May 7, 2021

5 min read

Introducing Apollo-X: The IDO Platform set to be Ignition’s wilder sibling

Apollo-X: The IDO Platform set to be Ignition’s wilder sibling

PAID Network is excited to announce the upcoming launch of Apollo-X, Master Venture’s second decentralized project launchpad. Following the tremendous success of our inceptive Ignition IDO platform, a second launch platform to appeal to the broader masses became necessary. This allows Master Venture’s and PAID Network to achieve the goal of blockchain, which is true decentralization, by creating more room for involvement and participation in the decentralized industry.

What is Apollo-X?

Apollo-X is an IDO platform which Master Venture’s has dubbed Ignition’s wilder, more adventurous cousin. It complements the services of Ignition, widening the service portfolio of Master Venture’s ecosystem and adding value to the PAID community. Apollo-X creates inclusivity in the ecosystem by increasing the opportunities for participating in upcoming and exciting decentralized projects.

If you have any questions for the team, head straight over to the Apollo-X Telegram channel.

Creating equal opportunities for the community

The motivation behind Ignition was to help accelerate the development of vetted projects while providing our community early access to them. Vetting meant that some projects would never launch their IDO on Ignition because they did not meet a specific set of parameters. Community members are also vetted before participation, meaning that some will be locked out of the involvement by not meeting Ignition lottery requirements. Ignition, therefore, fits the desires of the more conservative crypto enthusiasts.

Ignition’s vision is to deliver straightforward, or what would be termed as “blue-chip” alternative projects to the community. It, therefore, means that some projects are automatically disqualified as they do not fit the definition. However, it does not mean that the projects behind these tokens are substandard. Some of them may be industry-defining, once given the proper platform to shine.

For example, one of the most common challenges start-ups face is the inadequacy of funds. To be accepted by Ignition, a user requires a minimum of 1000 $PAID for entry. This probably locks out or discourages some members of the public from participating in the PAID ecosystem.

Willy Kerr, Co-Founder of Apollo-X says:

Kyle Chasse, CEO PAID Network, says about Apollo-X:

The entry of Apollo-X creates balance in PAID’s ecosystem. It loosens some of the restrictions, such as the 1000 $PAID requirement, to encourage participation while also maintaining more or less the same rules as seen on Ignition. Apollo-X targets the more novel wildcard projects that may not appeal to the Ignition market en masse.

Apollo-X will compliment Ignition’s already thriving fundamentals

Like siblings, Apollo-X and Ignition have their strengths and weaknesses; however, because they exist in the same ecosystem, they can complement each other, improving the strengths of PAID Network while eliminating any possible shortcomings.

On inclusivity, the existence of both platforms allows everyone to participate in IDO launches and participate in lucrative projects. The traditional “blue-chip” seeking crypto-enthusiast type will be satisfied with the options on Ignition, while the more adventurous may find the options on Apollo-X thrilling and worthwhile.

Master Ventures greatly values community involvement as it is the backbone of the ecosystem’s success, as seen in the PAID community. Inclusivity also makes it possible for the PAID ecosystem to balance community participation and create value for everyone. The Ignition setup is designed to boost the value of the PAID ecosystem through its $PAID requirement for participation. Apollo-X promotes community participation by lowering participation requirements for IDO launches. Therefore, community members benefit from both participation and utility value of $PAID.

In terms of diversity, the two platforms give community members numerous options to choose from. As Apollo-X hosts more experimental projects, users will see novel blockchain applications in the upcoming projects. It gives the community members early access to projects that will require a more significant risk appetite than projects on Ignition, being –diamonds in the rough’ so to speak.

With Apollo-X and Ignition, both “whales” and the “every-day” $PAID holder will be satisfied with the options available in the PAID ecosystem.

About Apollo-X

Apollo-X is an upcoming IDO launch platform that is the brainchild of PAID Network and Master Ventures. It creates inclusivity, diversity, and provides growth opportunities by complementing the services of Ignition. While maintaining the same ethos as Ignition, Apollo-X’s requirements allow for a more diverse set of projects to launch, allowing for greater community involvement. By working with unpredictable experimental projects, Apollo-X plans to help truly decentralize and diversify the IDO launch landscape by giving participation opportunities to both upcoming projects and users of the PAID Network ecosystem.

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 to execute DeFi transactions and business agreements seamlessly.

For any questions for the PAID network, please feel free to reach out to us on: