What is a system copy?
When PulseChain forked from Ethereum, it copied the entire state as of block 17,232,999: every account, every contract, every token balance (How PulseChain works). Each ERC-20 token that existed then has a twin on PulseChain at the same address, with the same balances at that moment and the same code. The community marks these copies with a p: pDAI, pUSDC, pUSDT, pWETH, pWBTC. HEX is named differently on this site: on PulseChain it is simply HEX (see below).
A copy is a separate asset from the moment of the fork. Nobody on Ethereum backs it; what it is worth depends on its own contract and its own market on PulseChain.
One exception is worth knowing: pWETH. WETH is a contract that holds ETH one to one; at the fork its ETH balance became PLS like every other balance, so the pWETH contract holds PLS and its withdraw() pays out PLS one to one. On 2026-10-19 (PulseChain block 27,837,219) it held 34,410,396,557.016848419419954929 PLS against an equal pWETH supply. pWETH is backed by PLS, not by ETH.
What is a bridged token?
A bridged token came across the official bridge after the fork. The original stays locked in the bridge on Ethereum, and the PulseChain-side bridge mints the same amount on PulseChain; sending it back burns it there and releases the original on Ethereum, minus the 0.30 % bridge fee. The community marks these with an e: eDAI, eUSDC, eUSDT, eWETH, eWBTC; for HEX this site writes HEX(eth). On the explorer they are named “… from Ethereum”.
Why don’t p-tokens and e-tokens have the same price?
Because one is backed and the other is not. A stablecoin copy is not redeemable with its issuer, so the market prices it on its own; a bridged stablecoin can be sent back to Ethereum for the real one, so it trades close to it.
| Asset | Kind | Backed by | Price check, 2026-10-17 |
|---|---|---|---|
| pDAI | System copy | Nothing | ≈ $0.0012 |
| pUSDC, pUSDT | System copy | Nothing | ≈ $0.0005 |
| eUSDC, eUSDT, eDAI | Bridged | Originals locked on Ethereum | eUSDC/eDAI ≈ 1.002, eUSDT/eDAI ≈ 0.997 on PulseX |
Prices from DexScreener and PulseX pools on the check date — a snapshot, not a quote. The stablecoin copies sat far from one dollar, while the bridged stablecoins traded within 0.3 % of each other.
Do copied tokens keep their admin keys?
Yes — the copy includes the contract’s code and storage, so any admin role points to the same address as on Ethereum. Checked on 2026-10-17: pUSDT keeps its blacklist and pause functions under a copied Tether multisig, pUSDC is an upgradeable proxy with a copied admin, and pWBTC keeps mint and pause functions with a copied owner. Whoever controls those addresses on Ethereum can use the same roles on PulseChain.
Bridged tokens have an admin too: their owner and only minter is the PulseChain-side bridge mediator 0x4fD0aaa7506f3d9cB8274bdB946Ec42A1b8751Ef, an upgradeable proxy. The bridge’s trust model therefore applies to them — see who can change what.
Which addresses are the official bridged tokens?
Resolved on-chain on 2026-10-17 from the bridge mediator (bridgedTokenAddress() and the tokens’ owner()); the names are the tokens’ own name(). eWBTC was shown as not verified on PulseScan at the check. The explorer also returns unverified look-alikes with the same “… from Ethereum” names at other addresses; only the addresses above belong to the bridge.
What about HEX?
HEX is the most visible case. HEX on PulseChain is the HEX contract copied at the fork: byte-identical code at 0x2b591e99afE9f32eAA6214f7B7629768c40Eeb39, with every balance and every stake that existed on Ethereum at that moment. HEX(eth) is the Ethereum original; moved over the bridge, it appears on PulseChain as “HEX from Ethereum” at the address above. They trade at different prices, and a stake lives only on the chain where it was made. Details: HEX vs HEX(eth).
How do I tell which one I hold?
- Look at the contract address in your wallet, not at the name or logo. A system copy has the same address as the token on Ethereum; a bridged token has its own PulseChain address, listed above.
- On the explorer, a genuine bridged token is owned by the bridge mediator
0x4fD0aaa7506f3d9cB8274bdB946Ec42A1b8751Ef. A matching name alone proves nothing — look-alikes copy names. - In a liquidity pool, check which version the pool contains. A pool priced against pDAI can show a large dollar value while very little of it can be sold for real dollars.
The token pages in Tokens pin the verified address of each listed token.