Psyche.Cash

Angelica Simperle
5 min readOct 29, 2020

Psyche.Cash

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.

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.

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.

Psyche Protocol

Security: Psyche ensures that the platform used by users is completely safe with various features such as 2FA with Google authenticator, private keys, PIN, linked email accounts, etc.
Speed: Psyche ensures that every transaction made by a user will be processed by a machine that can process 3000 transactions in 1 second.
Cost: By using the RefleX Algorithm, Psyche ensures that users can make 5 transactions for free and the next transaction will only be charged 0.25 percent per transaction.
Signed transaction: A feature that minimizes money loss when the user enters the wrong address. Each transaction is bound by a unique six-digit security code. Transactions can only be completed after the code has been sent. This can give trust to the user.
Anonymous balance: Users don’t need to worry about their data or the balance in their account, because Psyche ensures that only transaction values will appear in public.
Scalability: With high scalability, Psyche can be installed on smartphones all over the world.
User-friendly technology: Psyche provides the easiest wallet ID in the crypto world, which allows users to be able to transact more easily. And also the private key reset feature for users who have lost their private key.
Environmentally friendly: The entire Psyche network will not be involved in a single transaction process, so it does not affect the environment by consuming large amounts of resources.
Marketplace: Marketplace with an escrow feature that allows people to sell digital goods.
Buy / Sell: If users want to own assets, they can buy them from the community or get them from referrals.
Pricing: The repository component manages a distributed accurate pricing in real-time.

Conclusion
Psyche Coin is going to work in a super current society, and that is the reason Psyche will be the main coin to zero in on space the travel industry and the advanced arrangement. Named after the renowned space rock Psyche 16, which will be at the bleeding edge of room mining, Psyche Coin will put resources into space mining new businesses. It is one of the most celebrated human discussions to investigate and misuse the advantages of room to satisfy the human dream. Since we previously experienced the advantages and how Psyche will change the future and use it for the benefit of everyone, how about we see what the costs are.

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.

Token Distribution

ROADMAP

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.

THE TEAM

Hammad Khan — CEO/Chief Architect

Asad Jibran — CTO

Lucya Fedoruva — Operations Director

Advisors & Investors

Marta Faka — Risk Advisor

Lasse Hendrik — Fundraising

Arman Ashraf — Financial Advisor

Nawaz Alam — Investor

INFORMATION

Whitelist: https://bit.ly/2R3s5Yc
Web: http://psyche.cash/
Medium: https://psycheusd.medium.com/
Twitter: https://twitter.com/psycheusd
Telegram: https://t.me/psycheusd
Reddit: https://www.reddit.com/r/PsycheCoin/
Instagram: https://www.instagram.com/psycheusd/
Facebook: https://www.facebook.com/psycheusd

AUTHOR

BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2851188

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