Paycer Monthly Summary - July 2021
It was another busy month as we your TEAM PAYCER continued to progress plans around Paycer. We are looking forward to launching the whitepaper and prototype soon!
Since our team has been working at peak performance on our whitepaper, company launch, and other important milestones over the past month, we have not yet been completely accessible to you.
We will change that in the future and keep you more up to date with every milestone, no matter how big or small.
We have been negotiating with several VCs this month to see if we can work together and create a healthy ecosystem. Our accomplishments so far:
- We launched the official company foundation of Paycer this month. Paycer will soon be a registered company in the Commercial Register.
- We evaluated several Price Oracles and have been in contact with some well-known suppliers. There will be a separate post about that, stay tuned!
- In order to create a legally clean business model, we held workshops with one of the best lawyers with crypto know-how in Germany to push the topic of token sale and BaFin license.
- The focus was productive and we completed the whitepaper with lots of effort. The whitepaper is currently being revised and will be published in the end of the month.
- We also worked very hard on the Paycer prototype. It was important for us to deliver clean UI/UX. The prototype is still being finalized and will be released this month.
- We have also been working on recruiting new talents for our team and are constantly improving our team building and bonding.
What´s up Next:
Our next big goal we are working on, is the PCR tokensale we will inform you regulary about our progress.
About Paycer-Protocol:
The Paycer protocol is a “Layer 3 Interledger Protocol” (ILP) that aggregates certain DeFi products from different blockchains. On top of the Paycer protocol sits the Paycer platform that combines the Paycer protocol with traditional financial services like a bank account and a debit card. Users only need to make a fiat money deposit on the Paycer platform to get started, no interaction with cryptocurrencies or DeFi is required. Paycer will then automatically place the deposit in different DeFi products, providing a high and constant interest rate as a passive income. TLDR: We are mainstreaming Decentralized Finance.
