PAID Network partners up with LaunchPools to bring equal IDO opportunities for their communities
PAID is proud to announce its partnership with the egalitarian project investment platform, Launchpool. Launchpool connects varied stakeholders in the crypto community and incentivizes them via its $LPOOL utility token. The partnership opens up the communities of both projects to an array of top-tier, private-round access opportunities.
More for the PAID and LaunchPool community
Thanks to this strategic partnership, $PAID token holders will be able to stake $PAID tokens during Phase 1 of Launchpool. PAID will join 8 other farming tokens on the Launchpool platform. Staking this collection of top-tier project tokens allows token holders to earn $LPOOL tokens and participate in future LaunchPool investment opportunities.
Rev-up for more with IGNITION
The partnership between PAID Network and Launchpool brings the Ignition platform further into the fold, opening up new opportunities as a launch platform. Ignition and Launchpool will be working on cross-platform sharing of private pool allocations. This is a game-changing move, giving the PAID community even more reason to HODL their $PAID tokens!
Launchpool, the great equalizer
Launchpool believes that the current system of crypto sales is broken. Unfair advantages are gained by those insiders who have early access to investment rounds. Public investors are left at the back of the queue, forced to pay more for the same tokens bought by early investors at a discount. Launchpool was established as a means to level out the playing field. By granting $LPOOL stakers equal access to early access to token sales, public investors are able to invest in the same investment rounds as private investors, bridging the gap between the haves and the have-nots.
Update for $PAID HODLers on Launchpool
Ignition’s development team is working with Launchpool to allow all $PAID tokens staked on Launchpool projects to count towards Ignition Whitelist lottery entries.
However at this time it is still not enabled. We will update PAID’s community as soon as we have a definitive green light!
For the time being, if you wish to participate in upcoming IDOs on Ignition,l you need to unstake your tokens and have them in the MetaMask wallet you shared with us in your whitelist application for snapshot. We will verify this when we close each whitelist, as well as when you join your indicated pool on IDO launch day.
We understand there is an issue with restaking from the same wallet on LaunchPool, so if you choose to move and restake between snapshot and each pool’s opening (and therefore wish to change your whitelisted address), you must do this a minimum of 24 hours before the pool opens by submitting a help ticket at help.paidnetwork.com using the “change wallet” category.
Partners built on solid foundations
Both projects are jointly invested by Master Ventures and Alphabit, two established venture firms with long records of success. The alignment of support by two large industry players will inevitably translate to mutually supportive growth.
This partnership also signals a fundamental shift in the crypto ethos, increasing the emphasis on providing equal opportunities to even the smallest fish in the pond. The set of values reflected by acknowledging and addressing the inequity in the launch pad space will be further strengthened, benefitting the larger crypto community and advancing the development of the decentralized, egalitarian world we all envision.
Working together, the two platforms will provide more opportunities for everyone to get access to the best projects early on, and #GETPAID!
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 to execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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, leveraging both PAID Network and Polkadot technology.
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.
Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start to life, maximizing their chances for success in this fast-moving and dynamic space.
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