30th March 2021 — PAID Network, a SMART Agreement ecosystem dApp for all business needs and its IDO launchpad Ignition, are proud to announce it has secured investment from Binance’s $100M DeFi Accelerator Fund. PAID will use the network to boost the Binance Smart Chain ecosystem by growing its operations and new development.
We will announce more details soon on how PAID will integrate with Binance Smart Chain. We will also share what implications this integration will have on PAID’s dApp and Ignition, our decentralized swaps platform focused on launching Initial Dex Offerings (IDOs) for tier 1 projects. This fund will improve and bolster both our technology and user experience.
Kyle Chasse, CEO of PAID Network, on the investment:
“It’s humbling to receive support from a company as experienced and successful as Binance. I’m extremely proud of our team and community for their work that led to Binance’s confidence in our project, and their decision to invest in PAID. All I can say is thank you for all your help and support.
Binance’s investment in PAID will enable us to further streamline our development, cut transaction costs, and accelerate the speed with which both PAID’s dApp and Ignition function. I believe together we will truly change the world.”
The upcoming roadmap from both Ignition and PAID is phenomenal with countless projects scheduled for incubation and launches on Ignition. We are making incredible progress with the PAID dApp, we’re expanding from our current development on Ethereum and have started adding the development into Binance Smart Chain and Polkadot. We couldn’t be more excited about the future of PAID and glad to see others like Binance are as well.
About Binance Smart Chain
Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.
For more information on Binance Smart Chain, please visit: https://www.binance.org/#smartChain.
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.
Ignition Platform is PAID Network’s feature product. It operates as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public swaps. It brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
For any questions for the PAID network, please feel free to reach out to us on