AMA RECAP : Crypto Infinity x Papel.

6 min readJun 25, 2021

🏆 AMA: Crypto Infinity x Papel

👨‍💼 Special Guest: Professor - CEO of Papel

AMA Date: June 24, 2021
⏰ AMA Time: 1 PM UTC | 8 PM (GMT +7)
🏚 Location: Crypto infinity group

INTRODUCTION.

San | Community Manager | Marketing |:
Can you introduce yourself to the community before we start the AMA? @PAPELPROFESSOR

Professor | Never DM first:
I am the Professor. I am a software engineer with over 10 years of experience in IT. Founder of the project and leader of the team, and the one who carefully plans and organises developments and strategies for PAPEL token.

San | Community Manager | Marketing |:
Q1: What is PAPEL and its goal?

Professor | Never DM first:
PAPEL is a Binance Smart Chain token.
Our goal is to create a community of different people from all walks of life coming together to achieve something bigger than themselves (our story is inspired by the Money Heist Tv Show). PAPEL (www.papeltoken.net) is more than just a community token, we are building several products in DEFI (PAPELSwap, PAPELCash) and entertainment (PAPELTV).

San | Community Manager | Marketing |:
Q2: Can you tell us more about PAPEL TV?

Professor | Never DM first:
PAPELTV will be the first fully decentralized streaming platform. On different platforms users usually need to login to start a stream or make/receive donations.
With PAPELTV users can simply use their wallet (Metamask, Trustwallet etc) for any type of activity by sending and receiving PAPEL token that will be instantly available in the streamers' wallets. Furthermore, to make a comparison, on Twitch donations or subscriptions are subject to fees and credit times are not immediate. Instead, transactions on PAPEL TV will be immediate and fee-free.

San | Community Manager | Marketing |:
Q3: Are we going to be able to use PAPELSwap on a trust wallet like PancakeSwap?

Professor | Never DM first:
Yes, the same way.
Hit connect button in the corner and select 'wallet connect', approve and you are ready to swap! Watch our video on how to buy PAPEL on PAPELSwap to know more.
https://twitter.com/PAPELtoken/status/1407288708647247874?s=20

San | Community Manager | Marketing |:
Q4: Is Papel Pay's goal similar to Crypto.com's? That is to say having an exchange where the purchase of Paple Token is pushed in one way or another, allowing the purchase of other cryptocurrencies, or do you want to make Papel Token a real payment system? What kind of vision do you have?

Professor | Never DM first:
PAPELPAY is an ambitious idea that we hope to bring to light in the near future as soon as possible.With regard to the world of the payments: our main focus is on online payments and subsequently on crypto storing.

San | Community Manager | Marketing |:
Q5: How far along are you with your roadmap goals?

Professor | Never DM first:
We are good there.
New website has been released, PAPELSWAP too. We are going to make public the online shop by the begin of July.
PAPELTV is going pretty well, probably we will show a demo by the end of July.

San | Community Manager | Marketing |:
Q6: When will the team member identities become public?

Professor | Never DM first:
Probably during the Summer.
We play the money heist game and it is nice to keep playing the Professor and his team game. Furthermore, many crypto teams are anonymous.
Concerning trust, behind the project, there is a company that signs contracts, agreements, partnerships and it gets all the liability.

TWITTER QUESTIONS.

San | Community Manager | Marketing |:
Q1: What doe mechanism helps PAPEL Token increase the scarcity of $PAPEL tokens in the market? PAPEL Token borrowers or lenders, what will encourage them to hold the $PAPEL token?

Professor | Never DM first:
We have already burned so far 91% of the total supply. Furthermore each transaction takes 10% of fee: 5% redistributes to holders and 5% is burned in LP.

In addition, sometimes we do manual burns too.

San | Community Manager | Marketing |:
Q2: Many projects cryptocurrency are not solving any real problem, they just exist to sell their tokens. What problems exactly is your solving, and solutions are you provide?

Professor | Never DM first:
Our main focus is decentralization.

The first problem we will solve with our project is to decentralize the streaming/donations and everything related to it.

With PAPELTV users can simply use their wallet (Metamask, Trustwallet etc) for any type of activity by sending and receiving PAPEL token that will be instantly available in the streamers' wallets.

Another problem we want to solve, but it’s a less technical problem: financial education.

With videos and tutorial we want to teach how to get into the finance world and crypto in a safe and healthy way. Many young people do not do it yet and get in trouble.

San | Community Manager | Marketing |:
Q3: I saw that you are running a Charity Program for children. This is good for the community and I appreciate it from a project. However can you details how the money for this fund is collected from users and where will you use it for (what childrend community)?

Professor | Never DM first:
We collect money for donations in 2 ways.

First one: PAPELSwap (our DEX, the first charity exchange in the world) for each trade 0.05% is donated to charity. On our website, the fees allocated to the charity are counted and public.

Second way: Manual donation to the charity wallet.

What about the use, we will send the funds to the official addresses of the charity companies and share the transaction with our community.

San | Community Manager | Marketing |:
Q4: A question about $PAPEL token, adoption of token to the ecosystem is one of the good things to increase its usability and spend, so what role does $PAPEL token play to the ecosystem?

Professor | Never DM first:
Each tool in our ecosystem will use $PAPEL token. More people use PAPELswap, PAPELTV and all of its products more the scarcity of PAPEL and price can increase over the time.

San | Community Manager | Marketing |:
Q5: How can I support the team and the PAPEL community?

Professor | Never DM first:
Like, comment and share our posts. Tell your acquaintances about PAPEL. Be active in the community and don't FUD. Everyone is crucial for the good of the project.

LIVE AMA QUESTIONS.

1. How to make PAPEL easy for everyone? Even people who don’t understand crypto will use PAPEL?

A: In our roadmap, we have PAPEL school - A Cryptocurrency Education Program and courses in Cryptocurrency and Personal Finance Education. We want young people to have a better background and knowledge of the world of finance and crypto. The program will start in Q4.

2. As crypto users, we don't want to lose our assets to some scam project where our money run away and disappear, so why should we invest in your project like a long term investment? #PAPELAMA

A: Yes, I also feel there are too many projects out there and some of them are worthless. We try to be as transparent as possible, we locked our liquidity for 5 years and we share with the community all our picks and developments.

3. The cryptocurrency market is increasingly competitive. What is your unique "selling point"? And how will you take advantage of it? #PAPELAMA

A: PAPELTV is definitely our selling point. It will take us to the next level. We expect tremendous growth in users and adoption once PAPELTV goes live.

4. Smart contracts are prone to errors, and even recently three large new DeFi projects have fallen victim to this, costing users money. How efficient and secure is your smart contract, and have you ever tested it through any external parties? #PAPELAMA

A: Yes, I realize too many developers haven't invested time in development or testing. We worked hard and we also did an AUDIT with 2 different companies: https://www.certik.org/projects/papel https://github.com/TechRate/Smart-Contract- Audits/blob/main/Papel.pdf

5. Do you have a Whitepaper if yes, please share it with us and secondly do you have any plans to sell it in advance? Where can we join it? #PAPELAMA

Answer Please check our website with

Our video: https://www.papeltoken.net/

Here is our white paper: https://www.papeltoken.net/white-paper/

The pre-sale was completed 2 months ago, but you can now buy on

Bitmart (https://www.bitmart.com/trade/en?layout=basic&symbol=PAPEL_USDT)

Hotbit: https://www.hotbit.io/exchange?symbol=PAPEL_USDT

PAPELSWAP: https://www.papelswap.net/