Paycer Pre-Sale Close and Next Steps
The Paycer team could raise another 140,000 USD in its $PCR Pre-Sale. Together with the private sale the collected funding for Paycer now amounts to over 840,000 USD. Paycer is therefore well positioned financially to continue its technical development and to address important areas such as legal and marketing.
We are quite satisfied with the pre-sale result, because some reasons made the pre-sale not so attractive for investors. The vesting phase of 12 months is the same as in the private sale, but the price is only 1 cent lower than in the IDO, where there is only 6 months of vesting. Another difficulty was that our KYC provider Blockpass was globally unavailable for over 24 hours on the last pre-sale day and no further KYCs could be processed. We reacted quickly and implemented a small workaround and a few small investments could still be processed afterwards, when the service was available again. The referral program launched for the pre-sale had not achieved the desired effect and quite few referral links were shared.
The unsold tokens will largely be used in future burning events, in which PCR tokens will be burned to reduce the max supply. This will have a positive effect for all investors in the long term.
What’s next?
The Paycer team made a lot of progress during the last weeks:
- We had talks with different banks to achieve a partnership with them, with one bank we are in later stage negotiations and they want to partner with us. So it’s very likely that Paycer will be able to also offer a bank account and a debit card in 2022 combined with DeFi.
- The development of our DeFi platform and the Paycer protocol made good progress during the last weeks.
- Staking and vesting smart contract were completed and are currently deployed and being tested on testnet.
- Our smart contracts were also send to Certik and Hacken for security audits.
- We also deployed our token on 4 different blockchains: Ethereum, Polygon, Avalanche and BSC; our main chain will be Polygon.
- Paycer met a part of the Polygon team in Hamburg and we set up an agreement for co-marketing and technical assistance.
- We also increased our marketing and got featured on a few finance media websites. We were also able to grew our community by a lot with an airdrop event.
- We also grew our team and hired a product owner and two UI/UX designer.
- In early January the Paycer token PCR will be launched on different launchpads. 🚀🚀🚀
In January a lot of important tasks will happen at Paycer, including legal matters, final development of the Paycer DeFi platform, ongoing negotiations for the banking partnership, IDO launch, PCR token listing. Stay tuned!
About Paycer.io
The Paycer team is developing a bridge protocol that aggregates DeFi and crypto services cross-chain and combines them with TradFi to create new user-friendly financial products and services available on an easy to use platform.
The Paycer Protocol will provide cross chain operability and aggregate certain DeFi products from different blockchains. The Paycer Platform will combine 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 selected DeFi products, providing a high and constant interest rate as a passive income.
