Pulsepot : A Decentralized Casino on PulseChain

I own PLSP tokens, so I am obviously biased

Pulsepot is a decentralized protocol that allows users to play various games of chance on the PulseChain network. Unlike traditional casinos, Pulsepot is a player vs player platform, where you cannot bet against the house. The house doesn’t play, it only provides the infrastructure and the rules for the games.

What are the games on Pulsepot?

Pulsepot currently offers three games: Jackpot, Coin Wars, and Plinko. Each game has its own rules, rewards, and risks.

• Jackpot is a game where your odds of winning are proportional to your position. For example, if player one puts 3 USD and player two bets 1 USD, then player one has 75% of winning. The round lasts 3 minutes, and the winner takes the whole pot.
• Coin Wars is a game where you can choose between two coins: Pulse or Hex. You can bet on either coin, and the coin with the most bets at the end of the round wins. The winners share the pot according to their bets, while the losers lose their bets.
• Plinko is a game where you drop a ball from the top of a board with pegs. The ball bounces randomly on the pegs until it reaches one of the slots at the bottom. Each slot has a different multiplier, ranging from 0.1x to 1000x. The multiplier determines how much you win or lose based on your bet.

How does Pulsepot work?

Pulsepot is powered by smart contracts on the PulseChain network. PulseChain is a fork of Ethereum that aims to provide faster, cheaper, and greener transactions. PulseChain also preserves the history and balances of Ethereum users, giving them free PLS tokens.

Pulsepot has its own governance token, called PLSP. PLSP has a total supply of 1,000,000 tokens, of which 80% were distributed to early sacrificers, 10% were reserved for participations phase, and 10% were reserved for team wallet. PLSP holders can stake their tokens to reduce fees from winnings if they elect to play.

Pulsepot charges from 1.5% to 3% fees from the winnings of each game. All fees are used to buy and burn PLSP tokens from the market, creating a deflationary pressure on the token supply. As of the time of writing, 1.44% of the total supply have been burned in 45 days only. This is on par for a burning rate above 10% yearly (this figure will vary depending on volumes and PLSP price action).

What are the advantages and disadvantages of Pulsepot?

Pulsepot offers some benefits and challenges for users who want to play or invest in the protocol.

Some of the advantages are :

• Pulsepot is decentralized and transparent, meaning that there is no central authority that can manipulate the outcomes or censor the transactions.
• Pulsepot is rewarding and innovative, using a buy and burn mechanism to increase the value of PLSP tokens and incentivize participation.
• Pulsepot has great fundamentals and is deflationary from day one

Some of the disadvantages are:

• Pulsepot is risky and volatile, meaning that users can lose their bets or see their tokens fluctuate in price due to market forces or technical issues.
• Pulsepot main drawback : it is unknown and niche, meaning that most Pulsicans and Hexicans don’t even know about the protocol. Which could turn to be your advantage, if I’m buying today, I would consider myself an early investor. Price action has only double since launch, meaning, it has barely moved

Conclusion

No financial advice, do your own research and be responsible for your actions. I am just a random guy on the web.

Useful informations :
- website : pulsepot.io
- PLSP token address : 0xC52F739f544d20725BA7aD47Bb42299034F06f4F