In the wake of the crypto crash, new blockchain solutions to pertinent issues have been rising.
While these new blockchains face the risk of being submerged in the tumultuous waves of the bear market, a couple of them will survive. Persystic Token is a new blockchain solution to social media’s problems, but will it persist as Solana (SOL) has?
Persystic Token (PSYS) Is Entering The Cryptosphere
Persystic Token is a decentralised blockchain social media platform that aims to solve common issues most traditional social media platforms today face.
Like Solana (SOL), created to step up to Ethereum’s setbacks, Persystic will rise to the challenges popular social media platforms like Facebook, Instagram, and others face.
One of the most pertinent issues some social media platforms face is their lack of financial incentives for creators. Creators tend to earn very little from content they upload on some social media platforms, while the platforms themselves make a killing from views.
Another issue many social media platforms face is a lack of privacy. With the amount of information shared on social media platforms, it’s easy for hackers and impersonators to access them.
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, false content, censorships and inadequate data security mechanisms riddle many social media platforms today. And with all these issues, it can be pretty troublesome for users who respect their privacy but still want to enjoy social media’s benefits. So, Persystic has been created to solve these issues.
The Persystic social media blockchain network will enable creators to earn money from their work with its Binance Smart Chain-hosted native token, PSYS. They’ll make a certain amount of this token from every view they get, and people who purchase licences to share their content will have to pay royalties.
Persystic will combine blockchain features such as data security, peer-to-peer transactions, and decentralisation 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) earns you a 9% bonus.
Persystic will ensure that private conversations are genuinely end-to-end encrypted and that hackers or the government don’t have access to them.
With these innovative features, reminiscent of Solana’s breakthrough proof-of-history mechanism, Persystic shows a lot of potential to reach widespread adoption 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, decentralised blockchain network that allows developers to deploy scalable decentralised applications. Solana (SOL) was created by Anatoly Yakovenko in 2017 and was launched in 2020.
Solana offers an innovative alternative to the unscalable proof-of-work mechanism that first-generation blockchains like 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 decentralised application to be built on Solana’s blockchain without worrying about scalability or speed. Furthermore, Solana is run by its native token, SOL, which helps to execute smart contracts.
Solana (SOL) now generates billions of dollars daily in trading volume and is one of the most used blockchains in the DeFi space. Even though SOL’s price has been hit by the cryptocurrency price plunge, buying it is an excellent idea as it will increase in value when the bear market is over.
Persystic is the Solana-like solution to traditional social media issues. With its features, it may just receive widespread adoption soon. So buying its token, PSYS, alongside SOL, Solana’s cryptocurrency, is a great way to secure future returns.
Persystic Token (PSYS)
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