PulseChain is going to be conducting the largest airdrop in history. The project announced that it is going to be performing a unique airdrop to Ethereum and ERC-20 token holders. But how is that possible? We are going to tell you all the details of the largest airdrop in the history of blockchain in the next sections.
What is PulseChain?
PulseChain is one of the latest projects to be released and it is already making headlines. This blockchain network has been created as a hard fork of the Ethereum network, but its mainnet has not yet been launched. This is why it is very important to know how PulseChain is planning to conduct its airdrop.
As a hard fork of the Ethereum blockchain, PulseChain will have all the information and data stored on Ethereum. This information includes tokens, NFTs, smart contracts, addresses, transaction history and more.
Every single asset that an address owns on the Ethereum blockchain is going to hold the same assets on the PulseChain blockchain network as soon as it gets released. This is one of the most interesting aspects of this blockchain network. There is no action required from users, their assets will simply be there on the PulseChain network on a 1-to-1 basis.
How Does the Biggest Airdrop on Blockchain’s History Work?
There is a simple and easy way in order for users to participate from the biggest airdrop to ever occur since blockchain technology was created. Users that want to participate must hold their ERC-20 tokens or NFTs on the Ethereum blockchain.
However, it is very important to note that users would receive this airdrop as long as they hold these assets in non-custodial wallets. Otherwise, exchanges might not give users the possibility to receive these rewards.
But what exactly is a non-custodial? These are wallets for which you hold the private keys. These are not cryptocurrency exchanges. Metamask or Ledger are just two examples of non-custodial wallets. Most exchanges are not expected to give you the funds that you should receive if the platform does not support the airdrop.
Users that want to receive the airdrop have to rely on non-custodial wallets. Therefore, PulseChain recommends users withdraw their funds from exchanges (centralized platforms) to non-custodial wallets.
It is worth taking into consideration that all the token names will remain the same. However, Ether tokens would now be called Pulse (PLS). Furthermore, any token held on blockchains other than Ethereum (for example Bitcoin, Polygon or Solana) will not be taken into consideration at the time of the airdrop. That means that only ERC-20 tokens and NFTs running on Ethereum will be copied over to PulseChain.
PulseChain is offering the cryptocurrency market the possibility to get access to the largest airdrop in history. Let’s not forget that Ethereum is the second-most largest cryptocurrency in the world, which means that a large number of users is expected to receive the airdrop. If you want to participate, make sure that you hold your Ethereum and ERC-20 tokens or NFTs on a non-custodial wallet.