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Hey, there creatures of the Hodl space, the name is Otto11 and I believe y’all are well?
Today we are going to be looking at Pulsar coin, its Ecosystem, and its other components. Here is a list below…
Contents;
What is Pulsar Coin?
Pulsar Coin ecosystem.
Tokenomics.
What is Pulsar Coin?
It is a crypto asset that is created to serve as a cryptocurrency that auto generates liquidity, And is engineered in a way that is meant to not only compete with savings accounts but also outperform them.
That is to say, Pulsar Coin is a Decentralized finance asset created to inspire and also affect a balanced blockchain economy by providing security, better fees and better user experience.
Pulsar Coin ecosystem
Consensus: PoW and PoS
The Pulsar ecosystem is built to implement both Proof-of-Work (PoW) and Proof-of Stake (PoS) hereby creating a more versatile functionality.
This method also applies to the reward system where multiple options of earning the $PLSR token.
Staking-
In order to stake, users would need to utilize the pulsar wallet, an active connection, an unlocked but encrypted account, and at least 1 PLSR currently in their wallet. Validators are chosen for each block. Users are more likely to be chosen to validate a block with the more non-pending coins they possess.
Coin voting/Shared listing-
The community holds all the decisions. Pulsar will be used to vote on a crypto-coin of choice or token to be listed on the Pulsar Exchange!
There will be two ways in which voting with pulsar coins will be essential to the future of the pulsar exchange:
Users can stake PLSR in votes, meaning however many coins that a user votes with, the user will receive back once voting ends.
This means a user can pay for votes with their PLSR, meaning they will not receive these coins back at the end of the voting period but these coins will have more weight in the consideration of the listing of said coin, as well as covering a portion when the coin is listed.
Other factors
As earlier said, the Pulsar Coin vision started with the following factors in mind.
1). Security
2). Exchange and Design
3). Fees and liquidity.
Security:-
In order to increase data exchanges on blockchain networks, there's an incentive to reduce the distribution of blockchain nodes either geographically, in number, or both.
This would inadvertently make the scope of Blockchain technology and decentralization useless.
The Pulsar Coin system provides a tested and monitored secure system necessary to keep everyone and their transactions safe. Pulsar is HTTP, HTTPS, TCP, and UDP protected to make sure all user transactions and data will always be safe.
Exchange & Design:-
This feature hasn't been fully specified by the core team but we do understand that they plan to make a sharp, smooth and easy to navigate experience
Fees & Liquidity:-
The coin will be used as a method of payment for any available pair within the Pulsar decentralized exchange.
By so doing it serves as the fuel and this also means cheaper fees for trading, staking and withdrawal fees
Tokenomics
Coin Name: Pulsar Coin
Ticker: PLSR
Total Supply: 500,000,000 (500 Million PLSR)
Team’s premined supply: 50,000,000 (50 Million PLSR | 10%)
Launch Supply: 450,000,000 (450 Million PLSR | 90%)
Block Maturity: 41
Block Time: 75 seconds
Difficulty Time: 2,064 Blocks
Block Reward (POS): 90 PLSR
P2P Port: 5995
RPC Port: 5996
Halving Period: 2,500,000 Blocks (mined via POW) (Est. 5.85 years)
Total POS + POW rewards phase: 202.2 years
Note;
Pulsar did not have an Initial Coin Offering (ICO) due to the United States rules & regulations.
When launching Pulsar Coin, the team decided that we would initially keep 10% of the total supply.
We do not plan on selling this currency for our own profit.
These premined funds will be treated as though it fiat currency (USD, EUR, GBP, etc.).
The Team’s supply is “split” into a dedicated marketing, emergency, and project/design budgets, where the Pulsar Team will use the coins strategically.