Richard Heart, the founder of PulseChain and HEX, has announced a new sacrifice phase for his latest project, ProveX. The ProveX sacrifice has officially opened, inviting participants to contribute digital assets as a symbolic statement of support for the project’s mission. According to the announcement, the initiative focuses on building a proof-based settlement system designed to reduce reliance on intermediaries and create a more trust-minimized environment for users. (PROVEX.com)
According to a report by Jinse Finance, on-chain analyst Yu Jin has monitored that the suspected founder of projects such as Hex, PulseChain, and PulseX, Richard Heart, moved 154,000 ETH ($611 million) on October 20, which has now all been transferred into the mixing tool Tornado Cash. These ETH were purchased in March 2024, with a total expenditure of 621 million DAI, at an average price of $3,779. Currently, this position is at a loss.
· According to a recent report, more developers and Ethereum based projects are migrating to PulseChain because of its lower transaction fees and faster network compared to Ethereum. That makes PulseChain more attractive for DeFi, NFTs and other dApps.
· As a “Layer1” blockchain compatible with Ethereum’s environment (same smart contract code, token standards etc.), PulseChain offers a smooth path for apps originally built on Ethereum to relocate without code overhaul.
· The ecosystem around PulseChain remains active; there are projects and platforms being built for the network
What people in the community say
Based on recent posts on public forums associated with PulseChain:
“Logged in today just to see my wallet down 40% 😭😭😭😭.” reflects user frustration over recent price crashes.
“So far things have been moving at a steady pace which is good.”a more optimistic user, hoping for a rebound.
The reactions are very mixed: some people still believe in long-term potential, while others are expressing regret or disappointment. The community remains divided, especially over whether the network’s promises (e.g. stablecoins, cheap fees, big returns) are being fulfilled.
