New Whitepaper Released: paper.psifi.app
Hi PsiFi community and valued investors!
We are thrilled to share our progress and achievements over the past month of May, 2024. May has been an incredibly productive and transformative period for PsiFi, with significant milestones reached that pave the way for a bright future.
Reviewing our April updates we outlined several key objectives we aimed to accomplish in May, including completing the alpha version v1 of Psift, launching sign-ups and a referral program, applying for our Apple developer account, hiring a new marketing team, planning a token presale, and attending multiple conferences. We are proud to announce that we have successfully delivered on these promises and goals.
Here’s a detailed recap of our major accomplishments and what you can look forward to:
1. Launch of Psift
We are excited to announce the official launch of Psift, the name of our app. Psift represents a major leap forward in simplifying digital payments, making crypto transactions as straightforward as sending $20, regardless of the underlying token or network — and it’s all free 🤯.
2. Completion of Psift Alpha Version v1
The alpha version v1 of our app, Psift, is now complete. This milestone is crucial in our mission to revolutionize digital payments, providing users with an intuitive and seamless experience.
3. Successful Sign-Up Launch
Our sign-up for Psift at psift.com has garnered over 90 registrations in just a few weeks. The enthusiasm and support from our community have been overwhelming and motivating. This strong initial interest validates our vision and encourages us to continue enhancing the user experience.
4. Launch of Referral Program
We introduced our referral program, allowing users to skip the line by inviting friends and family. This initiative has been well-received, driving even more interest and engagement. The referral program not only rewards our early supporters but also helps us expand our user base organically.
5. Apple Developer Account Granted
Great news! Our Apple developer account has been granted. We are set to launch our Alpha app on TestFlight in June for select investors and early supporters, making it accessible to a broader audience for testing and feedback. This step is crucial for refining the app based on real user experiences and preparing for a public release.
6. New Marketing Team Onboard
We have welcomed a new marketing team that will help us push our strong narrative in the coming weeks and months. Their expertise and energy are already making a difference, and we are excited about the campaigns and strategies they are implementing. This will significantly boost our visibility and engagement across various channels.
7. Upcoming Token Presale
We are gearing up for another token presale in the coming months. While the exact date is yet to be confirmed, preparations are in full swing, and we will keep you updated. This presale is an excellent opportunity for our community to support our growth and benefit from early access to our tokens. As a reminder, we completed a successful utility token presale of $200,000 which closed in just 2 days!
8. Publishing of Articles and Technical Deep Dives
Our commitment to transparency and education continues with the publication of multiple articles and technical deep dives. These pieces provide insights into our technology and vision, helping to keep our community informed and engaged. Stay tuned for more detailed analyses and updates on our blog and Medium page.
9. Advancements in Tokenomics
We have launched the full details on our tokenomics at token.psifi.app. Our research team is working diligently to ensure our tokenomics model is robust and sustainable, adding significant value to our ecosystem.
10. New Technical Series Launched
We have launched a new technical series detailing how Psift works under the hood. The first article is available here (and part 2 is out as well; follow us on medium.psifi.app to keep up to date): Under the Hood of PsiFi: Seamless Crypto Transactions Made Simple (Part 1). This series aims to provide a deeper understanding of our technology and its potential impact.
11. Successful Conference Participation
We attended multiple high-profile conferences, including Token2049, ETH Dubai, and Consensus (Jesper posted a video). These events were highly successful, enabling us to meet and collaborate with potential partners and stakeholders. The connections made at these conferences will play a vital role in our strategic growth and partnerships.
12. High-Value Deals
We have secured a few high-value deals that, although currently under wraps, will be revealed in detail soon. These deals are poised to enhance our platform and provide substantial benefits to our users. These partnerships are critical for expanding our capabilities and offering more value to our community.
13. On- and Offramp Partner Finalized
After thorough evaluation, we have finalized our on- and offramp partner (to be announced when fully integrated and launched). This partnership is crucial for providing seamless and efficient transactions within our ecosystem. It ensures that users can easily convert between cryptocurrencies and fiat, enhancing the usability of our platform.
14. Upcoming Attendance at ethCC
We will be attending ethCC in June. If you’re there, please come say hi! It’s a great opportunity to connect and discuss our vision and progress. Conferences like ethCC are invaluable for staying at the forefront of industry trends and networking with key players in the crypto space.
15. Development of Psift Alpha Version v2
Our team is already hard at work on the next version of the alpha (v2), incorporating feedback and new features to enhance the user experience. Continuous improvement is at the heart of our development philosophy, ensuring that we deliver the best possible product to our users.
As we move forward, our commitment to innovation, transparency, and community engagement remains steadfast. Here are our key objectives for June:
1. Make Alpha v1 Available in TestFlight
We will be making the alpha version v1 of Psift available on TestFlight. This will allow a broader audience to test the app and provide valuable feedback.
2. Make Alpha v1 Available as APK
In addition to TestFlight, we will also make the alpha version v1 available as an APK for Android users, expanding our testing base and gathering more comprehensive feedback.
3. Begin Getting Feedback for Our Potential Upcoming Seed Round
We will start collecting feedback for our potential upcoming seed round. Engaging with our community and potential investors early on will help us refine our pitch and strategy.
4. Finalize the Features to Go into Alpha v2
We will be finalizing the features to be included in the next version of the alpha (v2). Our focus is on making PsiFi a global payments platform that can send money globally — any token, any currency, to anyone, anytime, anywhere.
As we move forward, our commitment to innovation, transparency, and community engagement remains steadfast. The journey ahead is filled with exciting possibilities, and we are grateful for your continued support and belief in PsiFi’s vision. Stay tuned for more updates and join us as we revolutionize the future of digital payments.
Stay connected with us on our social channels for the latest news and updates:
Warm regards,
Jesper, the PsiFi Board, and the broader PsiFi Team
