What is PSYDAO(PSY)?

Basic information about PSY

Coin name:

PsyDAO

Coin symbol:

Coin introduction:

PsyDAO is a bioDAO incubated by Molecule and accelerated by bio.xyz developing intellectual property to advance psychedelic science. Initiated in 2022 by members of the founding teams of VitaDAO, Molecule, and Gitcoin, PsyDAO uses IP tokens including IP-NFTs and fungible IPTs in order to build an onchain portfolio of psychedelic IP. Membership in PsyDAO is open to anons, pseudonymous participation is encouraged, and privacy protection is paramount. Knowledge and research can be shared with zero knowledge of the identity of the sender or recipient. PsyDAO utilizes new open-source models for IP tokenization, IPNFTs,and IP rights distribution, with ethical encumbrances, through fungible tokens. PsyDAO intends to be a hivemind - a literal collective consciousness for the ethical development of psychedelics. The goal of PsyDAO is to redesign incentives and access from the bottom up - focusing on people (patients, recreational users, and spiritual communities), as opposed to centralizing ownership within organizations that have intrinsically misaligned incentives.

Current Price:

$0.004125More coin details

All-time high:

$0.82

All-time low:

$0.002403

PSY Supply Info and Tokenomics

Circulating supply:

38,965,748

Total supply:

102,334,155

Max supply:

102,334,155

Market cap:

$160.75K

Fully diluted valuation:

$422.18K

What is the outlook and future value of PSY?

The current market cap of PSY is $160.75K, ranked 5991 in the market, showing that the market already recognizes the value of PSY. When a bull market arrives, the market cap of PSY may continue to grow.

Moreover, if PSY can play a greater role in real-world applications—such as if the Monero developers can fully empower PSY and establish partnerships with more business partners to expand its user base—then the long-term value of PSY will be further enhanced.

What is the price of PSY in 2027?

According to the historical price performance prediction model of PSY, the price of PSY is expected to reach $0.004332 at 2027.

Note: As with any crypto investment, investors should closely monitor PSY’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get PSY?

Purchasing PSY with cash is not the only way to obtain PSY. If you have enough time, you can get PSY for free.

Learn how to get Hot rewards for free with PSY.

Earn free PSY by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get PSY airdrops for free.

All crypto airdrops and rewards can be exchanged for PSY through LBank spot trading.

Buy PSY starting from $1

What is PSY used for and how to use it?

The use cases for PSY may grow with the development of the crypto market and project progress. Currently, you can use PSY to:

Arbitrage trading of PSY

PSY is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many PSY trading pairs to suit your needs.

Earn yield with PSY

You can also lend out PSY or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your PSY gains.

Send or pay with PSY

If you want to pay someone with PSY, you can easily and quickly send PSY to them using their receiving address.

You can also visit the official website of PsyDAO to learn more use cases of PSY, such as whether the PsyDAO project supports community/eco apps or buying physical or virtual goods with PSY.