The Questions and The Answers

To the most popular questions from our community.

Hello everyone! In this article, we have gathered all the most popular questions from our community.

Keep reading to learn about the latest updates. Also — don’t forget to share your thoughts in the comments!

For more detailed information, watch the AMA session with Stan Novi and Andrew Seoev.

When will the EGO token get launched?

We expect that the launch will be between Q1-Q2 2023.

There are two important deciding factors for the token launch:

1) How soon we close the Private Presale round.

2) Full launch of the product.

Initially, we will only roll out all planned earning mechanics to the test token, such as:

• Buying NFTs
• Paid Requests
• Content Boosts
• Profile Advertisements
• Other features within Paysenger.

We’ll be ready to do a full launch when these features have been fully tested.

Another important deciding factor we need to consider is the market condition.

We care about those who have already invested in the token. The crypto market recently showed that even fundamentally and systemically important projects such as Ethereum are also subject to significant risks.

We believe the current bear market is not a good time for a full launch.

When will the token be distributed?

Immediately after the launch of TGE.

Why was the token launch delayed for such a long time?

As we have stated earlier, there are certain conditions that need to be in place to launch a token successfully:

• A fully-functional utility token
• Availability of funds
• Good market conditions and timing

If all of these conditions are met, and you also have a good marketing team, the project's success is guaranteed.

I suggest looking at the listings of new projects who launched their tokens since May this year. Most of their prices fell 5 to 10 times, some even over ten times. We don’t want to go in the same direction as these projects.

Let’s talk a little bit about ICOs and IDOs. When a token is issued, the main factor that directly causes a price increase is the demand for that token and the interest in its utility. Creating demand in the current market conditions is extremely difficult.

Even if we put our whole budget into marketing, there’s still a huge risk.

When the market reaches its bull cycle, when the Paysenger app is fully developed, it will be much easier to create demand. That is why we had to postpone the token launch, and for now, the primary focus of our team is to develop and improve the main product.

When is the next big Airdrop?

Every month we hold different programs and contests. For example, you can participate in the Ambassadors program, create content and get rewards in project tokens.

Will there be any bonuses for those who have been waiting for the token’s launch longer than the others?

Absolutely! We will drop 10% bonus tokens to anyone who went all the way with us. If you buy 1000 tokens, you will get 1100. We will also change the vesting system for the better.

According to the presale terms, the token lockup was three months. There was 0% unlock on TGE, and the vesting was 12 months.

We have now decided to unlock TGE earlier. Investors will now be able to get tokens three months earlier.

In short, those who waited long will get 10% bonus tokens and improved vesting conditions.

What is the total amount of EGO tokens, and how will they get distributed?

• The total amount of tokens is 1 billion.
• Presale Seed Round 2%
• Presale Round 3.5%
• Series-A Round 18%
• Public Round (IDO) 1%
• Team 15%
• Advisors 4%
• Marketing & Ecosystem Rewards 39.5%
• Liquidity — DEX, CEX 5%
• Treasury 12%

More detailed information about the distribution is in EGO’s whitepaper.

Will you implement Staking for the EGO token?

Yes, absolutely. We will reward those who want to stay with our project and reduce “selling pressure”.

What will the price be at the time of the listing?

$0.06 to $0.1, depending on specific market conditions and the readiness of the Paysenger app.

Do you follow the RoadMap, or was it changed in any way?

In general, we are still following the roadmap. Our team's vectors, strategy, and timing are still being followed.

The delay in the token’s launch is a consequence of poor market conditions, which no one can predict.

In regards to our ambitions in Web3:
The next big goal that we will soon accomplish in the near future is to launch an NFT Marketplace.

Furthermore, we will mint all content on the Paysenger app into NFTs, integrate EGO tokens into the app, integrate different competition mechanics, and integrate cross-platform functionality.

The test token is based on Moonbeam, but we will soon migrate to Polygon. We will make it so that the token will be natively available on many other networks.

As for the Web2 part of the project:
You can check out all updates on our social networks, such as patch notes, marketing campaigns, and new features within the app.

There is a large backlog of goals that we consistently review. Every week, we pick the most relevant goals to be achieved soon.

For example, right now, we’re working very hard on retention.

Will tEGO token cost something?

That’s a great question. We have a test token, and it already has certain use cases. Soon you will be able to use it to buy content, send paid messages, or boost your profile and content.

We also run contests, giving various bonuses and rewards for tEGO. These use cases are what give value to the test token.

tEGO will not be traded since it is based on testnet, and for now, it’s used to test all the earning mechanics.

However, the top tEGO holders will still be able to win rewards.

Also, NFTs that are currently bought in testnet can be bought using tEGO. In the future, these NFTs will be transferred to Mainnet.

What is the main goal of the Paysenger project?

The main goal is to reinvent the standards of communication and interaction on social networks.

A person’s attention is not free — it costs money.

Revenue distribution on social networks is extremely unfair. We all use social networks to communicate, have fun, and post content there. However, this content is extremely difficult to monetize.

For example, you post a video on Tiktok, and it goes viral and gets into recommendations. You will surely get a lot of views and likes.

However, to monetize it somehow, you must also sell ads, and courses, participate in referral programs, and so on.

You always have to do extra work to monetize yourself in addition to working on your content.

We allow you to focus primarily on your content. We create an additional layer in the so-called Creators Economy. In the case of Paysenger, your content is not just a “picture” or “video” but a full-fledged digital asset, an NFT.

Whenever the NFT gets likes, you earn tokens. You can invest in content. Each time you invest in popular memes, photos, and videos, you earn rewards.

How can I earn money on Paysenger?

There are many ways:

If you are a creator, you get paid for producing popular content.

As a creator, you also take paid requests from others to create content based on their ideas. You get paid for every piece of special content you create at the request of others.

If you are a user (not a creator), you send paid requests to interesting creators and ask them to create content for you. The content is partially owned by you, and you get paid for it when it becomes popular.

You can also participate in Paysenger contests.

What were the most important updates to the Paysenger app lately?

The most important update is the ability to create Profile Posts. Initially, we created the app only for paid communication, but later we added the functionality to post your content on your profile. This made the news feed and the app as a whole a lot more active.

We implemented a reward system that is integrated with blockchain. We reward both content buyers and the creators themselves.

Many small innovations that are not visible to the average user at first glance. For example, we improved the profile page, sped up the application, created tutorial ribbons, and added a leaderboard. A lot of innovations and fixes are being made.

Are you preparing any major updates for Paysenger soon?

Yes. First off, we are working on a smart feed. A smart feed will make interaction with creators a lot easier.

Secondly, we are rolling out an NFT Marketplace and minting system. Most of the content on Paysenger will be minted into NFT format. Distribution of rewards will go to the buyers and the owner of the NFT.

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Best regards,

Team Paysenger