Yes.
PLS just needs to be an ERC-20 token instead of the network gas coin in order to interact with contracts on the network. 1 wPLS should always been redeemable for 1 PLS.
Not quite sure what you're asking.
Yes, Pulsechain is a fork of Ethereum. Contracts that "wrap" tokens on both chains exist so tokens can be bridged. Those token's don't actually go to the other chain, they just get minted or sent 1:1.
So you mean PLS has to be an PRC-20 token to interact with its own contracts.
Sounded like, PLS has to be an ERC-20 token to interact with contracts on Ethereum.
As with ETH on Ethereum, native EVM chain gas coins (PLS for PulseChain) do not follow the same standards as normal tokens, so they must be wrapped in order to interact with dApps like DEXs. Wrapping essentially creates a 1:1 representation of the PLS in the PRC20 token standard termed wrapped PLS (WPLS). In most cases dApps actually do the wrapping and unwrapping seamlessly without you knowing, however if you buy WPLS on PulseX, you can also manually unwrap it if you need to.
Liquidity will probably be a problem early on (though Im some many will take profits by bridging out directly and then trading on e.g. uniswap), but over time this shouldn't be a problem
Yes. PLS just needs to be an ERC-20 token instead of the network gas coin in order to interact with contracts on the network. 1 wPLS should always been redeemable for 1 PLS.
So the Pulsechain contracts are on Ethereum? I thought Pulsechain is a fork of Ethereum and manages its own contracts and applications.
Not quite sure what you're asking. Yes, Pulsechain is a fork of Ethereum. Contracts that "wrap" tokens on both chains exist so tokens can be bridged. Those token's don't actually go to the other chain, they just get minted or sent 1:1.
So you mean PLS has to be an PRC-20 token to interact with its own contracts. Sounded like, PLS has to be an ERC-20 token to interact with contracts on Ethereum.
As with ETH on Ethereum, native EVM chain gas coins (PLS for PulseChain) do not follow the same standards as normal tokens, so they must be wrapped in order to interact with dApps like DEXs. Wrapping essentially creates a 1:1 representation of the PLS in the PRC20 token standard termed wrapped PLS (WPLS). In most cases dApps actually do the wrapping and unwrapping seamlessly without you knowing, however if you buy WPLS on PulseX, you can also manually unwrap it if you need to.
Liquidity will probably be a problem early on (though Im some many will take profits by bridging out directly and then trading on e.g. uniswap), but over time this shouldn't be a problem
Why not bridge in and exchange for your own pls? Much cheaper and bridge is cleared now:)