Update on PolkaFoundry’s launch IDO on Ignition

UPDATE on the PolkaFoundry IDO on Ignition:

PAID Network and PolkaFoundry have mutually agreed to have the PolkaFoundry IDO take place on Duckstarter, where a special pool for PAID whitelisters will be featured (all Ignition whitelisters for PolkaFoundry will be automatically added to this pool on DuckSTARTER, however in order to buy on DuckDAO, all whitelisters must register an account there and KYC, if you don’t already have one). This decision was found to be in the best interest of our communities.

PAID Network and Polkafoundry remain committed to each other as strategic partners and have full intentions of collaborating with one another moving forward. We wish the best of luck to all our PAID whitelisters, on the upcoming PolkaFoundry IDO, and the best of luck to our partner PolkaFoundry.

PAID Ignition is coming in strong, just over a month since it was announced, the PAID IDO platform presents yet another top tier project that has committed to launch an exclusive Ignition IDO, PolkaFoundry. PolkaFoundry is the one-stop production hub for DeFi on Polkadot through allowing users to create borderless and frictionless DeFI applications. The IDO will commence on March 16, 2021, at 2pm GMT.

We are excited to announce you can now whitelist for PolkaFoundry’s IDO Whitelist HERE, and don’t wait! We close their whitelist Sunday, March 7th at 2pm GMT.

A one-stop dApp factory

PolkaFoundry provides interoperability between DeFI and Web 3.0 applications. The project leverages the ecosystem, true interoperability and scalability of Polkadot and Substrate. It has a unique UX-enabling feature that brings dApps to a much broader population. It is EVM-compatible allowing for straight forward migration from Ethereum, with built-in services that make identity management, file storage, and Oracle data access easy for any dApp project.

Building the future one dApp at a time

Thanks to having everything under one hood, PolkaFoundry makes dApp development easy. Developers can explore new horizons of the DeFi landscape. Projects can create open lending platforms, decentralized insurance, a cross-chain DEX, asset auctions & marketplaces, prediction markets, and other DeFi derivatives. PolkaFoundry is optimized to tackle various real-world problems, especially those related to dApp UX. It Enables DeFi teams to create a variety of products that can attract larger and more modern audiences. Agile and adaptable for any DeFi project, PolkaFoundry is a project with the people of the future in mind.

Another exclusive IDO launch on Ignition

Ignition is well on its way in fulfilling its promise of constantly delivering the PAID community access to exclusive IDOs from the ecosystem’s top-tier projects. PolkaFoundry is now joining the likes of Splyt and Shadows as top tier projects who committed to do their IDO’s on Ignition. Shadows had a very successful whitelist lottery turnout, with over 20k lottery tickets randomly selected to qualified whitelisters, and a massively successful launch and IDO in Ignition and UniSwap.

Don’t miss out! Join PolkaFoundry whitelist HERE. Now closed.

PolkaFoundry specific whitelisting details and rules:

To be able to successfully participate in the PolkaFoundry whitelist lottery, interested participants must follow PolkaFoundry communication channels and Twitter and tweet about the IDO.

  • On Twitter follow @PolkaFoundry
  • Join the Telegram Group @PolkaFoundry
  • Subscribe to the official Telegram announcements channel @polkafoundryANN
  • Retweet @PAID_Networks PolkaFoundry IDO on Ignition tweet with hashtags #PolkaFoundry $PKF
  • Proper KYC verification for the Ignition Platform, to be sent via email to lottery winners soon after PolkaFoundry on Ignition whitelist closing.

PolkaFoundry Whitelist:

Start: March, 03, 2021–2pm UTC/GMT

Close: March, 07, 2021–2pm UTC/GMT

PolkaFoundry IDO: March 10, 2021, 2:00pm UTC/GMT on the Ignition Launchpad

New Ways to get involved with PAID

The PAID Network prides itself on listening to its wonderful community. One thing that we heard requested a lot, was greater access to whitelist lotteries for all PAID holders.

We have delivered.

Now, holders will be given one entry to the whitelist lottery for every 1000 $PAID tokens they have in their wallets. This is going to provide more opportunities for our members and will help create the kind of community we’ve been working so hard for. For more information on these new rules just click here.

Have 1,000+ $PAID tokens? Sign up for the PolkaFoundry whitelist now!

Update for $PAID tokens staked on other platforms

At this time we will not consider $PAID tokens that are staked on any platform towards Polkafoundry’s IDO on Ignition. We are actively working towards integration possibilities, and we will update PAID’s community as soon as we have a definitive solution.

For the time being, if you wish to participate in PolkaFoundry’s IDO 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 PolkaFoundry’s whitelist this Sunday, March 7 at 2pm GMT, as well as when you join your indicated pool on PolkaFoundry’s IDO launch day, March 10 at 2pm GMT.

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 PolkaFoundry’s Ignition pools 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.

About PolkaFoundry

PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain blockchain.

It’s optimized to tackle various real-world problems, especially those related to dapp UX, to the highest standard of practice and efficiency demanded from the non-stop technological industry nowadays.

The platform consists of a public blockchain (the PolkaFoundry blockchain) plus several dapp developer support services, including identity service (PolkaID), document storage service (DocuGuard), and integration with several Oracle services.

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. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems. Building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.

PAID streamlines backend legal operations with SMART Contracts, so that projects can focus on making their brand bigger and better.

ABOUT IGNITION

IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.

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.

PolkaFoundry Whitelist typeform: PAID Ignition: PolkaFoundry Whitelist

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

*We have updated this article to reflect the current state of the PolkaFoundry IDO on Ignition*

**PAID Network is in the final phases of relaunching PAID v2 and ensuring the fair and balanced compensation for our users with a scheduled airdrop. While the attack on PAID Network on March 5, 2021 has no relation to the Ignition Launchpad, or its smart contract, as stated in our FAQ doc.

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