The ETH won't matter much but the ERC20s may get duplicated if they're in wallets for which you hold the keys, i.e. metamask.

HEX is basically CDs on the blockchain. Buy HEX, stake it for 1-5555 days, earn interest over that timeframe, and then when it comes due, end the stake and mint the HEX plus interest back into your account. The longer you stake, the higher the interest you are paid. 5555 (@15 yrs) pays around 40%. So if you staked 10,000 HEX, in 15 years you'd get roughly another 60,000 HEX when you ended your stake plus your principle. So 10k could turn into 70k. Meanwhile, the price of HEX could appreciate (and has) while you're locked up so by the time you come out, it could be worth substantially more than when you put in.

People who end their stakes early get penalized for going back on their word and much of the interest they've earned gets paid to the stakers who haven't gone back on their word. The idea is to build a ladder of different stake lengths so that you can always be cashing them out along the way. The interest you are paid for shorter stakes is obviously much less, but it's still waaay better than you can get at a bank. Like one year stakes can pay around 15%. And again, that doesn't include price appreciation which has been crazy to say the least and just keeps going.

The reason PulseChain is happening is because you have to pay gas fees to begin and end your stakes since HEX is an ERC20 token. Richard Heart got tired of watching people staking small amounts of HEX having to basically pay large percentages of their gains in gas fees, so he decided to do something about it.

He's forking the entire Ethereum chain, ERC20's and all, and creating pERC20's (Pulse ERC20s) on the new chain. He did a sacrifice phase where people sent literally millions of dollars of coins/tokens that they will never have access to again, including $27M+ to a charity doing research to cure aging. In doing this, those people will receive 10,000 PULSE for every dollar sacrificed. PULSE will be the gas on the PulseChain. There will literally be over 1 trillion of these tokens valued at zero when they are distributed. Price discovery will happen after that but, it's a POS network rather than POW so fees will literally be in pennies or even less.

Once it starts running, the ERC20s will be duplicated (including any HEX and/or HEX stakes you have) onto the new chain and then price discovery will happen from there. It's going to be very interesting since transacting on PULSE will be almost free compared to transacting on ETH. It will also be cheaper to build on the chain and there will be a built in fanatical base of users right out of the gate.

In my opinion, it was worth gambling on and still is. I just added three more stakes yesterday and plan on adding a few more over the coming weeks. At some point there will be a snapshot taken of the ETH chain and most of the ERC20's people have NOT ON CENTRALIZED EXCHANGES will be copied onto the PulseChain when it goes live. Some shit-coins will not be copied but most will. The big thing though is that your stakes will be copied. So, for instance, if you put $1000 into HEX and staked it for 5 years, when the new Pulsechain comes out, you'll have a $1000 5 year stake on pHEX as well. If Pulse ends up failing, which it could (although I don't think it will), you've lost nothing. But if it works....you just doubled your money PLUS the price appreciation. The numbers get pretty nuts.

I'd recommend listening to a few of Richard Heart's YouTube videos. The guy is a little arrogant but...he's been nothing but right for a long time.

Add another 1 comment onto my LMT total, please. lol

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