Paycer’s monthly Community AMA took place yesterday on Discord. Nils Gregersen (Founder & Managing Director), Christoff Berlage (Head of Marketing) and Mahsa Doorfard (Marketing Manager) were present from the Paycer team.
This AMA session was a bit different from the former ones. only the PCR holders were allowed to join the channel and ask questions. Here’s a summary of the questions and the answers:
Karateschnitzel: “It is stated on Paycer NFT page that Paycer will be able to provide fully regulated bank accounts, crypto custody, CeDeFi and branded credit cards by end of 2022. is this still in scope for 2022?”
Christoff: “all of these products are related to the neo-bank offering. we are now planning to go live with this at the beginning of 2023. so this won’t be q4 but rather q1, as already planned and project managed with the partner bank.”
Y.M: “Please tell us honestly about the current situation with the project. what is the news, the status of the product, the agreement with the bank, the financial situation of the project and partnerships?”
Mahsa: “Even though we’re not announcing much; a lot is happening in the background. the developers are working 24/7 on Paycer super App and the marketing team have daily meetings to come up with new strategies. We have weekly meetings with our banking partner to plan the next steps. it is a big step and we want it to be special. as we have mentioned before, Paycer is going through a rebranding process. once it is finalised, more content will be produced. We are negotiating with many NFT, gaming and metaverse companies and we will announce them very soon.”
Y.M: “The situation on the market has been difficult for a long time, Paycer’s roadmap has changed due to this (the deadlines have moved) and, I think, financially it has become difficult for the project to fulfill its plans. Do you plan to attract investors and how? If so, what is the situation with it? Do you have “Plan B, C”?”
Mahsa: “it is definitely a hard time for all Crypto or DeFi projects due to the Bear market. there has been some negative news in the market as well which has affected the fluctuations and the mass population’s reactions. our core team has long term plans to keep the project going. Paycer is funded now but we might have new investors in the future.”
Kent: “The DODO liquidity pools end tomorrow. Will we see new pools today, either on DODO or somewhere else, or will there be a gap?”
Mahsa: “New decisions will be made regarding DODO. we might have new pools and alternative options will be considered. you are well aware of the recent problem in the DODO pools but their team has responded very fast to the issue and fixed it.”
Y.M: “What is the situation with the Paycer’s data on the CoinMarketCap? has there been a response from CMC? The team promised to update this page https://paycer.finance/analytics so that we can see Circulating Supply and Market Cap. What is the current Circulating Supply?”
Nils: “I opened a ticket with CMC. I will follow up with them. For the Analytics page I think we can implement that in the near future. currently all devs are blocked with tasks for the NFT and app launch.”
Karateschnitzel: “How many developers are currently working at Paycer and what are your plans when it comes to extending the team?”
Mahsa: “There 5 developers in our team and we’re open to extending the team once necessary. honestly, i can say that each one of them works like 5 employees.”
Karateschnitzel: “Which events is Paycer planning to attend in the future and are any further partnerships with other projects planned?”
Nils: “We will attend finance, web2 and web3 events when we launched our app. We are also planning to have more partnerships.”
Y.M: “what should we expect in the coming months — just wait for the launch of the app? Will socials be as quiet?”
Nils: “We will launch the Paycer NFT; target is November. After that we will focus on the app launch and marketing.”
Karateschnitzel: “Will the NFT already have benefits/utility once launched or are those coming later?”
Nils: “Some will be there at launch; some soon after. the NFT VISA card will be available next year (start of Q2). Currently we see a lot of interest for this NFT VISA.”
Mahsa: “in the early stage, there will be some utilities which is related to our Gaming and Metaverse partnerships. as we go on, more utilities will be unlocked. once the banking partnership is announced and the credit card is ready to use, the most potential of the Paycer NFT will be uncovered.”
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.