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Psyoptions Ico Review: It Is Safe Or Legit Ico?

Bixer Simond by Bixer Simond
27/03/2024
Psyoptions Ico Review: It Is Safe Or Legit Ico?
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About Psyoptions

PsyOptions 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. It is completely trustless. The core protocol makes no assumptions on how the options should be traded or priced. Options are represented as SPL Tokens, which means they can be traded on any DEX that supports SPL Tokens.

SIF TOKEN Key Information

KeyPoints
Token NamePsyOptions
Token SymbolPSY
Support24/7
Fundraising GoalN/A
Total supply10000000%
AcceptUSDT, FTT, USD
Social SupportJoin us on Telegram
AccessPublic
CallN/A
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

How it works

Writing an option

To write an option, one must lock the underlying asset in the amount specified by the option market. For a SOL/USDC option with underlying asset size of 100, 100 SOL would be locked in order to mint the option token. The option writer will receive two SPL Tokens. One represents the option, which the user may sell to generate yield. The other represents the written contract (the claim on the underlying asset) and can be exchanged for the underlying asset post expiration.

Exercising an option

Holding an option token pre expiration gives the user the ability to exercise by swapping the quote asset for the underlying asset. Whether the option is in the money or out of the money, it’s completely up to the token holder whether or not to exercise. When exercising, the exerciser locks [strike price * underlying asset size] worth of quote asset, burns the option token, and receives the underlying asset.

How to Participate?

Register your FTX account and submit KYC level 2. Due to a large inflow of new sign-ups, any account that signs up past 13:00 UTC Jan 11th 2022 will not be guaranteed entry into the Sale. There is no guarantee of your right to participate in the Sale or to receive any allocation.

Set an alarm in advance: the Sale starts at 13:00 UTC, Jan 18th. Prepare funds to bid: at least 500 USD(T), and at most 600 USD(T) and 5 FTT per ticket You will have one hour to bid: between 13:00 UTC, Jan 18th and 14:00 UTC, Jan 18th. Buy/Stake FTT to lock in your additional ticket allotment 24 hours before the Sale. This means before 13:00 UTC, Jan 17th. Await results.

Mission

PsyOptions aims to bring a TradFi feel to DeFi by building a decentralized, permissionless, and community-owned financial services platform. Our vision is to not only provide users with a decentralized options trading platform, but to become the de facto on-chain financial services platform for DeFi users across the globe. The initial options protocols are simply the first step along the path of building towards this goal.

Solana Block-chain Foundation

The options are limitless.

PsyOptions aims to become one of the foundational DeFi primitives on the Solana blockchain by offering completely trustless American style options for any SPL token.

Providing this clearing house infrastructure to the Solana ecosystem will allow for increased composability between protocols, helping teams align incentives between themselves, their investors, their community members, and more.

Treasury Management

PsyOptions can be a lucrative strategy for treasury management. Partner with us to make liquid option markets on your token. They can tailor an appropriate strategy to your needs that focuses on.

  1. Greater decentralize your token holders as speculators or other participants exercise option contracts.
  2. Generating residual funding through premiums collected and exercises made.

Option Airdrops

Increase foundation funding and reduce sell pressure by airdropping options to your community. PsyOptions physically settled options can help align incentives with community and team members, while protecting the foundation from those who are only opportunistic.

Tags: How To Login PsyoptionsHow To Signup PsyoptionsPsyoptions Ico
Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .