably have a sacrifice phase a few weeks before main net.

Imagine the worlds largest yield farm. Example: #Chainlink users on #Ethereum bridge their $LINK to #PulseChain where it's called eLink. They already have their free #LINK on pulsechain there from the fork. They deposit their eLink and Link into the PulseSwap Liquidity pool.

Now they earn LP (Liquidity pool) rewards from trading fees and they earn rewards in PulseSwap tokens. It could be the worlds largest yield farming project, as when have you ever gotten one side of the pair for free before? And it will back the value of all PRC20s!

Guess who benefits from the value of all the PRC20s? The ERC20 holders that got them for free! They're backing the value of the coins that only they got! This makes the PulseSwap and PLS the native token of PulseChain very useful!

Finally. This enables a derivative play on #PulseSwap betting on the value of all the tickers on #Ethereum. Same tickers, same code; cheaper, faster, higher throughput, better for the environment network. ERC20/PRC20 prices bonded by the liquidity in the LP. Some PRC20s will win.

Finally. I'm told the PulseSwap code is rather complete. It's been tested on the PulseChain testnet. I have not tested it myself yet though, and there's a couple parameters that need chosen for fee defaults, LP things. I'll get you a better update next week or the week after.

P.P.S. Many PRC20s may be more valuable than their ERC20 counterparts, because no one likes BEING ROBBED BY INSANE GAS FEES. Since many tokens are totally broken on ETH right now, and retain just their speculative trading features, the PRC20 is affordable to use again and trade!

PPPS: Say you want to bet on the price of $UNI on #Ethereum, but it costs too much $ETH for gas. You can instead buy $UNI on PulseChain. Maybe their prices are correlated. Same code, same ticker, bonded by liquidity. What if #Uniswap on pulse goes higher than on #ETH? Innovation!

BTW, probably not going to be called PulseSwap.