🪙Stablecoins Have a look at ........

[LegacyBuilder248]

Since its a beautifull day and i like this forum i would like to add to maybe have a closer look at the stablecoins from pulsechain.
Yes its called a dead project.Yes it is run by Richard Heart which i saw last year for 5 minutes flexing with his watches and thought what a dumb idiot and yes its not listed anywhere.
But let me tell you something sometimes horses that have been declared dead live longer.

If you do a more deep research you find out that there is a clear plan behind it and that there are many influencial people involved which are either currently hidden or silent.
Also not being listed in exchanges and in coin marketcap listing deep hidden indicates of a long accumulation.
SEC ruling indicates big people are involved.

P.S when researching about pulsechain i also checked newer clips from Richard Heart and he is definetly not a retard like i thought last year.

Have a closer DEEP look maybe you will like what you will see .
PDAI,pUSDT,pUSDC

 

[roydan]

What advantages stablecoin X can have over stablecoin Y beyond fees that are usually very minor anyways?

 

[LegacyBuilder248]

What advantages stablecoin X can have over stablecoin Y beyond fees that are usually very minor anyways?

that stable coin x costs only $0.00154 because its not pegged yet

also once clarity act comes only stable coin x will be legally allowed to have yield
and only stablecoin x can't be frozen compared to all other stablecoins
and MAYBE ??? because devs from some big communities will switch everything to pulsechain ?

But who knows

 

[roydan]

that stable coin x costs only $0.00154 because its not pegged yet

So it costs 0.00154 despite supposing to be worth a dollar? Or was it intended to be worth a fraction of a dollar?

 

[LegacyBuilder248]

So it costs 0.00154 despite supposing to be worth a dollar? Or was it intended to be worth a fraction of a dollar?

It was an airdrop to all DAI holders.PDAI is a fork of DAI.
The gameplan is to pegg it.

 

[roydan]

It was an airdrop to all DAI holders.PDAI is a fork of DAI.
The gameplan is to pegg it.

I'm not smart enough to understand what you said lol

 

[t2van]

I'm not smart enough to understand what you said lol

Get forum users to buy it to help him raise the price to get him out of hole

 

[LegacyBuilder248]

Get forum users to buy it to help him raise the price to get him out of hole

i bought near bottom but its ok.Thats why i do not recommend just asked people to have a look at it.
Also i doubt you have the funds to move the price signifcant to make a diffrence.

Your research your decission your outcome

But i see you bring BHW niveau here having no knowledge about the project itself but providing instantly stupid comments.

 

[BlogPro]

Delulu is not always the solulu.

Richard Heart is still a fugitive.

Stablecoin pegging is not as simple. It requires a stable reference asset. Which means a lot of currency. That's not going to happen anytime soon.

 

[t2van]

i bought near bottom but its ok.Thats why i do not recommend just asked people to have a look at it.
Also i doubt you have the funds to move the price signifcant to make a diffrence.

Your research your decission your outcome

But i see you bring BHW niveau here having no knowledge about the project itself but providing instantly stupid comments.

Yes, because your post into it doesn't sound like a pig butchering scam at all... you're flaunting Richard Heart as some kind of winner and I'm providing stupid comments.... okay

 

[LegacyBuilder248]

Yes, because your post into it doesn't sound like a pig butchering scam at all... you're flaunting Richard Heart as some kind of winner and I'm providing stupid comments.... okay

You know if you did not a research its ok.Its your choice i don't mind.
But throughing stupid assumptions not knowing shit about the project or richard and the group behind him just shows your standards.
Calling for a scam.Ok can be your opinion at least use accusations which makes sense.Because you can't move the price so what exectly would be my benefit from luring people into it ?

 

[t2van]

You know if you did not a research its ok.Its your choice i don't mind.
But throughing stupid assumptions not knowing shit about the project or richard and the group behind him just shows your standards.
Calling for a scam.Ok can be your opinion at least use accusations which makes sense.

AI Overview



Richard Heart (born Richard James Schueler) is a highly controversial figure in the cryptocurrency industry, best known for creating HEX, PulseChain, and PulseX, which have faced widespread accusations of being scams or Ponzi schemes.
In July 2023, the U.S. Securities and Exchange Commission (SEC) sued Heart for defrauding investors, alleging he raised over $1 billion through unregistered securities offerings and misused over $12 million of investor funds to purchase luxury items.

Key Allegations and Background

• SEC Lawsuit: The SEC charged Heart and his projects with conducting unregistered offerings of "crypto asset securities." The lawsuit alleges that Heart raised over $1 billion from investors.
• Misappropriation of Funds: The SEC complaint alleges that Heart diverted at least $12.1 million of investor funds for personal luxuries, including the purchase of the 555-carat "Enigma" black diamond, high-end watches, and luxury automobiles.
• Fund Recycling: Critics and regulators, including the SEC, have alleged that Heart used a "Hex Flush Address" to recycle investor funds to artificially inflate the apparent success of the HEX "presale" and maintain control over the majority of tokens.
• "Spam King" Past: Before his career in crypto, Heart was known as a pioneer in spam email, often referred to as the "Spam King," and lost a lawsuit related to sending unsolicited emails in the early 2000s.
• Legal Troubles in Finland: Reports indicate that Finnish authorities have investigated Heart for gross tax evasion, alleging he owes hundreds of millions of euros in taxes.

Projects Involved

• HEX: Marketed as a "blockchain certificate of deposit," HEX allows users to stake tokens for high interest rates. It is often described as a Ponzi scheme by critics, as the high rewards are funded by new entrants.
• PulseChain & PulseX: These were presented as a new blockchain and decentralized exchange, respectively, launched through a "sacrifice" phase rather than a traditional ICO to avoid legal scrutiny.
• Performance: Following the SEC lawsuit, the value of HEX dropped dramatically, often cited as over a 99% decline from its peak.

Because you can't move the price so what exectly would be my benefit from luring people into it ?

You tell me

 

[LegacyBuilder248]

Why invest based on AI overview ?

You must be broke heh ?

 

[t2van]

Why invest based on AI overview ?

You must be broke heh ?

Because I can share a bunch of links as well, but it's all citing the same sources, or will the news sites be fake media?

You understand how the overview works? Or is that a bit like crypto and gets you all confused also?

 

[LegacyBuilder248]

Sorry i'm not here to waste my personal time with someone who does a 2 sec research with AI.
If you think hidden gems are being found via AI good luck with that

I recommend people to have a look at it and do their own proper research and make based on that their own decission.
I don't mind if people do not invest.I got nothing from it anyways.Its your decission and your outcome.

Myself i just asked to have a look at something which might change some peoples life.

 

[roydan]

Can I ask a technical question for a sec? It's the one thing I thought I understood about stablecoins and it doesn't make sense in this one

How is its value still a function of demand and supply? Isn't it supposed to be tied to a coin? Like, if someone bought 5 billion USDT and USDC they would still be worth $1 because that's what they're backed by.

So how can supply and demand affect this one?

 

[LegacyBuilder248]

Can I ask a technical question for a sec? It's the one thing I thought I understood about stablecoins and it doesn't make sense in this one

How is its value still a function of demand and supply? Isn't it supposed to be tied to a coin? Like, if someone bought 5 billion USDT and USDC they would still be worth $1 because that's what they're backed by.

So how can supply and demand affect this one?

USDT ,USDC etc are backed by real assets.
Thats why under law they can be frozen and soon won't be allowed to generate yields.
PDAI is a smart contract so called smart asset which is backed by diffrent coins inside the system which are till this date disabled.
SEC confirmed that pulsechain and its stablecoin do not fall under SEC which means they don't need to implememt freezing feature to be legal and can provide yield.
Value is not only by demand and supply but also by internal collateral / lending / minting etc options which are currently disabled.
whole system is build to support the pegg.Once it goes live it will support the pegg via diffrent smart contracts.
There are of course also bridges to all other blockchains and coins including stablecoins which will support the pegg

 

[LegacyBuilder248]

orginal DAI was also never backed by an Asset by law but by ETH via smart contratcs only.Today its backed via diffrent sources including stablecoins which means DAI won't be allowed to offer yields soon.
And when there are no yields for minting DAI what is the benefit for taking the risk to mint DAI's with your ETH

If you look in the past all stablecoins which were based on smart contracts have been on purpose destroyed via diffrent attacks.The most popular one was from Luna.

And behind Richard are clearly some hidden people else the SEC would rule totaly diffrent.
He also used the lawyer from Trump in the court against SEC.


Also the low price of the stablecoins are not because of the low demand only
but mainly because of price surpression bots which keep the price down clearly for accumulation.
Why else would you take all coins from pulsechain out of any exchange and hide it on websites like cmc,coingecko etc under rank #4000 when it marketcap clearly would list it way higher.

You need to research the full story of PDAI and pulsechain from the beginning to understand what is happening