The Best Hodl Coins in Preparation of Pulsechain Launch
Disclaimer: I am not a certified accountant, lawyer or financial advisor. Everything I write is for educational purposes. Before conducting on any of the information, please be sure to consult an expert.
In the middle of writing my last article in regards for Moonbeam, I couldn’t help but have pondering thoughts on which coins I should own for Pulsechain. I already wrote two articles regarding Pulsechain, Overlooked Pulsechain Projects and Which Coins Will Have the Most Value at the Launch of the Pulsechain Network? But it deals very little with the question of which coins I would want to own when Richard Heart is ready to fork the Ethereum network as every person is getting a 1:1 copy of their ethereum tokens on pulsechain.
Ethereum
At the launch of Pulsechain, every person holding ethereum in their personal wallet will get a 1:1 copy in their pulsechain wallets. Ethereum alone is regarded as one of the easiest investments to buy for anyone in crypto. Even though the people who sacrificed the most for pulsechain will receive the most Pulse tokens, it doesn’t mean other people can’t make a profit on this free airdrop.
USDC
This should be another no Brainer. Although at the beginning of the launch of Pulsechain you will get a 1:1 copy on pulsechain, it doesn’t mean it will equal $1 at launch. If pulsechain is successful, you could see it reach parity. The reason why USDC could have a large amount of value in Pulsechain is because it acts as the defacto LP token for HEX. There are incentives by Richard Heart and his team to keep a 1:1 peg of ETH USDC to Pulse USDC. Likewise, having USDC early on can give you a chance to pick up whatever coins you want as cheap as possible after the launch of pulsechain. Also, it is like doing 2x your money without having to speculate on anything.
HEX
The core reason why Richard Heart is launching pulsechain is actually to support his initial project, Hex. Given the nature of the Hex smart contract being immutable, Richard Heart designed it around certain rules to make it fairly cheap to use. However, the ethereum foundation made some changes to the network that made using HEX extremely expensive. In addition, the coin is mainly available on dexes, which can be an expensive onboarding fee. At the height of the 2021 Bull Market, it could easily cost people north of $100 to do a swap transaction. This also made onboarding new users prohibitively expensive.
Hedron
This is an interesting token and project designed to support HEX. One weakness regarding Hex is that it locked up people’s tokens into a contract that punished people for unstaking their Hex too early. Hedron helps make staked hex more liquid. Instead of directly Staking your hex through the contract, Hedron allows people to stake through their project and wrap their stakes in the form of a NFT that can be sold on the open market known as a Hex Stake Instance or HSI. Another option is to borrow against your HSI and receive Hedron in return. If the person doesn’t pay their debt off, the HSI goes into an auction.
Icosa
Icosa was designed to solve the tokenomic problems of Hedron. People liked what hedron could do as a platform but didn’t care for the actual token itself. So everyone who owned hex basically dumped their free Hedron tokens. So the Icosa platform was born to pump the price of Hedron.
The basic principle follows as such:
Stake your Hedron on Icosa to yield Icosa Tokens
Take your Icosa Tokens and yield Hedron tokens and Icosa tokens
Restake your Icosa and Hedron for more of each token.
It is a little more complicated than that. I probably listened to at least 10 hours of youtube videos to make it click. As far as price speculation, Icosa could be a hidden gem low cap. Let’s make some comparisons of three tokens: Hex, Hedron and Icosa. All data is based on what was written at the time.
Hex
Market Capitalization: 26 Billion Dollars
Price: Approximately $0.04
Number of Holders: 311 Thousand
Hedron
Market Capitalization: 410 Million Dollars
Price: Approximately $0.00000362
Number of Holders: 24 Thousand
Icosa
Market Capitalization: 834 Thousand Dollars (Information from Nomics)
Price: Approximately $1.52
Number of Holder: 2,498
Current Supply Available: 547,764
I also want to throw in some extra information for food for thought on Telegram chat users:
Hex.com: ~34,000
Pulsechain: ~58,000
PulseX: ~50,000
Hedron: ~6,800
Icosa: ~5,600
f you look at the price of Hex and Hedron, they look cheap and inexpensive but only because they are abundant in quantity. On price, Icosa looks relatively expensive against these two other coins. The reality is Icosa is extremely extremely scarce, more scarce than bitcoin. Granted, Icosa is inflationary but so is Hex. Most of the potential price appreciation will come from user adoption. Because Hedron and Icosa are designed to support the overall Hex ecosystem, we need to cap our numbers around that user base. I will assume the following about the users of Hex Ecosystem as such at the moment:
Every token holder we refer to is a Hexican but not all Hexicans own Hedron or Icosa
Every Hedron holder owns both Hex and Hedron but not all Hedron owners hold Icosa
All Icosa users are Hex and Hedron holders.
So here is some interesting kitchen mathematics to observe based on telegram chat users. Please note that everything is theoretical:
For every 1 Icosa holder, there are 2 Icosa telegram chat users. If we assume that if we double the user base, we double the price, the price of Icosa could be worth $3.
For every 1 Icosa holder, there are 13.6 Hex.com Telegram chat users. If we assume the price will be 13.6x based on user adoption, the price of Icosa could be $20.4.
For every 1 Icosa holder, there are 23.2 Pulsechain telegram chat users. If we assume the price will be 23.2x based on user adoption, The price of Icosa could be $34.8.
These boundaries are the most realistic if price appreciation was driven by word of mouth alone amongst telegram chat users. Now let’s do some kitchen math based on the number of token holders.
For every 1 Icosa holder, there are 9.6 Hedron holders. Assuming the price appreciation will be based on the adoption of every Hedron holder buying Icosa, 1 Icosa could be worth $14.4.
For every 1 Icosa holder, there are 124.4 hex holders. Assuming the price appreciation will be based on the adoption of every Hex holder buying Icosa, 1 Icosa could be worth $186.6.
Now let us do some kitchen math based on the market capitalization of their relative tokens:
If the Icosa market capitalization was equal to the market capitalization of Hedron, Icosa would make 491x, making the price of Icosa $737.
If the Icosa market capitalization was to match Hex, Icosa would do 31,175x. That would set the price around $46,762. That would be crazy, that would mean 1 Icosa could buy you two Bitcoins at the price of one bitcoin at the price of $20,000.
When you realize the kind of numbers this cryptocurrency could theoretically do, it really whets my appetite for me.
Maxi
