PAID Network is proud to announce its partnership with Evolution Finance, a decentralized unique token economy aiming to port the top 50 market assets onto Ethereum with RenVM and other wrapping services for availability on its lending market.
Through the new partnership, Evolution Finance’s lending services will be integrated into PAID’s new IDO Platform Ignition, allowing users to collateralize their tokens and borrow against them to participate in upcoming IDO Sales. Users of Ignition who want to take part in IDO’s will no longer need to sell other assets, and can instead deposit accepted assets on Evolution through the website.
Chris Williamson of the Evolution Finance team relays his perspective:
“Collaborating with PAID and integrating Evolution Finance’s lending services onto their Ignition launchpad will create a great amount of value for both projects’ ecosystems. This collaboration will also be a leap forward for all of DeFi, as it creates a practical new use case for decentralized lending markets.”
Kyle Chasse, CEO of PAID Network, had the following to say:
“Game-changing! That’s how I would describe this partnership. Evolution brings incredible value into our ecosystem and to our community. We are always looking for ways to expand on our offering and the value it provides, and this partnership is a big win for us. We feel providing our users the ability to borrow against assets, rather than sell them, is a huge service that many will embrace and utilize.”
Evolution Finance is a self-funded project that will change the way users interact with DeFi locked liquidity and money markets. Evolution Finance is targeting DeFi lending of the top 50 ERC20 altcoins and ERC-wrapped native coins, with 100% distribution at launch. We believe a full token distribution without raising funds is key to building the community that a dominating DeFi platform needs. At launch, 100% of EVN tokens were made available through liquidity pools on Uniswap.
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.
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.
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