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

[PsycheUSD]

The future does not hold the guarantee for anything or anyone.

There are several projects which has been successful as well, it depends what we look for.

At Psyche we look for success only. Nevertheless what future holds, there is one thing guaranteed, we will do everything to make this project successful. 
 

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?

[TimeTeller]

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?

I am not really familiar with algo-based stablecoin so I searched a lil bit about it.
And this kind of stablecoin is categorized as  seigniorage-style (not backed).

https://en.wikipedia.org/wiki/Stablecoin

And I read what you are saying here about project Basis.
So interesting what will be their future here?

And from this medium article, you can read how algo-based stablecoin works.

https://medium.com/@paytomat/algorithmic-stablecoins-5e6d0b23ff7


Can they really pull it off in the market?
If they have dedicated and strong team, maybe. And to what extent they want to achieve here for this project...

[PsycheUSD]

You are very much right, the price will fluctuate a little bit like all other stablecoins. However, Psyche has built it's own wallet App on RefleX algorithm, where the price will remain $1.00 at any given moment.

How does it work? The App will take the user's token and will give the value in RelfeX token and vice-versa. Conversion of the ERC20 token to RefleX token will always remain $1.00.

The advantages which have been introduced by Psyche will come through the RefleX network, here you can find a glimpse. https://psycheusd.medium.com/why-psyche-is-best-2b57cc219e4d

Psyche shall build its own network of stablecoins where the price remains constant every single second and this is the only way for the cryptocurrency to enter the business and remittance market.

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.

[PsycheUSD]

That is the right approach, though!

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

[kojektea]

That is the right approach, though!

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

hello sir, don't we currently have a special community group on telegram psyche.cas? I looked for it but I did not find it, I only found the telegram channel psyche.cash as if it was incomplete without a community group

[irfan_pak10]

That is the right approach, though!

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

hello sir, don't we currently have a special community group on telegram psyche.cas? I looked for it but I did not find it, I only found the telegram channel psyche.cash as if it was incomplete without a community group

Currently, there is no community group. If you want to discuss anything you can ping me at telegram: @irfan_pak10

[indo1]

That is the right approach, though!

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

hello sir, don't we currently have a special community group on telegram psyche.cas? I looked for it but I did not find it, I only found the telegram channel psyche.cash as if it was incomplete without a community group

Currently, there is no community group. If you want to discuss anything you can ping me at telegram: @irfan_pak10

Wouldn't speaking in general open up even more insight for those fans of the psyche project?
As well as creating a special group is the best choice, and many people cannot discuss here, other than that talking privately feels closed

[PsycheUSD]

Hi Sir
There are so many groups, communities, the social network we have in our daily life, so we decided to let's keep it simple. However, if you have a question, feel free to ask and we would be more than delighted to response.

That is the right approach, though!

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

hello sir, don't we currently have a special community group on telegram psyche.cas? I looked for it but I did not find it, I only found the telegram channel psyche.cash as if it was incomplete without a community group

[PsycheUSD]

Sure, if anyone wants to talk privately, we are more than happy to hear. Let's do one thing, if we get more people interested in the private group, we would be more than happy to make one.

That is the right approach, though!

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

hello sir, don't we currently have a special community group on telegram psyche.cas? I looked for it but I did not find it, I only found the telegram channel psyche.cash as if it was incomplete without a community group

Currently, there is no community group. If you want to discuss anything you can ping me at telegram: @irfan_pak10

Wouldn't speaking in general open up even more insight for those fans of the psyche project?
As well as creating a special group is the best choice, and many people cannot discuss here, other than that talking privately feels closed

[OPAleoN]

Psyche allows each receiver to accept or reject an incoming transaction and users can simply reject a payment if they don’t want to receive or they are not agreed on the incoming amount. I think it is something unusual but interesting decision

[Bolopecah]

Psyche allows each receiver to accept or reject an incoming transaction and users can simply reject a payment if they don’t want to receive or they are not agreed on the incoming amount. I think it is something unusual but interesting decision

won't that hamper a troublesome system and transactions take a long time? if they do it like that, is it done manually? and what is the purpose for such a product to be created?
An interesting idea but a little awkward when you think about it logically

[PsycheUSD]

How many time have you heard, the transaction went to the wrong address and boom... it lost. Recently with 1M USDT, thanks to the organization which traced it out but it does not happen normally.

To accept a transaction, one must have a 6 digit approval code which sender can share with the receiver. What it prevents? Never lose the funds again while sending to a wrong address.

Psyche is not focusing on staying in exchanges only, the intention behind the whole concept is where businesses and people can use it everyday and to accomplish that, trust is very important.

Psyche proposes a coin to be used everyday, this would be the main purpose behind the Psyche blockchain.

Psyche allows each receiver to accept or reject an incoming transaction and users can simply reject a payment if they don’t want to receive or they are not agreed on the incoming amount. I think it is something unusual but interesting decision

won't that hamper a troublesome system and transactions take a long time? if they do it like that, is it done manually? and what is the purpose for such a product to be created?
An interesting idea but a little awkward when you think about it logically

[Dessy88]

Psyche really interesting project is like my own opinion. I have bought some token and still hold for long time at least when i will receive good profits shrt. However the team and development well activity so ltes we will see Psyche great future.

[kinchit]

Sure, if anyone wants to talk privately, we are more than happy to hear. Let's do one thing, if we get more people interested in the private group, we would be more than happy to make one.

 I am interested in the private group.

[khudro]

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?

I am not really familiar with algo-based stablecoin so I searched a lil bit about it.
And this kind of stablecoin is categorized as  seigniorage-style (not backed).

https://en.wikipedia.org/wiki/Stablecoin

And I read what you are saying here about project Basis.
So interesting what will be their future here?

And from this medium article, you can read how algo-based stablecoin works.

https://medium.com/@paytomat/algorithmic-stablecoins-5e6d0b23ff7


Can they really pull it off in the market?
If they have dedicated and strong team, maybe. And to what extent they want to achieve here for this project...

I have done the research too on that topic and DAI almost works in the same way. DAI is assets based but the algorithm works, in the same way, this is why they have a high burn rate.
Is Psyche has a burnable option?

[onecall123]

Psyche really interesting project is like my own opinion. I have bought some token and still hold for long time at least when i will receive good profits shrt. However the team and development well activity so ltes we will see Psyche great future.

Exactly, so far I'm impressed the idea of Psyche and their ways of transactions process. You surely put your trust over the project not only for new idea but good team and trusted bounty manager @irfan_pak10. I've been working with him on his managed project for quite some time now and everything has been excellent. Very reliable and professional person so I can trust easily of this every project he managed.

[Shef198911]

I also took a closer look at the project, the idea itself is quite interesting, if you can really implement your product, you may be able to take your own piece of niche ) I wanted to ask if there is already a mobile app ? or when will it be released ?

[Bolopecah]

How many time have you heard, the transaction went to the wrong address and boom... it lost. Recently with 1M USDT, thanks to the organization which traced it out but it does not happen normally.

To accept a transaction, one must have a 6 digit approval code which sender can share with the receiver. What it prevents? Never lose the funds again while sending to a wrong address.

Psyche is not focusing on staying in exchanges only, the intention behind the whole concept is where businesses and people can use it everyday and to accomplish that, trust is very important.

Psyche proposes a coin to be used everyday, this would be the main purpose behind the Psyche blockchain.

Psyche allows each receiver to accept or reject an incoming transaction and users can simply reject a payment if they don’t want to receive or they are not agreed on the incoming amount. I think it is something unusual but interesting decision

won't that hamper a troublesome system and transactions take a long time? if they do it like that, is it done manually? and what is the purpose for such a product to be created?
An interesting idea but a little awkward when you think about it logically

I understand what you mean, and I am happy to hear from the concept you are telling me, on the one hand, there are many positive values that the community gets and here on the other it slows down the transaction process, but if this system is run with this bot, it certainly won't take that long. long enough

[copyr]

Really good project, I am very happy to joining this project,  This will success i am sure. I like this project and team members. Thanks irfan_pak10 sir ❤️❤️  
The future of money is digital currency.❤️

[DU3O]

My hope and faith are very high on this project. For me this is a complete package. I am amazed with the overall presentation, plans, especially the transparency of the team. Already joined the whitelist and even the bounty, that's how confident I am in Psyche Cash. Best of luck to us and together let's present the future of Defi to the rest of the world! Go PSYCHE!