The first product released by the 9mm team was scan.9mm.pro
It has become my go to source of information to see what is going on on the PulseChain blockchain. I even implemented this link into my Metamask RPC settings.
I like to call the 9mm v2 DEX the 'infinite liquidity DEX,' which is supposed to highlight the capital inefficiency. Two assets have to be provided 50/50 in the entire price range from 0 to infinity. This means your provided LP is spread to serve every possible price the market could establish. The fact that this is capital inefficient becomes very clear if we think about the price range a stablecoin trades in. Do we need to provide LP for DAI in the $0.50 or $100 range? Obviously not, but that's what a v2 DEX does. The same principle applies to any other coin.
The 9mm v2 DEX is mainly utilized by users that farm incentive tokens in the Orange Grove or Enigma Diamond Mines, something v3 DEX can't do.
The 9mm NFT marketplace is a platform for buying, selling, and trading NFTs. It creates opportunities for artists to showcase work, collectors to acquire unique assets, and participants to explore the limitless potential of non-fungible tokens.
All generated fees from the DEX, NFT marketplace and potentially the GMX platform will be shared with 9mm stakers. Once all these products are launched, 9mm plans to expand to other blockchains.
The combination of the distribution system of 9mm tokens and revenue sharing makes the 9mm project truly community-owned.
I have been thinking a lot about what could be the best strategy for me to secure a good position in this ecosystem. Some ideas I had early on I already tossed aside because I realized they are not very efficient and come with the risk of getting priced out. First, I thought I will just buy it off the market once the token is out. I assume 9mm will be fairly volatile in the beginning, and there is no guarantee I get as much as I want to. I will still do this but just with a small allocation for this strategy. The strategy of buying 9mm from the open market is only third on my list.
After I realized that a big amount of 9mm goes to the protocol users, my idea was to heavily use the DEX to buy, sell, and provide LP to get high up the leaderboard and therefore earn the amount of 9mm I want. The problem with this strategy is that it is risky to trade and LP, and there are always other players that have more capital, which will give them a bigger slice of the pie. I will still do all these things but just with a small amount that I would be doing on other DEXes anyways.
Another reason why I will not use this strategy as my main way to get 9mm is that the leaderboard is not only highly competitive but also very diluted. The 46% allocation to protocol users is shared by every transaction that routes through the 9mm DEX. So if you use a DEX aggregator and your transaction goes through a 9mm pool, you will get some 9mm airdropped to your wallet.
Calculation for Pulse OG Minters and Holders:
30% to minters = 27,000,000 in total
27,000,000/5555 = 4,860 over 12 months
4,860/12= 405 9mm per PulseOG per month
20% to holders = 18,000,000 in total
18,000,000/5555 = 3,240 over 12 month
3,240/12= 270 9mm per PulseOG per month
This picture shows how much 9mm you have to hold in order to be in a certain league.
To compare the cost efficiency of the different strategies to acquire 9mm, I like to break down how many Pulse OGs I would have to mint & hold vs. buy from the secondary market vs. holding Pussy 404 NFTs over the 12-month distribution period.
POG minter + holder = 4,860 + 3,240 = 8,100
1,000,000 / 8100 = 123 POGs minted and held for 12 months = π
POG holder = 3,240
1,000,000 / 3,240 = 308 POGs bought and held for 12 months = π
PUSSY 404 holder = 13,793
1,000,000 / 13,793 = 72 PUSSY 404 held for 12 months= π
Understanding all of this made me realize that minting was the best way to go but this is not possible anymore. Therefore, buying a #PulseOG or #PUSSY NFT depending on the market price is the best way to secure your position.
Further down this page, I've created a ChatGPT prompt to figure out which option is the most cost-efficient for getting the 9mm airdrops.
This is a rough simulation of the token supply chart over time. Here's what I gathered from creating this chart:
The 9mm Game Mechanics heavily revolves around the community.
It begins with PulseOG and PUSSY NFT holders receiving their 9mm airdrop every month. Now, they have multiple options. Users can provide liquidity, earning leaderboard points for more 9mm in the following months. All transactionsβbuys, sells, and liquidity provided on the DEX, NFT marketplace, or GMX forkβearn points based on volume.
Another option is staking 9mm to earn a share of the protocol fees. These fees, generated from various protocols, are split 50/50 between stakers and the Buy & Burn function. When you stake 9mm, there's no lock-up period, and you continuously earn $PLS that you can access anytime.
The 9mm ecosystem incorporates a Buy & Burn mechanism, similar to PulseX. By using 50% of the generated fees, the protocol directly buys tokens from the market, permanently removing them from circulation.
This process aims to reduce the token supply, increase scarcity, and potentially support the token's price over time.
I made a prompt to figure out what gives you more 9mm per 1M PLS.
PulseOGs or PUSSY 404 NFTs.
All you have to do is to insert current POG and PUSSY NFT prices at the end of the prompt and Chat GPT will do the calculation for you.
ChatGPT Prompt:
I need to evaluate two investment options within the PulseChain ecosystem: PulseOG (POG) and PUSSY NFT, focusing on the 9mm tokens they receive via airdrops over the entire distribution period. The airdrop amounts are as follows: each POG is airdropped 3,240 9mm tokens, while each PUSSY NFT is airdropped 13,793 9mm tokens over a 12 month time period.
As the cost in PLS tokens for each of these investments fluctuates, I will input the current prices for an accurate comparison.
Please assist by calculating:
1. The airdrop efficiency for both investment options, quantified as 9mm tokens received per 1M PLS spent.
2. The percentage difference in airdrop efficiency between the Pusle OG and PUSSY, given the current market prices.
Here are the current prices I have for our comparison:
β’ Current cost for 1 POG in PLS tokens: [Insert Current POG Price Here]
β’ Current cost for 1 PUSSY NFT in PLS tokens: [Insert Current PUSSY NFT Price Here]
Can you perform these calculations with the given data?
What I learned from creating the #PulseOG rarity cheat sheet:
Some categories are more important than others to boost your Pulse OG NFT rarity. For example, backgrounds or chains are not that critical because the spread from worst to best is not significant. Compare the spread of mouth and skin. There you can save a lot of points. I would first look for skin, then mouth, then eyes, then head.
When looking for skin, mouth, eyes, head, etc., it's very good if you have anything that is marked green compared to red because that saves you a lot of points.
And for me, the most effective way to find a rare PulseOG NFT is anything that has a special trait, e.g., goggles, mask, VR headset. These NFTs count all traits together and divide by 6, compared to non-special NFTs that will divide by 7 traits. If you find a special trait and it also has a green-marked trait of significance (skin, mouth, eyes), it's a big boost.
This is all just for fun and culture. The market doesn't respect rarities yet and may never will. This could be an opportunity for people who see the value in rarity early, or it's a waste of time. This is for you to decide. I could come up with multiple reasons why people will speculate on rarities in the future, but that is for sure a very long-term play.
If you have any questions about the 9mm ecosystem, the Telegram chat is your number one resource.
Here, we answer questions, share updates, and discuss strategies.
Click here to join πͺ
Here you can find the total TVL for 9mm across V2 & V3 LP pools.
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