Place/Date: - August 31st, 2022 at 3:03 pm UTC · 3 min read
Source: Persystic Token
When security is being mentioned in the crypto space, Solana (SOL) is one platform that offers security to its users, but is it possible that Persystic (PSYS) could overtake Solana (SOL) at one point?
Persystic (PSYS) is a tokenized mixed social media platform that will allow people to communicate with one another and build communities based on a democratic principle and freedom of expression.
There are always boundaries that should not be crossed even on social media but Persystic (PSYS) wants to give power to their users and not do things like censoring their users because they have a contrary opinion which is a norm for other platforms.
The platform’s token will be used as the primary driving force behind the Persystic ecosystem. The users of the platform will be able to send and also receive earnings for their original content created on the platform.
Persystic (PSYS) will open a new door to a world where privacy policies are not created to steal the privacy of their users.
The internet of things (IoT) and the Internet of People (IoP) can both be applicable classifications for describing Persystic (PSYS).
This platform is being developed to provide a means for content creators all over social media to earn a living in a manner that is legal and also ethical by also adding value to the countless social interactions they partake in.
Persystic has a plan to rethink the idea of cyber-physical convergence to help facilitate more intimate social media connections with the use of a system that is accessible to everybody, transparent in all functions, independently verifiable, and also safe.
This platform represents a fundamental transformation in the way humans and technologies have been connecting in the bid to derive value from their data.
The native token of this platform is a BEP-20 token that was carefully built to help facilitate transactions on the Persystic Token (PSYS) platform.
The transactions can be carried out on the Persystic Token (PSYS) platform. Persystic which acts as its native token can also be bought or traded on major cryptocurrency exchanges.
This platform has a chance to become a standardized and decentralized social media platform, this is so because the BEP-20 token standard is compatible with the ERC-20 token standard. For this reason, users on other platforms built with ERC-20 can also interact and transfer tokens without any obstructions.
Solana (SOL) is second only to Ethereum and is a well-built token. Solana (SOL) is a platform that can boast of its security as it is known to be one of the most secure crypto networks in existence, which is just alongside its speed. Persystic Token (PSYS) getting to the level of Solana (SOL) would be a great boost in the platform.
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