PulseChain's Perpetual Bitcoin Unlocks Value Through Price-Based Mechanism

The Perpetual Bitcoin (PB) system is an autonomous, immutable smart-contract on PulseChain that replaces traditional time-based locking with a price-based value-lock mechanism. This means each purchase is split into liquid PB and locked PBc, which unlocks only when predefined price targets are reached.

This approach removes calendar cliffs and discretionary release schedules, ensuring unlocks occur solely through objective market conditions. The protocol is fully on-chain, ownerless, and deployed without admin keys, governance, or upgrade paths.

The system routes all purchases through the Vault to enforce the rules consistently, while sells remain free on the AMM. Perpetual Bitcoin's behavior is permanently fixed in code, making it a finished product.