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RE: Cryptocurrency Used To Raise Money For Research

in LeoFinance3 years ago

This really is a huge leap forward for funding research. The way Richard Heart set it up is actually pretty ingenious as far as both the research goes and the Pulsechain distribution. This money was "sacrificed" to the foundation and/or also to the Pulsechain address meaning that whatever was sent is completely gone. You could receive a tax deduction, however, if you sacrificed to the foundation.

The idea is that people will receive "free" Pulse tokens with a zero value as recognition of their sacrifice. These Pulse tokens will then be the "gas" on the new Pulsechain when it launches exactly like Ethereum is the gas for transactions on it's chain. The difference is, there will literally be trillions of PLS tokens so fees will be fractions of a penny vs the enormous fees to transact on the Ethereum network.

However it works out, Heart wanted to set a precedent with other major crypto players that they should be using their influence for the good of the world, not just themselves. He's hoping this will spur other people to donate as well.

In the meantime, like him or hate him, you can't argue with the results Richard Heart has been delivering. I've been in HEX for a while now and I participated in the sacrifice phase for the Pulsechain as well. So far, it's been one of the best moves I've ever made in crypto. If this works out like it looks like it might, there will be a lot of money continuing to pour into health and research outfits in the future.

Posted Using LeoFinance Beta