Psyche is a new ecosystem revolutionizing the cryptocurrency industry

in #blockchain4 years ago

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Some time ago, blockchain projects found that cryptocurrencies are spreading four times faster in developing countries compared to developed countries.

The presence of blockchain in the banking industry has helped increase flexibility and efficiency significantly, many people choose to take advantage of the accessibility of banking services using digital assets,

Psyche is a new ecosystem that is revolutionizing the cryptocurrency industry by introducing an ecosystem between a blend of cryptocurrency and technology that is easy to use for all users, where this ecosystem will easily and easily connect everyone to the cryptocurrency space through a simple process. Psyche will create a new ecosystem based on Blockchain technology with the RefleX algorithm specially designed to meet the various needs of its users. This algorithm is designed to provide accurate exchange rates on the current market as well as free transactions. Blockchain technology currently has a simple problem, namely the transaction process is still long, so speed is important if the blockchain is to be implemented on a large scale.

RefleX is a unique algorithm that combines 2 important components: blockchain technology and user-friendly cryptocurrency. This combination will lead to the emergence of a digital currency that is convenient and unique in its kind. Its uniqueness lies in the fact that the user does not need to have much technical knowledge to use it.

Psyche company will release its digital wallet currency. It will be an application that will be implemented as simply as possible so that ordinary people can understand how to carry out any transaction through this wallet. Additionally, Psyche understands that inexperienced users can accidentally send their money to the wrong address where they want it. Common problems that users sometimes experience. So, to avoid all these mistakes, the Psyche team will develop a crypto wallet system where every time you want to make a transaction, the app will ask you to enter a six-digit code.

Psyche's vision is for a world where:

  • Cryptocurrency is easy to understand and use.
  • Cryptocurrency has a reputation for being trustworthy.
  • People feel comfortable using cryptocurrency for day-to-day transactions.
  • Cryptocurrency doesn't harm the environment.
  • The poor benefit directly from existence
  • digital currency.

Benefits of the soul

Security:
In it, users are allowed to set private keys and pins to authenticate transactions. Users can protect their accounts with one additional layer of security with 2FA verification.

Fast Transaction:
You don't have to have the entire network approve and process every transaction. Each transaction will take no more than 30 seconds.

Commission Free Translation:
The super advantage of using Psyche is that it's a minimization policy. Psyche can easily transfer from one wallet to another at no cost for 5 transactions per day.

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What is Psyche Coin?
The proprietary token to be used in this ecosystem is Psyche Coin, based on Ethereum Blockchain technology with smart contract functionality that automates various processes, eliminating the role of centralized third parties to provide users with a cheaper and faster transaction process. Psyche Coin will always be pegged at $ 1 with an automatic price adjustment process through their algorithm, providing the best speed for its users when they want to make transactions.

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 opportunities for investment beyond the usual speculative price increases that other digital currencies may offer. Psyche will give its users 100 tokens every month. The purpose of all this, apart from distributing their currency to ordinary users, is very noble: to help all the families living in poor countries. They will be able to sell these tokens and make a living. In many countries, poverty is pervasive, and for the people there to survive, Psyche will handle such distribution.

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ROADMAP

K4 2020 [Phase 1] Completion of the Reflex algorithm and launching a fully functional wallet and token for users to experience the future of payments and what Psyche has to offer. Develop and improve platforms and communities with an awareness of the use of crypto in everyday life.

Q2 2021 [Stage 2] P2P asset exchange, which will allow users to exchange / swap their cryptocurrency portfolio for USD1 and other coins without commission. The grant will go to the right person through our partnerships around the world.

Q4 2021 [Phase 3] Development and launch of the Psyche blockchain testnet. At this point, smart contracts might be integrated. Launch of stable ERUO coins and business-based services to traditional exchanges, financial institutions and corporate organizations for business transactions.

K1 2021 [Phase 4] P2P Marketplace, which allows users to sell their digital assets, services and legal products over the network without monopoly and heavy commissions and approvals. Users can assign trust points to each other after each transaction, which results in trust.

K2 2021 [Stage 5 & 6] This project will continue to grow and improve over time, follow trends, and collect data about the community. Due to the highly scalable RefleX Algorithm, it is easy to customize and increase the chances of Psyche as it arises.

Conclusion:
The global population needs technology and cryptocurrencies to make payments easier, psyche coin @psycheusd wants to pull people out of poverty and give hope to a generation accustomed to cryptocurrencies. The soul coin ultimately has the technology, community and features to make it happen and is the coin of choice for all generations seeing the immediate effects of a global downturn.

Further information:

Website: https://psyche.cash/
Media: https://psycheusd.medium.com/
Telegram: https://t.me/psycheusd
Twitter: https://twitter.com/psycheusd
Instagram: https: // www.instagram.com/psycheusd/
Reddit: https://www.reddit.com/r/PsycheCoin/
Facebook: https://www.facebook.com/psycheusd

Author: Homio
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2865336

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