Paycer will launch a (Ce-) DeFi Utility NFT that is ready for Metaverse
Paycer is going to launch its own utility NFT collection. The project is currently under development and has already progressed to a very solid state.
There will be contradictory reactions to this approach. Some will think it’s a magnificent idea to launch a NFT project, while some others may be suspicious of how this will fit the DeFi product and the main roadmap. This is a very valid question. The aim of this article is to explain our motivations for developing a NFT and to show the strategy behind it. After reading the article, everyone will hopefully be convinced that the Paycer NFT is aligned with the vision of Paycer and will speed up the acceleration of the whole project. Paycer’s activities and efforts, from the dev, business dev, leadership and marketing perspective will heavily focus on this project; but at the same time the developers will be continuing to work on the major elements of our CeDeFi platform and paycer.finance.
First of all, the NFT technology is very fascinating and goes way beyond sharing and owning colorful artwork. Since we are a team with a strong technical understanding, we are aiming to utilize this technology within our project. The ERC-721 standard was already introduced in late 2017 but it really became popular during the last year. What we have seen so far in terms of NFTs is just the beginning and in the near future we will see more 3D NFTs and utility NFTs. The future of non fungible tokens is very bright and we want to position Paycer to drive DeFi mass adoption, but also ride the adoption wave of NFTs.
The Paycer NFT
We will soon launch a dedicated NFT landing page that will provide all the information about the Paycer NFT and the related roadmap. There will be 10,000 unique Paycer NFTs with various rarities. Each Paycer NFT will be a unique piece of generative NFT art. Furthermore the Paycer NFT will not be a simple 2D picture but a complex 3D model with various functions and utilities. Paycer remains loyal to the name “Pacer” and the Paycer logo, hence the Paycer NFT will be an awesome robot horse. The horse represents strength, speed, and has the ability to jump over gaps between the two worlds. The horse NFT will literally bridge the gap between TradFi, DeFi, NFT and the Metaverse!
As a full-fledged and animated 3D model, the NFT can be used in the Metaverse. There will also be a strong link between the Paycer credit card and the NFT. Holders also have the possibility to get their favorite individual NFT printed on the Paycer credit card. Thus you will receive a unique and signature credit card that will turn heads. In Addition, the Paycer NFT will add additional features to the credit card, such as cash back, discount programs and more.
But that’s not all, the NFT can also be upgraded by using Paycer Tokens (PCR). You can get the following functions in various forms: lower platform fees, staking bonus, more voting power, liquidity mining bonus, referral bonus. Plus the upgrade will also improve the appearance of your NFT even further. In the future there will be more possibilities to level up the NFT. There will also be the possibility to create new Paycer NFTs by breeding. The NFT will also be the center of seamless payment processed within the Metaverse provided by Paycer.
Paycer is currently working on becoming a regulated platform that will offer banking, DeFi and crypto trading. But we will not become a traditional and old-fashioned bank. Paycer plans to be digital and cool, but at the same time a trustworthy bank. We will make DeFi, NFT and Metaverse more accessible for retail clients and gamers. In addition we are working on integrating gamification into financial processes so that they will be fun and not a burden in the future.
In this context, a dedicated Paycer NFT makes a lot of sense because it will link banking DeFi and Metaverse in a gamified way. There will be the possibility to level up your NFT by using your credit card. The NFT will also provide you with cash back options in PCR tokens.
Developing a regulated CeDeFi product takes quite a while, even if we have a good pace. The banking partnership and regulatory processes simply require a little more time in the TradFi sector. But we are working on it and there is already great progress. Nevertheless, we are committed to delivering visible progress to the community. The NFT area is not as critical from a regulatory point of view as the financial area and we can deliver progress for the Paycer project and the Paycer token (PCR) without having to wait for the authorities.
Paycer is currently well funded through the PCR token sale, thanks again to the investors and the community. Though, a successful NFT sale could provide Paycer additional funding that would prepare the foundations for bigger steps than the current pace. We are working on a banking partnership and will need to rely on this partner. With a successful NFT sale; a banking or similar finance license for Paycer would also be within reach. This would enable completely different possibilities for Paycer, the platform, the PCR token and the whole community. The Funds from the NFT sale will be used exclusively for the further development of the NFT roadmap and the banking license.
Enter the Metaverse
The Metaverse is just around the corner and Paycer will have its place in it. Paycer will become a bank and payment service provider in the Metaverse. We are already working on partnerships with various large Metaverse projects. We have just announced our partnership with Bloktopia. It is planned to open Paycer bank branches in the Metaverse in the future, where our customers can conduct their banking transactions or open a new bank account.
But that’s not all. We are moving into our new office space in an AR and VR hub in Hamburg Germany. There are many companies, developers and designers who work with virtual reality on a daily basis and some of these companies are already working on Metaverse projects. Some exciting conversations have taken place that might lead to a collaboration. We are definitely in the right place at the right time. To enter the Metaverse, we consider Paycer’s 3D NFT as a key that can serve as an avatar, mount, pet, credit card or wallet in various Metaverse collaborations. There are also considerations for a Paycerverse in the future. Paycer is working on CeDeFi but also has an eye on MetaFi as a future vision. To kick off our Metaverse strategy we are also hosting a “Ready for Metaverse” party as an official OMR side event.
The launch of our own NFT offers even more opportunities for new partnerships between Paycer and projects from the NFT space. We are already actively establishing new partnerships here. In addition, completely new possibilities arise in the interaction between our PCR token, the NFT and the partners. We can step into new areas and network even further in the blockchain ecosystem and collaborate with projects from the Metaverse and GameFi.
For the PCR token, the Paycer NFT also means a further upgrade as many new functions will be added with the NFT. When all 10,000 NFTs are sold, then there are potentially up to 10,000 new individuals who will be interested in owning and staking PCR tokens to upgrade their NFT. In the future there will also be other possibilities to further upgrade your NFT with PCR tokens, and there will also be breeding that will burn part of the PCR tokens used. The Paycer token will also be used for a cashback program related to the NFT and the associated credit card. And that won’t be all, so the NFT alone will give you many more reasons to buy and hold PCR. The Paycer NFT will improve our tokenomics. The NFT will add some PCR burn, buy and sell mechanisms.
Of course, our community is very important to us, and we hope that the launch of our own NFT is understandable for you and that you like the plan. We are very open to any feedback and suggestions. Be assured that the NFT will not divert us from our actual roadmap; but will form a good addition to it and will fit into the general concept. We are convinced that an NFT sale can draw even more attention to Paycer and will further expand the community. We are already looking forward to welcoming the upcoming new members of our community.
Thank you for taking the time to read this long article, and for your interest in Paycer.
Your Paycer Team
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.