What is IGNITION? Overview of Paid Network’s IGNITION fundraising platform

Currently, there are many fundraising platforms on the market, such as Maker DAO’s SHO fundraising platform, Polkastarter’s IDO funding platform, BSCX, FSW,…

On Techtipsnreview, there is now an overview article with these 2 types of fundraising platforms, you can read more here:

This article will introduce an overview of Paid Network’s Ignition fundraising platform, one of the famous IDO fundraising platforms today. Please refer to it for more investment perspectives.

What is Paid Network?

Paid Network is a DAPP ecosystem that uses Blockchain technology to provide a set of solutions for businesses, helping businesses operate many times more efficiently.

Paid Network’s services include:

• Smart Contracts (SMART Aggrements).
• Lending & Liquidity Pools.
• Arbitration.
• Reputation rating.
• Fundraising platform for both Private and Public.

What is Ignition?

Ignition is Paid Network’s Initial DEX Offering (IDO) fundraising platform, which is the most used Paid Network product.

Ignition allows projects to hold token auctions in Private and Public sales rounds. Also, allow PAID-holders the opportunity to invest in these rounds.

Currently, Ignition is supporting projects on Ethereum using ERC-20 tokens, the platform will soon support fundraising for projects on multiple chains, thanks to its partner Plasm, a parachain on Polkadot.

How to join Ignition

Ignition is specifically focused on building a loyal community, which is not only good for long-term investors, but also good for projects that already use the Ignition platform to raise capital.

To be able to participate in IDO on Ignition, you must hold or stake PAID tokens, depending on the number of PAIDs you hold, you will be divided into 3 tiers:

• Moon: For every 1,000 PAID tokens you hold, you will receive 1 lottery ticket.
• GALAXY: For wallets holding more than 75,000 PAID tokens, that wallet will definitely get 1 slot in the Public sale, and also get 1 extra lottery ticket for every 1,000 PAID tokens the wallet holds.
• COSMOS: For wallets holding more than 150,000 PAID tokens, that wallet will receive 1 slot for Public sale + 1 slot for private sale (if available), at the same time, that wallet will still receive 1 lottery ticket for every 1,000 PAID held.

For example: 1 wallet has 10,962 PAID, that wallet will receive 10 tickets, if 10 tickets are all won, that wallet will be able to buy 10 slots.

And to encourage investors to join hands to build a loyal community, Ignition has a support mechanism for investors who have bought tokens instead of selling them.

The longer you hold the tokens purchased on the Ignition platform, the greater your chances of winning the next IDOs on Ignition.

ROI of funded projects on the Ignition platform

There are currently 6 projects launched on the Ignition platform, and all have achieved great success, the highest ATH ROI even up to x184.9 times.

In the near future, there will be 3 projects with IDOs on Ignition, Techtipsnreview will have an article about these tokens soon. You can refer to join.

Epilogue

In a period when there are many fundraising platforms on the market, choosing a platform for projects to successfully launch, achieve oversubscribe and sell to investors who really like the project. is a very difficult thing.

Paid Network and IDO Ignition platform were born to solve that problem, the project focuses on building a loyal investment community.

However, in my opinion this is not a game for small people, with the price of PAID at the time of writing is $5.5, the minimum amount to own a ticket to participate in the lottery is $5,500, a rather large number. . At the same time, this is a race for property value, not quantity, the more money someone holds, the more PAID they hold, the higher the chance of winning IDO and getting more slots.

Above is an overview of PAID Network’s Ignition fundraising platform, and how to participate in IDO on Ignition. If you have any questions about this fundraising platform, please comment in the comment section so we can discuss and discuss.