Psychic Finance — A Crypto Farming And Predictive Market With a Difference

4 min readJan 26, 2021

With different options to make a passive income nowadays on the crypto ecosystem, yield farming seems to top the list. Yield farming is a viable way of generating passive income with your cryptocurrencies. When you farm on a crypto protocol, you will earn interest from your investment.

While hundreds of crypto projects support yield farming, one platform going the extra mile in doing so is our project Psychic Finance. This Binance Smart Chain project is user-driven and would reward you with the PSY token for farming on its network.

What is Psychic Finance, and how is it different from other yield farming protocols? Read on to find out!

What Is Psychic Finance?

Psychic Finance is Binance Smart Chain project that combines NFT and innovative farming to offer crypto enthusiasts the best-in-class crypto farming experience. It consists of 3 different markets using the Binance Smart chain. These Markets include NFT, Farming, and Predict.

The PSY Token

PSY is the native token of the Psychic Finance network. It is used to pay for goods and services on the Psychic Finance network. Users can also use this token to pay for transaction fees.

If you are a registered user of Psychic Finance, you can stake your PSY LP token to earn returns on investment in PSY. You can even increase your earnings by participating in the prediction market using the tokens you earned.

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The PSY Staking & Points

Points can be accumulated by staking PSY. With Points, users can purchase random cards.

Here is the breakdown of the staking points system:

100 PSY = 0.2 points per day
*1 pts = purchase 1 random card
Max staking 5000 PSY
Min staking 10 PSY

Prediction Market

Predictive market combines NFT cards and gaming elements.
You can predict the future on the topics of politics, economy, everyday sports, and the prices of virtual currency and generate profits through betting.

The psychic market is a place to predict the future and bet on topics such as politics, economy, and crypto.
One prediction voting proceeds in the order of voting opening, player bet, report, settlement.
Users can act as creator, referee, and betting players with PSY tokens

Players bet and bets lost will go to winning bets.
By holding a reward card purchased from the psychic market, players can receive more reward.

For example, Bitcoin at $100,000 in 2021?
After betting yes or no, PSY token reward is given to the winner.

The creator registers prediction , and the actual betting begins after get some upvote and three referees apply.

After the end of the betting period, the referee will upload a link proving the result.

If open case does not exceeds a certain ratio within 24 hours after referee upload link, the reward is distributed to the winners.

If open case occurs, a new referee will be formed and the results will be reviewed after successful betting is completed, rewards will be given to players, creator, referee, whale and card holders.

The winner reward accumulates a certain amount of bets and top ranking users will get rewards each week.

Betting earlier will give players more rewards

Psychic Market

Psychic market is an NFT marketplace where users can buy/sell NFT cards with PSY tokens.

How to get an NFT card?

1) After acquiring points through PSY staking, points collected can be used to open a random card

2) NFT cards can also be purchased directly from the Psychic Market with options of BUY NOW or AUCTIONS.

Users can decide to hold or sell their card

1) Users can use card in Predict Market for reward (hold)

2) Or sell the cards for profit through resale in the Psychic Market (sell)

Cards are divided into 2 types:

LEVEL cards and ROLE cards which have different reward values.

Rarity of cards will affect the rewards. The higher the rarity, the more rewards you get.

How Can The Project Benefit Me?

Some of the reasons why you should be a part of the Psychic Finance project are:

1. The prediction market is fun, as it consists of betting, list prediction, game voting, results, and payments.

2. Participants can serve as referees, predictive registrants, and betting executives.

3. You must purchase a card to be considered to serve as a judge.

4. You can raise an objection if you feel the results of the prediction is unfair. Your objection should be raised within 24 hours from the moment the result was announced.

5. The more PSY tokens that you hold, the more rewards the participant can get.

Card Types Available:

1. common

2. uncommon 1 star

3. rare 2 star

4. epic 3 star

5. legendary 4 star

6. mythic 5 star

7. creator

8. referee

9.whale

10. other fun card for card holders

Token Economics

Token Name: Psychic Token

Token Symbol: PSY

Decimal: 18

Contract address: 0x8dbc995946ad745dd77186d1ac10019b8ea6694a

Token Allocation

1)PSY token

Founder Team: 500,000(400k Locked)

Marketing & Development: 500,000

Farming: 50,000,000

Road Map

First Quarter (2021)

- Presale Round 1 (limited nft card edition)

- CoinGecko Listing

- Presale Round 2 (limited nft card edition 2)

- CoinMarketCap Listing

- Promotions and Marketing

Second Quarter (2021)

- Psychic NFT launch

- OpenSea.io Marketplace

- Further Marketing Drive

Third Quarter (2021)

- Predict Market launch (beta)

Reward per block:

- 1 token per block

Pool list:

1.PSY/BNB (LP)

2.PSY/BUSD(LP)

3.PSY/CAKE (LP)

Further details below:

🌏Telegram Channel: https://t.me/psychic_notice

🌏 Telegram Group:https://t.me/psychic_finance

🌏 Website: https://www.psychic.finance/

🌏 Medium: https://psychicfinance.medium.com/

🌏 Twitter: https://twitter.com/FinancePsychic