PAID Network is bringing in another win for the PAID community. On the heels of the successful launch of FUEL, and a successful first IDO launch with Shadows on the PAID Ignition launchpad, the team is bringing in another partnership that adds value across the entire PAID ecosystem.
We’re excited to announce a partnership with DAO Maker, the platform that re-created venture capital for the masses. As part of the agreement, DAO Maker, who internally leverages cutting edge on-chain analysis software, will provide PAID Network access to their proprietary data analytics technology.
A partnership for the long-term nature of projects
DAO Maker technology will enable PAID Network to identify, encourage and incentivize the best behavioral fits of Ignition participants which add the most value to the ecosystem, with DAO Maker’s token (DAO) also gaining exposure to launches on Ignition. DAO Maker’s philosophy of rewarding long-term holders through its ‘Strong Hand Offering’ reflects that of PAID Network’s ethos of rewarding the long term supporters. “We aim to create long-lasting and loyal communities that reflect the long-term nature of projects launching on Ignition, our IDO launchpad,” said Kyle Chassé, PAID Network Founder and CEO.
The partnership is another stage in a long collaboration between the PAID Network team and DAO Maker that goes back as far as when Kyle invested in DAO Maker through Master Ventures. Master Ventures, the blockchain focused venture studio which was also founded by Kyle, has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.
PAID is FUELing growth
PAID Network and Master Ventures’ FUEL, is a full-service crypto incubator and launchpad that is designed to leverage the experience and skill sets of both firms. All projects listing on Ignition have access to the community and marketing team experience that led to PAID Network’s legendary launch. FUEL brings a staggering 65,000+ institutional and retail investment network, 100+ partner community, 50+ top crypto opinion leaders and influencers, and a growing community of 70,000+ dedicated members across Telegram and Twitter.
The first launch on Ignition has just completed, with the Shadows IDO. Shadows was the first project to benefit from PAID Network and Master Ventures backing and expertise, and it is a more than deserving debut star, with 100% of all allocations redeemed.
The Shadows project is a hub for issuing, trading, lending, and borrowing synthetic assets, and aims to be a decentralized derivatives financial hub. Comparable projects include the likes of Synthetix, a top-30 ranked project with a market capitalization of $2.5bn. The whitelist lottery closed on the 26th of February, and was extremely successful, with over 20,000 lottery tickets distributed to the PAID community.
Although the whitelist for Shadows has now closed, you can still sign up for future launches such as Splyt, another Tier-1 project set to blast off on Ignition soon!
About DAO Maker
DAO Maker is an incubator that leverages the power of Social Mining and omnipresent exposure to help projects acquire a community, and then uses the project’s token to convert the community into value-adding and value-assessing members of a DAO.
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.
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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