Paycer Community AMA Recap from 2022-May-25

Yesterday we had an internal Live Telegram AMA in which the community asked their questions and received PCR. in This post you will find some insights about the questions asked and the answeres received.

Richard Vo (Founder & Managing Director) , Nils Gregersen (Founder & Managing Director) , Christoff Berlage (Head of Marketing) & Mahsa Doorfard (Marketing Manager) and Austin (Community Moderator) were present from the Paycer team.

Austin: “ question 1 was asked by @BTC_Kelly on Twitter. Congratulations on the partnership with blocktopia and the successful events party. But I would like to know if the team was able to meet and sign a partnership with new projects that will be willing to work with Paycer, what should we expect from you?”

Mahsa: “As the team are focused on the NFT project and the CeDeFi product, partnership meeting are taking place as well. We are analysing different collaboration opportunities with our potential partners and we have brainstorming meetings. We are committed to delivering tangible results for our community and this is what we are focusing on right now. Just a lil tease; some exciting partnerships are happening in the background that we haven’t announced yet. Stay tuned.”

Austin: “Moving on to the second question. @DamianJablonsky asked the Second Question on Twitter. Do you have any plans to expand to other countries?

Richard: “Definitely! We are looking forward to becoming the leader for the European DeFi platforms and launching different branch offices in different countries. But Our first market will be Germany because most of our core team are based in Hamburg.”

Austin: “An interesting Question by @Bewakuf55 on Twitter. A project’s real success is the stage where it gains Greater attention from Non crypto mass also. So what are the steps taken by Paycer to reach the non crypto users too and bring huge Volume?”

Nils: “Paycer has multiple marketing strategies to increase awareness and help to onboard the next billion users into crypto. Our team will not only join Crypto related festivals and events; but will also be at conferences and seminars of the other industries to attract non crypto users. We we also be offering a full bank account combined with easy to use crypto and DeFi very soon.”

Austin: “ This sound great, best of luck to the team. I know you all have been wondering how Metaverse is related to the Paycer’s mission. Here is a Question to the team, asked by @antokomeng4 on Twitter. what are the benefits of Metaverse for Paycer, I think Metaverse has nothing to do with Paycer’s original purpose so why choose Metaverse?”

Christoff: “This is a really good question. Metaverse, NFT, DeFi and cryptocurrencies are intertwined and have overlaps in many use cases. Paycer as a CeDeFi company has the ability to connect the virtual world of the Metaverse to our real life. Metaverse use cases are way beyond entertainment. Most of the huge companies in the world are working to expand their virtuali services and it is expected to grow much more than the current stage.

Paycer’s financial platforms and the CeDeFi product is still our main purpose and all the other features will help it accelerate faster.”

Austin: “Last Question from Twitter, it’s a common Question in the community since the announcement of Paycer NFT. Thanks to @Swanson_dent has asked How is #NFT related to CeDeFi which is the long term vision of Paycer? What is the motivation behind the Paycer Utility NFT?”

Mahsa: “I suggest you to read this article which is about Paycer NFT: https://paycerprotocol.medium.com/paycer-will-launch-a-ce-defi-utility-nft-that-is-ready-for-metaverse-4e5e6383eee1

You can also watch this video to gain more insights about Paycer NFT: https://youtu.be/eKkN5_L_gYw

To summarise, there is a connection between Paycer NFT and PCR tokenomics. The NFT will add some PCR burn, buy and sell mechanisms. It will open up partnership opportunities in the GameFi industry and it will be the bridge between the Metaverse and the real bank accounts.

Paycer NFT can be the symbol of all the financial services offered by Paycer. Moreover, the NFT sale brings more funds on the table. We believe that Paycer NFT will boost our community and we are ready to welcome the new users.”

Austin: “So it’s time for the second part. the Telegram group will be opened for Questions and the team will choose 5 to answer.”

@ArmandinaSorrell: “Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?”

Richard: “We have a monthly PCR token burnevent. We will include some burn mechanisms in our upcoming Utility NFT. This will be a gamechanger for the PCR token.”

@santos_silver1999: “Does your project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?”

Christoff: “Currently you can get up to 24% APR on your PCR tokens if you stake min. 100k PCR. This is all live on https://paycer.finance/ — and with our upcoming NFT launch you will also get additional benefits from staking at that point.”

@Naoma_Thrasher_1999: “As Paycer Protocol is a project that intends to mix CEFI and DEFI, how will decision-making work on the direction of the Paycer Protocol project?”

Nils: “Well we have to work very close with the regulators and financial entities to develop our products and platform. So a lot of what we do is influenced from that direction. But PCR token holders will also have the option to vote to influence the development of the platform within the legal borders. I hope that answers your questions.”

@Madeline_plunkett: “What strategy will you implement to bring non-crypto-natives into Paycer Protocol ecosystem? How do you keep a balance between developing the technology and also improving the value of PCR token?”

Richard: “Our product offering will have a bank account, crypto wallet and crypto relevant features covering almost everything in one platform. This way none crypto user will get an easy entry.”

@dalton_will_1994: Most investors focus only on the short-term price of th PCR e token instead of the actual value of the project. So what are the benefits for long-term investors in Paycer Protocol project ?

Nils: “We are really creating something huge here and will be one of the few early CeDeFi companies. Our team is public, we are sticking to regulations etc. Our Paycer NFT will also enable some new utilities for the PCR token. And there is a lot more stuff coming soon. So in the mid and long run having some PCR should be a good investment. But I am not giving any investment advice here.”

About Paycer
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.

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