What is Paysenger? SocialFi platform works similarly to Upwork
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![thumbnail](https://file.coin98.com/images/paysenger-thumbnail-befpWiTu6pAooUI8.png)
What is Paysenger?
Paysenger is the Web3 Platform for creators to earn income from their knowledge - similar to Substack. Besides that, Paysenger also allows users to collaborate with artists to create many products.
Paysenger was developed by Sureel - a company specializing in the artificial intelligence sector (AI), and Dr. Tamay Aykut - who is not only a lecturer at Stanford University but also holds a Ph.D. in Artificial Intelligence.
![image](https://file.coin98.com/images/paysenger-website-avhh0yfUdNeGrqZV.png)
Products and revenue of Paysenger
Paysenger’s products
Paysenger’s core product is the SocialFi platform that specializes in content creation with the help of AI.
SocialFi
SocialFi is a networking platform that allows content creators to share useful knowledge. Therefore, the platform not only helps connect them with potential customers, but earns more income.
Not similar to ordinal social networks, users on Paysenger can use AI to support content creation.
![image](https://file.coin98.com/images/socialfi-paysenger-wH9X6yIy30tg1vAl.png)
So how does AI help Paysenger?
AI is a useful tool to help any SocialFi platform. However, there is a drawback that it limits creativity.
For example: Content creators often use ChatGPT to help find images or article ideas. However, those images and ideas of ChatGPT are often data available online, leading to "copyright” issues.
Therefore, Paysenger’s AI solved the below problem in two ways:
Revenue of Paysenger
Paysenger's revenue comes from transaction fees. The fee is around 20-30% for each transaction (Upwork transaction fee is 10%). However, it is not an official announcement of revenue.
How does Paysenger work
Paysenger's group of users consists of 3 main groups: users, creators, and Idea Maker.
In addition, there is a file of users that are companies/brands. They use Paysenger for the purpose of interacting with users through contests. For each Contest held, Paysenger will take 30-50% of the contest's revenue.
Overall, Paysenger works similarly to Upwork in Web2 because both platforms focus mainly on content creators.
![image](https://file.coin98.com/images/paysenger-work-njNsowi4ADY4Uk4r.png)
What EGO Token?
EGO Token Key Metric
EGO Token Use Cases
EGO Token Use Cases:
EGO Token Allocation
EGO Token Allocation below:
![image](https://file.coin98.com/images/ego-allocate-sANfLZY50C0doNDK.png)
EGO Token Sale
Paysenger had 5 rounds of opening sales:
![image](https://file.coin98.com/images/ego-sales-jnqx9sXzvf3o9teL.png)
Token Release Schedule
![image](https://file.coin98.com/images/ego-release-v2cNVoyUFWbYU5g3.png)
Roadmap and Updates
According to the Paysenger team, the project underwent more than halfway through.
Roadmap in 2023 below:
Q1/2023:
Q2/2023:
Q3&4/2023:
Project team, investors, and partners
Project team
Paysenger’s core team:
![image](https://file.coin98.com/images/team-paysenger-U8KF4DAc5zl4ojtW.png)
Investors
The Paysenger project successfully raised $3.5 million from two investment rounds, Pre-seed and Seed. However, the project has not yet announced the list of investors.
Partners
Paysenger currently has many strategic partners such as Consensys and Polygon.
![image](https://file.coin98.com/images/partner-paysenger-wPc3OjNkuJNMcFop.png)
Similar projects
Some SocialFi projects similar to Paysenger include: