REX will launch on PulseChain

airdrop / SAC

How to get a portion of the initial supply of pREX

 

1. Airdrop

A portion of the initial supply of REX on PulseChain will be given to REX BSC holders and especially stakers. This is to reward people who have been with us for such a long time. Find details below.

 

2. SAC

Another portion of the initial supply of REX on PulseChain will be given to the SAC participants. Find details below.

 

 

AIRDROP
(only for REX holders on Smart Chain)

 

The airdrop has 3 steps.

 

On PulseChain launch, when "Richard Heart" announces on twitter PulseChain main net is live, we will wait exactly 10 days to make sure PulseChain runs well and all the planned things on PulseChain have happened successfully and then do the (1) snapshot the SmartChain REX holdings, (2) calculate the airdrop amounts per address and then (3) process the airdrop in the form of claimable tokens or stakes. 

 

(1) Snapshot

The BSC snapshot takes place on Tuesday, 23 May 2023, 01:28:29 (London, England time).

Here's the COUNTDOWN.

The snapshot will contain all liquid and staked REX, as well as all REX shares.

 

(2) Calculation of "airdrop amounts"

(a) Liquid REX holders will receive an airdrop amount of 1/10 of their liquid REX holdings.

Example: If you hold 100,000 REX liquid on BSC at the time of the snapshot, you’ll receive 10,000 as your "airdrop amount".

 

(b) Staked REX holders will receive an airdrop amount of 1/1 of their REX stakes' principals - not exactly but on average - because it depends on the SHARES that are in their stakes. If you have only few SHARES in your stakes compared to all other stakers (staked without TREX, short stakes, revocable stakes) you will get less than 1/1, if you have a lot of SHARES in your stakes compared to all other stakers (long stakes, TREX stakes, irrevocable stakes), you will get more than 1/1. Still, all stakers will get more than liquid holders.

 

Exact calculation scheme: Each stake contains a PRINCIPAL (staked amount of REX) and SHARES. At first, for the calculation, all PRINCIPALS of all stakes are added up - and this sum is the Airdrop-Total for the staked REX. Your share of this Airdrop-Total will the sum of your SHARES (across all your stakes) in proportion to all SHARES across all stakes.

 

In other words: Stakers will receive a portion of all staked REX (sum of all principals of all stakes), where your portion is the sum of all your shares in all your stakes (your SHARES), devided by the total number of shares existing (TOTAL SHARES). In this way, we follow "longer pays better" and take into regard REX is a staking protocol.

 

Example: If you have 1,000,000 SHARES within your stakes, and there are 100,000,000 SHARES in total and the Airdrop-Total is 10,000,000, you will get 10,000,000*(1,000,000/100,000,000) = 100,000 as your "airdrop amount".

 

(c) Calculation bonus
You can sacrifice MREX (MREX) tokens on Smart Chain to receive a higher airdrop amount.
A user may sac up to 5 MREX.
To sacrifice your MREX on Smart Chain, find them in your metamask (or other software wallet) and send them to this SAC address (before the snapshot):

0x7b364C8C01C53AD88Cf1357344409D898Ca07BE6
 

• If you sac 1 MREX, you'll get a 10% higher "airdrop amount".

• If you sac 2 MREX, you'll get a 20% higher "airdrop amount".

• If you sac 3 MREX, you'll get a 30% higher "airdrop amount".

• If you sac 4 MREX, you'll get a 40% higher "airdrop amount".

• If you sac 5 MREX, you'll get a 50% higher "airdrop amount".

(3) Process the airdrop

(a) Your "airdrop amount" is the amount of pREX you may claim on PulseChain.
 

(b) You can't claim the tokens directly into your wallet, but have to claim it as 10 stakes.

(c) The longer a stake, the higher its bonus. Bonuses are calculated for each stake, based on its duration.
Min staking duration is 30 days: 0% bonus tokens.
Max bonus will be given to 530 days stakes (or longer): 1000% bonus tokens.
Linear between. (You could create a 5555 days long stake, but the max bonus is 1000%. So, if you create a ladder with each stake longer than 530 days, you will have 1000% bonus tokens in each stake.)

The bonus tokens are added to your stakes' principals.
 

d) When claiming the aidrop and creating your staking ladder, you can choose the parameters:

1) Choose a "difference", which is the duration between each stake.
2) Choose an "offset", which lets you move your stake ladder into the future, if you will.

[If you have TREX on Smart Chain and want to move some of them to PulseChain, make sure you do that before you claim your airdrop stakes on PulseChain - TREX gives you more SHARES in your stakes on PulseChain, too - also for the airdrop stakes. To move TREX to PulseChain, sacrifice them on Smart Chain by sending them to the TREX SAC ADDRESS: 0xa003235E5876C5b9B7Ff94888Df6daF333b57412]

Note: When creating your airdrop stakes, consider you will not only get bonus tokens, but also more SHARES in longer stakes (longer pays better) thus the stakes will get higher staking rewards.

e) Please check the REX on PulseChain airdrop calculator.
 

 

after-launch SAC PHASE (sac PLS for pREX)

There will also be a short sac phase (PLS for REX) on PulseChain, for anyone missing the airdrop.

pREX received from the sac phase will be claimable as liquid pREX tokens.

 

The details and launch date is not set yet.

It might happen any day after May 25.

More details will be decided and disclosed soon.

 

 

 

Booster tokens

 

(1) MREX will not exist on PulseChain. We don't need it there.

 

(2) TREX will exist on PulseChain, but the only TREX existing on PulseChain will be those that have been transferred from Smart Chain before. To "transfer" TREX to PulseChain, you may sacrifice your TREX by sending them to this TREX SAC address on Smart Chain before the snapshot: 0xa003235E5876C5b9B7Ff94888Df6daF333b57412

There will be a PLS-TREX pair on PulseChain - to buy and sell them - after a few days.

 

 

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.