We’re excited to announce that PAID NETWORK will be an upstream IDO partner for projects on Genpad 🚀
PAID Network is an ecosystem DAPP that leverages blockchain technology to deliver DeFi powered SMART Agreements to make 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 soon, 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 incentive mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. Apart from being 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.
📌 Through this partnership, projects on PAID Network’s IGNITION crowdfunding platform will be able to access pre-IDO liquidity on Genesis Shards via Gen Ticket NFTs.They will have access to Genesis Shards’ high quality partner network including access, ecosystem and mentor partners.
📌 Furthermore, projects on Genpad will be able to make their own policies and SMART agreements using the PAID Network DAPP.
Genpad preIDO projects will also be able to explore opportunities upstream to launch their IDO on the multichain IGNITION launchpad.
More than 25 access, ecosystem & mentor partners have already placed their trust in the Genpad ecosystem and this collaboration further expands the size & scope of the GS network.
“ PAID has established itself as a tour-de-force in the IDO space with its Ignition platform. Now, PAID projects will be able to explore pre-IDO liquidity offerings before launch, helping to provide even more value to their communities! ”
- Garlam Won, Genesis Shards Co-founder
“ Pre-IDO liquidity is a tricky thing. While many users want to trade their tokens prior to exchange listing or source liquidity for their assets early, actually doing so is generally a risky endeavor. Genesis Shards tackles this problem by marrying DeFi options with NFTs to produce the perfect pre-IDO liquidity vehicle. We can’t wait to see where this collaboration will take us! ”
- Kyle Chassé, PAID Network Founder and CEO
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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 Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens
The next major steps in Genesis’s journey will be announced soon ! Keep an eye on this space for updates.
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