PLS blockchain, where to buy and swap PLS, where to store PLS

PLS is the native token of PulseChain, a layer-1 blockchain, the cheapest Ethereum fork. The PulseChain project was launched by Richard Heart, a HEX founder. Initially, PulseChain was created to allow HEX holders to make transactions without paying excessively high fees on the Ethereum network. PulseChain utilizes the Proof-of-Stake consensus algorithm which was advertised as an advantage compared to Ethereum. But after the Ethereum upgrade to PoS, this benefit isn’t actual anymore.

What Is PLS Token?

PLS is the native token of the PulseChain network. It is used to activate validators, pay transaction fees, and connect to other chains.

To receive PLS, users had to donate any crypto or fiat to charities listed for donations. This action was called “sacrifice”, and in return, users were rewarded by PLS. The amount of PLS tokens depended on the size of donations.

PLs has a fixed supply of 4 trillion tokens, so the deflationary model of the token means that over time, when the project will be gaining value, the PLs price may grow. PulseChain burns a part of transaction fees thus reducing the maximum of available tokens in the market.

Along with “normal” PLS tokens, there are so-called freemium PLS. When PulseChain forked from Ethereum, users who held ERC-20 tokens on the Ethereum network, received PLS. These PLS tokens can be used to pay transaction fees but cannot be sold or purchased.

Where to Purchase and Swap PLS

You can buy PulseChain on several exchanges, including LetsExchange. On LetsExchange, you can swap for it any of 3,900+ supported coins and tokens, without any upper limitations.

LetsExchange offers non-custodial services, it doesn’t keep your funds. All you have to do to buy PLS is to:

Pick in the widget in the You Send field the coin that you will use to buy PLS.
Indicate how many coins you are going to swap for PLS.
In the You Get field, choose PLS.
Add a promo code if you are lucky to have it. It will enable you to get a cashback when buying PLS.
Provide the PLS receiving address. There, your coins will be sent after the swap.
If you want, you may add a refund address. If the transaction isn’t processed, we will send your refund there.
Finally, send the crypto to the indicated deposit address, and the platform will proceed with your swap.

Receive your PLS to the wallet you’ve provided, and download a receipt with the swap details.

Using LetsExchange is the best option to get not only PLS but many more coins and tokens that are not supported by many platforms. Moreover, here, you get the best rates, and all processes are 100% transparent.

How to Store PLS

PLs is a fork of Ethererum, therefore, it is supported by the wallets that support ERC-20 tokens (almost all wallets).

From cold wallets, the most recommended are Trezor and Ledger. And if you opt for a hot wallet, you may have a look at MetaMask, Trust Wallet, Exodus, Mycelium, and other options that you find convenient.

Bottom Line

Even though PulseChain is referred to as a controversial project, its donation initiative at the launch is unique and is meant to make an impact. The project is pretty ambitious, and if all is done correctly, it may have a bright future.

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