Persystic Token (PSYS) is the cryptocurrency used on the Persystic platform, a community-driven decentralized social media community that’s the first of its sort. Persystic was created to resolve the various points affecting social media right this moment, together with unfair monetization insurance policies, privateness and safety issues, and extra. Persystic employs superior safety measures to make sure that person knowledge stays protected from dangerous actors similar to hackers.
Persystic Token (PSYS) vs Conventional Social Media
Social media platforms are integral to how we dwell our lives right this moment, nonetheless, the prevailing market is dominated by a comparatively small variety of platforms by which the creators and house owners have change into very highly effective.
This has led to points similar to an absence of democracy and transparency in how the platforms are run, with a disproportionate quantity of advantages going to advertisers and companions slightly than the neighborhood of customers.
- Content material Possession and Monetization
For instance, social media networks like Fb have come underneath fireplace for an absence of equity and transparency of their monetization insurance policies. Creators don’t personal their content material on these platforms, and slightly signal away their rights to the content material in return for entry to the platform and its neighborhood of customers. As well as, creators can’t monetize their content material on many of those platforms.
On the Persystic social media platform, creators have full possession over their content material. This contains the best to monetization, which means that customers can earn from the content material they produce. This mechanism can be used to incentivize the creation and technology of genuine content material with Persystic Token (PSYS) rewards.
Privateness has been a rising concern with conventional social media networks. Many argue that the measures in place for safeguarding the privateness of customers are inadequate and that these platforms are exploitative of customers’ knowledge which is then bought to and shared with third events similar to advertisers. Usually customers settle for the obligatory phrases and situations required for accessing these platforms with out absolutely studying or understanding the insurance policies.
There may be additionally an absence of proper to erasure mechanisms, which means that content material revealed on these platforms is saved on the corporate servers indefinitely and customers don’t have any plan of action to take for eradicating them.
On Persystic, person privateness is of the utmost significance and the platform has been created in a manner that doesn’t steal or share person knowledge with undesirable third events. Moreover, customers can request that their content material is completely faraway from the platform in keeping with EU “right-to-be-forgotten” legal guidelines.
What’s Persystic Token (PSYS) used for?
Persystic Token (PSYS) is a BEP20 cryptocurrency constructed on the Binance Sensible Chain and it’s used for utility within the Persystic ecosystem. Its major makes use of embody sending and receiving cryptocurrency transactions between customers, buying and selling with customers for different cryptocurrencies and fiat currencies, as a part of the rewards mechanism for incentivizing content material creators, and buying content material licenses.
In complete, 3 billion Persystic Token (PSYS) can be minted.
Token distribution mannequin:
- Founders: 20%
- Early Contributors: 10%
- Advertising and marketing Promotion: 5%
- Advisors and Crew: 5%
- Liquidity and staking rewards: 60%
Disclaimer: It is a paid publish and shouldn’t be handled as information/recommendation.