The claim
“The PulseX team can mint as much PLSX as it wants.”
A recurring claim; no single original source is attributed here.
What the code shows
PulseX.sol does contain a mint() function, restricted to the owner (PulseX.sol:12-15). On-chain, on 2026-10-17, owner() is the zero address: ownership was renounced. No transaction can come from the zero address, so mint() can never be called again. Check the contract.
What exactly is claimed?
That the PulseX team keeps a key with which it can create new PLSX whenever it likes, diluting every holder. Anyone reading the verified source will indeed find a mint function, so the question is whether anyone can still call it.
What does the code show?
The PLSX contract is an ERC-20 built from OpenZeppelin parts, with permit, burn and vote delegation. Its only privileged function is:
function mint(address _to, uint256 _amount) public onlyOwner
(PulseX.sol:12-15). onlyOwner means only the address returned by owner() may call it.
Who is the owner?
On 2026-10-17 owner() returns the zero address: ownership was renounced. Nobody holds the private key of the zero address, and an owner of zero cannot transfer ownership back. The mint function is therefore permanently uncallable.
You can check it yourself: open the contract 0x95B303987A60C71504D99Aa1b13B4DA07b0790ab on the explorer and read owner() in its contract tab, or call it through any PulseChain RPC.
What happens to the supply instead?
It can only decrease. Part of every PulseX trading fee buys PLSX and burns it: 1,793,575,624,782.03 PLSX had been burned by 2026-10-19, leaving a total supply of 141,323,024,240,766.67 PLSX (PLSX, Fees).
Verdict
False. The mint function exists but can never be used again. Nobody — the team included — can create new PLSX.