Post
Topic
Board Tokens (Altcoins)
Re: [ANN][DEFI & CEFI] Psyche.Cash | The Future of DeFi | Private sale
by
koang
on 24/03/2021, 07:41:44 UTC

Does it mean that they can't stabilize their value at supposedly $1? So this kind of stable coin which is not pegged to real USD assets, shows that the algo can't help with them in attaining their target value of $1. Maybe, I am missing something, but it seems that they are having hard time here for this project to achieve their main objective of getting its price to $1. Let alone finding a good exchange for this stablecoin.

Yep, Even though there is progress that has been made by this project but to say that psyche is a stablecoin is not quite right. Is still wishful thinking.
And I'm also not sure the team has enough funds to list psyche on a good exchange.