Despite the large number of cryptocurrencies and digital assets on the crypto market today, it can be very difficult to find cryptos that perform actual real-world functions and solve problems associated with our everyday life. Persystic token (PSYS), Solana (SOL), and Cronos (CRO) are some of the few cryptocurrencies on the market today that have actual uses in the real world.
Persystic Token (PSYS) is Decentralizing Social Media
The Persystic token (PSYS) is the token that powers the Persystic platform which has the intention of establishing and creating a common thread, connection, and communication route between influencers and celebrities and their social media networks to facilitate and enhance the growth, development, and empowerment of their enterprise. The Persystic token (PSYS) powers the Persystic platform and ultimately the Persystic ecosystem by utilizing social media networks and its applicable classifications of the Internet of Things (IoT) and the Internet of People (IoP).
The major limitation of the current generation of social media networks is that they are focused mainly on infrastructure and because of this, it is difficult for them to keep up with the ever-changing trends of the world’s modern society. The Persystic team intends to solve this problem by rethinking and redefining the idea of cyber-physical convergence. The Persystic team believes that the Persystic platform will create and enhance the social connections created in today’s society and make them more intimate as the platform is safe, independently verifiable, accessible to all who use it, and be transparent in its workings and activities it partakes in.
The Persystic token (PSYS) will be a BEP-20 standard token built on the Binance Smart Chain (BSC). The Persystic team chose this Smart Chain because it is faster, promotes smart contracts functionality, and is compatible with the Ethereum (ETH) blockchain via the Ethereum Virtual Machine (EVM). This means that the token is compatible with other ERC-20 standard tokens and can be exchanged with these tokens easily. The Persystic token will have a total supply of 3 billion units. Information about the Persystic token economics is contained in its whitepaper.
Solana (SOL) is Promoting Scalability
Banking on the permissionless nature of blockchain technology, Solana (SOL) is a decentralized open-source protocol that was created to provide solutions to the problems and limitations that the decentralized finance (DeFi) industry is experiencing. The Solana (SOL) protocol was also designed to aid the creation and operation of decentralized applications (dApps) and improve scalability in the crypto and digital asset industry.
The Solana (SOL) network is focused on scalability and it achieves this by securing its network with a special consensus mechanism known as the Proof-of-History (PoH) consensus mechanism combined with the network’s underlying Proof-of-Stake (PoS) mechanism. The SOL token is the main token of the Solana (SOL) network and it has a circulating supply of 342 million units.
The Cosmos (ATOM) Project’s Principles
The Cosmos (ATOM) project is a scalable platform whose main purpose is to solve the major problems that plague the decentralized finance (DeFi) world. Cosmos (ATOM) considers consensus mechanisms like the Proof-of-Work (PoW) utilized by major blockchains like Bitcoin (BTC) unscalable, slow, and harmful to the environment, therefore, Cosmos (ATOM) intends to provide an antidote for consensus mechanisms like this by offering a decentralized ecosystem of many connected blockchain networks.
The Cosmos (ATOM) project also aims to make blockchain technology less complicated for creators and developers of decentralized services by introducing a modular framework that explains what decentralized applications (dApps) are all about. The Cosmos project is powered by the ATOM token which has a circulating supply of 286 million tokens.
Persystic Token (PSYS);
This is a paid press release. ATZCrypto does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. ATZCrypto is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.