Existing passive income models are inherently flawed. For one, they cannot maintain financial viability since most ecosystems solely rely on transaction fees to sustain operations. This lack of real economic activity and the sole reliance on financial transactions typically result in stagnation, negative growth over time, and ultimately, the end of the project.
Passive Income (PSI) is deploying solutions to solve these problems. The blockchain project touts itself as being able to drive passive income through several economic activities. Real use cases translate to a value-based system that enables a sustainable passive income model. The project describes itself as follows:
“PSI is an innovative blockchain token that aims to re-imagine the concept of Decentralized Finance (DeFi) yield generation; we do this by upgrading the concept of yield generation to Decentralized Financial Passive Income generation.”
That being said, the Passive Income ecosystem is made up of three core pillars – Holding, Tokenized Assets, and Financial Services/Yield Generation.
Holding
Tokenized Assets
Financial Services
A Robust Ecosystem for Passive Income
So far, the project has launched its decentralized exchange (PSIDEX) and they will launch their own pre-sale platform (PSIPAD), it’s under development at the moment. Its NFT-as-a-service (NAAS) product was also recently unveiled. Other upcoming products include Marketplace, Lend, Bond, Bets, NFTs, and Tokenized Assets.
Speaking of NFT-as-a-service, the non-fungible token (NTF) industry has experienced significant growth in recent times. From celebrities to entrepreneurs, and even traditional firms, the sector attracted more than $2 billion in the first quarter of 2021.
PSI’s NAAS product will allow real estate companies to tokenize properties. The solution is a one-stop-shop that guides companies from ideation down to implementation. Although real estate is the starting point, the solution could easily extend into the toy market, and renewable energy sector, amongst others.
The blockchain firm has already partnered with Omari estate. More recently, it sealed a deal with the Omni estate group. Omni is the first partner to explore the NAAS product.
Through NAAS, PSI is pioneering Europe’s first NFT real estate marketplace. By integrating tokenized assets that can be instantly traded, yield generators can earn from the best yield-generating real estate assets. For some perspective, data suggests that the global real estate market will grow from $2687.35 billion in 2020 to $2774.45 billion in 2021.
Meanwhile, PSIPAD allows token holders to generate passive income from projects that launch on the presale platform. Furthermore, PSIDEX is the world’s first frictionless yield decentralized exchange. Beyond its unique fee aggregator, governance of the exchange is in the hands of token holders.
Conclusion