It has to work it’s way there
David (0) has increased reputation of 🐢 turned 🦑💯Staker dm = scam (337)
HEX on the Pulsechain will have the same value as all the other coins on the Pulsechain before the bridge opens, ZERO. Once the bridge opens people can pair their ERC20's with the PRC20's they got for free so price discovery for the Pulsechain version can begin. Being HEX on the Pulsechain will work exactly the same as HEX on Ethereum and it will have a working Pulsechain front end, as well as game theory to keep the values similar through T-Share arbitrage, HEX should be the first to reach parity for both sides IMO.
In all honesty I'd hoped that the value would be about the same to begin with so I could use my free phex for plsx and pls chain. But if that's not the case immediately then i guess there could be a great arbitrage opportunity to swap ehex for phex if the ratios are out of whack
Just know your ratios for what is a bargain and what is not. I.e 1 hex should be worth about X pulse or Y pulsex, anything better than that I'm winning.
Probably better to have usd for plsx and pls . May be able to get a better ratio for ehex and phex.
If you think hex is going to go down in $ value, probably. If you were of the mind that hex is going to appreciate in $ value, it would make sense to be uilising hex as a capital reserve.
I get that. My main focus has been on plsx and pls but I think your right. Hex is Richard's baby . I think its overlooked because of the plsx and pls chain layer 1 project ... honestly cant wait till launch
Regardless, on the fork, you're going to want the asset that is going to hold it's value the most. A stablecoin doesn't have actual backing from it's parent companies on Pulse chain at launch, therefore it is highly likely that it will be worth far far less than a perceived $1. Hex as a capital asset on Pulse Chain seems appropriate to me.
Isn’t usdc an erc-20, will there be a comparable coin on pulsechain?
Nobody knows what’s going to happen. This has never been done before. But yes. All will have PRC copies.
Stable coins are ERC20's and they will be copied to the Pulsechain by the fork. It will be worth something at launch, but not $1. What make it stable at $1 is the fiat backing. If the backing is completely removed, it's no longer stable and up to the market to decide what it's worth. They also have the option to invalidate all the forked coins with admin keys.
Which one is best strategy : 1- sell all my erc20 coins and buy hex now 2. Sell all my erc20 coins and buy USDC 3. Dont touch my erc20 coins and just buy more hex
Divorce wife and get new girl 💕
sell all coins for USDC
Im serious man
Do it
That’s my understanding. I asked because feeling that hex might very well dump hard after the snapshot, I’m wondering if I’d be better off moving a good chunk of my hex over to usdc?
don’t do that
It's your money -
just buy the dip. you aren’t going to time the market
Personally, I would rather own the copies of HEX than any other ERC20's. Pretty obvious HEX will be the one most people will be going after before the bridge opens. It will have full functionality and game theory built in for it to reach parity with HEX on Ethereum.
Even should this turn out to have been a good Ethereum-side move, it's unlikely to turn out to have been good as far as the fork-copying goes. Rather, hold HEX through the fork and then immediately swap that HEX to USDC if you think HEX on Ethereum will "dump" after the fork.
That's up to you. There is a clear downtrend in risk assets, but no one really knows what's going to happen. By moving in to stables before the fork you mitigate short-term risk, but you also give up value of your forked copies and the upside from that.
Some sites make money when you lose money. They profit from you switching positions and coins over and over. Some profit from advertising you things that will get you rekt. Your job is to notice, that in crypto, "some" actually means "most." (This means ranking sites and margin trading sites. The only good thing is fiat onramp exchanges, they're necessary.)
How many hex do I need to copy erc20 tokens in my wallet? Please?
Wowww still buying as much as possible
🐢 turned 🦑💯Staker dm = scam (339) has increased reputation of Elita The Crypto Wonder (WILL NOT DM 1ST) (1)
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