[ANN][DEFI & CEFI] Psyche.Cash | The Future of DeFi | Private sale

[Twinkledoe]

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

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[rmyles25]

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

Unless they're being backed by several big VCs who are still trying to get their piece of the DeFi pie. On the bright side, if these VCs are trying to get in by investing in these companies then it could mean big in the future of crypto in general as more funds are flowing in which may increase the prices of lots of cryptos out there coins and tokens alike.

[bitkanu]

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

that's a scam trick to lure the people and at the same time the project itself is wanna creating an impression if the pro will be having great potential like USDT. I smell a shit scam project around here.

If there are people thinking if that was a story that can be achieved by this project and then he/she should learn more about how to discover the scam project.

[PsycheUSD]

Backing by fiat currency is not working in the crypto space, hence the USDT has the problem. Therefore the rest of stablecoins are back by the algorithm and so Psyche is.

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

[PsycheUSD]

We do appreciate for you to stopping by, the reason why it is a challenge is not that Psyche is back by Jeff Bezos but it provides a user-friendly technology. USDT without a doubt the top player in the stablecoin space, but why people are not practising it for everyday like AliPay or PayPal? Psyche is more focus on bringing the common people close to the blockchain technology with several other perks like signed transaction so one never lose the fund by sending to the wrong address. 

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

that's a scam trick to lure the people and at the same time the project itself is wanna creating an impression if the pro will be having great potential like USDT. I smell a shit scam project around here.

If there are people thinking if that was a story that can be achieved by this project and then he/she should learn more about how to discover the scam project.

[NEWICO INVESTOR]

A new stablecoin on the market despite we have USDT/USDC already but this has some great features apart from other stablecoins.

[micle00]

 Very nice. This is one of the best projects in recent time. Since the DeFi space is very poisoned today and everyday a new coin is popping up but this one seems very promising.

[Bolopecah]

-snip-
Will a bounty campaign be held next month? so far, the psyche is very interesting to be analyzed.

Thanks for showing your interest in the project. We'll be launching bounty/airdrop 1-2 days hopefully as 95% preparation has been done.

Regards.

Well, this is getting more interested, if the campaign manager someone like irfan_pak, then I would have no doubt participant will be crowded. One of the best manager is here, so the project will be a conversation among investors.
I can't wait to see and join it, and I also see there will be an airdrop campaign since the fund is reserved for airdrop&bounty.

yes I have known irfan_pak for a long time and joined the bounty campaign, irfan_pak is a proportional bounty manager and psyche.cash is suitable for holding a bounty program so that the support is getting stronger for this project

[kinchit]

wow, this is incredible. The private sale will start on 5th Nov but you have not mentioned the time and timezone.

[Altcoin Reviewer]

I checked the video, I love the project and sure going to participate in the private sale.

[PsycheUSD]

The time zone is GMT+0, London time.

wow, this is incredible. The private sale will start on 5th Nov but you have not mentioned the time and timezone.

[morata21]

Backing by fiat currency is not working in the crypto space, hence the USDT has the problem. Therefore the rest of stablecoins are back by the algorithm and so Psyche is.

I was reading your article on Medium before you launch this thread. It was said as a challenge to USDT. I'm not sure, how you will do it but it is a very bold statement.

Really bold statement. What I am worried about is, do they really have the assets to back-up their numbers? For a time before, USDT admitted that they are not 100% backed by US$. So what about this project, how do we know they are saying the ultimate truth about their assets?

What is that algorithm and how it can be trustworthy?

[irfan_pak10]

We have launched the bounty program here:

Link

Tokens Allocated: 150,000 tokens [1 Psyche token= 1 USD*]

Bounty period: 25th October 2020 to 24th November 2020

[lucas18]

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

[enhu]

A stablecoin but doing an ICO, this is the first that I've heard of. Aren't stablecoin supposedly going to be audited by some org for verification of its funds?
I'm just not sure about the idea, I like irfan_pak10 but its the project that has to prove successful. I'll check later.

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

Its a sure profit to buy just $50 while its token is worth $0.20. Good try. You have to see its a stablecoin, after the sale its going to be worth $1. That's 5x already.

[tperkara]

A stablecoin but doing an ICO, this is the first that I've heard of. Aren't stablecoin supposedly going to be audited by some org for verification of its funds?
I'm just not sure about the idea, I like irfan_pak10 but its the project that has to prove successful. I'll check later.

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

Its a sure profit to buy just $50 while its token is worth $0.20. Good try. You have to see its a stablecoin, after the sale its going to be worth $1. That's 5x already.

yes I totally agree because to join the presale at that price it seems that investors will not be too difficult because this is also a stable coin and there are already quite tantalizing profits

[Twinkledoe]

A stablecoin but doing an ICO, this is the first that I've heard of. Aren't stablecoin supposedly going to be audited by some org for verification of its funds?
I'm just not sure about the idea, I like irfan_pak10 but its the project that has to prove successful. I'll check later.

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

Its a sure profit to buy just $50 while its token is worth $0.20. Good try. You have to see its a stablecoin, after the sale its going to be worth $1. That's 5x already.

Psyche account says that they are not backed by USD but the algorithm. So there's no need for auditing? I don't know how you can keep the target value of $1 here, unless they have solid backing? Interesting how they can sustain their market here. Let's see...

[koang]

Backing by fiat currency is not working in the crypto space, hence the USDT has the problem. Therefore the rest of stablecoins are back by the algorithm and so Psyche is.

Although surrounded by a lot of controversies, the most popular stablecoin today is Tether (USDT) and has the highest daily trading volume of any cryptocurrency after Bitcoin and Ethereum.

Psyche is an algorithm-based stablecoin, similar to Basecoin, right?
The stablecoin project Basis, which had received over $100 M in venture capital funding, shut down in December 2018.
What is your guarantee that this project will not suffer the same fate as Basis?

[Kang TB]

A stablecoin but doing an ICO, this is the first that I've heard of. Aren't stablecoin supposedly going to be audited by some org for verification of its funds?
I'm just not sure about the idea, I like irfan_pak10 but its the project that has to prove successful. I'll check later.

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

Its a sure profit to buy just $50 while its token is worth $0.20. Good try. You have to see its a stablecoin, after the sale its going to be worth $1. That's 5x already.

so, in private sale period the price is about $0.20 and if this is a kind of stablecoin just like USDT, DAI and others,
then when hit the market the price could be stable at $1 each,, this is will be a profitable investments for investors for sure

[eXtremal]

A stablecoin but doing an ICO, this is the first that I've heard of. Aren't stablecoin supposedly going to be audited by some org for verification of its funds?
I'm just not sure about the idea, I like irfan_pak10 but its the project that has to prove successful. I'll check later.

minimum buy for pre-sale is $ 100.  is that not too big considering many small investors, maybe want to buy Psyche tokens for under $ 100

Even though $100 is not too much, but some people may want to go for $50 or less. they should rethink the min price.

Its a sure profit to buy just $50 while its token is worth $0.20. Good try. You have to see its a stablecoin, after the sale its going to be worth $1. That's 5x already.

so, in private sale period the price is about $0.20 and if this is a kind of stablecoin just like USDT, DAI and others,
then when hit the market the price could be stable at $1 each,, this is will be a profitable investments for investors for sure

but I am sure that when this token enters the market, the price will certainly not be stable, it will take time to maintain a stable price, but this is only my prediction, we'll see.