Partnership: PAID x LGCY Network
Bringing SMART Agreements to LGCY Network’s Upcoming Supernova Mainnet.
We are tremendously excited to announce that we have forged a partnership with next-generation blockchain infrastructure platform LGCY Network.
LGCY Network is an open-source protocol that developers can use to build and launch powerful decentralized applications (dApps) that avoid the adoption bottlenecks seen on other blockchains — largely as a result of high transaction fees and congestion.
Kyle Chasse, CEO of PAID Network, on the partnership:
“As a layer one, DPOS-based network with ~1 cent average transaction fees, LGCY Network is well-positioned to become a hotbed of innovation. We at PAID Network want to ensure that developers building on LGCY Network have access to SMART agreements as quickly as possible, bringing automatically executed legal contracts to users.”
LGCY Network is a rarity among smart contract platforms in that it supports developers building on the platform with a generous developer fund — which will be used to fund 24 different projects over a two-year period. Helping to kickstart the first generation of massively scaling dApps and build out its early DeFi infrastructure.
As part of our bid to bring SMART agreements to the broader cross-chain ecosystem, we’ll be working with LGCY Network to make SMART agreements available to developers building on the platform’s upcoming Supernova mainnet. With this, developers will be able to leverage our SMART agreements technology to streamline their business logic and power ever-more capable DeFi applications, while users will benefit from dramatically improved efficiency and peace of mind.
Wes Wade, co-founder at LGCY Network, said:
“We are excited to be working alongside PAID Network to bring their advanced smart contract-based business agreements technology to LGCY Network.”
Our partnership with LGCY Network represents another step in our cross-chain ambitions, and will help ensure that SMART agreement technology will be truly blockchain agnostic. LGCY is now just weeks away from launching its Supernova mainnet — we expect to see the first dApps using SMART agreements not too long after that.
About LGCY Network
LGCY Network is an ultra-fast DPoS-powered blockchain protocol that is built to power the future of decentralized applications.
Originally forked from TRON, LGCY Network runs on the Libertas Protocol, and is designed to be the most open and accessible dApp-capable blockchain. Thanks to its high speed and low costs, LGCY Network represents an attractive platform for building truly scalable dApps that can support potentially millions of simultaneous users.
- Website: lgcy.network
- Twitter: LGCYNetwork
- Telegram:@LGCYNetwork
- Medium: LGCY Network
About PAID
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.
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
