POWERCITY, with nearly 14 million USD raised in a "sacrifice" funding, is one of the most anticipated ecosystems being built for PulseChain. Today, they launched their first component - the Core, $WATT token, and its staking.
All fees generated by various future applications and services within the POWERCITY ecosystem will contribute to the Core's treasury and create passive incomes for $WATT stakers.
The POWERCITY team has already launched their cross-chain swap, PortalXswap.io, several months ago. However, they still need to deliver several other key components of the ecosystem, including:
- EARN: a lending protocol, yet another fork of Liquity.org, where you can deposit $PLSX (PulseX DEX token) and mint $PXDC stable coin.
- Amplifier: an auto-compounding front-end for EARN and Liquid Loans lending protocols, automating various investment strategies.
- PixelPark NFT marketplace and, finally, the Accelerator: an automatic DeFi yield compounder - both of which are kept under wraps with only limited information about them published.
Similarly to other large PulseChain projects funded by a "sacrifice," such as Liquid Loans or Mintra, also $WATT started with relatively low liquidity, and the price dipped significantly and quickly. However, only time will tell whether the additional components of the ecosystem can generate enough revenue to attract investors and support the price.
Links:
- POWERCITY Core claiming and staking DApp: https://core.powercity.io
- POWERCITY ecosystem documentation: https://docs.powercity.io/ Show Less
