PulsePad is an Initial Dex Offering (IDO) platform for the projects to be raised on PulseChain. Just like Ethereum, PulseChain is created to provide an efficient and sustainable alternative for building new applications. IDO is a process of crypto token offering on a decentralized exchange (DEX) platform. PulsePad is a major smart contract platform allowing innovative projects to come on board and create and launch decentralized applications (Dapps) effortlessly on the PulseChain blockchain.
PulseChain is the blockchain solution using a validator-based consensus mechanism, a virtual machine, and a fee-based burn solution and is a sustainable alternative to Ethereum blockchain. A virtual machine is a program that looks like a computer system with its operating system, files, applications and can independently run codes. PulsePad is the native application of PulseChain and is accessible to the users who have added the PulseChain network RPC to their Metamask wallet.
The IDOs that settle on the PulseChain network use pETH (PulseChain native Ethereum) coin. Users can easily swap regular ETH coins for pETH using the PulseChain bridge mechanism. Using the PulsePad incubator, users can have access to:
PLSPAD is the native token of the PulsePad platform that follows an aggressive deflationary token burn mechanism. Deflationary tokens involve burning tokens from circulation, reducing the market supply to increase the token's market value.
PLSPAD also employs a 10 percent fee on all sales transactions of PLSPAD tokens. It is necessary for all projects launching through PulsePad to commit to the deflationary philosophy and burning PLSPAD to launch their IDOs. The platform also offers 14 percent staking rewards to encourage token holders to stake their tokens.