Disclaimer
The main objective of this publication is to present the Psyche solution and the related Psyche project. Under no circumstance, it should be considered as investment advice.
If you have any question regarding the regulations impact on the Psyche project, feel free to contact Psyche at https://t.me/psycheusd
Abstract
Cryptocurrency is currently being loved by the wider community in the world. Since its first appearance, cryptocurrency has won the hearts of many investors around the world and managed to revolutionize various platforms in the world. Thanks to cryptocurrency people can transact more safely, easily, low-fees, quickly and transparently.
When talking about cryptocurrency, we cannot separate it from blockchain technology which is the basis of all cryptocurrencies circulating in the market. Blockchain is a technology that can not only revolutionize the financial industry but can also revolutionize various industries such as medic, cargo, etc. This network allows recording transactions that cannot be edited or changed, ensuring that the system runs in a transparent, open, and secure manner, and many more benefits can be achieved with blockchain implementation.
And we have come to the evolution of the blockchain, namely the DeFi protocol, this is a disruptive financial technology that can maximize user profits. This is a financial system that is an innovation of a blockchain feature consisting of various applications - and Psyche Coin is an ERC20 utility token that will revolutionize the cryptocurrency industry, allowing people to be able to access crypto services more easily.
The Non-fluctuating Cryptocurrency
As the jargon, Psyche is a coin that will not fluctuate, or it is called a stable currency. This is a cryptocurrency priced at $ 1 per coin and will not change at any time. Psyche is committed to making Psyche tokens openly trade in the market and become a platform that allows ordinary people to be able to connect with the benefits of crypto with the "RefleX Algorithm" algorithm designed by Psyche without having to bother thinking about "what is blockchain" and many other complicated questions.
Some experts predict that in the future cryptocurrency will be used by many people around the world and they predict that by 2030 digital currencies will rise to over 200 million users. With the presence of Psyche stablecoin, it opens opportunities for ordinary people to get to know what cryptocurrency is and feel the benefits of crypto.
But why stablecoins? with the existence of stablecoins, we don't have to worry about current or future price fluctuations. Unlike cryptocurrency prices which usually fluctuate, Psyche will be worth $ 1 for each token. So you can invest in Psyche without worrying about price changes.
User-Friendly Cryptocurrency
If you ask people around your house about blockchain and cryptocurrency, maybe they will argue that these two things are a new type of investment that is prone to scam or money-games. Rarely will these people argue that cryptocurrency is the currency of the future.
Psyche is a platform that wants to solve this problem by providing users with various defi solutions with a user-friendly interface, so that users can navigate easily and quickly, without the hassle of writing irregular addresses or other things.
Supported by the RefleX Algorithm, which is a combination of blockchain technology and user-friendly cryptocurrency, Psyche aims to become a crypto platform that people can understand and use easily and quickly. So that there will be more and more people who can feel the benefits of crypto.
Psyche Protocol
Security: Psyche ensures that the platform used by users is completely safe with various features such as 2FA with Google authenticator, private keys, PIN, linked email accounts, etc.
Speed: Psyche ensures that every transaction made by a user will be processed by a machine that can process 3000 transactions in 1 second.
Cost: By using the RefleX Algorithm, Psyche ensures that users can make 5 transactions for free and the next transaction will only be charged 0.25 percent per transaction.
Signed transaction: A feature that minimizes money loss when the user enters the wrong address. Each transaction is bound by a unique six-digit security code. Transactions can only be completed after the code has been sent. This can give trust to the user.
Anonymous balance: Users don't need to worry about their data or the balance in their account, because Psyche ensures that only transaction values will appear in public.
Scalability: With high scalability, Psyche can be installed on smartphones all over the world.
User-friendly technology: Psyche provides the easiest wallet ID in the crypto world, which allows users to be able to transact more easily. And also the private key reset feature for users who have lost their private key.
Environmentally friendly: The entire Psyche network will not be involved in a single transaction process, so it does not affect the environment by consuming large amounts of resources.
Marketplace: Marketplace with an escrow feature that allows people to sell digital goods.
Buy / Sell: If users want to own assets, they can buy them from the community or get them from referrals.
Pricing: The repository component manages a distributed accurate pricing in real-time.
Love for Community
Psyche plans to provide 100 coins every month to people in need. Which in the future will reach the target of 10,000 people including users and their families. It is hoped that with this, people can support their families especially in a pandemic like now. This program is specifically for those who live in poor countries, who are expected to have $ 100 in coin to make their lives better.
In Conclusion
With the increasing interest of people in cryptocurrency, experts predict that in the next few years crypto users will increase - Psyche hopes to be part of that trend and become a cryptocurrency that can revolutionize the financial industry by combining blockchain technology and user-friendly cryptocurrency and producing a variety of features that can be connecting users easily and quickly with the crypto world. With Psyche, it is hoped that more and more people will get to know what cryptocurrency is and feel the benefits of crypto.
Connect
WEB: https://psyche.cash/
WHITEPAPER: https://psyche.cash/wp-content/uploads/2020/10/Psyche-Whitepaper-v1.pdf
TELEGRAM: https://t.me/psycheusd
TWITTER: https://twitter.com/psycheusd
FACEBOOK: https://www.facebook.com/psycheusd
ANN post: https://bitcointalk.org/index.php?topic=5283530.0
Plenty stablecoin already, and all of them competing for a piece of the pie, and to be recognized as the 'standard' for global payments. Yet, the future of the world's cash, can't be pegged to dollar value. At the present time, BTC has a great part as store of value, and BCH has a great potential to become the future standard digital cash for day to day payments. While for investment, ETH ecosystem has proven to be a profitable option.