$WAIT

Frequently Asked Questions

$WAIT is cryptocurrency that was originally launched with a very specific goal in mind; to tokenize the time spent by sacrificers waiting for the launch of PulseChain.

Wait V1 is the legacy version of $WAIT that was originally launched on the Ethereum blockchain as an ERC-20 token. Some Wait V1 tokens continue to exist on Ethereum and on PulseChain. Wait V1 does not and will not have any utility in future products released by Coast.

Wait V2 is the current (and final!) version of WAIT. It is both an ERC-20 and a PRC-20. As of today (June 19th, 2023) locking Wait v2 in the Coast fiat on ramp allows users to reduce their on ramping fees by up to 75%. 

The free claim phase for $WAIT commenced on the 5th July 2022

Anyone who participated in one of the eight sacrifices listed on our sacrifices page was eligible to claim $WAIT. You could have claimed using your MetaMask account through our dApp or directly from etherscan.

No. This was not and is not possible.

During the claim phase, we allowed sacrificers on Ethereum, Binance Smart Chain, Avax, Polygon and Ehereum Classic to claim $WAIT. Any chain not listed here was not supported. 

Yes! We built the WAIT contract to allow for this. You can claim either one sacrifice at a time or all at once.

The Midnight bonus mimics the HEX BigPayDay. When HEX launched, it was given free to Bitcoin holders. Any Bitcoin holder could claim their free HEX, but only around 3% did this. While we anticipate a much higher claim rate from the PulseChain sacrificers, there will still be some accounts that do not claim their free $WAIT.

The Midnight bonus will distribute all unclaimed $WAIT from those that did not claim to those that did claim. Every $WAIT that you claim is also a share of the Midnight bonus. So the longer you wait to claim your $WAIT, the more shares of the Midnight bonus you will receive.

At some point, we expect a $WAIT holder to add liquidity to Uniswap, establishing a price for $WAIT and allowing anyone in the world to buy it through the Uniswap protocol. $WAIT will never be available for sale from the dApp since the contract does not technically own any $WAIT.
Yes. When PulseChain launches, the entire system-state will be forked and you will hold $WAIT on two chains. Also, you will be able to claim your midnight bonus on both chains separately. It will be interesting to see if providing eWAIT: WAIT liquidity on PulseX will be incentivised to receive Incentive Token (INC). Remember to vote!
Unfortunately, yes. Because we don’t have a fixed launch date for PulseChain, turning off $WAIT minting must be cancelled manually via Manager function. This function can only be performed one time on each chain. The Manager function halts all $WAIT claims, distributes the Midnight bonus and locks the Manager from all future non-public functions. From this point, the code is immutable. We appreciate that this is an imperfect solution. So if you could ask Richard to please tell us the launch date, we’ll hard code it into the contract.

$WAIT aims to tokenize and deliver value to people who have sacrificed for products in the PulseChain ecosystem. It hasn’t been easy, WAITING for PulseChain and enduring a tough bear market. We hope the $WAIT product can also help bring the community together.

WAIT was developed by the team at Coast. The best way to interact with us is on Twitter at @0xCoast.

The $WAIT smart contract has been audited by ‘SolidProof’ and received a certificate of compliance. We are certain the pulsechain community will also independently verify the simplicity and safety of our code. 

The $WAIT smart contract audit by SolidProof can be downloaded here.

$WAIT is designed to tokenize and deliver value to people who have sacrificed for products in the PulseChain ecosystem. Those who can wait the longest will receive the most $WAIT. After Pulse launches and the Midnight Bonuses are distributed, $WAIT will not have any future development.

We have seen multiple examples this year of tradable tokens developing additional utility that was not apparent at launch. This has been done in several ways, but in general, has provided an advantage for holders to participate in a new project. This is very interesting. 🥚

This is an important time to remember: “Not your keys, not your coins”

The TimeKeeper is an Ethereum/Pulse address. When PulseChain launches, it will receive 50% of the Midnight Bonus. It performs no other functions. You must have no expectations of profit from the work of others. 

Coast - a #pulsechain development company

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