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Psyche

November 14, 2020

Join and take advantage of the next innovation in decentralized finance
With the advent of digitization and technology in general, we are about to experience a new era that will primarily benefit and bring new perspectives for human life.

A revolution happened in the last two decades is the B i tcoin. There is perhaps not a single person on Earth who has never heard of the first cryptocurrency established in 2008 by an imaginary group of people known by the pseudonym Satoshi Nakamoto. And to tell the truth, many still wonder how the entire cryptocurrency system works.

The technology necessary for Bitcoin to impact the entire economic system is blockchain, an accounting database that online tracks every transaction that has occurred while using a particular cryptocurrency.



An invasion of Stablecoins is on the way. How will you disrupt the crypto space?
Stablecoins provide many advantages as a cryptocurrency with secure, private and transparent purposes. Stablecoins can be classified into 4 main categories:

Fiat Guaranteed Stablecoins - which means that these stablecoins are backed by currencies like USD, GBP, EUR, etc. Commodity Guaranteed Stablecoins - They are backed by precious metals (gold, silver, platinum, etc.) Crypto Guaranteed Stablecoins - As the name implies, these stablecoins are backed by other cryptocurrencies. Unsecured Stablecoins - These Stablecoins are not backed by anything.

The most famous stablecoin is Tether (USDT) as a fiat collateral stablecoin. And as the first stablecoin, it has experienced a lot of problems regarding its evaluation format for a secured note. In order to provide investors with confidence and ensure their reliability, Tether has been singled out as a controversial approach due to

the suspicions that Tether has awarded more USDT than can support its USD holdings. This was the first lesson that upcoming stablecoin apps should take into account in the first place.

The latest stablecoins like Synthetix and MakerDAO struggled to solve and correct this particular problem by altering traditional backup resources, with the application of Bitcoin, Litecoin, Etherium, etc.

At last, the latest stablecoin launches already indicate these problems and, with the help of price regulations, they use algorithms that expand the volume of coins. The benefits are already reaping. However, many improvements need to be made because many stablecoins are still centralized or have not achieved scalability elevations.

In general, stablecoins must overcome these challenges to dive into the optimization line:

● To maintain consistent liquidity, stability and scalability when the market crashes.
● To be easily accessible through user-friendly technology.

The former can easily be overcome by simply implementing strategies that will drive liquidity, stability, and scalability. Regarding the second challenge, it is obvious that regulators will ultimately have to accept stablecoins by manifesting a regulatory model that fits the economic sector.

Why stablecoins and what is the ultimate solution?

Since cryptocurrencies tend to have high price volatility, the market is desperate for a compact solution, and that solution is to invest in stablecoins with more stable prices along with solid attraction. Many cases around the world paid for lunch or dinner with Bitcoins, like the man from Florida in 2010 who "burned in the air"

10,000 Bitcoins just to indulge yourself with two pizzas. Today those pizzas would cost more than $ 100 million.

Are you going to pay $ 100 million for two pizzas? Surely not, and because of that, you should consider stablecoins so as not to lose additional money, or say tens or hundreds of millions of dollars as in the case of the Florida man.

The best solution is cryptocurrencies, but they have not yet become mainstream due to the fact that they are not easy to use. On the other hand, Psyche is extremely easy to use and is expected to garner public attention as a great challenge for USDT. Named after the famous asteroid Psyche 16, it sparks the idea of ​​supporting the near future with the same goal that must be achieved: valuation. The future of payments along with the creation of a truthful technique are the two main goals that Psyche must achieve. Psyche will support and initiate the vision to bring us a better world in the digital realm of currencies. It is because of this fact that it is easy to understand and does not involve any complicated science behind the whole scheme. They are driven by the idea of ​​facilitating the process of disintermediation and financial integration.

Psyche is the only solution because it is destined to revolutionize the world of cryptocurrencies by providing the fusion of cryptocurrency and technology, which is easy to use to establish an unbreakable bond only between people.

Psyche will design and carry out a platform for numerous stablecoins with more than 3,000 transactions in just one second with no additional fees, zero charges, no price variety, no exchange rate variations, no difference at any time of the day. It is very easy to use like PayPal, and above all without commissions. Sounds interesting right?

Anonymous balance
The crucial stimulus for cryptocurrency innovation was to initiate a secure and anonymous currency transfer method. This is where Psyche Coin comes in. Since he understands the concept, he made a difference by using the ERC20 utility token which is synced to provide accessibility to cryptocurrencies so that an average human would understand the process in a straightforward way. User identities remain anonymous, including wallet balance. The sender and the recipient are identified with a unique number generated by the system and no other personal information about the user is recorded, therefore they remain anonymous.


Signed transactions
Psyche Coin is very aware of the repercussions that we encounter in our daily lives. One of the most common mistakes that can occur is sending money to the wrong address. But with Psyche, this will not be the case, at all, due to the implementation of a unique six-digit code to send and complete the transaction. The encrypted code is only visible to the sender and can be shared with the recipient.

Easy-to-use technology - speed and security
Provides the easiest wallet identification in the world of cryptocurrencies. This refers to the time required to verify a transaction, in less than 3 seconds! And as a receiver, you have the option of accepting or rejecting incoming transactions. Every transaction is safe and secure. The wallet is completely encrypted and the user is the only one who has access to the private KEY, PIN and backup.

The biggest problem with wallet technology today is if you forget your private key. There is no way to get it back and millions can be lost. That is why Psyche offers the benefit of resetting the private key if one forgets it. The user can configure their own private key and a transaction authentication pin. Certain information can never be decrypted due to the fact that Psyche uses cryptography to keep account information safe. Account information is encrypted, remains stored, and only users can reset the password. Additionally, users can add another form of security, using 2FA with Google authentication.

Environmentally friendly technology:
Psyche is very concerned about the environment. They think about improving people's health, which is a great initiative. Psyche is also creating a better future by broadening the vision of cryptocurrency so that the entire network does not need to be involved in every transaction. Through MasterNode, P2P transactions are made directly.

cost

By using Psyche Coin, you can benefit from its cost minimization policy if you want to transfer Psyche from one wallet to another at no charge for up to five transactions per day. If you go through the five free transactions, you will only be charged 0.25 percent per transaction. No additional or hidden costs required.

Scalability

Due to possessing an innovative algorithm and process, Psyche adheres to strong scalability, which can serve millions of users per day. Users have the ability to pair with the smartphone all over the world to enjoy the smart transaction system.

Benefits

The most impressive benefit that comes with Psyche is that you can shop in your community and earn money from their referral program. Selling fees are $ 0.98 while purchase fees are $ 1. The respiratory component includes key features such as transparency, accuracy, authentication, and capacity.

Do you think crypto is the next payment solution? Although it has to provide price stability and quick fix, if you want to use stablecoins in daily use without leaving a trace, the link below gives you the correct answer.

Instead of asking yourself, "Am I ready to start?" well, in this case, you should ask yourself, "when should I start?" That is why it is my great pleasure to inform you that Psyche will be released on November 1, 2020, and you simply shouldn't hesitate too much.

Most importantly, Psyche is the first stablecoin that can be easily accessed and traded daily. It will be very easy for people to connect with Psyche as it is an ecological cryptocurrency.

How the digital cash market is evolving:
Also, it's not that cryptocurrency is changing the world; the world has already changed and improved. To fulfill Psyche's promising future, you have to start today! Join now and be part of the future!

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