Launchpool and PAID Network Ignite a Partnership to Transform the Hyper-Growing DeFi Launchpad Space
The recently launched PAID Network and the currently-being-farmed Launchpool are excited to announce a partnership intended to finally bring access to the emerging crypto asset class for millions of interested participants across the globe. Launchpool provides private-round access via staking their $LPOOL tokens in smart contracts to indicate interest in joining early-stage project communities. PAID manages those projects’ introduction to the wider crypto community via their Ignition launchpad platform. Both communities stand to benefit from Launchpool and PAID joining forces.
An Egalitarian Approach to Launch Pad Platforms
Launchpool is a project investment platform with an egalitarian approach. Launchpool connects varied stakeholders in the crypto community, incentivising all via its $LPOOL utility token. Seeing how the current state of crypto token sales is broken, with insiders getting early cheap token deals and leaving the public at the back of the queue, Launchpool was established to level out the playing field. By giving all $LPOOL stakers the equal right to early investments in proportion to the amount of tokens staked in an audited smart contract, Launchpool offers the best rates for the top projects to EVERYONE.
PAID’s Explosive Growth Paves the Way for More Great Launch Projects
PAID Network provides a one-stop shop platform for auctions, global community growth and smart contract services. Interest in PAID Network’s business services has soared since its inception, as shown by the 100x growth of the $PAID token from under 4 cents to over $4, at the time of writing. Their new crowdfunding platform, Ignition, has driven most of this excitement, with exciting offerings from Shadows and Spl.yt in the wings. But PAID Network also offers businesses smart contract services including insurance pooling, arbitration and reputation scoring that are aimed to help grow projects in the long term.
A Match Made for the Moon
Together, Launchpool and PAID Network can offer more to their respective communities. In Phase 1 of Launchpool, $PAID token holders can stake the $PAID token, as well as 8 other farming tokens, on the Launchpool platform. Staking this collection of top-tier project tokens allows these token holders to earn $LPOOL tokens as rewards that encourage their participation in future Launchpool investment opportunities.
In addition, Launchpool and Ignition are open to sharing their private pool allocations cross-platform. Given that each platform has early access to different sets of potentially game-changing DeFi projects, this alignment can provide investors with a wider array of profitable investment opportunities to choose from. But that access can only come by holding copious amounts of $LPOOL and $PAID tokens!
Unparalleled Pedigree Lays Foundation for a Solid Launch Ecosystem
Both companies are co-invested by two well established venture capital firms, Master Ventures and Alphabit. With the aligned support of two large industry players, this partnership certainly looks to have long term benefits.
This crypto revolution can only work if token sales give equal opportunities to the smaller fish as well as the larger whales. The PAID Ignition and Launchpool launchpads can coexist, providing different suites of services and working together to provide opportunities for normal people to access DeFi’s best projects right at the beginning and at the best prices.
In short, Launchpool and PAID Network are igniting a partnership for the people.
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 to execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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, leveraging both PAID Network and Polkadot technology.
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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About Launchpool
Launchpool leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving and dynamic space.
