Paycer Community AMA Recap from 2022-April-25
Last Monday we had an internal Live Telegram AMA in which the community asked their questions and some lucky members received a $PCR price. In this post you will find some insights about the questions asked and the answers given.
Richard Vo (Founder & Managing Director) , Nils Gregersen (Founder & Managing Director) , Patrick Charrier (Senior Blockchain Developer), Christoff Berlage (Head of Marketing) , Mahsa Doorfard (Marketing Manager), Austin (Community Moderator) and Adam (Community Manager) were present from the Paycer team.
5 Questions were gathered from the Twitter community and some questions were chosen live during the AMA in Paycer’s Telegram group.
Austin: “the first question is from @Riky41316108 on Twitter: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto projects?”
Nils: “ We currently have 18 team members that are experienced in different fields. We have blockchain, IT, development, design, legal and marketing professionals in our team. The whole team is well prepared for the tasks, but we are also getting more advisors in our user team.”
Mahsa: “On our website https://www.paycer.io there is a Team’s section at the top of the page. If you click on it, you will have access to the names, backgrounds and LinkedIn profiles of our Team members. Our team is passionate about the blockchain industry and have enough experience in the field.”
Adam: “ Moreover, Paycer has an operational-communication squad with over 9 years of IT and 5 years of crypto experience working for the success of the project.”
Austin: “Great. The second Question was asked by @Andrehgmc on Twitter: Currently Paycer Protocol is located on Polygon. Are there any plans to migrate to their own blockchain, or do they intend to remain as a second layer on the Ethereum network?”
Mahsa: “At the moment Paycer is running on polygon but PCR will be launched on most of the EVM chains in the future; BNB chain, avalanche, harmony, etc. We have a Multi-Chain Strategy.”
Nils: “To be exact, we have already built a working blockchain bridge, but since many bridges have been hacked lately, we will spend much more time on further development and testing of the bridge.”
Austin: “Good. Is there any update about integration on BSC?”
Richard: “At the moment we are focusing on our product and offering. As soon as that is up and running, we will migrate to other chains. Otherwise, there is a risk that we will have to do multiple work.”
Austin: “That’s fair. One step at a time creates high quality results. Third Question is asked by @martmei on Twitter: I see a big opportunity in CeDeFi as the masses don't know how to use a wallet or a seed phrase; don't know how gas fees or bridges work, etc. Can you explain how the UX will be for a user in the future? Just register, transfer fiat and the rest will be done automatically?”
Christoff: “Our target is to combine TradFi and DeFi as an easy to use CeDeFi platform that attracts crypto users but also inexperienced retail clients. We are looking forward for Crypto as a whole to onboard the next billion users and to benefit from that adoption, we will create a simplified platform so that everyone can benefit from it. Mass adoption is certainly coming and we will get a good share of new users for our platform.”
Nils: “ CeDeFi will play a major role in the crypto industry in the next time. Also CZ announced this in Dubai at the Binance Blockchain Week.”
Austin: “Fourth Question was asked by @luizmaster13 on Twitter: Do you ever think about new partnerships in the short term? Can you talk about one?”
Patrick: “Our Business Development team is constantly networking with different projects around the world to expand our partnership realm. So much is going on right now and we will announce the upcoming partnerships on our social media very soon. As a little teaser we can say that Paycer has recently bought a building in one of the biggest Metaverse projects and so much more is coming. Follow our social media to get the latest news about partnerships.”
Austin: “I can’t wait. I’m sure some of our members are waiting for the news as well. Moving on to the Last Question from Twitter which was asked by @Amato_btc: Recently, Paycer onboarded some new staff for the Marketing position, could you please state out their Marketing Plans and how they tend to achieve them?”
Christoff: “Paycer’s Marketing team is working on various marketing campaigns at the moment. First of all, the video creation infrastructure has been prepared and we are working on creating educational DeFi content. Paycer’s YouTube channel will get started soon and we are planning to do many video AMAs and interviews with different projects.
Moreover, as mentioned on SoMe, our Marketing team will take part at the OMR Marketing festival in Germany to gain more insights about the acceleration of digital business.
And last but not least, we will launch a very exciting NFT project — connecting the dots between top notch art, utility and DeFi. Marketing will very much move towards supporting that project — this will also benefit PCR token holders in a big way! We want to say thanks in a way to you guys, as you are our first supporters :)”
Mahsa: “We’re so excited for the upcoming news. Stay tuned Paycerians.”
Nils: “We would like to thank again all supporters and the community who are faithfully by our side.”
Austin: “Now we will start the second part of the AMA. The Telegram Group will get open so that you can ask your questions from the team.”
Mahsa: “The chat is closed again. Now the team will choose 5 questions to reply.”
@AlexanderPrado123: “Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?”
Nils: “We will be burning 1,250,000 PCR every months for the next 2 years.”
@Sharlene_Fink_1993: “Do you have a whitepaper? If yes, please share it with us.”
Patrick: “Yes, you can find the whitepaper here: https://paycer.gitbook.io/paycer/documentation/whitepaper”
@lorenzoukr: “Last month you said that “Paycer is in the last stages of negotiations with a bank”: When should we expect final agreement? Will it be German or foreign, private or state owned bank?”
Nils: “Yes we are in the last stages of negotiations for a partnership with a big German bank. However banks are not as fast as crypto and it will take a few more weeks until we have further information to share.”
@lorenzoukr: “Paycer Protocol was added to CoinMarketCap more than 2 months ago; to CoinGecko. more than month ago, but CMC and CG teams have not verified the project’s Circulating Supply, Market Cap yet. And Total Supply are wrong. This kind of stuff could deter many crypto users from investing in project. Do you consider improving this situation?”
Christoff: “These sites are often a bit painful to work with! But I can tell you we are currently developing an update to our analytics page (https://paycer.finance/analytics) that will then also show CURRENT circulating supply and market cap. That will make it easier for people to understand but also for those websites to grab the data.”
@werner532: “Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?”
Patrick: “The tokenomics will make sure there is a constant buying pressure on the token. More details about the tokenomics will be presented sometime in the future.”
@ReyesBurks1994: “I am interested to invest in your project. When and where can I 𝐛𝐮𝐲 𝐲𝐨𝐮𝐫 𝐓𝐨𝐤𝐞𝐧𝐬 ? Is it already listed exchanges?”
Christoff: “Polygon chain on DODO dex and on MEXC exchange. Next chain to be launched will be BSC.”
@ EndaBarfield: “Smart contracts are prone to failure, and many projects fall victim to it, costing user funds and discrediting projects. How reliable and secure are your smart contracts? Did you test it with either party?”
Patrick: “Yes, some of our smart contracts have been audited. You can find the audit results here: https://www.certik.com/projects/paycer.”
- “Any chances you will consider to change the name from Paycer Protocol to Paycer?”
Christoff: “ Paycer is a registered trademark and we will very likely continue with our brand name. For the CeDeFi Platform the main brand is going to be Paycer. although we will change the look and feel to make it more comfortable for non-Defi users.”
Nils: “Big thanks to the community from the whole Paycer team. There will be some important news and updates soon. Stay tuned.”
Paycer’s goal is to aggregate DeFi investments multi-chain and make them available to users without the need for their own wallet nor the expertise. This should allow anyone to generate a passive income in a world where banks no longer pay interest. Hence the Paycer team is developing a bridge protocol for DeFi and TradFi to combine the best of both worlds and make it available for retail clients #CeDeFi. Apart from the technical matters and the creation of a super easy to use final product. The goal is also to create a regulatory framework that allows the legal operation of a DeFi platform within the EU first and subsequently in other regions.
Currently, a DeFi platform is already available on paycer.finance on which Paycer tokens PCR can be claimed and staked. More features will go live soon. At the moment on Polygon but other blockchains will be integrated in the near future. Paycer is also working on a banking partnership to be able to combine DeFi with a traditional bank account. In addition to the development of the DeFi platform, the development of the final consumer product is also in progress.
Be sure to follow Paycer on social media for all the latest updates on product development. We have further exciting announcements to share very soon.