Psyche.Cash The Future of DeFi

in psycheusd •  4 years ago 

Blockchain technology gives us a true meaning of digital currency which is completely transparent without any manipulation. In Blockchain Space, of course, we need Safe Asset like Stable Coin for various things that support transaction processes such as trading, swapping or payments. Even though currently there are various Stable Coin out there, they still have various deficiency and lack of transparency, therefore Psyche Stablecoin is different from other Stable Coin by having more benefits and unique features and not just an currency.


Psyche.Cash The Future of DeFi

Psyche is set to revolutionize the cryptocurrency industry by introducing the fusion of cryptocurrency and user-friendly technology in order to connect people to cryptocurrency in an easy way. Named after a valuable Asteroid, Psyche Coin is a stable currency with a face value of $1 per coin with a focus on accurate exchange prices and free transactions in the remittance market. Based on a specially designed RefleX Algorithm, Psyche Coin offers the easiest way for the nontechnical people to connect with the cryptocurrency benefits.



Vision

Psyche’s vision is for a world where:

  • Cryptocurrency is easy to understand and use.
  • Cryptocurrency has a reputation as a trustworthy.
  • People feel comfortable using cryptocurrency for daily transactions.
  • Cryptocurrency does not harm the environment.
  • Impoverished communities directly benefit from the existence of digital currency.


Stable Network

Psyche will create a network of stable coins where the price is controlled by the system to provide accurate pricing throughout the day. The network will provide the most advanced Smart Contracts to develop more stable currency and allow those coins to pay the transaction fee from their own coins. However, these Smart Contracts are bound with several characteristics to ensure the quality and purpose of the coin and stability of the Net-work.



Psyche Features

Psyche is the best solution because it is set to revolutionize the crypto world by providing the fusion of cryptocurrency and technology, which is user-friendly to establish an unbreakable bond between people only.



Psyche Coin?

The Native Token to be used in this Ecosystem is Psyche Coin, which is based on Ethereum Blockchain Technology with its smart Contract feature that allows various processes to be automated, eliminating the role of centralized 3rd parties so as to provide users with a cheaper and faster transaction process. Psyche Coin will always be pegged at $1 with a price adjustment process that is done automatically through their algorithm, providing the best rate to its users when they want to make transactions.


ROADMAP

  • Q4 2020 Phase 1
    Completion of Reflex algorithm and launch the full functional wallet and token for users to experience the future of payment and what Psyche has to offer. Develop and improve the platform and community with the awareness of crypto usage in daily life.
  • Q2 2021 Phase 2
    P2P assets exchange, which will allow users to exchange/swap their cryptocurrency portfolio with USD1 and other coins without commissions. The aid funds will be given to the right people through our partnerships across the globe.
  • Q4 2021 Phase 3
    Development and launch of Psyche blockchain testnet. At this point, smart contract might be integrated. Launch of stable ERUO coin and business-based services to the traditional exchanges, financial institutes, and corporate organizations for business transactions.
  • Q1 2021 Phase 4
    P2P Marketplace, which allows users to sell their digital assets, services, and legal products through the network without any monopoly and heavy commissions and approvals. The users can give each other trust points after each transaction, which generates trust.
  • Q2 2021 Phase 5 & 6
    This project will continue to develop and improve with time, follow trends, and gather data on the community. Due to the highly scalable RefleX Algorithm, it is easy to adjust and improve Psyche as opportunities arise.


Psyche a true challenge to USDT

With the advent of digitalization and technology overall we are about to undergo the forthcoming era, which will mainly benefit and provide human living prospects.



Giving back to the community

In light of recent events around the world and the ongoing pandemic that we are experiencing, it has become clearer than ever that our financial systems need a major overhaul. Cryptocurrency has always presented a verifiably better way to do finance, but during the current worldwide crisis, its value has become even more evident. When you examine the issues that face our world today, you’ll notice that the common theme is a lack of cash flow in the average household. When the worldwide economy is essentially shut down across the globe, millions of families will have issues creating income for their households, which in turn means they can’t make purchases from businesses that depend on their patronage. Psyche Coin is unique in that it offers an opportunity for investment aside from the traditional speculative price increases that other cryptocurrencies, assets, and commodities have to offer.

The coin is designed to build a sense of community and a spirit of mutual aid. Psyche will provide 100 coins every month to people in need. The goal is to reach 10,000 people which includes users and their families, especially those who live in poorer countries. They can use those coins to make a living. In some parts of the world, people make less than $2.00 per day and providing them with $100 in coin value for six months can help them sustain a living and improve their lives. This offer can help a user for six months, and then it will move to another user in need for six months.


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.


ACCURATE INFORMATION


AUTHOR

psycheusd usd1 ethereum blockchain defi
4 years ago by

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