Pulse Dogecoin
His invention, HEX, has also served me well in that it has allowed me to become independently wealthy. Someone recently asked me what that means. My answer was that I make more money sleeping than I need to live, so I no longer need to sell my time to an employer for money to meet the expenses of life. To me, that is what it looks like to “Make It.”
For years, Richard Heart has been acknowledged as a thought leader in the cryptocurrency space seeing that he was mining Bitcoin before the first halving occurred in 2013, and was an ardent defender of it in public. To me, one is not regarded as a leader because of the size of the following they have amassed, but due to their ability to inspire excellence in others.
HEX has proven itself to be an excellent product as it has operated continuously, error free for over 1100 days now. And as a result of that, holders of shares in the HEX contract has been privileged to benefit from the work of others who have invented products that have been exclusively distributed to HEX share holders. One such product goes by the name of Pulse Dogecoin. This coin was invented to be the premiere “meme” coin of the upcoming Pulse network that is yet to be deployed.
Pulse Dogecoin was invented by a day 1 HEX share holder who goes by the title of Hexinfo on Twitter and Telegram. This product was made available to HEX share holders on April 20, 2022, and had a six month window of minting before the supply would be permanently fixed. That supply would eventually be almost 6.1 million coins. The initial trading pair resulted in the coin launching at the value of one dollar each.
Over the past three years of HEX’s existence, there have been other products that have attempted to lure Hexicans away with distractions of future glory, only to leave them with disappointing results. Some have surmised that Pulse Dogecoin falls into this same category. The reason it hasn’t however, is due to the fact that the code was designed with a function that would result in the HEX origin address receiving over 4% of the entire coin supply.
The origin address is like the godfather of the entire HEX ecosystem. It holds most of the circulating supply of the HEX tokens (and has never sold a single one) which in turn protects the price while also allowing for share holders to receive a larger portion of the inflation than they would if those tokens were staked. By giving such a significant percentage to the origin address, Pulse Dogecoin is paying its respects to the godfather, and has earned its right to respectfully coexist in the HEX ecosystem in spite of the opinions of others.
But wait, there’s more! Not only is Pulse Dogecoin a store of value (since it has a fixed supply) that is disguised as a meme coin, it has also voluntarily become hyper-deflationary for over the past six weeks as holders have opted to transform the token into another token called ASIC (Application Specific Internet Currency), which is the token that is used to mine Pulse Bitcoin, the subject of a previous article. This ability to transform ends on December 20th. These transformed tokens are sent to a dead address, and can never come back into circulation again. As of this writing, over 53% have been transformed. When coupled with the 4% the origin address holds, the circulating supply is now less than 3 million coins. The top 500 addresses (which include the dead, and the OA) currently hold over 76.5% of the total supply. These economic factors have the price flirting with another all time high for the third time since launch. This may be unprecedented when examined in light of current market conditions, which have been at play for over a year now.
Imagine what could happen to the price if the people who transformed their Pulse Dogecoin want to buy back their original position after December 20th?