HAMBURG, Germany – Paycer, a cross-chain yield aggregation bridge for DeFi and banking, has announced its goal to bring high interest rates earned in DeFi to retail clients, by combining decentralized finance [DeFi] with traditional banking services [TradFi]. Expected to be first launched in Q1 of 2022, Paycer is developing an unparalleled bridge protocol that will blend DeFi and crypto services with routine banking and financial services. The company features a plethora of novel financial facets built to help investors reap the dividends of the emerging crypto trend, DeFi.
Offering interoperability, a rare yet important feature of blockchain-based projects, across multiple blockchains, Paycer will offer an array of financial features including, but not limited to, bank accounts, crypto wallets, liquidity pools, lending and importantly, highly simplified access to the profitable DeFi market. Enabling cross-chain communication and exchange of data, Paycer will integrate core DeFi properties from Solana, Ethereum, Polygon, Polkadot, Avalanche, Binance Smart Chain [BSC] and Cosmos blockchains.
In a world characterized by low-interest financial products, Paycer promises to offer higher interest rates, a relief to retail investors who will leverage the platform to tap into the unlimited potential of the DeFi market, generating attractive returns on investment [ROI] in the process.
Combining the protocol with conventional banking services, Paycer will guarantee users access to DeFi protocols for merely depositing fiat on the platform. Devoid of interaction with cryptocurrencies or DeFi, Paycer is built to automatically transfer deposits into selected DeFi products, providing these investors constant interest as a passive income source.
Deploying the customer-first strategy, Paycer aims at providing a beginner-friendly interface armed with simple processes that will meet and exceed the expectations of users. This strategy is part of the company’s bigger plans of empowering individuals with little or no knowledge of cryptocurrencies an opportunity to benefit greatly from the burgeoning DeFi market.
“Using DeFi can be pretty difficult, even for those in the IT industry. Our mission is to bring high DeFi yields to retail clients who aren’t invested in cryptocurrency yet,” Paycer’s chief training officer Nils Gregersen says; “We’re also targeting investors who are already in crypto, but who still haven’t jumped on the DeFi bandwagon”.
Part of its rollout as a DeFi protocol is the launch of a native token, PCR. The utility token will generate real-time value for users—will grant them voting rights. Like most protocols, Paycer will reward PCR holders for staking tokens on the network.
Paycer has scheduled a streamlined pre-sale and public sale, however, users would be required to complete the know-your-customer [KYC] form as a prerequisite for participation. Prospective investors will have the option of paying in Ether (ETH), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), and Tether (USDT) on the BSC, Ethereum, and Polygon [MATIC] blockchains. With a minimum deposit of $100 and a maximum of $10,000, the pre-sale has been scheduled for Dec. 1 and will run until Dec. 23, 2021. The public sale will start on Dec. 30 on multiple launchpads. A total of 37,5 million PCR has been set aside for a purchase at $0.055 per token, a little higher than the pre-sale token price of $0.045.
Headquartered in Hamburg, Germany, Paycer complies with the legal rules and regulations of the aforementioned country. Currently, Paycer is in talks to partner with a financial body for an official banking license.
Paycer is a German-based blockchain platform that seeks to aggregate DeFi and cryptocurrency with traditional banking services to create a user-friendly financial product. Aimed at disrupting the low-interest banking sector with smart, advanced DeFi-based services, Paycer is on course to provide interoperability between multiple blockchains, solving a recurring crypto problem. Deploying a plethora of novel services, the German-based company has introduced a utility token, PCR, that will grant investors rewards and the right to vote as members of the community.
Company: Paycer UG
Contact: Richard Vo, CEO