Blockchain technology is fast becoming the go-to method for generating wealth. Persons with a taste for investment can make a tidy profit trading cryptocurrency. As such, there must be a push for persons to make use of blockchain to create passive income. Psychic Finance is a blockchain-powered platform. They’re now giving crypto fans the chance to grow their income streams. They have introduced yield farming and prediction market services as a way for investors to increase their income.
There is a native Psychic Finance token with the symbol PSY. Users can buy goods and services on the Psychic Finance protocol with the PSY token as well as pay transaction fees. They can also invest their PSY tokens for solid returns with the yield farming option that Psychic Finance offers. Psychic Finance now provides an opportunity for crypto owners to lend their currency to other users in the market. Just like with loans at standard banks, crypto investors can have the expectation of gaining interest when their assets are returned.
Psychic Finance also enables income generation via the prediction market. PSY token holders can earn extra income by joining the Psychic Finance prediction market. There is a stable coin in the community, PSY Power. After betting on the prediction market, the holder of an NFT card can get a prize with PSY Power if he wins. Users are rewarded when predictions that they make about the crypto space materialize. For instance, if a user predicts the growth of a certain cryptocurrency by a certain percentage in a given time, and that prediction turns out to be accurate, the user is rewarded with PSY tokens. The tokens that they earn can be used to buy more NFT prediction cards that can in turn earn them more income. The rewards that are paid out are of course based on the value of the NFT card used.
Psychic Finance differs from other crypto-based platforms with its exciting prediction market. Users can stake bets, make predictions, and engage in voting for profit. Psychic Finance plans to issue more fun and appealing NFT gift cards for game betting. Those who choose to participate can challenge the results of a prediction if they believe it was unfair. Investors can choose their role in the prediction market – acting as betting executives, referees, or simply registering predictions.
About Psychic Finance: Psychic Finance is a blockchain-based platform on the Binance exchange. They provide opportunities for crypto buffs to generate additional income via yield farming, NFT, and the prediction market. The Psychic Finance team is well versed in the workings of yield farming and the prediction market. They bring a wealth of experience to Psychic Finance users and are constantly bringing new ideas to the project.
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