We are delighted to announce our partnership with MANTRA DAO, a community-governed DeFi platform focused on staking, lending, and cross-chain financial services.
This new partnership will encompass multiple aspects of collaboration, essentially enhancing our existing relationship with MANTRA DAO in several strategic ways. MANTRA DAO will introduce our PAID v2 token as a suppliable asset on ZENTEREST, its Money Markets lending platform, alongside joining its ZENDIT IDO platform with our Ignition launchpad to support dual listings of high-quality IDO projects. Moreover, MANTRA DAO will also utilize PAID SMART Agreements and explore this technology to streamline processes surrounding the formation of future business agreements.
Will Corkin, Co-Founder of MANTRA DAO commented:
“We are extremely excited to be taking this next step with the PAID Network team since we have been working closely with them, through Master Ventures, since the MANTRA DAO initial membership offering back in August of 2020. Their team has an incredible understanding of the DeFi and blockchain space and we know that by partnering together and sharing deal flow through our IDO launchpads and beyond, we will be able to exponentially grow our communities and global reach, all while bringing our members the best projects coming to market!
It’s a passion of ours at MANTRA DAO to work and partner with driven teams that we know share our long-term vision, and this is especially so here!”
This formation of this partnership between PAID and MANTRA DAO will provide both projects the opportunity to work closely together to not only share technology but facilitate the launch of top-tier IDO’s to their communities through ZENDIT and Ignition. In turn, selected IDO’s will get access to investment and the chance to form strategic partnerships with both our projects.
Kyle Chasse, CEO of PAID Network, had the following to say:
“We have worked with MANTRA DAO for more than a year now as we advised the project through Master Ventures. They are an incredible company with a great team and it has been impressive watching them succeed, which is exactly why we felt a partnership would be mutually beneficial.
Working with them to support dual listings of IDO’s will allow us both to access more high quality deal flow for our communities and continually increase the value we can deliver. Introducing $PAID into the ZENTEREST money market lending platform creates more utility and opportunities for our holders through creating yet another use case for our token.
As MANTRA DAO continues to grow, efficiency and cost savings will be more and more relevant. We will work closely with the MANTRA DAO team to implement an optimized process that will not only save their team time but also a significant amount of money as well. “
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Building on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
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.
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