#psycheusd #USD1 #PsycheCoin #Psyche.Cash
Abstract
Cryptocurrency has become one of the favorite investment instruments in the world today. Not only that, crypto currencies are also rapidly developing as an alternative to non-cash transactions, such as remittances and cross-border transactions.
This is in line with the world's population starting to become financially literate and the latest technological developments. Cryptocurrency uses blockchain technology that is decentralized, transparent, and global. Transactions using cryptocurrency on a blockchain network are believed to be a solution to various problems facing the conventional financial system.
These days, cryptocurrency is more and more poured into human life. Earlier, when the first prototypes of it were just created, the crypt did not inspire confidence in people. Back then, in 2008, when the first cryptocurrency in the world, Bitcoin, was created, there were a lot of problems in the use of this cryptocurrency by new users. This is both security and difficulty in understanding all systems.
However, after so many years, people still had some kind of trust, and they began to introduce cryptocurrency into various systems. It even reached the state level. But, unfortunately, even now many people do not understand how this or that cryptocurrency works, what the blockchain is in general.
This is where Psyche.Cash comes in . She will strive to ensure that people from all over the world can easily figure out what's what in the field of cryptocurrencies. It will create its own token system, which will be based entirely on ordinary users and various businesses (DeFi and CeFi).
Part of the fear of people to use cryptocurrencies lies in how the value of a particular digital currency is unstable. When carrying out any transaction to users, he must know how much he will be specifically paid. However, since it is a cryptocurrency, its value can fluctuate in large values.
This can be seen by looking at the price chart of even the top 10 cryptocurrencies on Coinmarketcap.
All this is incompatible with good business. There should be a stablecoin that will provide the buyer with some peace of mind during the transaction, since he will be sure that the price of his investment will not change in literally a day, or even a minute.
The Psyche.Cash team is ready to present to everyone a special RefleX algorithm that will work in conjunction with the blockchain system, as well as with traditional technology. It is this algorithm that will allow everyone to understand how the future payment process will change due to the development of blockchain technology and digital currency in general.
RefleX is a unique algorithm that combines 2 important components: blockchain technology and an easy-to-use cryptocurrency for the user. This combination will lead to the emergence of a convenient digital currency that will be unique in its kind. Its uniqueness will lie in the fact that users will not need to have a lot of technical knowledge to use it.
The company Psyche will release its digital wallet currencies. This will be an application that will be implemented as simply as possible so that ordinary people can understand how to conduct any transactions through this wallet. Also, Psyche understands that inexperienced users can inadvertently send their money to the wrong address where they wanted. A common problem that experienced users sometimes encounter. And so, in order to avoid all these errors, the Psyche team will develop a crypto wallet system in which each time it wants to conduct a transaction, the application will ask you to enter a six-digit code.
Psyche will release its Psyche token . As stated, it will have: 1 Psyche token = 1 USD. The token will be unique in that it will provide an opportunity for investment beyond the usual speculative price increases that other digital currencies may offer. Psyche will provide its users with 100 tokens every month. The purpose of all this, other than to distribute their currency to ordinary users, is very noble: to help all families who live in poor countries. They will be able to sell these tokens and thus earn their living. In many countries, poverty is very widespread, and in order for people there to somehow survive, Psyche will deal with such distributions.
Project benefits
The protocol has several advantages:
fast transaction. This process should take no more than half a minute.
Accept / decline payments. Psyche has made a major breakthrough in transactions, allowing any recipient to accept or reject an incoming transaction.
Security. To authenticate transactions, each user can set a pin code and private key.
Confidentiality. One of the best features of this algorithm is that it doesn't display online wallet balances.
The transaction ID will only show the value of the transaction itself, not the balance at both ends.
There is no commission for transfers. From one wallet to another, 5 transfers per day are allowed without commission. Starting with the sixth transaction, a 0.25 percent commission will be charged per transaction to ensure that the system is not spammed.
Caring for the community. Psyche will give 100 coins every month to those in need. Its goal is to reach 10,000 people, including users and their families, especially those living in poor countries.
ROADMAP
Developers will continue to develop Psyche Stablecoins. In the first quarter of 2021:
● P2P Marketplace will be launched. This will allow people to sell their own digital services, assets and legal goods via the web. It doesn't require any approval, no high commission.
K2 2021:
● The updated RefleX algorithm will help improve Psyche;
● there will be P2P asset exchange. This will allow people to exchange their own cryptocurrency portfolios for US dollars and other coins, no commission is charged.
In the fourth quarter of 2021:
● smart contracts will be integrated;
● The soul test blockchain network will emerge;
● ERUO stablecoin will appear.
About tokens
A total of 30,000,000 tokens will be issued. They started selling on November 5, 2020. At the same time, residents of China, US, Korea and Afghanistan will not be able to participate in the token distribution.
It is important to understand that the use of coins is not limited, but only for legal purposes. Tokens can be sent and received as assets, bought and sold as commodities, stored as savings, donations, etc.
conclusion
You can join the project now and become one of those who own Psyche coins. As the crypto community exposes the internet to projects, private sales can end ahead of schedule. The total number of coins put up for sale was 100,000. Private selling invites interested parties to buy coins at a discount before entering the ICO.
MORE INFORMATION
Website: https://psyche.cash/
Whitepaper: https://psyche.cash/whitepaper/
Medium: https://psycheusd.medium.com/
ANN: https://bitcointalk.org/index.php?topic=5283530.0
Bounty BTT: https://bitcointalk.org/index.php?topic=5284376.0
Twitter: https://twitter.com/psycheusd
Facebook: https://www.facebook.com/psycheusd
Medium: https://medium.com/@Poolz
Telegram: https://t.me/psycheusd
Instagram: https://www.instagram.com/psycheusd/
Reddit: https://www.reddit.com/r/PsycheCoin/
Author : yusuf ganteng
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2076429
Telegram : @yusuf_ganteng
ETH wallet : 0x9577940e51519bcf585e2848A03b4a85312B23CB