Psyche.Cash - Feature and Future goal of DeFi
Greetings to all my steemit readers! Today, I want to tell you a little about a project like Psyche.Cash. Let's analyze some of its features, let's talk about the main goals of this project.
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.
That's all. You can learn more about the Psyche project by going to their website, as well as reading the Whitepaper. All links can be found at the end of the article.
Project Links
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/
Username : NYONYGMY
Profile : https://bitcointalk.org/index.php?action=profile;u=2750675
ETH : 0x269327ae1b712bfd6C3C5C604e926304A1244f85