Tokens

House Tokens

Pulse Rate is a multi-token protocol which consists of the following three tokens:

$PRATE

The $PRATE token is outlined for use as a medium of trade, and is intended to have many other use cases as the ecosystem grows. PRATE is algorithmically pegged to Pulse (PLS)

Note that $PRATE actively pegs via an algorithm, it does not mean it will be valued at 1 $PRATE: 1 $PLS at all times as it is not collateralized. $PRATE is not to be confused for a crypto or fiat-backed stablecoin.

$PSHARE

$PSHARE is one of the ways to measure the value of the Pulse Rate Protocol and trust in its ability to maintain $PRATE close to peg. During epoch expansions the protocol mints $PRATE and distributes it proportionally to all $PSHARE Stakers in the Boardroom who have staked their tokens.

$PBOND

$PBONDs main job is to help incentivize changes in $PRATES supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $PRATE falls below 1:1 $PLS, $PBONDs are issued and can be bought with $PRATE at the current price. Exchanging $PRATE for $PBONDs burns $PRATE tokens, taking them out of circulation (deflation) and helping to get the price back up to peg.

These $PBONDs can be redeemed for $PRATE when the price is above peg in the future. This amounts to inflation and sell pressure for $PRATE when it is above peg, helping to push it back toward 1 $PRATE to 1 $PLS ratio.

If your $PRATE is below peg and you exchange it for $PBONDs and redeem after peg is above 1.1 to receive bonus $PRATEs! All holders are able to redeem their $PBOND for $PRATE tokens as long as the Treasury has a positive $PRATE balance, which typically happens when the protocol is in epoch expansion periods.