PulseMafia
  • Overview
    • PulseMafia Intro
    • How does it work?
    • What's the MAFIA Token?
    • Who's the team?
    • What's the "Node Operator Fee?"
    • PulseMafia FAQ
      • What is a Pulsechain Validator?
      • Is this like mining Bitcoin or Ethereum?
      • Can anyone become a Validator?
      • Why create a pool?
      • What can we expect in terms of Validator uptime?
      • Can you mint an Unlimited amount of MAFIA?
      • What determines the price of MAFIA Token?
      • What happens if I lose or someone steals my MAFIA token?
      • Where can I see the current APR to run a Pulsechain Validator?
      • The Validator APR keeps dropping. Is that bad?
      • What other measures are you taking to ensure maximum uptime for the Validators?
      • Will we be able to follow along to see how validators are doing?
      • What is Slashing, and how will you prevent it?
      • When does MAFIA get minted?
      • What's the difference between the Pool Wallet and Validator Wallet?
      • What if I want my PLS back before the pool ends?
      • Will there be more pools launched in the future?
      • What if I want to create my own private pool?
      • Is this decentralized?
      • What computer setup are you using?
      • I want to participate but no idea how to buy PLS. Can you help
      • Can I ask other questions?
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  1. Overview

What's the MAFIA Token?

PreviousHow does it work?NextWho's the team?

Last updated 1 year ago

As PLS enters the pool, the Godfather mints the MAFIA token. The MAFIA token represents your % ownership in the pool.

MAFIA has two values; the Treasury Value and the Market Value.

  1. Treasury Value (or Redemption Value) is based on the estimated amount of PLS redeemable per MAFIA when the validator exit date occurs (August 15, 2024).

  2. The Market Value is the price of MAFIA on Pulsex at any point in time. The Market Value, set on exchanges, may vary widely from the treasury value, cycling between trading at a discount and premium to the underlying value of the Validators (see chart below).

With the MAFIA token, you can sell it on PulseX (assuming there's liquidity provided by other community members), or hold it until it can be redeemed for PLS (when the Validator "Exit Date" occurs on August 15, 2024).

As time goes on, the Treasury Value will grow while the market value may trade at a premium or discount on Pulsex.