I will show you How to Participate on Pulse Pad IDO and claim airdrop tokens BlueZilla exclusive IDO Katana Inu. In order to qualify for Katana Inu airdrop you need to be a staker of PulsePad tokens on Velas blockchain.
How to buy PulsePad (PLSPAD) tokens from Centralized Exchange.
I used Gate.IO to purchase PulsePad tokens. Remember Gate.IO you can deposit funds without KYC but in order to withdraw funds you need to complete KYC. For that you need a valid ID, Drivers License or Passport. It takes more than 24 hours to get validated. You need a pictures of front and back of drivers license and selfie of you holding the drivers license along with Gate.IO note. You can upload all these 3 pictures and get KYC validated directly from a desktop instead of a mobile phone. Remember for KYC, there are few countries like United States users are not allowed in this exchange. Citizens and residents of the U.S.A (Washington State and New York State are prohibited entirely), Canada, and Japan are only allowed to trade whitelisted cryptocurrencies which are strictly selected. Citizens of Cuba, Iran, North Korea, Sudan, Syria, the Government of Venezuela, Crimea are not supported. I have provided a link for Gate.IO below for easy signup.
Withdraw PulsePad Tokens to MetaMask Wallet
I assume you know and have a MetaMask Wallet setup with Binance Smart Chain Network as well as Velas Network setup. I will provide a link to how to setup Metamask Wallet on your browser with browser extension. I am going to show you how to withdraw PulsePad PLSPAD tokens from Gate.IO via the Binance Smart Chain. Go to the wallet click withdrawal. Enter the amount of PLSPAD you want to withdraw. Click the BSC chain. You tokens will be withdrawen on BSC. Make sure to include PLSPAD token address from the Coinmarketcap. Always get the token from official Coinmarketcap or Coingecko sites. Never trust random twitter or websites token contract address.
The PLSPAD tokens you send from Gate.IO is PulsePAD tokens on Binance Smart Chain (ie. BEP20 PulsePad). You have to convert those into official Velas Network based PulsePAD tokens. For that you need to use a Bridge to port across the tokens from Binance Smart Chain into Velas Network. Use the bridge.velaspad.io site. Here select From network as Binance Smart Chain Network and To network as Velas Network. Select PLSPAD token from the Assets List drop down and select the amount of tokens you want to bridge across. First, you have to authorize with BNB gas. Second transaction is the actual transaction that bridges tokens across the network into Velas blockchain from BSC. It take few minutes to few hours for your Velas Chain PLSPAD to be deposited from the bridge to the same wallet address as the BNB address where you paid the gas fee in BNB. As you can see the desination address in Velas chain is the same address as BSC chain.
Staking PLSPAD Tokens on Valas Network
Finally, here is how to Stake Valas PLSPAD Tokens on PulsePad inorder to qualify for the up and coming PulsePad IDOs. You have to stake a according to pulsepad tiers. Pulse Explorer tier you have to stake 50,000 PLSPAD tokens 3 hours before allocation round opens and have a white list requirement of twitter like, comments and retweet with guanteed allocation and pool weight of 10. Pulse leader requires 125,000 PLSPAD tokens with pool weight of 28. Pulse visionary requires 250,000 PLSPAD tokens with no white list requirement and guaranteed pool weight of 60. After you staked you tokens at least 3 hours before allocation round and complete the white list requirements, you are guaranteed allocation. Login on the date and time of IDO deposit. You only have few hours (sometime only 1 hour) to deposit tokens into the IDO purchase. Your tokens will be deposited 3 day or day from the day of the IDO to the same wallet where you stake tokens.
In summary, IDO can be very profitable. During a bear market IDO profitability drops as well as PLSPAD staking tokens as well. Unless you value the PLSPAD tokens long term viability you might lose your capital for Tiers. IDO deposit funds are generally very profitable. Only invest on IDO platforms that have lots of upcoming IDO if not your capital is stuck and lose money on a bear cycle. Currently, PulsePad have no IDO up coming. However, they plan on airdropping tokens for staker for BlueZilla exclusive IDO Katana Inu.
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