Persystic Token (PSYS): Blockchain Network is becoming the Solana (SOL) of social media
In the wake of the crypto crash, new blockchain solutions for relevant problems have emerged.
While these new blockchains face the risk of being submerged in the tumultuous waves of the bear market, a few of them will survive. Persystic Token is a new blockchain solution to social media’s problems, but will it persist like Solana (SOL) has?
Persystic Token (PSYS) enters the cryptosphere
Persystic Token is a decentralized social media blockchain platform that aims to solve common problems most traditional social media platforms face today.
Like Solana (SOL), created to counter Ethereum’s backlash, Persystic will address the challenges faced by popular social media platforms such as Facebook, Instagram and others.
One of the most relevant issues facing some social media platforms is the lack of financial incentives for creators. Creators tend to earn very little from content they upload to some social media platforms, while the platforms themselves make a killing on views.
Another problem many social media platforms face is a lack of privacy. With the amount of information shared on social media platforms, it is easy for hackers and impersonators to gain access to it.
Furthermore, some social media platforms often share this information with third-party services that use this data for reasons best known to them.
In addition, fake content, censorship and inadequate data security mechanisms plague many social media platforms today. And with all these issues, it can be quite troublesome for users who respect their privacy but still want to enjoy the benefits of social media. So Persystic has been created to solve these problems.
The Persystic social media blockchain network will enable creators to monetize their work with its Binance Smart Chain-hosted native token, PSYS. They will earn a certain amount of this token from each view they get, and people who buy licenses to share their content will have to pay royalties.
Persystic will combine blockchain features such as data security, peer-to-peer transactions and decentralization to create a social media platform.
Persystic will also offer bonuses to users of the platform. Buying Persystic tokens with Ethereum (ETH) and Solana (SOL) gives you a 9% bonus.
Persystic will ensure that private conversations are genuinely end-to-end encrypted and that hackers or the authorities do not have access to them.
With these innovative features, reminiscent of Solana’s pioneering proof-of-history mechanism, Persystic shows great potential to reach widespread use soon.
So buying the PSYS token when it launches is a great way to secure value-based returns when the bear market is over.
Why Solana (SOL) is so profitable
Solana (SOL) is an open source, decentralized blockchain network that allows developers to deploy scalable decentralized applications. Solana (SOL) was created by Anatoly Yakovenko in 2017 and launched in 2020.
Solana offers an innovative alternative to the unscalable proof-of-work mechanism that first-generation blockchains such as Bitcoin and Ethereum use.
Solana uses a proof-of-history mechanism built on an underlying proof-of-stake protocol that makes the platform infinitely scalable.
This mechanism allows any decentralized application to be built on Solana’s blockchain without worrying about scalability or speed. Furthermore, Solana is powered by its native token, SOL, which helps execute smart contracts.
Solana (SOL) now generates billions of dollars daily in trading volume and is one of the most widely used blockchains in the DeFi space. Although SOL’s price has been hit by the fall in cryptocurrency prices, it is an excellent idea to buy it as it will increase in value once the bear market is over.
Persystic is the Solana-like solution to traditional social media issues. With its features, it can only gain widespread adoption soon. So buying the token, PSYS, along with SOL, Solana’s cryptocurrency, is a great way to secure future returns.
Persystic Token (PSYS)
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