How to Get Started with PulseChain – PLS Mainnet Launch Prep

The highly anticipated PulseChain testnet v3 is live! As HEX founder Richard Heart announced via Twitter, the final testnet version of this cost-effective hardfork of Ethereum went public on March 22, 2023. Heart encouraged users to utilize this testnet to prepare for the mainnet launch of PulseChain. While the mainnet launch date is still unknown, we can expect it any day now.

In this article, we’ll provide all the essentials so you can prepare yourself for the PulseChain mainnet launch. You’ll learn what options you can explore with the PulseChain testnet v3. You’ll also discover how to prepare for becoming a PulseChain validator. Additionally, we’ll show you how to claim free testnet PLS (tPLS) tokens, exchange tPLS with XPLS using PulseX, and add PulseChain to MetaMask.

With the anticipated mainnet launch, many are also interested in the PulseChain price. Therefore, we have a special section focusing on that topic. This is where you’ll learn that there are many other great opportunities for the upcoming bull market. As you may know, the key is to find tokens before they pump! Here’s a sneak peek of the leading tool we’re about to explore toward the end of this article:

PulseChain Testnet V3

Aside from Richard Heart’s tweets, pulsechain.com announced several details regarding the PulseChain testnet v3. The website points out that you should get ready for the mainnet launch by exploring the final version of the chain’s testnet.

Looking at the above screenshot of this testnet’s blockchain scanner, you can see the spike in on-chain transactions after going public. Obviously, there are users interested in this chain for various reasons.

How about you? Are you considering developing on top of the PulseChain crypto network or perhaps becoming a validator? Or are you in it for the potential gains with the main focus on the PulseChain price?

Whichever the case might be, this article will help you move forward!

PulseChain Mainnet Launch

Now that we know that the PulseChain mainnet launch is imminent, it’s worth reviewing the main goals of this network:

Increasing Ethereum’s value by sharing its load and lowering gas fees.
Enriching ETH users by bringing the ETH system state and all ERC-20s onto a more affordable chain. PulseChain’s core community believes this will reward holders and founders of Ethereum-based projects.
Enrich ERC-20 and NFT users who will be able to benefit from the PulseChain airdrop. According to pulsechain.com, thousands of Ethereum-based tokens and NFTs will receive free PulseChain versions. This airdrop will result in the value discovery of thousands of tokens and NFTs on PulseChain.
Lowering PulseChain fees and serving more users by increasing the throughput of Ethereum four-fold by using three-second block times.
Removing pollution by focusing on the proof-of-stake consensus mechanism, which is environmentally friendly.
Improving game theory by ensuring PulseChain’s native coin (PLS) has 0% inflation. PulseChain validators are supposed to earn 75% of the fees, while 25% of the fees will be burnt to reduce the circulating supply.
Empowering PulseChain holders by allowing them to stake PLS tokens and delegate them to validators. By doing so, holders (delegators) will be rewarded with the largest percentage of fees.

How to Get Started with PulseChain?

When it comes to getting started with PulseChain, you should start with the chain’s final testnet. Even if you are reading this once the mainnet is live, we encourage you to get acquainted with the testnet first.

There are many things you can do on the PulseChain testnet v3. For instance, you can use the PulseChain explorer:

You can explore blocks, transactions, and more. Make sure to research all the options available on this explorer.

Also, you can start playing around with testnet PLS. For instance, you can transfer some tPLS between your two MetaMask accounts. However, to do that, you need to claim free testnet tokens.

Start by copying your wallet address:

Then, visit the official tPLS faucet and paste your address into the designated entry field. Finally, hit “Request” to get ten tPLS tokens for free:

Typically, it takes less than a minute for tokens to reach your wallet. Then, you’ll be able to view them in your MetaMask:

To request another batch of tPLS tokens, you must wait 24 hours before hitting the above “Request” button again. Otherwise, you’ll get the following message telling you that you’ve exceeded the rate limit:

Keep in mind that in order to view tPLS tokens in your MetaMask, you need to add the PulseChain testnet v3 network to your wallet (see the section below). This is also a prerequisite for you to be able to utilize tPLS tokens on the PulseChain testnet v3 with MetaMask.

PLS Staking, PulseChain Bridge, and Trading with PulseX

You’ll have a chance to stake your PLS tokens either as a delegator or a validator, and you should first experiment with tPLS. Make sure to learn all the essentials about staking by visiting the PulseChain testnet v3’s launchpad:

As you can see in the above screenshot, there’s much to explore on the subject. You can learn what validators are, why they are important, and how to become one yourself. If you click on the “Become a validator” button above, you’ll be taken through the steps that will guide you through the process:

In case you are wondering about the requirement behind becoming a validator, make sure to explore the “Checklist” and the “FAQ” tab on the above page.

PulseChain Bridge is another tool you should test before using it on the mainnet. To do this, you must connect your Web3 wallet that supports the PulseChain testnet and one of the Ethereum testnets.

Also, do not forget to execute some test trades/swaps using PulseX. Moreover, you’ll first need to connect your wallet that supports the PulseChain testnet v3:

After connecting your wallet that stores some tSPL, you’ll be able to swap those tokens for other assets. Here’s our example trade of ten tPLS tokens into PLSX:

After hitting the above “Swap” button, the PulseX dapp displays the details of our swap. If we want to proceed, we need to click on the “Confirm Swap” button:

The above action triggers our MetaMask extension, where we need to confirm this on-chain transaction:

How to Add PulseChain to MetaMask

Until the PulseChain mainnet launch happens, you can’t add the PulseChain mainnet to your MetaMask. However, you can do that for the PulseChain testnet, and here’s how:

After opening the “Networks” drop-down menu, click on the “Add network” button, as shown above. On the next page, you need to use the “Add a network manually” link:

Finally, you’ll get to enter the network’s details. With the details in place, just hit the “Save” button to wrap up the process:

Here are the network details for the final PulseChain testnet:

Network Name: PulseChain Testnet V3
New RPC URL: https://rpc.v3.testnet.pulsechain.com
Chain ID: 942
Currency Symbol: tPLS
Block Explorer: https://scan.v3.testnet.pulsechain.com

Note: When adding the mainnet, you’ll need to follow the same steps. You’ll just need to use different network details.

PulseChain Price

It’s unknown what PulseChain’s native token price will be when the mainnet launches. Also, judging by most other coins, we can expect an initial price drop. As such, you may want to restrain yourself from FOMOing in.

By the way, the latter is one of the three leading challenges when investing in altcoins. If you are serious about catching altcoins before they moon, you need to check out Moralis Money. This tool is the easiest way for investors to get the latest market alpha and know when to purchase different tokens!

The average altcoin gains between 50 – 70x price appreciation during a bull market. That said, there are many coins that do 100x or even 1000x. Just look at MATIC and FTM:

Polygon (MATIC) – 5544x:

Fantom (FTM) – 2236x:

MATIC and FTM are no rare exceptions. The point is, don’t get too fixated on the PulseChain price. There are many opportunities for those who can find new crypto coins early. If you want to be one of those people, use the power of Moralis Money!

No FOMO, No Scams, No Wasted Time

FOMO, scams, and time scarcity are the three most common mistakes/obstacles that crush altcoin investors. After all, despite the fact that the average altcoin does more than a 50x upside move, many traders still don’t manage to profit. Or worse, they even lose money.

Without the proper tools, your emotions take the steering wheel. Then, you typically end up FOMOing into a coin at its top just to experience the price drop.

As a casual trader, it’s also easy to get scammed by rug pulls and exit scams when entering new coins.

Moralis Money was built by experienced traders and Web3 developers to help you overcome the aforementioned challenges. What’s more, it’s free to try, and you can find the next market alpha early via a few simple clicks. Moreover, with the Token Explorer, Token Shield, and Token Alerts features from Moralis Money, you can benefit from the opportunities the altcoin space offers.

Find Alts Early with Token Explorer to Avoid FOMO

Let’s say you want to be early into new coins that may rally 50-100x in the near future. The first step is to open up the Token Explorer feature.

Then, use the Coin Age filter to see all coins created in the last three days:

Super easy, right? With just five clicks, you get a list of all new tokens.

But what if we only want new coins that are actually gaining traction? We don’t want any newly minted garbage coins! We want coins that are gaining momentum. To see them, we can simply apply the Holders filter:

For an even quicker start, you can also use the preset filters:

Stay Safe with Token Shield

Token Shield keeps you safe from scams. Projects that pass this feature’s threshold earn the green shield. You can also inspect the details by hovering over the shield icon:

The Moralis Money team is adding new and improved security parameters to Token Shield daily.

Save Time with Token Alerts

The Token Alerts feature lets you set up alerts for your saved filters. This frees up your time as you don’t have to devote your entire day to spotting opportunities. Instead, Moralis Money monitors all new coins that match your filters.

Start exploring altcoin opportunities with Moralis Money today to get ready for the upcoming bull market. As such, you can, for example, find Arbitrum gems or any other coins with potential across the leading blockchain networks!

How to Get Started with PulseChain – PLS Mainnet Launch Prep – Summary

In today’s article, you had an opportunity to learn how to use the final PulseChain testnet to prepare for the PulseChain mainnet launch. You learned about all the main options the PulseChain network will offer and how to experience them today on its testnet. Additionally, you now know there are many other 50x opportunities in altcoins during every bull run. So, you don’t need to worry about the PulseChain mainnet launch too much. You also shouldn’t preoccupy your thoughts with questions like “is it too late to buy HEX?”. Instead, let Moralis Money show you how to catch those 50x, 100x, or even 1000x gains!

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