Psyche Coin Project?

In light of recent events around the world and the ongoing pandemic that we are experiencing, it has become clearer than ever the need for a major overhaul to our financial systems and the weaknesses that exist within various currencies and financial systems around the world. Cryptocurrency has always presented a verifiably better way to do finance, but the spotlight has truly turned on alternative payment methods in the age of turbulence and the current worldwide crisis. There are thousands of cryptocurrencies in existence, but only a few that are uniquely and adequately positioned to actually provide benefit to people all around the world in the form of a more affordable, fast, and secure payment system. One of those projects is Psyche Coin.

About the Psyche Coin Project?

Psyche is highly committed to building an improved and convenient system for the individuals as well as for the businesses. Currently, blockchain is considered to be one of the greatest technological innovations with potentials and creativity; Psyche has exhilarated the process by making it easier and faster. The goal is to encourage non-technical people to participate in cryptocurrency.

The name Psyche has been inspired by Psyche 16 which is the most valuable Asteroid in the space, aims to support the near future and the Psyche Coin sets the same goal. The focus is on the future of the payment process and building a straightforward method for operating. Psyche will create a network with stable coins so that you can enjoy consistent pricing throughout the day. Psyche is committed to providing the most advanced Smart Contracts to develop stable currency control. This contract enables the coins to pay the transaction fee from the coins.

Psyche has given birth to the belief of making it simple for ordinary people by providing accessibility and consistency. The motivation was to design cryptography that will help the community.

Psyche’s vision to make a world where:

● Cryptocurrency is easy to understand.

● Creates a trustworthy reputation.

● People will feel comfortable to use cryptocurrency in daily transactions.

● Does not harm the environment.

● Impoverished the communities directly benefit from the existence of the digital currency

Future of DeFi

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. Named after a valuable Asteroid, Psyche Coin is a stable currency with a face value of $1 per coin with a focus on accurate exchange prices and free transactions in the remittance market. Based on a specially designed RefleX Algorithm, Psyche Coin offers the easiest way for the nontechnical people to connect with the cryptocurrency benefits.

● Fixed price

● No Transaction Fee

● No FX losses

● No Commission

Peace of mind

The non-fluctuating cryptocurrency is designed to make the future of remittance a lot easier with the potential to attract millions of new users from around the world and help save trillions of dollars wasted in forex exchanges for both businesses and individuals.

Applications

During any transaction, the buyer needs to know exactly how much they are getting paid. This fluctuation in value is partly why many people are wary of cryptocurrency.

A stable coin is a requirement for every business, and thus it has applications across various platforms. This provides peace-of-mind for the buyer as they know the value of the transaction—there will be no change in the price in the coming days.

● Marketplace

● Industries

● Payments

● Remittance

● Shopping

● Everyday usage

Psyche Features

Psyche is the best solution because it is set to revolutionize the crypto world by providing the fusion of cryptocurrency and technology, which is user-friendly to establish an unbreakable bond between people only.

● Easiest wallet ID

Psyche provides the easiest wallet ID on the cryptocurrency market which allow non-technical users to connect with Blockchain revolution. The wallet IDs are like debit/credit card which one can easily remember.

● Light speed transactions

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.

● Accept/Reject Payment

Psyche has brought a major breakthrough in the transactions, it allows each receiver to accept or reject an incoming transaction. Users can reject a payment if they don’t want to receive or they are not agreed on the incoming amount.

● Signed Transactions

Every transaction is bound with a unique six-digit security code. The transaction can only be completed once the code is submitted. This signed transaction provides security and trust between parties while doing the transactions.

What’s New in Psyche Coin?

Psyche has the vision to give the world a better future in digitalized currency. As we surely can see the future improvising newer features that are beneficial for every user.

Psyche protocol includes:

● Security: In the app, the user is being allowed to set a private key and pin to authenticate the transaction. Certain information can never be cracked because Psyche utilizes cryptography to save the account information. The account credentials are encrypted, remains stored, and only users have the authority to reset the password. Users can also add another layer of security using 2FA with Google authenticator.

● Speed: In Psyche, you can have speedy progress of transaction as it does not require the entire network to approve and process each transaction. Therefore, the transaction reaches just in a second. The system can manage up to 3000 transactions per second and it is upgradable.

● Signed Transaction: Psyche knows the consequences you face if you send money to a wrong address. Therefore, we implemented a six-digit unique code bound to submit for the completion of a transaction. The encrypted code is visible to the sender only which can be shared with the receiver.

● Cost: Another benefit of using Psyche is its cost minimization policy. Psyche can be transferred from one wallet to the other without any charge for five transactions in a day. After five free transfers, the user will be charged only 0.25 percent per transaction. There is no other interceder or any kind of hidden costs.

● Scalability: Psyche conforms with strong scalability due to having the innovative algorithm and process. Users can have the facility of pairing with the smartphone around the world to enjoy the smart transaction system. Psyche can manage millions of active users in a day.

● Making Assets: If you are thinking about making assets, you can purchase from the Psyche community and earn them through referral. Psyche recommends to sell at the rate of $0.98 and buy at $1. The respiratory component of the protocol manages and distributes accurate pricing in real-time. You can have the key properties of the respiratory including authentication, capacity, transparency, and accuracy.

● Environment Friendly: Psyche has an aim to be the most environmentally-friendly cryptocurrency. Hence, it makes sure the entire network does not need to have involvement in every transaction. The P2P transactions take place directly through MasterNode.

Key advantages of blockchain:

It allows users to easily verify transaction without the need for third-party confirmation.
A data structure in the blockchain cannot be changed, altered, or deleted.
Time-stamping of blocks which means all participants in the ledger activity will adhere to what to be recorded in the block.
To validate the entry, many protocols are required for verification and this is why there is no risk of any fraud nor duplication of a transaction.
Businesses across the globe can preconfigure blockchain’s conditions with the help of smart contracts.

High Level Roadmap

This is a high-level roadmap is already started.

Q4 2020

Phase 1

Completion of Reflex algorithm and launch the full functional wallet and token for users to experience the future of payment and what Psyche has to offer. Develop and improve the platform and community with the awareness of crypto usage in daily life.

Q2 2021

Phase 2

P2P assets exchange, which will allow users to exchange/swap their cryptocurrency portfolio with USD1 and other coins without commissions. The aid funds will be given to the right people through our partnerships across the globe.

Q4 2021

Phase 3

Development and launch of Psyche blockchain testnet. At this point, smart contract might be integrated. Launch of stable ERUO coin and business-based services to the traditional exchanges, financial institutes, and corporate organizations for business transactions.

Q1 2021

Phase 4

P2P Marketplace, which allows users to sell their digital assets, services, and legal products through the network without any monopoly and heavy commissions and approvals. The users can give each other trust points after each transaction, which generates trust.

Q2 2021

Phase 5 & 6

This project will continue to develop and improve with time, follow trends, and gather data on the community. Due to the highly scalable RefleX Algorithm, it is easy to adjust and improve Psyche as opportunities arise.