Place/Date: - September 2nd, 2022 at 1:57 pm UTC · 4 min read
The crypto market, at the beginning of the year 2022, faced its biggest crash. This crash hit the market at rock bottom and made its users and developers suffer significant losses on their edges. However, by this time of year, the analysts see the market recovering and going towards stability.
The market was always termed to be highly volatile and unpredictable. With the recent crash reaffirming this fact, users find it hard to get back into the market. As a result, they are having second thoughts even about cryptos that were once the market’s big hits, like Litecoin (LTC), Ethereum (ETH), Chiliz (CHZ), and Uniswap (UNI).
On the other hand, the developers are not ready to give up. They are continuously launching new currencies with attractive marketing strategies. Like offering bonuses Persystic (PSYS) token is just one of them. Let’s dig in more about it.
Chiliz (CHZ) is a cryptocurrency that revolves around entertainment and sports. It supports sports and entertainment platforms like Socios.com. Socios is a user engagement and monetization forum that enables players to participate in the governance of their favorite sports brand.
Chiliz’s blockchain relies on a Proof-of-Authority (PoA) agreement to ensure security. Contrary to Proof-of-Work (PoW) and Proof-of-Stake, PoA makes use of the reputability of the validator to create new blocks. Socios.com being the first platform of its kind, makes Chiliz (CHZ) have fewer competitors in the market. And users are left with this single option to avail of all these facilities.
Uniswap (UNI) is a famous decentralized trading platform. The platform’s purpose is to foster the automated trading of DeFi tokens. Automated trading for anyone enriches trading efficiency compared to conventional exchanges.
Uniswap (UNI) was the first to award its governance token, UNI, to old protocol users. This action added a gain margin and gave users an appealing aspect of decentralized entities.
A decentralized platform Persystic (PSYS), is a social media network that allows content creators to earn income from their content. The platform runs on a PSYS token based on the Binance network as a BEP-20 token, making it BSC-compatible.
The creators and users will use the PSYS token as a medium to earn rewards and incentives and convert it to fiat currency. Users will also use it to purchase permissions for different types of content on the platform.
The Internet of People (IoP) and the Internet of Things (IoT) are relevant classifications to describe Persystic. The platform intends to provide a means for content creators to earn a living by adding value to the multiple social interactions they participate in and their talents.
The current generation of social media networks is infrastructure-focused. Hence, they cannot keep up with the ever-growing needs of modern society. Persystic (PSYS) is rethinking the idea of the cyber-physical junction to facilitate more intimate social connections. By using a system that is accessible to everybody, transparent, independent, and safe.
The platform intends to transform how humans and technologies connect to derive value from their data. By establishing a new idea as the “value of people,” or simply VoP for short. In addition, the platform will introduce a tokenization system on the site.
It believes that a decentralized reputational mechanism can allow artists and business people to test the viability of their artistic business plans before releasing them to the public. This provides a high degree of assurance that the content they produce is valuable and has the potential to be successful.
Persystic (PSYS) envisions expanding access to social media networks so that consumers and content providers can benefit from increased business opportunities and wealth generation. The platform also intends to provide creators with the right to ownership of their work and incentivize them. Besides this, Persystic (PSYS) is enacting a policy known as the “right to be forgotten”, which gives users a choice whether or not they want their content to be stored on Persystic.
And for the desert, Persystic (PSYS) offers its early investors a chance to have free bonuses in multiple ways. Like, if you refer a friend and spend $50 on purchasing the token, you will get $25. Similarly, if you buy the token for the 2nd time, you’ll get a 50% bonus in PSYS tokens. And on your 3rd purchase, you’ll get a 100% bonus in PSYS tokens.
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