We are thrilled to let you all know that we’re launching another IDO on our Ignition launchpad very soon! Meet Beyond Finance, a decentralized platform for creating and trading synthetic financial products.
Whitelist Start: March 29, 2021
Whitelist Close: April 06, 2021, 4AM UTC
Beyond Finance on Ignition: April 12, 2021
Led by a team of x-portfolio managers, investment research analysts and experienced blockchain developers from Singapore, South Korea, Hong Kong and the USA, Beyond Finance brings mainstream financial services to the global crypto community, providing users with a simple solution that allows the trading of both traditional, and crypto-based synthetic products.
What are synthetic products?
Synthetic products are custom-built asset classes created through contracts where investors do not have to own the underlying asset. For example, an individual can own Bitcoins or Ethereum without having a crypto wallet or invest in stocks without having a brokerage account. Their benefit is that they increase accessibility and flexibility for traders and investors and provide an efficient user experience that facilitates existing demand alongside allowing the creation of new markets in the form of IOUs that have not officially been launched yet.
What makes Beyond Finance unique?
While there have been attempts to create synthetic product trading platforms in the past, these platforms have suffered from critical flaws such as having high costs, poor price tracking, low liquidity and lousy UI/UX.
Beyond Finance is working with some of the best minds in the industry to overcome past flaws and streamline a robust, decentralized DeFi based architecture and transparent ecosystem. Beyond Finance provides an easy gateway for institutions, small and medium-sized enterprises, and individuals to create and trade synthetic products with high levels of liquidity, real-time tracking and low costs.
Benefits of the Beyond Exchange platform
The Beyond exchange platform combines the usual Bid/Ask order book mechanisms with the automated market maker model. Although the exchange is fully decentralized, it can support advanced features found on centralized exchanges including limit orders, stop loss/take profit levels and leveraged trading.
Through the Beyond exchange platform, Users can access a wide range of assets, including FOREX currencies, commodities, cryptocurrencies (currently only BTC and ETH), derivatives and equities, without holding the actual assets. This can be achieved through a staking mechanism that allows a user to stake $BYN (Beyond’s native token) and invest in such assets, trade them, and provide loans in the form of Ethereum in exchange for synthetic assets that represent their investments. Additionally, users can stake BYN tokens without investing in secondary assets, which will allow them to benefit from rewards without being exposed to price volatility from market movements.
Beyond has already gained industry interest.
Beyond Finance successfully raised a $7.5-million round from leading blockchain funds, including Moonwhale Ventures, A195, DuckDAO, Cryptomeria Capital, Blocksync, X21 Digital, Rarestone Capital, Master Ventures, Consensus Capital, and more. This was achieved through word of mouth marketing without any advertising in the lead-up to its initial DEX offering scheduled for early April.
Beyond Finance Dao Maker Pool!
Are you a member of both the PAID and Dao Maker community? We have a special Beyond Finance — Dao Maker pool on Ignition for you. If you have 500 $PAID tokens and 500 $DAO tokens you can apply for the Beyond Finance — Dao Maker Pool on Ignition whitelist now!
About Beyond Finance
Beyond Finance is a novel way to access synthetic assets, bringing traditional financial services to the global crypto community. Beyond’s DEX will simplify Synthetic products trade and provide new opportunities.
Twitter: @Beyondfinancio
Website: https://beyondfinance.io/
Telegram Global Community: https://t.me/beyondfinanceglobal
Medium: https://medium.com/@bfinance
About Ignition
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform; it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
About PAID
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the PAID network, please feel free to reach out to us on:
Website: PAIDNetwork.com
Telegram: @PaidNetwork
Twitter: @PAID_Network
Medium: @PAIDNetwork
