Altcoin News Podcast | Gate.io

American Style Options|PsyOptions|Altcoin Gems #20

January 13, 2022 Gate.io Season 1 Episode 20
Altcoin News Podcast | Gate.io
American Style Options|PsyOptions|Altcoin Gems #20
Show Notes

Gate.io Altcoin Gems #20: 


"Money never sleeps. Thanks for tuning in."


PsyOptions’ first product is an American style options protocol built on the Solana blockchain. The principles that have guided the architecture and development of the core protocol are flexibility and composability. 

 

PsyOptions aims to bring a TradFi feel to DeFi by building a decentralized, permissionless, and community-owned financial services platform. 


$PSY is purely a governance token. Collectively, holders of $PSY have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the DAO. This allows $PSY holders to create incentives to reward participation and drive usage of the protocol.


The Max Supply of $PSY tops 1 billion while Circulating Supply tops 62,000,000. Specifically, the $PSY Token breakdown is: Team/Contributors/Advisors accounts for 15%, Private Rounds accounts for 12%, IEO accounts for 3%, DAO Treasury accounts for  60%, External Contributor Fund accounts for 8%, and $PSY Liquidity Provisions accounts for 2%.


Gate.io Startup will launch PsyOptions ($PSY) on January 18th, 2022 at 04:00 AM (UTC).

StartupLink: https://www.gate.io/startup/375/


*Disclaimer: The information presented in this podcast is for informational purposes only. Trading cryptocurrencies comes with high risks, so make sure to do your own research before committing your capital to any investment.


Music: BGM (Pixarbay)

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