Pulsar Token ($PULSAR) aims to function as a community-driven elastic rebasing token that features fluctuations in the cryptocurrency circulating supply. The token PULSAR, primarily created on the Binance Smart Chain (BSC), seeks to be of real use and develop a one-stop shop metaverse in the world of crypto. According to the whitepaper, the supply of Pulsar Token ($PULSAR) seeks to increase in value until the token surpasses the value of Bitcoin.
Meanwhile, Pulsar Token ($PULSAR) utilizes rebases to seek to ensure that the value of the token increases consistently. Rebase refers to the expansion and contraction of the token's circulating supply. A positive rebase implies that the trading token's value is more than the token's pegged price and vice versa for negative rebase. Pegging means the process of tying the value of one asset with another to maintain volatility. In such cases, more Pulsar Tokens ($PULSAR) are added to the supply to decrease the token price and match the value to the initially pegged price. Additionally, withdrawing tokens from the circulating supply also amps up the price of the tokens. In short, the rebasing mechanism primarily seeks to insulate the token from extreme market shifts.
Moreover, Pulsar Token ($PULSAR) is volatile, aiming to utilize the dynamic rebasing protocol to regulate the token's supply and match the increasing price. Typically, the protocol requires rebasing every four hours. Also, the protocol seeks to automatically increase the pegged value of the token by 5% via rebasing. The increase or decrease in Pulsar Token’s ($PULSAR) circulating supply determines whether or not the token is trading more than the pegged value (positive rebase) or less (negative rebase).
Furthermore, Pulsar Token ($PULSAR) envisions to stand out as an advanced platform in decentralized finance (DeFi) and blockchain, the 'Pulsar Version 2.' Pulsar Token (PULSAR) seeks to encourage users to contribute to the platform to enjoy early access to relevant blockchain services. Also, users win the rights to distribute the dividends of the project fair and square. More importantly, the Pulsar Token ($PULSAR) powered platform seeks to allot incentives for token holders.
