Quote from: CaVO32 on March 25, 2021, 08:49:14 PM

Quote from: abderrazak belkhir on March 25, 2021, 03:24:06 AM

Quote from: koang on March 24, 2021, 07:41:44 AM

Quote from: CaVO32 on March 23, 2021, 10:13:14 PM

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.

I think the project still in the beginning and i believe the team have many other things to mad for this project...of course no one will use USD1 as a stable coin on the etc20 network because this will not bring any new feature to the people who want stable asset but once the reflex coin hit exchanges things will be deffrent

I think, they are now finding it hard to implement their algo to be a stable coin in the market. So this will not be the future of DeFi? Wink

How can they use this coin as payment if it is only listed to unknown exchange? Are they going to change strategy here or continue this type of stable coin?

This is what they said on telegram "Psyche is more focus on real-life usage then only being trade in exchanges. The concept of Psyche has come to solve the cross border payments. USDT and USDC are without a doubt very strong coins today but they are not being traded in real life"
But i think the coin must got a good reputation among crypto users first and after that we can think on better things