Recap: DMEX’s joint AMA with the PayrLink team

On Wednesday, May 10th, the PayrLink team joined the DMEX telegram chat (https://t.me/DMEX_Chat) for a live AMA. Our community was highly enthusiastic as we received over 1.5k questions from various sources!

If you missed this AMA, don’t worry. This blog post includes a complete recap of the live AMA session and features the best questions asked by our community members.

【Steward Kopeland of DMEX】
Today we have three guests from PayrLink. First, let me briefly introduce PayrLink to you all.

PayrLink is a decentralized escrow service powered by Blockchain technology, working as a third-party arbitrates transaction in a private manner from very simple and highly complex ones. DMEX is very happy to reach strategic cooperation with PayrLink to provide the best crypto investment option and the safest asset management tool for all users

PayrLink provides users with secure, fast, and inexpensive transactions in a decentralized way. The core features of PayrLink are decentralized arbitration with a reliable juror who is verified by strict judgment, and secure private transaction provided by Zero-knowledge Proof.

The Founder & CEO of PayrLink is Maxsim Boiko Jin who has an educational background in computer science and great experience in several innovative DeFi projects such as Metadallion. He has founded PayrLink in 2020, and he’s leading PayrLink to success with his reliable teammates.

【Jason from PayrLink】
I am very happy to introduce our teammates here.

First of all, I have spent multiple years building up blockchain infrastructure for several organizations with combined experience in FinTech, Data Science, Software Engineering, and Blockchain Industry. Currently, I am working with Maxim, the CEO of PayrLink, to build PayrLink to success.

Blake is the Chief Information Officer and Hiring Manager at PayrLink with more than six years of experience with creating and promoting blockchain projects. Former Lead Dev at Codiant, Contributor at Yam, and community builder. Our team also has serveral experts who are all good at blockchain and other technologies.

【Steward Kopeland of DMEX】

Thank you Jason! Let’s begin with a few basic questions!
What makes PayrLink better than its competitors?

【Jason from PayrLink】

The main goal of PayrLink is to offer decentralized arbitration that anyone can take part in it as a juror. It ensures fairness of every transaction and judgment.
And also PayrLink works in a private manner unlike its competitors.
https://medium.com/@payrlink_official/private-transfer-with-zkf-fa897f52868a
These leading features make PayrLink unique in the crypto world.

【Steward Kopeland of DMEX】

What is PayrLink’s development plan? What does your roadmap looks like?

【Jason from PayrLink】

We have recently announced our 2021 ROADMAP, the future milestones with timeline. In the first quarter of 2021, we focused on conducting market and social research as well as system architecture design, with a high-level team organized. Our focus of second quarter is to build MVP for the preparation of official launch. We are looking at launch our PAYR token in late May.
Third quarter would be the busy development season to launch the beta version of PayrLink as well as expanding market, community, partnerships, etc. In the final quarter of this year, we are planning to update PayrLink available on BSC.

You can check our roadmap in detail here.
https://medium.com/@payrlink_official/roadmap-2021-of-payrlink-9513e4748893

【Steward Kopeland of DMEX】

Are you a global project or local project? Can anybody anywhere use Your project without any restrictions?

【Jason from PayrLink】

Our project is global since blockchain has no restriction itself. We are always welcome anybody from anywhere of the world. The only requirement is to have your own wallet using MetaMask or ConnectWallet. Besides, anybody can become a juror on our Arbitration Center and can take part in disputes resolution.

【Steward Kopeland of DMEX】

As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the PayrLink platform? How to ensure the safety of customer assets?

【Blake from PayrLink】
Nice question. Let me answer this question.
To ensure security and safety of our service, we have already audited our contracts by solidity.finance. Solidity.finance has protected over $1 billion in on-chain value across 300+ projects. And we will also use several security service for PayrLink platform.

【Steward Kopeland of DMEX】

Can you give an overview of PAYRLINK Token tokenomics? Will the design of the token rise and fall with the success of the platform? Does it include any scarce paths such as equity, storage or burning?

【Ced from PayrLink】

PAYR is the governance token of PAYRLINK. We are planning to distribute PAYR like below:

Token Sales — 38%
Staking/Farming Reward — 19%
Exchange Liquidity — 15%
Development Fund — 8%
Marketing — 8%
Founder Team — 7%
Advisors — 5%

As PAYR is the governance token of PayrLink, the design of the token rise and fall with the success of the platform. PAYR has a limited max supply, so it won’t include scarce paths something like storage or burning.

【Steward Kopeland of DMEX】

Can you give me 3 reasons why us users and investors should choose your platform?

【Jason from PayrLink】

Actually, we have lots of features that could attract users and investors.
However here are the major reasons.
First, PayrLink will provide the private solution with ZKP.
Second, PayrLink will ask low transaction fee than other services.
Third, PayrLink will resolve disputes by decentralized voting.

【Steward Kopeland of DMEX】

Revenue and adoption are the focus of all projects. Can you tell us about the benefit of PayrLink holders and how you generate income?

【Ced from PayrLink】
PayrLink is a secure escrow platform, where people can make safer cryptocurrency transactions.
People should spend very low percentage of transaction amount as a fee per transaction, and this would be our main profit source.
PayrLink holders could stake their PAYR into the platform to get a part of the total profit generated by platform.
Anybody from anywhere of the world can be a juror and can take part in our disputes resolution. Jurors could get revenue by their fair judgement. The revenue source of jurors would be the disputes fee provided by dispute parties.

【User question 1】

Do you have any plan to expand your project in other chains like BSC, polkadot in the future?

Ced: Sure. After launching PayrLink v1.0 on Ethereum Mainnet, we are planning to launch it on BSC for the next. And in the future PayrLink will be launched on several blockchain networks like Polkadot and Solana.

【User question 2】

“STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does PayrLink has plan about Staking?

Blake: Yes, we have our own staking pool.
PAYR holders would take part in distribution of our platform profit. Our goal is to build a secure escrow platform, where people can make safer transactions of crypto currencies. In our escrow service, people have to spend very low percentage of transaction amount as a fee per transaction, and this would be our main profit source.
We are going to distribute all of the profit to our holders.
So Holders could stake their PAYR into the platform to get a part of the total profit generated by platform.

【User question 3】

What would you consider as the main challenges for attempting to enter Decentralized Finance space? What are main advantages of DeFi over Traditional Finance that you Know?

Ced: PayrLink is a decentralized escrow service powered by Blockchain technology, working as a third-party arbitrates transaction in a private manner from very simple and highly complex ones. I think, the main point of DeFi is the trust and transparency. They are what we are targeting and considering as the main challenges in PayrLink.

【User question 4】

Any details on where we can buy tokens and possible listings in future?

Jason: Everybody can buy PAYR from our presale.
PAYR is going to carry out a Presale at the end of May. Users, who would like to participate in the PAYR Presale, should fill the below form and submit.
https://forms.gle/bWLGZde6XJ9cPzHq8
After private sale, our public sale start on June here.
https://www.payrlink.com/presale

Regarding the Listing,
- PayrLink submitted a document for listing $PAYR to CMC.
- PayrLink is going to be listed on Uniswap first once it published but our core team is also considering Sushiswap since UniSwapV3 is not so popular now.
- Core team is discussing with Coingecko for listing.
- Core team is also discussing with Exchange services like Probit, Coinsbit, and XT for listing our token

【User question 5】

Can both non crypto users and crypto users use and access this project?

Blake: No, our project is a decentralized escrow service for cryptocurrency. We only provide the service for Crypto users. The people who own cryptocurrency can use our service easily since our website is user friendly.

DMEX is a decentralized mining power financial service platform utilizing DAO and smart contract to provide innovative DeFi and NFT products.