Development update: Stablecoin raises on Ignition

September 9, 2022

Big news, Paid Community! We're about to upgrade Ignition to make it even more accessible, intuitive, cohesive, and user-friendly.

Ignition is a decentralized launchpad that allows Tier 1 blockchain projects to hold private and public auctions for PAID token holders. Since its inception, more than 100 great IDO projects have been launched in Ignition, and we're planning to showcase even more amazing ones in the future.

The updates outlined below represent the first of many, part of an exciting major revamp to PAID Ignition that will be rolled out in the coming months. We are confident that these updates will improve the experience for both our PAID Community, and our partner projects.

In the past, project launches on Ignition had participants  fund their allocations in BNB or ETH that were pegged 6-12 hours before each IDO. However, we have decided that the market volatility of cryptocurrencies generally does not provide our community or the projects that are set to launch on Ignition with an optimum investment environment, one geared for maximum impact on both sides. With that in mind, we have decided to roll out a significant update and integrate stablecoins into Ignition to give our whole ecosystem more stability and ensure higher levels of trust. Yes, that's right, you heard it correctly; stablecoin funding is coming to Ignition, allowing you to fund all new projects on our launchpad with USDC and USDT. This will give our users and future projects a more seamless and straightforward experience while providing even more mutual advantages.

In addition to our stablecoin update, there have also been more changes on Ignition in terms of usability. This is because a fundamental aim of the platform is to deliver the ideas of tomorrow made available today. Hence, the platform must stay updated regarding its interface design and user experience. With that said, we recently upgraded to Ignition 2.0 and have been making consistent changes to the Ignition’s appearance, such as implementing a new "Dark Mode look" and "Sticky Header," both of which are already live and can be seen from the image below.

Kyle Chasse, CEO of PAID Network, said:

"At PAID Network, our mission is to add value to our community and all the projects we work with to create a healthier and more prosperous blockchain space for the masses. Integrating stablecoins alongside streamlining a more attractive and up-to-date user interface is a huge step forward in this mission as it makes our products and services more reliable, accessible, and user-friendly, putting us closer to achieving this goal."

Ignition was created by both Master Ventures and PAID Network to streamline Tier 1 blockchain projects to reach their full potential and be available to everyone. We are working hard to build an intuitive and cohesive experience for our entire ecosystem, and there will be more developments to share with you all soon.

To stay up to date with our future announcements and all information concerning updates on Ignition and launches of IDOs, follow us on social media and join our community channel on Telegram.

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 leverages Ethereum, Binance Smart Chain (BSC), and soon Polkadot and smart contracts.

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.

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

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