Cryptospecting

FACTS // VERIFIED 2026-10-19

INC and PulseX farms: rewards, caps and owner powers

Short answer

INC is minted only by the PulseX farm contract (MasterChef) as a reward for staked LP tokens. The farm’s owner can add farms and change reward weights and the emission rate, but never above 1 INC per second, and has no function to move users’ deposits — withdrawing is always possible.

What is INC?

INC (“Incentive”) is the reward token of the PulseX farms: you provide liquidity, receive LP tokens, stake them in a farm and earn INC.

Item Value
Address (PulseChain) 0x2fa878Ab3F87CC1C9737Fc071108F904c0B0C95d
Deployed 2023-05-11
Contract same code template as PLSX: OpenZeppelin parts plus vote checkpoints (Incentive.sol:8-18)
Who can mint only the owner (:15-18) — on 2026-10-17 the MasterChef 0xB2Ca4A66d3e57a5a9A12043B6bAD28249fE302d4
Total supply on 2026-10-19 56,083,087.32 INC

Because the farm contract is the owner, INC is created only as farm rewards, by the rules described below.

Same address, different chain: on Ethereum, 0x2fa878Ab…C95d is not INC but the validator contract of the PulseChain bridge. A fake “PulseX Incentive Token (INC)” exit scam was reported in January 2024 (about $283k; the chain was not confirmed in the report) — only the address above on PulseChain is INC.

How are farm rewards calculated?

The MasterChef is SushiSwap’s MasterChef with two changes stated in its own header: rewards per second instead of per block, and the migration functions removed (MasterChef.sol:10-12).

  • Each farm (pool) gets incPerSecond × pool allocPoint / total allocPoint, minted whenever the pool is updated (:167-181, mint at :180).
  • Your share of a farm’s rewards follows your share of the LP tokens staked in it.
Setting Limit in code Value on 2026-10-17
incPerSecond at most 1 INC/s (maxIncPerSecond = 1e18, :53, enforced :86-87) 0.0003 INC/s ≈ 25.92 INC/day
Allocation points per farm at most 4,000 (:55, :105-106, :123-127) —
Number of farms — 19
Total allocation points — 9,500

On the date shown the emission ran at 0.03 % of the coded maximum. The values can change; the limits cannot.

Can I always withdraw my LP tokens?

Yes. withdraw returns the amount you choose plus pending INC (:208-226); emergencyWithdraw returns your whole deposit without rewards (:230-242). There is no deposit fee and no function that lets the owner move user deposits. The SushiSwap migrator — the function that, in the original, could move all staked LP tokens to a new contract — does not exist here.

What can the farm owner do?

The owner can add farms, change their weights and change the emission rate — always within the caps above (:86, :105, :123). This steers future rewards between farms; it cannot mint above the cap or take deposits. The code comment itself says the owner holds great power until ownership is handed to a governance contract (:14-16).

Role Holder on 2026-10-17
MasterChef owner() 0x2e8440f1839847af6566ef718dae48e17c0744df (a single-key address, no contract code)

The owner is visible on-chain and its powers are bounded in code. Limitation: the reward policy depends on one key.

Where do the LP tokens in a farm come from?

From PulseX pools. Which pool generation you provide liquidity to matters for fee income — v2 pools pay liquidity providers 0.22 % of every trade, v1 pools in effect nothing (see Fees). Farm rewards in INC come on top and are independent of the trading fee. Token card: INC.

Frequently asked questions

Can the farm owner take my LP tokens?

No. The MasterChef has no function that moves a user’s deposit anywhere except back to that user, and SushiSwap’s migrator function was removed. withdraw and emergencyWithdraw are always available.

How much INC is created per day?

On 2026-10-17 the rate was 0.0003 INC per second, about 25.92 INC per day across all farms. The code caps the rate at 1 INC per second (86,400 INC per day).

Sources // last verified 2026-10-19

  1. T1 · Primary INC — verified source (PulseScan)
  2. T1 · Primary PulseX MasterChef — verified source (PulseScan)
  3. T2 · Official pulsex.com — official links (INC address)
  4. T4 · Press Coinpaper — report of a fake INC token exit scam, January 2024

Source tiers are explained in Sources & methodology.