{"id":4028,"date":"2020-12-29T21:14:13","date_gmt":"2020-12-29T21:14:13","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=4028"},"modified":"2024-10-19T18:40:10","modified_gmt":"2024-10-19T18:40:10","slug":"what-is-psyche-usd1-token","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/what-is-psyche-usd1-token\/","title":{"rendered":"What is Psyche (USD1) Token?"},"content":{"rendered":"\n<p>The popularity of stable coins is not going down. After the first USDT (<a href=\"https:\/\/tokpie.io\/blog\/tether-usd-ethereum-blockchain-usdt\/\">Tether<\/a>), <a rel=\"noreferrer noopener\" aria-label=\"USDC (opens in a new tab)\" href=\"https:\/\/tokpie.io\/blog\/tokpie-lists-usd-coin-usdc\/\" target=\"_blank\">USDC<\/a>, and <a rel=\"noreferrer noopener\" aria-label=\"DAI (opens in a new tab)\" href=\"https:\/\/tokpie.io\/blog\/dai-cryptocurrency-in-the-ocean-of-stablecoins\/\" target=\"_blank\">DAI<\/a>, many new tokens tied to US dollars came to the crypto market. Today, we are introducing the Psyche (USD1) token.<br> This article shortly explains what is USD1 stablecoin and how to trade it on the Tokpie exchange.<\/p>\n\n\n\n<p class=\"has-background has-pale-pink-background-color\"><strong>Update<\/strong>: The project&#8217;s website has stopped working.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Psyche (USD1) token?<\/h2>\n\n\n\n<p>The Psyche (USD1) is an Ethereum based (ERC20) token issued by the Psyche project. The primary usage of the USD1 is to make zero-fee transactions inside the Psyche app. The Crypto community and businesses will appreciate the option to make transactions at no cost, especially if one USD1 value equals 1 USD. For example, companies could broadcast small payments to counterparties without any transactional expenses. But, please be cautious because the price can deviate from 1:1 ratio.    <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Token Name: Psyche <\/li><li>Symbol: USD1<\/li><li>Website has stopped working.<\/li><li>Token total supply: 30,000,000 USD1<\/li><li>USD1 Smart contract address: <a rel=\"noreferrer noopener\" aria-label=\"0xf6c0aA7eBFE9992200C67E5388E4F42da49E1783 (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0xf6c0aA7eBFE9992200C67E5388E4F42da49E1783\" target=\"_blank\">0xf6c0aA7eBFE9992200C67E5388E4F42da49E1783<\/a><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to buy USD1 tokens?<\/h2>\n\n\n\n<p>To buy USD1 tokens for <a href=\"https:\/\/tokpie.io\/blog\/tether-usd-ethereum-blockchain-usdt\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"USDT (opens in a new tab)\">USDT<\/a> (Tether ERC20),  do three simple steps: <\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">Fund<\/a> your account with USDT. Note that you can <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/tokpie.io\/swap\/?crypto=USDT\" target=\"_blank\">purchase USDT with a bank card<\/a> in a few minutes.<\/li><li>Open <a rel=\"noreferrer noopener\" aria-label=\"MDZA\/ETH (opens in a new tab)\" href=\"https:\/\/tokpie.com\/view_exchange\/usd1-usdt\/\" target=\"_blank\">USD1\/USDT<\/a> order book, and place your trade order to <strong>buy<\/strong>. <br>Use this <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a href=\"https:\/\/tokpie.io\/blog\/what-is-psyche-usd1-token\/#How_to_withdraw_USD1_tokens\">Withdraw USD1<\/a> tokens to your personal Ethereum wallet or hold them on the account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to sell USD1 tokens?<\/h2>\n\n\n\n<p>To sell USD1 tokens for USDT (Tether ERC20), follow three steps: <\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/tokpie.io\/blog\/what-is-psyche-usd1-token\/#How_to_deposit_USD1_tokens\">Deposit USD1<\/a> tokens on your account.<\/li><li>Open <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/usd1-usdt\/\" target=\"_blank\">USD1\/USDT<\/a> order book, and place your trade order to <strong>sell<\/strong>. <br>Read the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">Withdraw USDT<\/a> to your personal Ethereum wallet or hold them on your account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to deposit USD1 tokens?<\/h2>\n\n\n\n<p>To deposit USD1 tokens on your Tokpie account follow this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">guide<\/a>. Make sure that you are going to deposit USD1 tokens that relate to <a href=\"https:\/\/etherscan.io\/token\/0xf6c0aA7eBFE9992200C67E5388E4F42da49E1783\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"this (opens in a new tab)\">this<\/a> smart contract address. If you deposit the wrong tokens, Tokpie could not identify your transfer.<\/p>\n\n\n\n<p><strong>Note:<\/strong>&nbsp;Tokpie doesn\u2019t charge any fees for depositing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to withdraw USD1 tokens?<\/h2>\n\n\n\n<p>To withdraw USD1 tokens from your Tokpie account, use this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">instruction<\/a>. You must have an eth compatible wallet address to be able to withdraw tokens. Also, <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">Check the USD1 token withdrawal commission<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Disclaimer<\/h2>\n\n\n\n<p>Please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Useful links<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Psyche project website does not work.<\/li><li>Market pair to trade Psyche (USD1):  <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/usd1-usdt\/\" target=\"_blank\">USD1\/USDT<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/#home__markets\" target=\"_blank\">USD1 trade statistics on Tokpie<\/a><\/li><li>Tokpie\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">trade fees and withdrawal commissions<\/a><\/li><\/ul>\n\n\n\n<p>For any questions or cooperation, you can contact Tokpie at&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/t.me\/tokpie\">https:\/\/t.me\/tokpie<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meet Psyche stable coin and learn how to trade it on Tokpie exchange.<\/p>\n","protected":false},"author":2,"featured_media":4033,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429],"tags":[6,12,15,326,432,743,858,859,860,861,862,863,864],"class_list":["post-4028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-listings","tag-exchange","tag-token","tag-altcoins","tag-stablecoin","tag-listed","tag-usdt","tag-psyche","tag-usd1","tag-withdraw-usd1","tag-trade-usd1","tag-deposit-usd1","tag-buy-usd1","tag-sell-usd1"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Psyche (USD1) Token? 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