This is how it will revolutionize!
While blockchain technology has the potential to revolutionize the world for the better, the average person struggles to understand and use it. This is where Psyche Coin comes in. Psyche Coin is an ERC20 utility token synchronized with crypto points with the goal of making cryptocurrency more accessible to the average person by being easy to use.
Psyche is committed to building an improved and convenient DeFi system to encourage non-technical people to participate in the ecosystem. It is the true combination of DeFi (individuals) and CeFi (business). Blockchain is now considered one of the greatest technological innovations with the highest potential and creativity in the world.
History has been punctuated by many prominent industrial revolutions: the first industrial revolution; the second industrial revolution; the third industrial revolution was defined by computer technology, nuclear energy, and space technology. We hope that Psyche Coin plays a role in the fourth industrial revolution.
Blockchain is a decentralized and entrusted network that achieves peer-to-peer value exchanges. It is known for being efficient as well as transparent. Psyche believes that blockchain technology is the innovative push needed to reshape people’s lives and make business easier than ever.
Blockchain technology is an extraordinary system that has been meticulously edited and revised mechanically to ensure the best possible technology. Unfortunately, the sheer complexity of blockchain might make the concept difficult for the average person to understand. Technology is often intimidating to use unless the individual already possesses strong knowledge and a sense of understanding. This is partly why this impressive technology remains inaccessible to many people.
We are excited to reveal the “RefleX Algorithm” that operates in synchronicity with Blockchain as well as traditional technology. The algorithm makes it easier for everyone to understand how digital currency and blockchain technology will change the future payment process.
Benefits
The solution has to streamline the process, intuitive to use, and convenient. The mainstream population will gravitate toward solutions that grant them freedom, comfort, and security in the palm of their hand. With the RefleX Algorithm, Blockchain and digital currency can be used every day as currency with the same amount of trust and confidence. It’s as easy as sending money by email.
Scalability
Due to the innovative algorithm and process, Psyche has strong scalability and can be paired with any smartphone around the world. The technology is easy to use and accessible for any smartphone user. The system can manage millions of active users per day.
Environmentally friendly
A major concern about cryptocurrency is its potentially negative effect on the environment. Bitcoin mining in particular takes a great deal of power, which can in turn harm the environment. According to research conducted by PowerCompare, mining Bitcoin in 2017 used more energy than what 159 countries use in a year.
Decentralized
Just as blockchain systems are decentralized, so is the Psyche Token. Because Psyche is decentralized, it allows people to do P2P transactions, as well as buy and sell and is held liability-free of any legal issues. Users are encouraged to follow their local, state, and country laws.
Why “Psyche”?
The name “Psyche” is inspired by Psyche 16, a most valuable Asteroid in the space with an aim to support the research and mining on Psyche 16 in the near future.
Psyche Coin is a stable currency with the face value of $1.00 per coin with a focus on accurate exchange prices and free transactions. Psyche Coin is based on the groundbreaking RefleX Algorithm, which was specially designed to make blockchain technology accessible to everybody, including non-technical people with little knowledge of cryptocurrency.
Psyche is born out of the belief that something designed to help the community must be easy for the community to use.
Buy/Sell
Psyche will provide similar to LocalBitcoins in that people can buy and sell assets for a profit. Psyche recommends a sell rate of $0.98 and a buy rate of $1.00, although this rate depends on the particular local market.
Marketplace
The digital currency includes an escrow-based marketplace which allows users to sell digital goods. Because a third party is holding the funds, both the buyer and seller will feel more secure when making transactions.
Smart Contract
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.
Care for Community
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.
Psyche is a written future!
Digital currency requires a solution that’s easy like PayPal, fast like blockchain, and trustworthy like traditional systems.
Speed
Nowadays, speed is important to modern-day professionals. Users expect tasks to be done easily without any extra hassle. The speed of a transaction is incredible, as it doesn’t require the whole network to approve and process each transaction. The transaction reaches the recipient at a rapid speed: transaction time is just one second. The system can manage 3,000 transactions per second.
Security
Account information is encrypted and stored. The app allows users to set private keys and a PIN to authenticate all the transactions. The Psyche network authenticates connections using public and private key cryptography. The PIN can’t be cracked due to a set algorithm, which means it is secure unless the user shares it with another person. The wallet account is linked to email accounts and allows users to reset their passwords whenever they choose to do so.
Cost
The main benefit of using the RefleX algorithm is the cost. Psyche can be transferred from one wallet to another without any transaction costs for up to five free transactions per day. From the sixth transaction onwards, a charge of 0.25 percent per transaction will be incurred to ensure the system is not being spammed. There’s no interceder, there are lower costs, and no extra hidden fees or surprises.
Privacy
Users are concerned about the security of their data and personal information. Users need to feel confident that their accounts are encrypted and safe. One of the best features of the algorithm is that it does not display the wallet’s balance online. The transaction ID will only display the value of the transaction itself rather than the balance at both ends.
Pricing
Price is the most important factor in any business. The repository component of the protocol manages a distributed accurate pricing in real-time. Key properties of the repository include authentication, capacity, transparency, and accuracy.
Signed transaction
Transactions are bound with a unique six-digit security code and it can only be completed once the code is submitted. The signed transaction provides security and trust between parties while doing the transactions. The code is encrypted and only the sender can see that and share with the receiver. Because of this feature, users are less likely to accidentally send funds to the wrong address.
Making a Difference!
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.
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 Network.
Smart Contract
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 Network.
Light speed
Nowadays, speed is important to modern-day professionals. Users expect tasks to be done easily without any extra hassle. The speed of a transaction is incredible, as it doesn’t require the whole network to approve and process each transaction. The transaction reaches the recipient at rapid speed: transaction time is just one second. The system can manage 3,000 transactions per second.
Free Transactions
The main benefit of using the RefleX algorithm is the cost. Psyche can be transferred from one wallet to another without any transaction costs for up to five free transactions per day. From the sixth transaction onwards, a charge of 0.25 percent per transaction will be incurred to ensure the system is not being spammed. There’s no interceder, there are lower costs, and no extra hidden fees or surprises.
Staking
Nowadays, speed is important to modern-day professionals. Users expect tasks to be done easily without any extra hassle. The speed of a transaction is incredible, as it doesn’t require the whole network to approve and process each transaction. The transaction reaches the recipient at rapid speed: transaction time is just one second. The system can manage 3,000 transactions per second.
Swap
Swapping the token/currencies without a third party and loss of commissions.
