REX

ON PULSECHAIN

A closed DeFi ecosystem on PLS.
Built for building, not for trading.
Protected. Delayed. Gratification.

WELCOME

 

WELCOME to REX on PULSECHAIN

 

 

 

LAUNCHED !

 

 

 

Five steps to use REX

 

 

 

 

 

 

Acknowledgement and appreciation

 

PLS-REX has been designed especially for PulseChain. It's the perfect environment with smart people understanding the concepts of DeFi, staking and delayed gratification - the REX protocol on PulseChain is made for you. All REXicans, HEXicans, PulseChain lovers and the whole crypto fam.

 

We want to express our love and respect for PulseChain creator Richard Heart and his community. Needless to say, many REXicans are also HEXicans, including the REX creator. We are happy and proud to be a part of Pulsechain and hopefully contribute to its growth and success - and get even more people excited about staking - and maybe get some stakers excited about utility-NFTs.

 

 

 

 

Latest dev updates

 

 

2024-02-21 :: SMART CONTRACTS are LIVE
Upload completed. PLS-REX is live on Pulsechain. It's REX DAY 0.

REX DAY 1 starts as planned, on Friday.
Note: The TREX pair is created and already active.

ALL SYSTEMS ON 'GO'

 

 

2024-02-20 :: Preparing the contracts

...to upload, publish and verifiy them for the community, tomorrow.

One year of development, inputs, thoughts, discussions and a lot of math comes to an end.

Thank you all for your patience.

 

2024-02-16 :: 3-days dev hackathon - website usability improvements

2024-02-11 :: 2-days dev hackathon - last numbers and tokenomics check

2024-02-06 :: Dev hackathon #3 (code extension WREX)

2024-02-04 :: Announcement: Launch on Feb 23, 2024

2024-02-03 :: AIRDROP addresses fixing and contract extension (11 contracts).

2024-01-31 :: Code extension for TREX staking.

2024-01-20 :: Code extension for liquidity provision.

2023-11-05 :: Code extension for passive income NFTs.

2023-10-06 :: Code adoption and extension.

2023-06-15 :: PLS MAINNET test successful.

2023-06-03 :: For all BSC-REX holders: The "airdrop amounts" have been published.

2023-05-27 :: Current progress and tasks of the devs: tweet

2023-05-24 :: Development (5 contracts).

2023-05-23 :: Shaphot of BSC-REX holdings has been accomplished.

2023–05 :: Airdrop details and snapshot announced

2023–05 :: Published pulsechain-rex.io (now: pls-rex.io)

2023–04 :: Started private testnet 1 (PLS / REX)

2023–03 :: Started creating whitepaper
2023–03 :: First AMA (english)

2023–02 :: Started creating pulsechain-rex.io (now: pls-rex.io)
2023–02 :: Started defining REX on PulseChain AIRDROP
2023–01 :: Started preparing REX (PulseChain version)

 

 

The story in short

REX on PulseChain

 

The idea of REX STAKING was born in 2020.

 

In 2021, we had a not-fully-audited REX 1.0 running on Smart Chain, that unintentionally paid like 20% staking rewards - per day. (It wasn't obvious that it was a code error, because the interest rate went down daily as intended, but not as fast as expected.) Anway, the price went up like crazy and people loved it. Of course, in the end, it was not sustainable, and we tried to fix the inflation, but we couldn't because there were no admin keys. So, at some point, it collapsed. We did an airdrop into REX 2.0.

Lessons learnd: 1) AUDITS. 2) High rewards are awesome.

 

In 2022, we have started the triple-audited REX 2.0 running on Smart Chain, packed with all our inventions, paying +50% staking rewards per year. It runs smoothly and sustainably. Although we had a lot of promotion and we had a lot of eyes on REX, the real hype hasn't kicked in, it hasn't mooned yet. In deed, the price chart is far below expectations. Maybe the chart will turn someday - REX (XRX) is flawless, unstoppable, triple-audited and pays a lot of staking rewards. And it provides all the flexibility in staking that we wanted. Currently, there are 30,000 active stakes and around 1 million Dollar MCAP and TVL. Find it on bsc-rex.io - look at cool stuff we have build so far. Consider to get some REX (XRX) tokens on PancakeSwap.

 

In 2023, we have been following the wish of our community to build a special REX for PulseChain.

So we were thinking about what could be a game changer in staking: easy to understand, easy to use, easy to play - fitting our mindest and fulfilling our appetite for price appreciation. What is the essence to create real long-term sustainability - without giving up the flexibilty we love? Would it be possible to create something that constantly goes up, but also allows cashing out regularly - without harming the chart? What does it take to build a long-term passive income model that users can rely on?

 

Here is the very short summary of our thoughts.

 

In today's DeFi crypto world, you need one of two things to create an enjoyable token: HIGH REWARDS or PRICE APPRECIATION. You can't have both. For PLS-REX, we went for PRICE APPRECIATION.

 

To achieve that, you'll need a set of restrictions or incentives. We went for both. On the one hand, we have a few restrictions (preventing traders from "dumping on the stakers' heads"). While being safe from the short-term / swing traders, long-term committment is heavily rewarded - while preserving the users's flexibility.

 

The details, token economics and strategic considerations are explained in the whitepaper.

 

 

INVENTIONS

In General, REX on PulseChain will provide the same features as REX on Smart Chain, but with little changes - designed to provide benefits for long-term thinkers and keep out swing traders and bots.

 

REX has also added amazing new NFTs that earn constant rewards when staked (activated) and thus extends the usual token staking to NFT STAKING. But REX NFTs cannot only be staked, but also fed - to grow them bigger - to earn more rewards.

 

Find all details in the whitepaper.

 

How to get REX

1. AIRDROP

A portion of the initial supply of REX on PulseChain will be available for REXicans, who particpated in REX on Smart Chain - and bought REX tokens there. So, this "airdrop" might be considered as a kind of "presale" on Smart Chain. Those users receive a portion of PLS-REX, which can be claimed as stakes after launch, so the supply isn't immediately available, but distributed over a period of time - which shall prevent from dumping.

 

Technically, there was a snapshot of the holdings on Smart Chain (in May 2023) and there will be an "airdrop" for those participants. The "airdrop" is claimable in the form of 10 REX stakes and will be claimable from REX DAY 1 to 365, so there is plenty of time to claim it - yet earlier will certainly be better.

 

Details: Airdrop explanation page


 

2. SAC

A portion of the initial supply of REX on PulseChain will be given to the SAC PHASE participants. This is especially for everyone who has missed the above BSC-based airdrop / presale.

 

The SAC PHASE will happen from REX DAY 1 to 28.

During SAC PHASE, participants may sacrifice PLS tokens. After SAC PHASE, from REX DAY 29 to 365, participants may claim their REX.

 

Note:

The address who has sacrificed the most PLS during the first 21 days of SAC PHASE will automatically receive 1% of all sacrificed PLS tokens so far with the beginning of REX DAY 22. This is related to the "liquidity day" on REX DAY 22, when also the initial liquidity is sent to the REX-PLS pair. From then on, it's also possible to buy REX from the pair, see the next point.

 

Details: SAC explanation page

 

 

3. SWAP / BUY

REX will be available on PulseX (REX-PLS pair) from REX DAY 22.

Swapping tokens will be availble in the app.pls-rex.io, then.

 

 

MORE UPDATES


Join our channels (below) to get the latest news and updates!

 

Thank you!

AMAs

Please acknowledge some of the plans mentioned in the above March 01 AMA have changed due to REX community discussions.
We'd like to keep it online for documenting the development process.