Splyt — The Next Gen E-Commerce Supply Chain Powered by Polkadot Launches IDO on Ignition

4 min readFeb 16, 2021

Wow this first month together has been incredible! We started this journey with you and right out the gates non stop excitement, starting with our massively successful IDO. Partnership after partnership, requests to onboard the PAID DApp from numerous enterprise customers with some of them requesting custom use cases, we announced Ignition and its upcoming launch …. we could go on and on — so much has happened in such a short period of time.

And just when you think it can’t get any better…. DeFi meets NFT’s in Ignition’s second project to commit for launch on Ignition — Splyt.

The hype is real and justified; Splyt is building some of the hottest NFT and DeFi infractural plays in the space. Their roadmap includes launching an NFT system that will replace modern day SKUs and improve supply chain, an insanely cool NFT Bounty Marketplace, and verified DeFi pools, need we say more.

This superstar team includes some of the brightest and innovative minds around. Bringing experience from some of the most successful companies in the world such as Deloitte, Intel, IBM, Samsung, Bank of America, PayPal and more. This experience along with their insane value proposition is why the expectations are set so high for one of the most exciting projects we have seen in quite some time.

Splyt introduces the SHOPx token, which will enable the following uses for holders:

1. Marketing and Bounties generation and distribution

2. Fraud Prevention

3. Payment Escrows

Another win with many more to come

Ignition has been on fire since the launch with countless projects reaching out to the team to launch on the platform. CEO Kyle Chasse has been personally speaking with and researching all the candidates looking to find only the best of the best projects and teams. It was mission accomplished when he saw Splyt; they were clearly what we were looking for. The value they bring to blockchain as a whole, but more specifically the Polkadot ecosystem, is insane and the teams couldn’t be more excited for launch.

The next 30 days are really exciting for Ignition and the PAID team as the lineup of upcoming projects is top notch. “As we incorporate more and more of our experience and strategies we expect the results to continually increase and seeing that play out with the projects we work with could not be more rewarding,” said Chasse. We hope the community is strapped in and ready for blastoff as we ignite these projects together.

Support from PAID’s community

Ignition projects will gain support from PAID’s community of over 60,000 people across Telegram and Twitter (at the time of publication, PAID’s telegram group currently ranks as the 22nd most popular in the world amongst English speaking telegram communities). Ignition projects will also benefit from access to over 60 thought leaders and influencers. Their communities currently amount to a total following of over 1.45M people.

Perhaps most importantly, Ignition project listings will gain significant traction with the support of the strategic advisory leadership team from Master Ventures, the incubator behind PAID Network, which has invested in over 40 crypto projects including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.

A powerhouse called FUEL

This joint venture combines the wealth of advisory, token economics, sales, marketing, and incubation experience of Master Ventures with PAID Network’s rich influencer and investor community. Together, they will provide Ignition’s listed projects the infrastructure and formula required for long-term success, for teams and investors alike.

Ignition, as the name implies, is the fuel and power behind $PAID token holders. Those holding a minimum of 1000 $PAID tokens will have the opportunity to access Ignition sales, with additional participation rules and incentives to be announced soon. For now we can also share that those who purchase and hold Ignition-listed projects tokens, such as SHOPx, will have an increased chance of access to the next IDO, decreasing sell pressure from unlocked public sale tokens.

Ready for take off!

Ignition will ultimately help produce higher quality listings that serve both the needs of teams and investors, producing long-term wins for all parties. We are excited to welcome Splyt to Ignition and are fully prepared to assist their team in replicating the successful launch of PAID.

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.

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. Leveraging both PAID Network and Polkadot technology,

Ignition is different from other auction platforms in that it properly vets and selects only top-tier, cutting-edge projects. Its strategically crafted incentivization mechanism for participants of published projects, will encourage HODLing and support 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 everyone.

About Splyt

Splyt’s blockchain NFT inventory database enables effortless & transparent sales, streamlines multi-platform affiliate sales, and eliminates liability between e-commerce platforms and supply chain.

Splyt bridges the gap between brands and consumers in a rapidly changing climate. We turn the marketing power of e-commerce into revenue for affiliates + brands. We empower brands to grow sustainably by removing rent-seeking intermediaries.

Splyt Whitelist typeform: PAID Ignition: Splyt Whitelist

For any questions, please feel free to reach out to us on:

Website: https://paidnetwork.com/

Telegram: https://t.me/paidnetwork

Twitter: https://twitter.com/paid_network

Medium: https://medium.com/@Paidnetwork