PAID Network Guide: Participation in IDO, Tiers and Launchpad Requirements
What Is PAID Network?
PAID Network is a DApp project that offers users easy-to-use web and mobile applications that allow them to do business around the world without resorting to costly legal services.
One of the most popular solutions that PAID Network provides to its users is the Ignition Launchpad, which we will look at in this article.
As a reminder, Launchpad is a platform to raise funds for an early stage crypto project from retail investors, not funds. As a reward for participating in an early-stage project launch, investors get access to innovative product features earlier than others.
PAID Network's launchpad is currently one of the most productive and active launchpads on the market.
Should I choose PAID Network?
PAID Network have made a launchpad, which is a well-designed solution for participating in pre-sales for investors and blockchain project creators alike. This platform uses a clear user interface, registration is uncomplicated, and Paid token can be purchased on major cryptocurrency exchanges.
Binance, Brilliance Ventures, DuckDAO, Master Ventures, Alphabit, Kylin and many others have invested in the development of PAID Network. The project has also attracted investments from such well-known players in the DeFi space as The Graph, Reef Finance, Polkadot, and Elrond. In total, PAID Network has received over £15m of investment to develop and promote its products.
According to Cryptorank.io, PAID Network is one of the ten most profitable platforms on the market. Given this fact and all the above, PAID Network is really worth a look.
How Does PAID Network Work?
Like most launchpads, Ignition PAID requires the user to have a certain amount of tokens in their account in order to take part in the launch of a new project.
Depending on the number of tokens, the user receives a certain Ignition lottery tier:
Citizens and residents of the United States of America cannot participate in IDOs on PAID Network launchpads.
Statistics and Performance
According to statistics cited by cryptorank.io, PAID Network ranks fifth among similar platforms. To date, PAID Network has raised £12.31 million in investments, with an average ROI of 31.13x.
This demonstrates the confidence with which start-up blockchain projects are launching their tokens on PAID Network launchpads, and the potential for high returns for retail investors participating in IDOs.
The results of recent IDOs held on PAID Network are shown in the following table.
Thetan Gem [THG]
Star Atlas [ATLAS]
AIOZ Network [AIOZ]
Star Atlas DAO [POLIS]
What do you need to participate in IDO on PAID Network?
In order to participate in IDO on the Ignition PAID Launchpad, the user needs to complete four basic steps:
How to get whitelisted on PAID Network IDO
As written above, there are three levels of raffle available on the Ignition Launchpad. A minimum bet of 1,000 PAID tokens provides the user with one lottery ticket. Accordingly, the more such tickets you have, the higher the chance of being whitelisted.
How to participate in PAID Network IDO
In order to take part in an IDO on the PAID Network site, you need to follow a few specific steps.
Step 1 — Registration
The first thing you need to do is register. To do this, click on the Launchpads button on the project home page, and in the drop-down list that appears, select the Ignition link and follow it to the Launchpads page.
This will bring you to the Ignition page, where you should click on the Sign In button in the top right corner of the website.
On the registration form that opens, you need to provide your name, email address, address and confirm that you are not a US citizen or resident.
After completing the form, an email will be sent to your email address asking you to confirm your registration. After clicking on the link confirming your registration, you will be able to log in to your personal account.
Step 2 — Connecting the crypto wallet
The next step is to connect a cryptocurrency wallet to the Ignition website. We recommend using a web wallet such as MetaMask. You can read a detailed review of this wallet on our website.
To connect the crypto wallet click on the Connect Wallet button in the upper right corner of the website. This button will be available after you have logged into your account.
The connection is literally made in a few clicks. Follow the instructions on the screen. Once the wallet is connected, your crypto wallet number will be shown instead of Connect Wallet.
Step 3 — Buy PAID tokens
After connecting your cryptocurrency wallet to the website, you need to buy the number of PAID tokens required to participate in IDO. The minimum number of tokens in your account must be at least 1,000 PAID. You can buy tokens from the following exchanges:
Step 4: Participation in IDO
After purchasing PAID tokens, you can start participating in IDO. In order to participate in IDO, the user must stake tokens. This can be done on a special page on the website. Then select the desired project and apply for whitelisting. After that, the only thing left to do is to wait for the results of the lottery.
For more details on how to participate in IDO, see the video below:
PAID Network Team
The PAID Network is made up of IT specialists from all over the world. They are employees with many years of experience in large projects. Here are some of them:
PAID Network Roadmap
The project roadmap is drawn up to and including the second quarter of 2022.
PAID Network takes its activities seriously, as evidenced by the detailed project documentation. It can be found at this link.
The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.
Is PAID Network available in the UK?
PAID Network is not a scam, the site is legal and available in the UK.
Is PAID Network Safe?
In March 2021, PAID Network was attacked by hackers, who managed to withdraw more than 2,000 ETH. This had a negative impact on the value of the PAID token, with its price dropping by 80% at the time. The project team closed the vulnerability that led to the platform being compromised and there have been no successful hacking attacks on PAID Network since then.
How do I participate in PAID Network?
In order to participate in IDO on PAID Network, you must first register on the project website. Then you need to connect your cryptocurrency wallet to the Ignition Launchpad website, and purchase the required number of PAID tokens to participate in IDO, at least 1,000 tokens. After purchasing PAID tokens, you need to select the project you are interested in, and apply for whitelisting.
PAID Network is being developed by a team whose members have previously worked for companies such as Microsoft, Amazon, Shell, Dell and Deutsche Bank. PAID Network is currently one of the most open and transparent projects in the crypto market, which is rare. The way the team handled the hacking attack at the very beginning, the attitude and openness to the community and to its users is a source of respect. Most importantly, PAID Network offers end-users a user-friendly product, and Ignition Launchpad proves it in practice.
Paid Network Rating Summary
We have analyzed the main advantages and disadvantages of Polkastarter based on 3 important parameters for choosing IDO:
- Trustworthy (we made an independent assessment based on Trustpilot reviews and other independent sources on the internet).
- Own tests and media reviews.
- Analysis of token value, capitalization and value forecasts for the year by analysts.
Based on all this data, an independent rating was compiled