Paycer Protocol Overview
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.
PAYCER PROTOCOL ADVANTAGES
- Customer-First-Strategy
Paycer goal for the platform is to provide clean user interfaces and very simple processes that fully meet the requirements for its customers. This should empower everyone to use the benefits of DeFi without any prior knowledge or dealing with cryptocurrencies.
- High Interest Rate
The Paycer Protocol will combine multiple DeFi products with different interest rates cross-chain. This will generate a stable interest rate up to 20% for client‘s savings. Higher rates will be possible through Paycer token staking. - Risk Management
Paycer will evaluate DeFi product risks and smart contract code before investing any assets. The Paycer Protocol will also automate multiple risk checks to shift investments if defined signals are negative. - Cross-Chain
Gain DeFi access with interoperability across multiple blockchain ecosystems in one place. The Paycer Protocol will integrate DeFi services from Polygon, Ethereum, Polkadot, Harmony, Avalanche, Cosmos and Binance Smart Chain. - Financial Services
The Paycer Platform will offer different financial services like a crypto wallet, a bank account, lending, liquidity pools, simplified DeFi access and the main product: earning high interest rates on personal savings. - Legal
The Paycer platform will follow laws and regulations and will operate from a headquarter in Hamburg, Germany within the European Union. Paycer will have a partnership with a financial entity for an official banking license.
PACER TOKEN AND ITS VALUE
- TOKEN SYMBOL: PCR
- NETWORK: POLYGON
- TYPE: UTILITY
- USE CASES: Loyalty program, voting right, & platform incentives
TOKEN VALUE — Paycer will distribute a strong utility token that creates real value for its users and community. The Paycer token has several benefits and incentives on the Paycer Platform, this also includes a voting right.
TOKEN BUY-BACK — Paycer will use part of its profit to buy back Paycer tokens (PCR). These will ensure a steady demand and a stable token price, but will also replenish the staking rewards.
INTEREST TIER REWARD — Depending on the amount of your PCR tokens, you can add up to 4.5% p.a. additionally to your interest rate, boost your staking rewards and receive a discount on loan fees.
STAKING REWARD — By holding Paycer tokens (PCR) in your Paycer wallet, you will earn staking rewards in PCR tokens. The more PCR you stake the more rewards you can earn.
Paycer Protocol is building a cross-chain yield aggregation bridge protocol for DeFi and banking for mainstream adaption
