Paid Network’s Ignition IDO Launch Summary
Paid Network introduced quick summary of the projects they launched this month and the impact the Ignition community had on them.
Shield Finance
Shield Finance is the first DeFi insurance aggregator that protects users against hacks, rug pulls, economic manipulation attacks, and market crashes. Since IDO on May 19th, Shield Finance is focused on launching their Market Crash Protection feature. Shield upon launch ranked number one on Dextools.
The IGNITION impact
- Market Cap Pre-IDO: $150,000
- Market Cap After Listing: $10,090,813
- Valid Lottery Ticket Entries: 50,824
- Total Supply Available in IDO: 1,283
- Holders: 1,113
Relite Finance
Relite Finance is a cross-chain lending pool powered by Polkadot. Since their IDO on May 17th, Relite has partnered with Parsiq, Shield Finance, and has gotten the $RELI token listed on Uniswap — as well as activated a staking pool on PancakeSwap!
The IGNITION impact
- Market Cap Pre-IDO: $350,000
- Market Cap After Listing: $1,156,996
- Valid Lottery Ticket Entries: 51,845
- Total Supply Available in IDO: 2,197
- Holders: 1,237
Ternoa
Ternoa is an NFT-Based Decentralized Data Transmission Blockchain powered by Polkadot. Ternoa allows creators to release new types of NFTs with extended owner privileges. Since their IDO on 28th May, Ternoa has launched its NFT platform, gained investment from Morningstar Ventures, and partnered with Waterdrip. Ternoa has had a steady rise and is one of Ignitions top performers for the year according to Cryptorank.io.
The IGNITION impact
- Market Cap Pre-IDO: $200,000
- Market Cap After Listing: $4,030,000
- Valid Lottery Ticket Entries: 50,186
- Total Supply Available in IDO: 846
- Holders: 3,583
Lossless
Lossless is the first DeFi hack mitigation tool for token creators. Lossless Protocol freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account. Since IDO on 31st May, Lossless has partnered with Polkafoundry and listed their token ($LSS) on KuCoin and Gate.io!
The IGNITION impact
- Market Cap Pre-IDO: $19,999
- Market Cap After Listing: $1,412,013
- Valid Lottery Ticket Entries: 45,043
- Total Supply Available in IDO: 846
- Holders: 834
NFtify
NFTify allows small businesses to create their own NFT store without coding, ensures copyright protection, and provides NFT collectors with a platform to transact at a much lower cost. Since their IDO on June 4th, NFTify have partnered with TribeOne and made several key updates to their platform.
The IGNITION impact
- Market Cap Pre-IDO: $140,000
- Market Cap After Listing: $769,705
- Valid Lottery Ticket Entries: 56,844
- Total Supply Available in IDO: 1,739
- Holders: 889
MOZIK
MOZIK is a decentralized music NFT platform that aims to build a healthier and fairer music ecosystem. By enabling artists to sell their art on the blockchain, without having to go through centralized labels or streaming services, MOZIK levels the playing field for creators and fans alike. Since the IDO on 7th June, MOZIK has released two exclusive NFTs from grammy-award winning artists: Joseph & Roy Wooten!
The IGNITION impact
- Market Cap Pre-IDO: $180,000
- Market Cap After Listing: $343,209
- Valid Lottery Ticket Entries: 50,707
- Total Supply Available in IDO: 1,466
- Holders: 874
Cryption Network
Cryption Network is building a suite of user-friendly crypto products for the normal retail investor who wants to invest in crypto but is intimidated by its complexity. Since IDO on June 8th, Cryption has launched cross-chain staking and farming on Ethereum and Polygon!
The IGNITION impact
- Market Cap Pre-IDO: $174,999
- Market Cap After Listing: $431,083
- Valid Lottery Ticket Entries: 55,667
- Total Supply Available in IDO: 1,310
- Holders: 374
An interesting variety of launches this month! From fund protection in Shield Finance and Lossless to cross-chain lending pools with Relite Finance to crypto investing made simple with Cryption Network. What’s more, the NFT industry only grows stronger with high quality projects in MOZIK, Ternoa, and NFTify entering the space.
What is 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. 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 token retention which 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.
What is PAID?
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 wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
📰 INFO:
https://paidnetwork.medium.com/ignition-ido-launch-summary-92371bc7b9f0
