Persystoken (PSYS) is the cryptocurrency used on the Persystic platform, a decentralized community-driven social media network that is the first of its kind. Persystic was created to address the many issues affecting social media today, including unfair monetization policies, privacy and security issues, and more. Persystic uses advanced security measures to ensure that user data remains safe from bad actors such as hackers.
Persystic Token (PSYS) vs Traditional Social Media
Social media platforms are an integral part of how we live our lives today, however, the existing market is dominated by a relatively small number of platforms in which creators and owners have become very powerful.
This has led to issues such as a lack of democracy and transparency in how platforms are run, with a disproportionate amount of benefits going to advertisers and partners rather than the user community.
- Content ownership and monetization
For example, social media networks like Facebook have been criticized for a lack of fairness and transparency in their monetization policies. Creators do not own their content on these platforms and instead give up their rights to the content in exchange for access to the platform and its community of users. Additionally, creators cannot monetize their content on many of these platforms.
On the Persystic social media platform, creators have full ownership of their content. This includes the right to monetization, which means users can earn from the content they produce. This mechanism is also used to encourage the creation and generation of genuine content with Persystic Token (PSYS) rewards.
- Privacy
Privacy is a growing concern with traditional social networks. Many argue that the measures in place to protect user privacy are insufficient and that these platforms exploit user data which is then resold and shared with third parties such as advertisers. Often users agree to the mandatory terms and conditions required to access these platforms without reading or fully understanding the policies.
There is also an absence of right-to-erasure mechanisms, which means that content posted on these platforms is stored on company servers indefinitely and users have no way to delete it.
At Persystic, user privacy is of the utmost importance and the platform has been created in such a way that it does not steal or share user data with unwanted third parties. Additionally, users can request that their content be permanently removed from the platform in accordance with European “right to be forgotten” laws.
What is Persystic Token (PSYS) used for?
Persystic Token (PSYS) is a BEP20 cryptocurrency built on the Binance Smart Chain and it is used for utility purposes in the Persystic ecosystem. Its main uses include sending and receiving cryptocurrency transactions between users, trading with users of other cryptocurrencies and fiat currencies, as part of the rewards mechanism to incentivize content creators and purchase of content licenses.
A total of 3 billion Persystic Token (PSYS) will be minted.
Token Distribution Model:
- Founders: 20%
- Early contributors: 10%
- Marketing promotions: 5%
- Advisors and team: 5%
- Cash and staking rewards: 60%
Disclaimer: This is a paid publication and should not be considered news or advice.
Persystoken (PSYS) is the cryptocurrency used on the Persystic platform, a decentralized community-driven social media network that is the first of its kind. Persystic was created to address the many issues affecting social media today, including unfair monetization policies, privacy and security issues, and more. Persystic uses advanced security measures to ensure that user data remains safe from bad actors such as hackers.
Persystic Token (PSYS) vs Traditional Social Media
Social media platforms are an integral part of how we live our lives today, however, the existing market is dominated by a relatively small number of platforms in which creators and owners have become very powerful.
This has led to issues such as a lack of democracy and transparency in how platforms are run, with a disproportionate amount of benefits going to advertisers and partners rather than the user community.
- Content ownership and monetization
For example, social media networks like Facebook have been criticized for a lack of fairness and transparency in their monetization policies. Creators do not own their content on these platforms and instead give up their rights to the content in exchange for access to the platform and its community of users. Additionally, creators cannot monetize their content on many of these platforms.
On the Persystic social media platform, creators have full ownership of their content. This includes the right to monetization, which means users can earn from the content they produce. This mechanism is also used to encourage the creation and generation of genuine content with Persystic Token (PSYS) rewards.
- Privacy
Privacy is a growing concern with traditional social networks. Many argue that the measures in place to protect user privacy are insufficient and that these platforms exploit user data which is then resold and shared with third parties such as advertisers. Often users agree to the mandatory terms and conditions required to access these platforms without reading or fully understanding the policies.
There is also an absence of right-to-erasure mechanisms, which means that content posted on these platforms is stored on company servers indefinitely and users have no way to delete it.
At Persystic, user privacy is of the utmost importance and the platform has been created in such a way that it does not steal or share user data with unwanted third parties. Additionally, users can request that their content be permanently removed from the platform in accordance with European “right to be forgotten” laws.
What is Persystic Token (PSYS) used for?
Persystic Token (PSYS) is a BEP20 cryptocurrency built on the Binance Smart Chain and it is used for utility purposes in the Persystic ecosystem. Its main uses include sending and receiving cryptocurrency transactions between users, trading with users of other cryptocurrencies and fiat currencies, as part of the rewards mechanism to incentivize content creators and purchase of content licenses.
A total of 3 billion Persystic Token (PSYS) will be minted.
Token Distribution Model:
- Founders: 20%
- Early contributors: 10%
- Marketing promotions: 5%
- Advisors and team: 5%
- Cash and staking rewards: 60%
Disclaimer: This is a paid publication and should not be considered news or advice.