Paid Network Partners with SuperFarm
PAID Network is delighted to partner with SuperFarm, a cross-chain DeFi protocol designed to bring utility to any token by turning it into a NFT farm with no code required. SuperFarm teams up with PAID Network to draw more tier one projects to their community and host dual IDO’s with us in the near future.
The Latest Opportunity in DeFi
DeFi’s latest boom is exciting for the future of blockchain and finance as a whole. But a lot of the industry still runs on promise instead of product. It’s why several projects launch with a token that has no real use. To compensate, projects enlist their tokens in “farms,” enabling token holders to stake their tokens and earn interest on them.
Farming, however, is inflationary and often has a negative impact on the token economics of the project. This is where SuperFarm comes in. SuperFarm adds utility to any token by turning it into a NFT farm. Not only do NFTs add utility to the token, projects can also customize incentives within their NFT farms to reward behaviors the project values the most. For example, encourage holders to stake tokens for longer so they get special access to the team.
Elliot Wainman aka EllioTrades, Co-Founder & CEO of SuperFarm, on the partnership:
“Bringing fundamentally strong projects to market through my own audience has been a passion of mine for years, as it is a cornerstone of both innovation and progress within the blockchain industry. Naturally, decentralized launchpads have always excited me as they fit perfectly with the ethos of the EllioTrades community. PAID’s Ignition platform has proven itself as an elite launchpad player, and as such it is a perfect complement to the community behind SuperFarm. SUPER PAID collaborative events will cater to the highest quality projects and bring them to the widest and most passionate audiences in the blockchain space.”
Kyle Chasse, CEO of PAID Network, on the partnership:
“I’ve been a big fan of Elliot and what SuperFarms’ building for a long time, we’re extremely aligned — we both like to work with great projects and put the customer first. Couldn’t be more pumped for our partnership and what’s to come.”
PAID Network’s partnership with SuperFarm is set to offer maximum exposure to projects launching on our respective platforms. PAID Network brings to the table 65,000+ institutional and retail investors, 100+ partners, 50+ top crypto influencers, and more than 35k Community Members.
Combine that with SuperFarm’s 100k member strong Elliotrades community, and we can give a project the boost it needs — all while helping you reap the rewards in our joint IDO’s. It’s a win-win situation for everyone involved and we’re on track to become the #1 launchpad in the space!
How to Participate
The co-IDO will be split into three pools and can be accessed by holding PAID and/or SUPER tokens.
- Pool 1: Exclusively for PAID holders.
- Pool 2: Exclusively for SUPER holders.
- Pool 3: For users who hold both PAID and SUPER tokens.
For PAID holders the rules remain the same as any other Ignition launch for Pool 1.
For Pool 2, SUPER holders will qualify for allocations based on the following criteria:
- For every 75,000 SUPER tokens each wallet holds, they will be granted 1 guaranteed allocation.
- For each 1,000 SUPER tokens each wallet holds, they will be granted 1 ticket for allocation.
- Tickets will be drawn randomly to select winners. Not all holders of 1000 SUPER will be awarded allocation.
For Pool 3, each wallet holding at least 500 SUPER and at least 500 PAID will be granted 1 ticket. This pool provides the highest chance for small wallets to access, yet comes with the smallest allocation size as well.
About SuperFarm
SuperFarm is a cross-chain DeFi protocol designed to bring utility to any token by turning it into a NFT farm with no code required. With an innovative suite of visual tools, any project can now deploy the world’s most exciting new farm with custom rules that incentivize the behaviors they value most. It’s easy to reward liquidity providers, incentivize longer stakes or even provide special access to your project’s services through NFTs with utility.
SuperFarm provides a bridge between current crypto ecosystems and the explosive gaming industry. NFTs from SuperFarm and Official Partner Farms will gain utility within real AAA video games, in this ecosystem, NFTs are no longer just pixels on a screen, but hold the power to unlock unique digital experiences.
About PAID Network
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.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
For any questions for the PAID network, please feel free to reach out to us on
- Website: PAIDNetwork.com
- Telegram: @PaidNetwork
- Twitter: @PAID_Network
- Medium: @PAIDNetwork
