What is the FreePulse.io/shares (FP) token?

FreePulse (FP) becomes a token on the PulseChain. However, we see it less as a simple token, more as shares of a company. Below you will find some details about the shares. First of all, we would like to note that you can not have any expecations of profit from the work of others.

-specs-
FP has a fixed supply of 777,000,000 units. It doesn’t ever inflate. It has no admin keys, no timelocks, no fees or taxes, can’t be censored as it runs on the PulseChain, its code is immutable and consists of only 9 lines of code. Therefore, even a layman can verifiy that it is legitimate.

-utility-
Since a token itself is pretty useless, it might have some great features. The list below isn’t any kind of guarantee, do not expect the token to actually have these features and do not expect profit from the work of others.

1. The platform might get turned in a DAO on the long run. Meaning whoever holds FP might have the possibility to vote for example on features or the change of parameters. The holders of large bags (5,000,000+ FP) might have the opportunity to start a vote.
2. In house advantages such as a lower house edge, the possiblity to claim more PLS each hour or to claim them more frequently.
3. Since some entity seems to care about the community, they might want to give them back what they might lose on the website. 30% of the potential profits that FreePulse could generate might or might not go towards a buyback program. Meaning that some entity might buy supply from the open market and thereby push the price of FP towards the upside. This way ongoing buying pressure might be created.
4. In case said entity really decides to buy back tokens from the open market, it might aswell burn them to lower the total supply and make the FP token more scarce. Meaning that a holder’s proportional share of the total supply might increase over time. This mechanic would make the token deflationary. Again, do not expect profit from the work of others.

It’s very important that you do not ever have any expectations of profit from the work of others!

-dedication phase-
There’s going to be a dedication phase for the freedom of commerce — the freedom to freely transact, gamble, and share value uninhibited by government. It’s going to be short&sweet. Only one week long. There will be a volume bonus (up to 2x), allowing large dedicators to gain more shares in the dedication pool. Read more about it here.
As they are a beautiful set of people to airdrop something to, the dedicated might or might not receive their fair share of 77M FP (in proportion to their shares in the dedication pool). Anyways, they should be aware that they can not have expectations of profit from the work of others and that said airdrop isn’t guaranteed.
Dedicators will be able to sacrifice ETH, HEX, PLS, PLSX, eUSDC and USDL. Other cryptos might be added aswell.
The dedication phase will be announced 2–3 weeks in advance.

-trading-
$FP could be tradeable on PulseX, and some entity might provide enough liquidity to ensure that retail traders can trade without suffering from high slippage. The liquidity might be provided against a stablecoin (for example eUSDC or USDL) to ensure that FP doesn’t dip when other cryptocurrencies do (Heart’s law). Again, do not expect profits from the work of others.

In case you have any questions regarding FP, you might want to join our chatroom at t.me/FreePulse. For the latest updates on the project follow Twitter.com/FreePulseio

Disclaimer: Note that you can never expect profit from the work of others and that nothing written in this article is any kind of guarantee.

-F