Stories by Paycer Protocol on Medium

Paycer Crypto Meet up: November Recap

Paycer Protocol — Mon, 07 Nov 2022 09:03:59 GMT

Last thursday, Paycer Crypto Meet up took place in ArtStadt, Hamburg. more than 50 guests from different industries joined our event. Hamburg is home to a multitude of tech giants and many crypto-related start ups are joining the space. Hopefully, we will continue organizing such events to introduce crypto-related start ups and organizations in Hamburg as well as analysing the use cases of Blockchain in different industries.

Our goal is to expand the blockchain community of Hamburg and to provide free education for accelerating the mass adoption. There were 4 speakers from different companies in the blockchain industry.

Nils Gregersen, the managing director of Paycer GmbH started the event by presenting the first topic which was about how Paycer creates an NFT, with a link to a DebitCard.

Moritz Schildt, the founder of CoinIX presented the use cases of CoinIX portfolios. CoinIX is an investment firm which pursues the goal of analyzing opportunities in the cryptocurrency and blockchain technology market and identifies promising investments.

Aaron Büttner, Blockchain analyst at Michael Page talked about the development of the Web3 labor market and the emerging challenges and opportunities. Michael Page has five decades of expertise in professional services recruitment and Aaron is involved in building the blockchain department as well as analyzing the Web3 labor market.

Victoria Hoffmann, Co-founder of Crypto Girls Club talked about her mission to inspire women for getting involved in web3 and to become leaders in the blockchain industry. crypto girls club is a Berlin-based community of curious learners, creators, developers and entrepreneurs.

After the presentations, all the speakers joined the stage for a panel discussion. the audience asked some detailed questions about their projects as well as the regulations-related issues in germany and the speakers shared their knowledge and experience.

It was interesting to see that most of the people who joined the event were contributing to the blockchain technology in different ways. many of them had their own crypto-related projects and they were invited by Paycer Team to be the speakers of the future Paycer Crypto Meet ups.

After the panel disccusion the guests had the chance to network within the community and brainstorm with their new connections. Even though the end of the event was announced 21:00, the interesting conversations continued until midnight.

Paycer Crypto Meet up was a great experience for us as well as our guests and it provided the chance for everyone in the Web3 community to expand their realm of networks and to find new opportunities for partnerships, investor search, etc. Stay tuned about the next Paycer Crypto Meet up.

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.

Paycer Community AMA Recap from 2022-October-27

Paycer Protocol — Fri, 28 Oct 2022 13:45:14 GMT

Paycer’s monthly Community AMA took place yesterday on Discord. Nils Gregersen (Founder & Managing Director), Richard Vo (Founder and Managing Director) and Mahsa Doorfard (Marketing Manager) were present from the Paycer team.

Only PCR holders were allowed to join the AMA channel and ask questions. Here’s a summary of the questions and the answers:

“Now that you focus on the CeFi app first (DeFi integration later), how will the NFTs be included and whats their purpose until the connection with the DeFi part is ready? What’s the planned order of releases: NFT -> CeFi App -> CeDeFi App?”
Nils: “We plan to release the NFT, then release the Paycer app with CeFi features, then launch the CeDeFi features next in the same app.”
“What is time line for the release of the products ie NFTs, CeFi and CeDeFi? how is the utility of each, linked to the price of PCR? Please provide some details. “
Richard: “We plan to launch the NFT in Q4 2022, but with a close look on the current NFT market situation. The NFT will be upgradeable with PCR in the future. We also plan to have breeding in the future that is paid with PCR. PCR will unlock different loyalty tiers with benefits in the CeDeFi app later.”

Paycer NFT Sneak peaks, shared by Nils Gregersen

“could you make a liquidity pool on paycer.finance USDC, USDT and connect it with some projects? how difficult is it ?”
Nils: “We can think about this. this is more complex regarding legal matters.”
“How big is the team after the “layoffs”? is the team strong enough to deliver the anticipated roadmap items?”
Richard: “The team is 9 people, but we have seen in the last months that the bigger team size was slowing us down. So we think we can make more progress with a smaller team at the moment.”
“As we understood, the Marketing Team is significantly smaller now. what are the plans to getting the word out there for Paycer and drive adoption?”
Nils: “We will do the core marketing activities with our current team. We also plan to work with influencers regarding the Paycer NFT. When new investors are on board, we increase the marketing. It also makes a lot more sense to do more marketing when the app is released.”
“How can the community support the team in the future?”
Mahsa: “Maybe we can have some supporters that are paid in PCR and help to maintain the Telegram and Discord.”
“Are there any plans to improve the current lack of communication to the community and what are those plans?”
Richard: “We had some bigger issues to solve; but we can focus more on the community now. But the communication lack was more regarding Telegram and Discord. On Twitter we have been updating the community quite frequently.
“When will this information be updated on the website?”
Nils: “We are currently working on a complete new Paycer website with the new branding etc. when this is launched everything will be up to date.”
“Is the MilkywayEx saga over? Was it possible to solve/return something or is it already a dead cat?”
Richard: “Well Milkyway is not answering us and they also rebranded. We need to check how or if we can continue to sort out the issues with them.”
“What will be the role of the partner bank in the project, can we expect financial support/investment from it? And how does the bank assess Paycer’s current financial situation?”
Nils: “The partner bank has a very important role in the project because they will enable the banking features and access but also crypto custody and trading. We had a face to face meeting with them last week to discuss the financial situation and we have a first agreement with them that is very positive for Paycer.”
“What is the current situation with the search for investors, is there interest in the project or negotiations? Did you manage to collect anything on the Angel Investment platform? Was there any help from our investment advisor? “
Nils: “We are in negotiations and there is some interest in the project. But in the current situation the investors are very cautious. I was talking to VCs together with the investment advisor back in July and he will continue to support us on that. It is a hard situation at the moment but we need to be creative and make the best out of it. We are pretty sure the market will look much better early next year.”
“What will happen to the project, what are the plans in case it is not possible to raise funds?”
Richard: “We will continue to talk to investors and to develop the app and at some point we will find investors.”
“The NFT project is supposed to deliver extra funding for the project. At this point, how is the team planning to reach potential buyers without the funds to market it? How many nft’s do you think you can sell in this situation, where the team deliberately choose to not build a community in the last months(nft buyers)”
Nils: “We are in contact with some NFT influencers they will get a small share of the NFT raise so there should be no upfront costs for Paycer.”

Paycer NFT Sneak Peaks, shared by Nils Gregersen

“Is the freelancer who is building the app already paid in full to deliver the app?”
Richard: “We have some ideas to work with the freelancer and how we could be able to bind him more to the project.”
“The app is supposed to be CeFi first. Whats the real utility of the pcr token at that point?”
Nils: “The PCR token will allow users to have a more premium accounts, different VISA cards and more benefits.”
“Is there anything that the team learned from this communication disaster in the last month?”
Richard: “Yes we learned that anything we decide internally can reach the community very quick and we need to be prepared for it. But if you decide to dismiss several employees you first need to talk to the employees before you can make it public. But yes, there is definitely a lot of room for improvements.”

About Paycer

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.

Paycer Community Update

Paycer Protocol — Fri, 21 Oct 2022 15:44:40 GMT

The last few days have been very turbulent and challenging for the Paycer community as well as the team. Therefore we give an update about the current status and explain some decisions in more detail.

Current situation

When we started to work severely on the Paycer project in early 2021, the world was a different place than it is today. Cryptocurrency prices knew only one direction, which was up. Covid was still a problem but not as serious as in 2020. DeFi was just on the rise and it was not yet clear that NFTs would be such a success. And we the Paycer team were eager and energized to bring DeFi and its benefits to retail customers.

The current reality in which we live unfortunately no longer looks as good as the time back then. We have a big war in the middle of Europe that could spread to other countries as well. We have an energy crisis. In Germany, for example, electricity and gas costs have risen to an extent that would have been considered impossible before. People first want to see how they can get through the winter before other things are important.

With regard to the crypto market, we can say that the market has actually been in a downtrend since our token launch in January 2022, except for short breaks. In the DeFi area, there were also some events with Celsius Network and Terra Luna that sent shockwaves into the market. With regard to the German market, NURI, a company offering banking and crypto with which we are often compared, has just filed for bankruptcy.

In these current circumstances, we are currently trying to find investors who would like to acquire shares in Paycer. Further capital will be necessary as the launch of our Paycer app will result in additional relatively high monthly costs for the company. On the other hand, the launch of the app will of course also mean a lot of new customers and users, but of also sales.

Since it is not that easy to find investors in the current mood and situation, we have taken a step back and looked at the current status of the company from the outside. We have come to the conclusion that we need to make some drastic changes and that we need to do it fast. Our goal was to reduce the burn rate of the company.

We already knew that the largest item was personnel costs. But your own team and employees are naturally like a family and it’s hard to separate from them. For this reason, we probably did not make this decision at the right time, but a little late. Which made it relatively spontaneous for everyone.

We have now taken this step and separated from some team members. Whereby this process was completed with most in a positive way. Unfortunately, some team members found out about it in other ways before we were able to talk to them. And there were also some PCR sales as a kind of defiance reaction. But at the end of the day, we are just humans and sometimes act very emotionally. In addition some of the team members had invested larger amounts in the token themselves.

Another important part of our action plan was to go personally to our banking partner with the founders and talk about some important matters. Such as how flexible our partner is on the launch date of the app and other aspects, and if there is room for maneuver there. This is important for us to get through the current winter and crypto winter.

Conclusion

But it’s not all down and challenging. After taking these hard steps, we see Paycer in a better position. Besides, it’s always better to act than to just stand on the sidelines and eventually not be able to react anymore.

Looking back on the last months we have achieved a lot and made progress in the development of our app but also in the NFT topic and can give some updates here. Our banking partner also thinks the features we are working on are very cool and unique and can’t wait to launch them with us.

Some impressions of the Paycer app, of which there is already a working prototype, and some updates on the NFT.

Paycer App

Crypto transaction screens

Send money screens

Transaction history screens

Paycer NFT

Paycer NFT artworks and body parts

https://medium.com/media/fc9cb89038972f7a2b3d0f5f4cabee54/href

You can also already ride with a Paycer NFT in REACH Metaverse

We will continue to work on the Paycer app and the NFT with a temporarily reduced team size. There is no shadow without light.

Thank you,

Your Paycer Team

Paycer at Digital Bash Main Event in Hamburg

Paycer Protocol — Sun, 16 Oct 2022 20:38:28 GMT

Last Tuesday was an exciting day for Paycer. Our team Joined Digital Bash Main event to gain more marketing insights and to network with professionals.

Digital Bash is the biggest Web conference in the digital industry which provides expert knowledge for accelerating businesses. The Main event took place on october 12th in Hamburg. There were different master classes and star speakers from Adobe, Google, Meta, RTL & Co. as well as a real Hamburg stadium atmosphere!

Corinna Dahlhaus’s speech was one of the highlights of the event. She is an NFT and Metaverse expert and presented a speech about NFTs for German companies With the right strategy to enter the metaverse. She explained how NFTs can be part of the brand strategy and how we can start an NFT project. So much insightful information was shared about the use cases of NFTs for different industries and companies.

Nils Gregersen, Managing Director of Paycer GmbH and Corinna Dahlhaus, Head of Marketing & communications at Deiters

Another interesting part of the event was the Metaverse Stage; during which, 6 experts discussed different topics related to the Metaverse. The program was interactive, and the audience had the chance to ask questions about Metaverse. Alice Talotti, Agency solutions Manager of Meta; Jasper Krog, Senior Global digital innovation manager of NIVEA; Nikolai Bockholt, creative technologist of Google; Malte Landwehr, head of SEO at Idealo; Julian Kramer, head of heads of future leaders at Adobe and last but not least; Jasper Börnsen, Head of partnerships and Metaverse at Justaddsugar GmbH were present at the Metaverse discussion stage.

It was easy to see how interested and engaged the audience were and how everyone, regardless of their background were trying to find connections between their own business model and the use cases of NFTs and Metaverse. Digital Bash prepared a perfect atmosphere for networking and getting to know potential future partners and customers.

Paycer GmbH is glad to be one of the companies who stepped into the world of NFTs and Metaverse sooner than many others and it will ensure our championship in the near future.

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.

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.

Paycer Community AMA Recap from 2022-September-28

Paycer Protocol — Thu, 29 Sep 2022 09:11:13 GMT

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.”

About Paycer

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.

Paycer Community AMA Recap from 2022-August-25

Paycer Protocol — Thu, 25 Aug 2022 22:23:48 GMT

Paycer’s monthly Community AMA took place today on Discord. Nils Gregersen (Founder & Managing Director), Mahsa Doorfard (Marketing Manager) and Austin (Community Moderator) were present from the Paycer team.

5 Questions were gathered from the Twitter community and 5 questions were chosen on Discord during the AMA.

Austin: “First Twitter Question by @Keyleehoang. How does Paycer become expensive in the crypto market with thousands of different projects which are born every day?”

Mahsa: “Paycer has some characteristics which makes it stand out among the other projects. First of all we are completely transparent. The whole team’s information and background is accessible online. Moreover, if you check the Paycer’s public GitBook, you can follow the current developments with details of the workload. Comparing the Scrum tickets to the roadmap will make it easy for our users to see if Paycer is actually sticking to what has been initially promised.

Moreover, one of the common struggles of DeFi projects is related to regulations. However, Paycer has the privilege of working with a very experienced German law firm and one of the co-founders (Helge) is a lawyer. Our PCR token has already been checked and designed to be compliant with the German laws.

As we mentioned in the last Medium article, In late July we signed the first contract with our banking partner that will enable us to provide full bank accounts, crypto trading, VISA cards and more. This is a huge step which will differentiate Paycer from the other projects.”

Austin: “ @AshishOnia asked the Second Question. Has paycer already established a banking partnership or is it in the look out for establishing one?”

Mahsa: “As mentioned in the former question, we have already signed the first contract with our banking partner in late July; although, we still haven’t shared more details with our community. It’s a huge step and we want it to be special. Follow our social media for updates regarding the banking partnership.”

Nils: “The last meeting with our banking partner was yesterday. kickoff will happen very soon. although, we can not share the partnership yet. Because sharing too early might result in receiving warnings from BaFin.”

Austin: “An interesting Question by @AmeenIssah How Can we stake your Token and how much is the APR for your staking program? Also, what are the other ways to have profits here?”

Mahsa: “You can stake PCR on Paycer Finance platform: https://paycer.finance/ as well as DODO Dex: https://app.dodoex.io/

The interest rates for staking on Paycer are moderate as it is a solid and long-term project and a stable staking reward rate should be paid over a long period of time. The base rate for PCR staking is 12%. In addition, there are 4 loyalty tiers that depend on the staked amount of tokens. The loyalty tiers can increase the interest rate up to 24%.

Check out this table for more details:

Another way to earn more profits would be the Paycer NFT. It has many utilities which range from use cases in Metaverse to Paycer NFT Credit Card. The NFT can be upgraded by using PCR tokens. This will unlock additional functions and utilities for the users.

Austin: “Here is another interesting Question, asked by @KentMcQuain. With the impending banking partnership announcement, what are the plans for marketing? Marketing in the crypto world is probably a given, but will we see any announcements in mainstream media?”

Mahsa: “In the last few months, we have invested a lot of time and energy on brand building and marketing strategies in order to be able to position Paycer optimally in the future. We worked with a brand-building and marketing agency from Singapore and conducted several online workshops. In addition, we also conducted workshops internally within the Paycer team. The result of this process is a rebranding in terms of colors and brand message.

We have already started educational video production on TikTok and we will start our YouTube Channel very soon. Moreover, Paycer is planning regular crypto meet ups in Hamburg which will boost our marketing as well. After the official announcement of the banking partnership and launching the Super App, our team will take part in global Finance and crypto summits to expand the realm of our marketing strategies and connections. There will definately be press releases and interviews on different forms of media. We have a lot of Marketing plans and we can’t wait to share it all with you. Stay tuned.”

Austin: “The last question before we open the chat for active participants to ask their Questions. @Kaarriiiin’s Question was picked as the 5th Question of the day. Have you had any new partnerships recently? And what are the advantage of this partnership for your project?”

Mahsa: “For easy integration of Paycer NFT in Metaverse and GameFi projects, Paycer has teamed up with REACH Metaverse https://reachmetaverse.org/ . they will create Paycer’s own Metaverse space. We call it Paycerverse. Users can ride their NFT horse inside this Metaverse as well as chatting and integrating with other Paycer NFT holders.

Furthermore, we are currently in contact with a GameFi project that will soon launch a cool 3D game with NFT integration. It is planned that the Paycer NFT will be integrated there as well.”

Austin: “The first session is done, the chat will be opened now for your questions. Only 5 Questions will be answered. Thanks

Y.M: “What will happen first — the launch of the application or the announcement of a partnership with the bank? Does Paycer have a backup plan (another partner bank) in case the contract with the current one is not signed? Is there an approximate date for announcing the partnership with the bank?”

Nils: “Shortly before the beta launch we can start co-marketing with the bank. Yes, we have a backup bank, we might even be working with both at the same time, because the other bank can provide some additional features like ETFs, that we could add also to the app.”

Ben Jonathan: “Will you plan to raise the awareness of your project in regions that English is not well-spoken? Any local communities to bring them better understanding of your ecosystem?”

Mahsa: “for sure our first market will be Germany because it’s where our company is registered in and most of the team are based in. we are looking forward to become the leader in Europe by expanding our services and network. and for sure we will target other local communities as we go further in our roadmap. Paycer will get bigger step by step. BTW, we already have some local channels in our discord for some languages such as Persian, Turkish, Russian, etc. active members of the community can built up their own Paycerian group here on Paycer’s Discord.”

Bane: “We understand that Paycer team is looking to generate 1–2 million through NFT sales which team might use for developing the project further. However, what is stopping a regulated project like paycer to approach VCs who can very well invest million’s which can be very beneficial for project development as well as bring the attention the project deserves among crypto community.”

Nils: “”Well you are right, but to be honest I think at the moment it would be quite hard to raise 1–2M with an NFT sale. But let’s see how marketing the NFT goes

We have some cool things in the pipeline for the NFT. Regarding the VCs we were in contact with a few VCs all the time, but we were waiting until we have the signed banking partnership to really focus on this. Since the last crypto crash the VC market is a bit harder. We are currently finishing our new investor deck and will approach a lot of VCs soon.”

Eric45: “Paycer is currently listed on 1 CEX, do you plan to increase this number in the future?”

Mahsa: “It costs between 100k to 300k Euros or even more to get listed on CEXs. in our current stage, we find it more reasonable to spend money on the development of our Platform, App and NFT. but for sure we will take it into account in the near future.”

Nils: “Once we have our app running and a lot of traction the CEX might ask us to list.”

Austin: “Thank you for providing detailed answers.”

About Paycer

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.

Paycer Update: Banking, DeFi, Rebranding, App, NFT and Metaverse

Paycer Protocol — Sun, 21 Aug 2022 16:19:57 GMT

Paycer Update

Hamburg, Germany 21/08/2022, The Paycer team has been working hard during the last months and can show several achievements on our journey to build a CeDeFi platform. In late July we signed the first contract with our banking partner that will enable us to provide full bank accounts, crypto trading, VISA cards and more. The Paycer team is currently working very focussed on developing the Paycer CeDeFi app. In addition, our own 3D NFT is also close to be finished; but more about that later. The following article provides an update on various Paycer topics.

Rebranding

In the last few months, we have invested a lot of time and energy on brand building and marketing strategies in order to be able to position Paycer optimally in the future. We worked with a brand-building and marketing agency from Singapore and conducted several online workshops. In addition, we also conducted workshops internally within the Paycer team. The result of this process is a rebranding in terms of colors and brand message. In the future, Paycer will appear with a fresh lime yellow, black and white. These colors are currently little used in the FinTech sector and Paycer can stand out from the crowd and look a little cooler but still legitimate.

In order to onboard retail customers in the DeFi space, it will not be sufficient to focus only on CeDeFi. Most retail customers are currently not even aware of the existence of DeFi or CeDeFi. Imagine a billboard in the promenade advertising DeFi; almost no one would understand what it’s all about. Therefore, we will promote Paycer in the retail sector primarily as a crypto enabled neobank, because cryptocurrencies are something that more people can relate to now. The goal is to win the customer over and to build trust; the customer will then find out that we have much more to offer.

The rebranding will also be applied on our websites and in our communication in the near future.

Paycer Super App

The Paycer app will become a finance super app, which means that customers will be able to manage their entire finances with this app. What exactly does that mean? The app will provide customers with a complete bank account for which additional virtual sub-accounts can be created to better manage their own finances. In addition, the user can receive a VISA debit card that also allows crypto payments. Crypto currencies can be bought or sold and stored in a custody wallet without the customer having to remember a private key; which greatly simplifies the process. There will also be ETFs with different risk profiles and automatic balancing. At a later stage, single stocks are planned as well.

But what about DeFi or CeDeFi? We will integrate a DeFi wallet into the app, where the customer will have various options such as swaps, liquidity mining or staking. We will continuously expand these DeFi functions and integrate them as seamlessly as possible into the app.

Here we have also simulated several scenarios and weighed the pros and cons. The near past has shown that it is best if the customer holds the private key himself and can withdraw his investments at any time and enjoy full transparency. The case of 3AC and especially Celsius Network have shown that frozen withdrawals are a very big problem of too centralized platforms and violate the principles of DeFi. This has also become a major problem for NURI, another German banking provider that has worked closely with Celsius. Therefore, our DeFi wallet will be a self-custody wallet, so that the customer has full control.

The app is expected to be fully developed in December of this year. A closed operation for a maximum of approx. 1000 users is planned for Q1 2023. After that, the app will be released to the public.

The app is already styled in the new Paycer design:

Paycer App Screens

Paycer Debit Card

The Paycer card will have some cool features, such as discounts and benefits, but also cashback in PCR tokens. There will be a standard plastic card for normal customers and metal cards for the four different loyalty tiers of PCR token holders. The different loyalty tier cards will bring different benefits and conditions. For the cashback rewards we plan to use different partnerships and affiliate systems in the background to get discounts. These discounts will then be used to buy back PCR from the market and distribute it to the customer as cashback rewards in tokens. The Paycer card will also allow customers to pay with their cryptocurrencies wherever VISA is accepted. Another cool feature will be the link to the Paycer NFT. furthermore, NFT holders will be able to order a card with their exact NFT on it. This custom card will be unique and a special statement of identity. We can’t wait to go shopping with that card.

Paycer Loyalty Tier Cards with NFT customization

Paycer NFT

The development of the Paycer NFT is very close to completion and it won’t be long before we can launch it. We will launch an NFT with extremely high quality and many utilities. The Paycer NFT is ready for Metaverse. The buyer does not get a 2D graphic or a video but a complete 3D model that can be viewed from all sides. At paycer.finance/nft, four example Paycer NFTs can already be viewed and moved in 3D using the browser. We will soon be doing some modifications on the NFT page and launch a very special video that will catch many by surprise. We can currently also sense that there is a great interest in the Paycer NFT card since this brings the NFT into the real world.

Another interesting detail for PCR holders should be that the NFT can be upgraded by using PCR tokens. This will unlock additional functions, utilities and visual enhancements. Stay tuned.

NFT 3D view on Paycer Finance

Metaverse and GameFi

The Paycer NFT was also created with the advice of game developers to allow easy integration with Metaverse and GameFi projects. Therefore, we have also consciously decided directly for a 3D NFT. To ensure that these are not just empty promises, Paycer has teamed up with REACH. The cool thing is that REACH has already built a 3D Metaverse and is expanding it. REACH will build Paycer’s own Metaverse space; a sort of Paycerverse, where the user can ride through the landscape with his Paycer NFT and chat and interact with other users. In the future, this space can be developed further; possibly a horse race where PCR can be bet? We think it will be best if the NFT holders decide about the further development in the future.

Example Environment from REACH

Furthermore, we are currently in contact with a GameFi project that will soon launch a cool 3D game with NFT integration. It is planned that the Paycer NFT will be integrated there as well.

In the near future we will put a lot of focus on the NFT in our marketing. After that, the main focus will be back on banking and CeDeFi. But don’t worry; we are mainly focusing on the app development in the background. The next few months will be exciting.

We hope you liked the update,
your Paycer Team

About Paycer

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.

Paycer Team Event

Paycer Protocol — Fri, 05 Aug 2022 07:48:14 GMT

Company culture is one of the most important topics for us at Paycer. The more uplifting and positive atmosphere we have in the company, the more enjoyable it will be for the whole team to be productive and to achieve milestones as fast as possible.

Leaders of an organization play a vital role in creating a nice employee experience and to form the culture of the company. Weak or negative connections between the team members will cause disconnection and it will slow down the development of the team. We try our best not to have a very flat hierarchy in Paycer and to make the working atmosphere like a family with the same goals and visions.

We have a hybrid work system at Paycer; which means there is a mixture of in-office, on the go and remote working hours. Hybrid work increases productivity, employee satisfaction and mental health; however, it might decrease the chances to network and socialize within the team and get to know each other better. That’s why we take part in a team building activity once a month to strengthen the bonds among the team.

Team events will bring the individuals closer. The work experience will become more personalized and when the team gets back to work, they will be more creative and will feel better about teamwork. When you know about the weaknesses, strengths, and interests of your colleagues you will understand them better. The more you understand them, the better you will cooperate in group activities.

Every single person in a team has something special to offer and these team building activities will help to identify these unique characteristics which can be extremely helpful in future task distributions.

Paycer’s team event took place at La Cocina Cooking school in Hamburg, Germany. We cooked different international recipes under the guidance of a chef and the prepared food was served later by the team. It was a great chance for the whole team to catch up, have some fun, strengthen the bonds and to celebrate the so far achieved milestones of the Paycer roadmap.

About Paycer

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.

Paycer Community AMA Recap from 2022-July-25

Paycer Protocol — Mon, 25 Jul 2022 21:24:44 GMT

Paycer’s monthly Community AMA took place today on Discord. Nils Gregersen (Founder & Managing Director), Christoff Berlage (Head of Marketing) , Mahsa Doorfard (Marketing Manager) and Austin (Community Moderator) were present from the Paycer team.

5 Questions were gathered from the Discord community and 5 questions were chosen live during the AMA.

Austin: “The first question was from Duri Binda. How will their employees convince their customers when, often, they don’t even know what DeFi is, but more importantly, how will they explain the natural fluctuations of the crypto market?”

Mahsa: “That’s why our marketing team is focusing on increasing the general DeFi knowledge of the society by creating educational content. The more people get engaged with the DeFi industry, the faster the progressions will happen.

Moreover, the good thing for our customers is that they don’t need to worry about the specific protocol choices or how sustainable/dilutive their emissions are. Our protocol takes care of that based on data.

Non crypto investors will be advised to invest in stable coin based investment products to stay away from crypto fluctuations. With high inflation it gets even more important to invest money into DeFi/CeDeFi or people might lose their savings and wealth.”

Austin: “Next question was asked By Vojta Pudil . Where do you see yourself in four years? Do you think you’ll be in the top 100 at CMC?”

Christoff: “Based on our roadmap, we’re looking forward to becoming the leader for European DeFi platforms in 1–2 years. Launching branch offices, increasing mainstream marketing operations and applying for finance licenses are some of our visions.

In 2024 we will start targeting American, African and Asian markets and we will do more talent acquisition to expand our team. Regarding the Paycer NFT we have most likely reached our goal of launching NFT credit cards with cash back features which can be used in Metaverse and we will focus on gamification of Paycer NFT”

Austin: “Now the market is downing, does Paycer have any plan for surviving, also sustainably developing in Long-term?”

Nils: “The Crypto Winter will filter the users and even more the projects. The teams that were here just to get quick profits will get filtered out but the ones who were building the foundations of the future financial system with a long term incentive, will stay.

The crypto winter will also decrease the costs within the crypto industry because less projects need marketing, development, influncers etc. The fluctuations of the market won’t shake Paycer. We will keep on building what we have promised and we believe in our vision.

Most of the crypto projects are unregulated or semi-regulated. But Paycer is registered in Germany and is following the regulations within the European union. We are in close contact with BaFin and actively working on banking partnerships.

This will ensure our long term sustainability in the market. We will also position Paycer a bit more in the fintech segment, if investors step away from web3 for now”

Austin: “Telurku2 asked the 4th question: as you said on twitter :34% Gamers are interested in Crypto Deals on Metaverse, while 16% have bought NFT in the past. my question is pcr enters metaverse and has its own NFT can you explain what is your purpose in joining metaverse and NFT?”

Mahsa: “In order to gain more insights about our activity in the NFT Market I recommend you to read our Medium article about Paycer NFT. You can also watch our YouTube video about Paycer NFT.

To summarize, the NFT as well as the Metaverse technology are very fascinating. They go way beyond sharing and owning colorful artwork and VR games. Since we are a team with a strong technical understanding, we are aiming to utilize this technology within our project. The future of non fungible tokens and Metaverse is very bright and we want to position Paycer to drive DeFi mass adoption, but also ride the adoption wave of NFTs and the Metaverse.”

Nils: “With the Paycer NFT we can also implement new utilities for the Paycer token and create more partnerships with NFT and GameFi projects. I am already in contact with some Metaverse projects”

Austin: “The last Question for this session is asked by Haruyo Kasami: Many DEFI platforms on the market do not provide enough transparency to their users and investors. In particular, it is not known how the funds were evaluated. Could you tell us about Paycer’s approach to Transparency?”

Mahsa: “Transparency is the factor which makes Paycer stand out among the other DeFi projects. The whole team’s information and background is accessible online. Moreover, if you check the Paycer’s public gitbook you can see a lot of the development that is happening.”

Austin: “That would be the end of the first part of the AMA. the chat will be opened for new questions and our team will choose 5 Questions to answer”

Y.M: “Will the partnership with the German bank allow you to work in all EU countries or just in Germany?”

Nils: “We have just signed the prelimetary contract with our German partner bank. However we are under NDA at the moment and can not share any further details yet. But we are making really sweet progress here. It will allow to accept clients from all over the EU.”

Alison: “First, i want to thanks to the team and congrats all for the project and the efforts made until here on this project. I believe a lot in this project. For me, the best project inthe space. So, i’m very glad to join this AMA. My question is: Which specific about technology and strategy of Paycer that make you believe it will be successful and what does Paycer plan do to attract more users in the upcoming time?”

Christoff: “we have built a protocol that can invest your money automatically into yield bearing strategies. The whole process is done on-chain, is auditable, save and based on rules. So very easy to get started with DeFi yields without having to understand every defi protocol out there. We will attract more users especially with our upcoming financial products and services — think an online account on your phone, which also lets you invest in defi.”

Leona93: “Regulation is very important. Many companies find it difficult to thrive due to regulations and laws. For PAYCER to go global how would your team deal with regulatory issues?”

Mahsa: “It is indeed difficult for un-regulated and semi-regulated DeFi companies to survive. but Paycer is a completely regulated company which is registered in Germany. even though our services are related to Decentralized Finance Industry, our company is fully centralized and it makes it easier for the community to trust the platform and for the team to deal with regulatory concepts.”

Nils: “Regulation is very important. Many companies find it difficult to thrive due to regulations and laws. For PAYCER to go global how would your team deal with regulatory issues? We are working with a very experienced German law firm and have a lawyer (Helge) as a co-founder. Our PCR token was already checked and designed to be compliant with German law.

We are also pretty close to our banking partnership deal. In addition we have a running BaFin request to offer DeFi investment strategies. Paycer is taking good care of all the legal matters and that is one of our advantages.”

Alexa Harris: “Staking NFT is a hot topic. will you apply NFT technology to your products in the future?”

Christoff: “Yes.”

Austin: “We’re done with today’s AMA. thank you for contributing and being here.”

About Paycer

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.

NFT Trading Strategies

Paycer Protocol — Thu, 14 Jul 2022 08:27:55 GMT

NFTs (Non Fungible Tokens) have been around since 2012 but they became popular in 2021. This industry is considered fresh and might survive for decades. That is why early investors might have great chances of earning high profits. Some NFTs are even distributed for free as airdrops and they might get more valuable as the time goes by.

Advantages of having an NFT trading strategy

Trading NFTs is just like trading stocks and cryptocurrencies. Without having the right mindset, emotion control and a specific strategy, you will not survive the market. Choosing your own approach and sticking to it is vital for being bullish in the market.

Having an NFT trading strategy can give you a significant return on investment. It guides you towards the right path when you are approaching a deal. The market’s circumstances are constantly changing and sticking to your strategy will help you stay concentrated. Moreover, it makes it possible to establish a roadmap and to analyse your former performance. In this article we will review some of the most common NFT trading strategies.

NFT Trading strategies

One of the most common ways to approach the NFT industry would be buying the blue chips. The blue chips are the well-recognized, stable and established NFT projects which are safer than the others and have a success record. They are considered the largest publicly traded NFTs and even though they are already popular, the potential to get more valuable exists. These kinds of NFTs won’t lose much value when we enter the bear market.

Another way to ensure being profitable in the NFT market would be buying the floor. Try to buy the lowest price of an NFT from a specific collection. You can pay attention to the trends as well. When an NFT collection is trending, it might be a good opportunity for you to step in. Use google trends tool to get more insights about public opinion. The more an NFT project is searched and looked for, the higher the chances it brings profit for you.

Buying NFTs with few sellers can be considered a strategy as well. When so many people are trying to sell their NFTs from a specific collection, it shows that the public interest is fading and people are getting out of their positions. If you own an NFT which falls into this category, it would be hard for you to sell your NFT and get your profit; unless you dispose your asset at an exceptionally low price.

Try to find highly desirable NFTs. There are many online tools which help you to find valuable NFTs. Rarity is an example. The more uncommon the NFTs are, the more profitable they could become.

Conclusion

NFTs allow content producers to tokenize their works without being terrified of the copyright fraud. As an investor in the NFT industry, you would be considered a catalyst for the confirmation that the artworks are safeguarded. Check out our former article about “How to find promising NFT projects” and then choose a trading strategy based on this article. Now you are ready to jump into the pool of NFTs!

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.

Source:

Lielacher, Alex. “5 NFT Trading Strategies For JPEG Traders.” Crypto News, 2 April 2022, https://cryptonews.com/exclusives/5-nft-trading-strategies-for-jpeg-traders.htm. Accessed 5 July 2022.