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EGO is an internal token of the Paysenger service. Paysenger is a collaboration platform for content creators, fans, and brands, with the best tools for content monetization and audience engagement. It utilizes advanced technology and proprietary AI developed in collaboration with Dr. Tamay Aykut, previously a professor at Stanford. The project is supported by major blockchain platforms like Polygon and ConsenSys.
On the platform, users can send authors paid requests for exclusive content, tips, expert opinions, and consume paid content through subscriptions. Paysenger expands the paid creator audience by allowing users to support creators and commission their content with EGO tokens earned by completing tasks on the platform.
Paysenger also facilitates collaboration between idea creators (sponsors and brands) and creators, leading to the creation of new content. Fans can support creators, communicate with them, and order media content.
Some artists find AI tools unethical as they often use unauthorized artwork from the internet, leading to visible watermarks or signatures. Additionally, AI art can undermine the skills of human artists and exploit their labor for profit. Paysenger addresses these concerns by introducing a personalized AI model that learns and generates art in the creator's unique style.
Paysenger aims to bridge the gap between Web2 and Web3, creating an ideal environment for mass adoption of blockchain technologies and attracting millions of Web2 users to Web3 technologies.
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What Is Paysenger (EGO) Crypto?
Paysenger (EGO) Crypto is a unique real-world cryptocurrency application that aims to tackle copyright protection challenges in the AI era by providing solutions for digital content protection and monetization using AI tools and blockchain technology. Paysenger safeguards content from misuse in the age of AI by verifying the authorship of the content and preventing it from being replicated by generative AI platforms.
The Paysenger platform utilizes artificial intelligence to explore the artwork in the creator's portfolio and generate new projects. Paysenger then secures the copyright for these AI-generated pieces of content by leveraging blockchain technology and non-fungible tokens (NFTs). Every artwork created on Paysenger using AI is attributed to its original creator rather than the team of AI tools that generated it, streamlining the content monetization process for creators.
The EGO token plays a crucial role as the native cryptocurrency of Paysenger. It serves as a multi-purpose token that facilitates all transactions on the platform and supports interaction between its various components. EGO covers the entire "production" chain of generative art, from minting and selling NFTs to rewarding the original authors.
The Paysenger team introduced the EGO token to the general public through an initial decentralized exchange offering (IDO) on various platforms. EGO's significance lies in bridging the web 2.0 audience and the world of blockchain technologies, gradually immersing creators and experts in the crypto world while offering a unique experience that sets it apart from web 2.0 competitors.
As of August 2023, Paysenger's services are available to 50,000 users, including digital content creators, as the platform collaborates with experts and influencers in the art business. Paysenger aims to address issues related to copyright infringement, unethical AI-art generation tools, and content monetization in the AI era, all while supporting creators and building a user base for blockchain networks.
How Does Paysenger Work?
Paysenger is a web3 social network and app that enables creators, fans, and sponsors to collaborate and bring content ideas to life. The platform allows content creators, including influencers, bloggers, artists, actors, musicians, and more, to monetize their interaction with their audience by offering paid messages, video greetings, consultations, and private chats. Here's how the Paysenger app works:
Creators and Experts
Content creators, known as Experts, join Paysenger and get rewarded in tEGO tokens for posting content loved by their audiences and responding to their fans' requests. They can create, collaborate, and earn with their favorite Creators and Experts on the platform.
Content Requests and Collaborations
Fans and sponsors can request paid exclusive content, private chats, or consultations from their favorite creators through the platform. These requests allow fans to directly communicate with popular creators who might be difficult to reach otherwise.
Monetization for Creators
Paysenger makes monetization easy for creators, offering various ways to earn tEGO tokens. Creators can respond to paid messages from fans, fulfill content requests from sponsors, collaborate with other users, and receive sponsorship proposals from brands and sponsors.
Communication and Rewards
Users, patrons, and supporters can communicate with their favorite creators through the platform. They can like and comment on content, and their interactions are rewarded with tEGO tokens. This reward system is designed to incentivize user activity and engagement.
Paysenger vs. Patreon
Paysenger and Patreon are both content monetization platforms. Paysenger targets new to medium-sized creators, offering opportunities to find supporters, monetize content, earn tokens for posts and likes, collaborate with others, and receive support from those who can't afford traditional payments. It utilizes a simple, no-obligation payment system with virtual coffee tokens.
Patreon, on the other hand, focuses on building a fanbase through recurring subscriptions, offering exclusive content and rewards. While both have their advantages, Paysenger provides no-obligation payments, flexible monetization, and generous pricing plans with an option for a Gold membership for additional features and commission-free donations. However, its virtual coffee donations are limited compared to other platforms.
When Was Paysenger Launched?
Paysenger was founded in 2020 and is headquartered in Cupertino, California, United States. The company has received funding, raising $3.5 million in a Seed round, with its most recent funding round as of August 2023 closing on June 1, 2022.
Paysenger has plans to expand its ecosystem beyond simple communication and monetization by introducing an internal NFT marketplace.
Users can convert communication records with influencers into NFT tokens, which can be sold on the internal marketplace. Paysenger also aims to evolve into its own Metaverse, where bloggers, influencers, and experts can hold concerts, lectures, and events, and open their stores within the virtual world of Paysenger.
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Is Paysenger (EGO) a Good Investment?
Here are some reasons why you could consider investing in $EGO crypto:
Unique Social Platform
Paysenger is a social platform that empowers the creator economy by rewarding collaboration between idea makers, creators, and fans. It functions as a create-to-earn ecosystem, offering new ways for users to earn through the co-creation of internet content collectively. The platform's Fair Revenue Distribution model compensates creators and idea makers and rewards fans for engaging with viral content.
Paysenger's Technology and AI Collaboration
Paysenger incorporates state-of-the-art technology and proprietary AI developed in collaboration with Sureel.io led by Dr. Tamay Aykut, a Ph.D. in AI, previously a professor at Stanford. The platform leverages advanced technology and expertise to enhance user experience and platform functionality.
Collaboration and Monetization
Paysenger's platform allows users to send paid requests for exclusive content, tips, or expert opinions from content creators. Additionally, users can consume paid content on a subscription basis. The platform enables users to support creators and commission content using EGO tokens, which can be earned by completing tasks on the platform.
What Is Paysenger Price Prediction?
While we cannot provide a precise EGO price prediction over any timeframe, the following factors could offer an understanding of the price action and volatility in the Paysenger crypto:
Level of Adoption of Paysenger App
Paysenger aims to attract millions of new users to use web3 technologies through its innovative platform. The growth in the user base and adoption of the Paysenger platform can positively impact the Paysenger price, as more users would require $EGO for interactions, content monetization, and other activities.
Paysenger's Partnerships and Endorsements
Paysenger's partnerships with major blockchain platforms such as Polygon and ConsenSys can enhance its credibility and visibility. Positive endorsements from influential investors or industry experts can also increase interest in the EGO token.
Future Developments in Paysenger Ecosystem
The continuous development and improvement of the Paysenger platform can attract more users and increase the platform's value proposition. This, in turn, can positively impact the EGO to USD price.
EGO Staking and Rewards
Paysenger's staking program, where token holders can receive more EGO tokens, can incentivize token holders to hold and stake their tokens, reducing the circulating supply and potentially increasing the value of Paysenger token.
What Is EGO Token Used For?
The Paysenger (EGO) token is the utility token used within the Paysenger platform and has the following use cases:
Native Currency in Paysenger App
EGO tokens can be used for making payments within the Paysenger platform. Content creators can receive payments from their fans and supporters through EGO tokens for their content and interactions.
Trade NFTs on Paysenger Platform
The EGO token is used for trading and purchasing NFTs on the Paysenger platform. Creators can tokenize their unique content and artworks, and fans can buy these NFTs using EGO tokens.
Access Paysenger's Features
EGO token holders gain access to various platform features and benefits, such as leveling up profiles and purchasing levels. With each level, token holders unlock additional benefits and opportunities, with token withdrawals available from certain levels.
Community Engagement
EGO tokens are crucial in fostering community engagement on the Paysenger platform. They incentivize users to actively participate, create valuable content, and interact with their favorite creators.
Trade EGO on BYDFi
Trade Paysenger token against other cryptocurrencies on the BYDFi Spot Market to profit from changing market conditions and volatility. Buy or sell EGO, or hold the token long-term if you believe in the future potential of the Paysenger platform. Remember to do your own research (DYOR) before making any trading decisions in the crypto market.
You can use EGO tokens to communicate with content creators, order personalized content from them, and support them financially.
Earn Staking Rewards
Paysenger plans to implement a staking feature for EGO token holders, allowing them to stake their tokens and receive additional rewards for participating in the platform's ecosystem.
How to Earn on Paysenger App
You can earn tEGO tokens, Paysengers native currency, by participating in various activities, including:
Content Creation
Creators collaborate with Idea-makers to create content in the form of NFTs. You can earn direct commissions for creating NFT content. If your created content goes viral on the platform, the NFT holder (content owner) and the original creator are eligible for rewards.
Contests and Special Event Rewards
Paysenger organizes contests based on content popularity, themes, and partnerships. Participating in these contests and creating popular content can earn you monetary rewards.
Social Interaction and Participation
Engage with the platform by following, liking, and commenting on content. Your impact on content popularity is rewarded in proportion to your actions.
NFT Sales and Royalties
If you're a creator and your NFTs are sold, you receive fair rewards for your digital work. These creator earnings are paid every time an NFT is transferred between wallets.
Answering Paid Messages and Content Requests
If you're a creator, you can earn tEGO by answering paid messages from fans, fulfilling content requests from sponsors, and collaborating with other users.
Sponsorships or Idea-making
If you're a sponsor or an Idea Maker, you can earn tEGO tokens by supplying ideas to creators, collaborating with influencers, and producing content in collaboration.
Engaging with Content
As a general user, patron, or supporter, you can earn tEGO by giving likes and comments to content in the feed. You can also support your favorite creators by sending paid requests, and if your request gets declined or ignored, you get refunded.
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