PAID Network showcases two amazing applications — The PAID Business DApp and Ignition. The PAID Business DApp is a decentralized ecosystem designed to redefine the civil legal system, and ultimately disrupt the way the world does business and Ignition is the industry’s hottest launchpad. The team is pleased to announce that they have successfully integrated with Binance Smart Chain.
This integration is just another way PAID Network is reaching the masses, continuing their success as one of the elite launchpads in the space and adding layers upon layers of value to platform users. By offering the PAID Business DApp on BSC, the platform is accessible by more users as it bridges access to the BCS ecosystem as well as providing an alternative to the current costly gas fees on Ethereum.
And for Ignition, the integration is just as exciting. The bridge will allow projects to launch on Ignition within the BSC ecosystem and feature their IDO on PancakeSwap similar to how they currently utilize the Ignition, UniSwap combo. Similar to the impact with the PAID Business DApp, the integration also allows an option for lower gas fees when compared to current fees on ETH.
Kyle Chasse, CEO of PAID Network, on the integration:
“It’s easy to see why the team is so pumped about this integration and the value we will be able to offer our community and the projects launching on Ignition. Aligning more closely with an industry leader like Binance and bridging the communities is a huge win for us.”
Binance Smart Chain, the community-driven blockchain ecosystem, is one of the leading protocols in the crypto space. The recent issues with Ethereum’s gas prices have unfortunately priced many smaller players out of the market, leading to a sharp increase in interest from our community in being able to use PAID Network on Binance Smart Chain.
The importance of Binance Smart Chain to DeFi users globally is impossible to ignore. PAID Network has always been committed to supporting multiple protocols, being built for both Polkadot and Ethereum, and we are excited to add support for Binance Smart Chain to our PAID MVP DApp. This means that any Binance Smart Chain user can use PAID Network for SMART Agreements.
This is another important step for PAID Network, as we continue to develop and add features to our protocol. We are in the process of completing our bridge from ETH to BSC which will allow users to mint a BEP20 version of the PAID token, more on this coming soon.
Having PAID Ignition native on Binance Smart Chain will allow us to launch BSC projects in addition to the stable of exciting tier-1 projects we’ve already been launching on the Ethereum network. Whether they are a BEP20 or ERC, users will be able to easily purchase on Uniswap or Pancake Swap with transactions that are painless, seamless, and convenient.
We want to make business exponentially more efficient, through seamless smart contract execution of DeFi transactions and business agreements. By integrating with Binance Smart Chain, we have added additional options for users to choose the blockchain they wish to use PAID Network on.
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.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
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**Note: This article has been edited to showcase PAID Network and Ignition’s current technical developments.