What Is Passive Income (PSI)?

Passive Income (PSI) is the term used to describe a revenue stream that requires minimal maintenance in terms of time, money, or a combination of both. According to its whitepaper, Passive Income is the advanced ecosystem that supplies token holders with Income directly from the range of value streams. The network claims that these revenue streams have been developed to be independent of broader market forces and are protected from tampering, abuse, or manipulation.

Passive Income identifies several fundamental issues that most projects have not addressed when looking at the current state of passive yield generation projects. Many projects initially concentrate on generating Passive Income solely via financial transactions, without focusing on their token's utility. This leads to stagnation downfall and ultimately signs the end of the project as it is no longer viable without a high trading volume. Some projects focus heavily on transaction-based revenue generation without building a use-case or utility. These projects favor and stimulate short-term incentives and gains with no long-term goal. Passive Income claims to solve this entire problem by utilizing multiple value streams and a growth-driven approach while also implementing a passive yield generation via transaction volume.

PSI is the native token of the Passive Income network. The network allocated 36.6 percent of the tokens for the pre-sale. The unsold tokens were burned, leaving a total supply of 18,000 PSI. "Burning" a coin refers to the act of transferring a token to an account that can only receive them. This is done intentionally to remove the token from circulation permanently. 6.2 percent of the tokens are reserved for marketing and development costs. Apart from this, there is a 2 percent tax on all trades, out of which 1% is reflected between all other holders, and the other 1 percent is added to the liquidity pool (LP). LP is a collection of funds sealed in a smart contract. A liquidity pool promotes decentralized lending, trading, and other functions. PSI has reserved four thousand tokens for its team. These tokens are planned to be burned between November 2021 and October 2022, with one burn a month.