Pandora will launch its IDO on Ignition!

We are excited to announce Pandora Protocol will be launching on Ignition. Pandora is a scalable, interoperable and high throughput infrastructure that allows asset owners to convert their real-world illiquid assets into a tokenized liquid state.

Here are the important dates to note for participation:

📋 Whitelist Start: May 21, 2020 11AM UTC

⏰ Whitelist Close: May 25, 2021 4AM UTC

🚀 IDO on Ignition: TBD

🔒➡️🔓 Vesting Period: 100% at listing

Apply for the Pandora whitelist lottery for Ignition HERE.*

The current state and limitations off-chain real-world assets.

Over the years and through the advancement of the internet, trade methodology for such assets has evolved from being heavily based on a barter system to nowadays powered by e-trade. However, the process surrounding this is anything but smooth, as it involves a lot of back and forth on price, the involvement of middlemen, unnecessary paperwork and a number of other obstacles that can present themselves at any time during the negotiation. Moreover, another big problem with real-world assets is that only selected assets are acceptable for making a trade, like houses and cars, for example. All in all, there are trillions of dollars of assets worldwide that have value, but because of the lack of a platform to market them on, they remain stagnant and illiquid.

Pandora is bridging the gap between real-world and on-chain assets.

Tokenization means converting an asset, either real or virtual, into a digital token. It enables digital transfer, ownership and storage without the necessary need of a central third party/ intermediary. In the digitized world we live in today, all kinds of assets can be tokenized, including real estate, art, fancy cars, commodities, and more. Once tokenized, such assets can be registered on the blockchain and tracked in real-time to recognize, identify, and prevent potential misuse.

Pandora will achieve this by creating liquidity enabled NFTs (non-fungible tokens) to tokenize off-chain assets so they can reach their full potential. Today’s major issue in the global NFT space is the lack of liquidity, and this is where Pandora seeks to add much value. Instead of competing with other NFT platforms for liquidity, Pandora will be helping them grow. This is envisaged through the creation of a marketplace with real-world augmentation features where both digitally native and real-world assets can provide liquidity and accurate pricing data while also continually being updated with relevant, exact on-chain data. Once transferred on-chain, real-world assets will gain competitive advantages such as being subject to exchange between users through simple, secure and reliable transactions, having the ability to be lent and borrowed without intermediaries and also double yield generation.

*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which vary per project on a case to case basis. For a list of Pandora specific restricted KYC countries, check HERE.

About Pandora Protocol

Website | Twitter | Medium | LinkedIn |Telegram

About Ignition

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.

PAID Ignition Platform: Ignition.PAIDNetwork

About PAID

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.

For any questions for the PAID network, please feel free to reach out to us on:

Apply for the Pandora whitelist lottery for Ignition HERE.*