PAID is proud to announce its partnership with AllianceBlock, a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance and automates the process of converting any digital or crypto asset into a bankable product.
Through this new partnership, PAID will gain access to AllianceBlock’s Liquidity Mining as a Service (LMaaS) program to benefit from multiple pools such as Balancer, Uniswap, Binance Smart Chain and more upcoming AMMs to be launched in the future. Additionally, AllianceBlock’s borrowing and lending platform will be integrated into PAID’s DeFi toolset. This will allow fundraising channels to be broadened, including NFT loans backed by real assets that will provide investors with more options. In turn, AllianceBlock will utilize standardized PAID SMART Agreements to process back-of-house business agreements, as well as customized SMART Agreements to secure future liquidity mining. In the event of a dispute, arbitration can be handled through PAID Network’s dispute resolution system.
Rachid Ajaja, CEO of AllianceBlock, commented:
“Our liquidity mining program is a key part of our protocol, and it was designed to be integrated by other DeFi projects. In doing so, we further the reach of the AllianceBlock protocol, and we create value for ALBT holders. PAID Network is attempting to revolutionize the legal sector, similar to how AllianceBlock is disrupting the financial space, and we are excited to be partnering with them.”
Kyle Chasse, CEO of PAID Network, had the following to say:
“We’re always looking for exciting new partnerships to enhance the experience on our platform. The collaboration between AllianceBlock will certainly meet that standard, as the integration of their borrowing and lending platform into Ignition will open up a plethora of options for those in our respective ecosystems. We’re confident that the union of AllianceBlock’s liquidity mining as a service, pooling and PAID’s SMART agreements specifically targeting liquidity mining will bring substantial value for both the AllianceBlock and PAID communities.”
AllianceBlock ($ALBT) is building the first globally compliant, decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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.
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