Will the Pulsechain NFT copies be required when you sell your Bored Apes on ETH?
The highly anticipated complete system state copy of Ethereum will take place sometime in 2022. This upgrade from Proof of Work (Requires Miners) to the much more environmentally friendly and low-cost Proof of Stake technology will make DeFi boom again. This is called a Snapshot.
What do you mean by a copy of my ERC-20?
The Pulsechain launch will copy every ERC-20 and ERC-721 token 1–1 into the PRC-20 and PRC-721 equivalent. Yes, so all your Shib tokens and your Cryptopunks will be doubled!
All you would do is switch the Network in your MetaMask to the Pulsechain.
Setup and try the Testnet now. First, get a free test pulse at the faucet:
Second, go to the Uniswap V2 Testnet and make a free swap:
The swap fees will be on average less than a penny!
Full guide and information at https://howtopulse.com
How do you get your copy?
Well, first make sure all of your assets are in your personal and private wallet.
If you have any assets on centralized exchanges, such as Binance, FTX, Coinbase, etc… you will most likely get no access to your PRC copies.
The exchanges will only have access to those coins as they hold the Private Keys to the exchange wallets.
It is recommended that users get used to removing their funds from exchanges as security breaches are on the rise.
When Bitcoin was created it was designed to be a peer-to-peer digital asset for people to transact without a financial entity as a middleman. It seems as though people have forgotten that centralization is not really crypto.
Will you want both copies of your NFT?
Once the fork happens, every NFT will be copied.
So, that now brings up the question. “Do I get both versions of the NFT if I buy your Bored Ape?”
The answer is not necessarily. A seller now has the opportunity to sell the ERC version and PRC version separately (Mintra). So, that may cause a stir in the NFT community when their Serial Numbers loosely related to JPEGs are copied.