- On 10th January, the initial phase of PulseX’s “sacrifice” came to an end. Bagging a sum of $1 Billion, and making it among the most significant funding rounds ever in the crypto sector’s history.
- This came after half a billion Dollars got sacrificed to PulseX, an upcoming Ethereum fork where PulseChain is anticipated to be the prime DEX.
- As per disclaimer on its site, through sacrificing their digital assets, they are not acquiring PLSX. They can give their cryptocurrencies away, sacrificing them in a form of political statement.
It relies upon whether you ask backers or detractors, it is either an escape clause to be ignored being tagged as security by SEC, or a proof that it is upcoming Bitconnect.
Assuming majority of funds sacrificed were de facto investments done with anticipation of profits, nor came from wallets linked with the team to engorge project, how did Richard Heart led the chain to become among the greatest fundraising drives in crypto sector’s history?
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