PAID Network has entered into a strategic partnership with Evolution Finance, a portal for DeFi exposure and lending channels. The integration will pave the way for the inclusion of Evolution Finance’s revolutionary lending services into Ignition, a highly-acclaimed IDO Platform designed by PAID Network for users. The collaboration will open new doors of lending and financing channels for those interested in the DeFi cluster.
According to the announcement, users will now be able to easily collateralize their digital tokens so that they can raise loans against the assets to take part in the forthcoming IDO Sale event. Ignition Users willing to participate in the IDO will not have to sell their assets for the purpose. They will be allowed to deposit assets on the Evolution website.
Evolution Finance team member Chris Williamson is confident that the integration will benefit both partners dramatically. The project will explore new opportunities for DeFi lending space and will create a new use case for lending markets. Kyle Chasse, CEO of PAID Network, called the collaboration game-changing. He further commented that the PAID Network was always looking for ways to expand on its offering and the value it provides and that the partnership is a big win.
Evolution Finance is a self-funded project that aims to change the way users interact with DeFi locked liquidity and money markets. The team at Evolution Finance believes that a fair token distribution is key to building the community that a dominating DeFi platform needs. At launch, 100% of EVN tokens will be made available through liquidity pools on Uniswap.
PAID Network is a business toolkit for encompassing SMART Agreements, escrow, reputation-scoring, dispute arbitration, and resolution, as well as DeFi tools such as insurance, borrowing, and lending. PAID aims to take the lawyers out of legal contracts, making simple, easy-to-use SMART Agreements available for users.
Ignition is the PAID Network’s Initial DEX Offering (IDO) platform that facilitates private and public auctioning of token projects. Ignition’s incentivization mechanism of incentive distribution promotes HODLing, which supports project developers and the community.