PAID Network Delivers Again: Tier-1 Project Shadows Commits to Ignition Launch

5 min readFeb 5, 2021

PAID Network has emerged strongly into the market since its recent IDO, in large part due to its ability to deliver, and deliver big!

Just after lighting the crypto world on fire with his vision to disrupt the outdated and inefficient legal system with PAID’s all-in-one legal platform, CEO Kyle Chasse dropped the mic again when he announced that Ignition, PAID’s groundbreaking IDO platform, will be launching later this month. That’s right, just weeks after delivering their MVP (think DocuSign on-chain) and the launch of one of the most successful IDO’s of all time, the PAID team is outdoing themselves again, delivering what many believe will change the game of how IDO’s and communities unite.

Powering the PAID platform

Ignition, as the name implies, is the fuel and power behind the PAID platform, as it creates incredible utility and opportunities for the $PAID token and token holders. Those holding $PAID can participate in lottery tiers ranging from 2,500–10,000 tokens in order to win whitelist opportunities in upcoming IDO offerings. Participation in higher tiers will offer increased opportunities to whitelist, as well as higher contribution amounts. An additional fourth tier guarantees those holding 75,000 $PAID allocations in all upcoming IDOs, for the largest allocation amount. Make sure to hold on to your $PAID tokens.

The PAID team recently announced another strategically planned value-add, where they will incentivize IDO participants to hold project tokens purchased on Ignition, in return for exclusive opportunities. $DOWS is one such example.

Be one of the first to access Shadows public sale whitelisting HERE!

Launching only the best!

Upon launching Ignition, the PAID team announced their intent to only deliver the highest-quality deal flow to its community, and they have once again over-delivered. The first project launching on Ignition will be Shadows, a Tier-1 project set to be the backbone of Web 3.0 for the store-of-value on the Polkadot ecosystem, allowing anyone to trade on-chain assets from anywhere, anytime. Shadows is a hub for issuing, trading, lending, and borrowing synthetic assets. It aims to be a decentralized derivatives financial hub. To put this into context, a comparable project on Ethereum is Synthetix, a top-20 project with a market cap of over $2.2BN.

Shadows Co-founder and CEO, Iror Chen, had the following to say:

“We couldn’t feel more excited to be the first project to commit to launch on Ignition. Our decision came after seeing how well PAID did in marketing its own IDO, thanks in large part to its big community and powerful influencer team. We love how Ignition aligns everyone’s interests through their token incentive mechanism, and truly believe they will add exceptional value to Shadows in the long term.”

Potential to be the most successful this year

As one of the most anticipated projects of this year due to its innovative technology, Shadows is already captivating the industry and catching the eyes of some of the most credible foundations and grant programs. The team has already received one of the industry’s most notable grants, the Web3 Grant. Shadows is built on Polkadot, and will be a massive addition to Web 3.0 and the supporting infrastructure. Being a part of the Polkadot ecosystem is a strong indicator of their massive potential for success.

Led by a team of experienced blockchain and tech superstars, Shadows has already landed partnerships with huge players like Parity, Substrate, Master Ventures, DuckDAO, Alphabit, Blocksync Ventures, and A195 Capital. With these credentials, Shadows undoubtedly has the potential to be one of the most successful projects of the year.

Shadows introduces the $DOWS token, which will enable four uses for holders:

1. Governance

2. Share of trading fees

3. Staking

4. Synthetic asset rewards

A reason to be excited

With all the excitement mentioned above, it is easy to see why the Shadows’ investor commitment list is massively oversubscribed, effectively illustrating why the PAID team is so excited to bring this opportunity to its community. Included on a shortlist of selected partners, Shadows has been in discussions with PAID to launch on Ignition. The partnership is a huge win for both projects, teams and communities. This mutually beneficial alliance can be largely attributed to PAID’s highly successful launch, leading influencer team, and sizable and strong community. These elements were the key factors that convinced the Shadows team of the benefits and strategic importance of this partnership. Once Ignition’s platform is launched, Shadow’s exact listing date will be announced soon after.

Shadows will be one of the first Tier-1 projects to benefit from PAID Network’s unique value proposition. All projects listing on Ignition will have access to the same community and marketing team expertise which enabled PAID Network to gain over $55M in investment requests, subsequently opening with one of the most successful launches of all time.

To whitelist for Shadows public sale apply HERE.

Support from PAID’s community

Ignition projects will gain support from PAID’s community of over 60,000 people across Telegram and Twitter (at the time of publication, PAID’s telegram group currently ranks as the 22nd most popular in the world among English-speaking telegram communities). Ignition projects will also benefit from access to over 50 thought leaders and influencers. Their communities will combine to create a total following of nearly 1.5 million crypto enthusiasts.

Most importantly, Ignition listings will benefit from the strategic advisory leadership team from Master Ventures, the incubator behind PAID Network. Master Ventures has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.

A powerhouse called FUEL

Master Ventures and PAID recently announced that they are joining forces to create the powerhouse incubator “FUEL”. This joint venture combines the wealth of Master Ventures’ experience in advisory, token economics, sales, marketing, and incubation with PAID Network’s extensive influencer and investor community. Together, they will provide Ignition-listed projects the infrastructure and formula required for long-term success, for teams and investors alike.

Ready for take off!

Ignition will ultimately help produce higher quality listings that serve both the needs of teams and investors to produce long-term wins for all parties. We are excited to be able to welcome Shadows to Ignition, and to assist the team in replicating the successful launch of PAID itself. The fuse to the first Ignition listing has been lit!

About Shadows Network

Shadows is a decentralized synthetic asset issuance protocol built on Substrate. The value of these synthetic assets is underpinned by DOWS, and as long as DOWS is locked in a smart contract, synthetic assets can be issued.

About PAID Network

PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.