PAID Network recently announced the PAID V2 strong-hands bonus.
The bonus system from PAID Network is aimed at rewarding users in an upcoming Initial DEX Offering (IDO) that will take place on Ignition. a few days after making the initial announcement concerning the bonus, the platform revealed that the IDO impacted by the bonus is Deeper Network.
Rewarding Loyal Community Members
As a means of appreciation to the community, the PAID team has decided to reward its users. According to the announcement, users will be entitled to a unique guaranteed allocation of $100 during the upcoming Deeper Network IDO on Ignition.
On the 5th of March, PAID Network released a “do not transact” advisory. The advisory was to assure community members that the whole team was actively investigating the hack and that the platform removed all liquidity. Also, the platform stated they would take snapshots before the first dump happened and would be restoring balances to that amount.
To the many that listened to the advisory, PAID Network wishes to award them for their loyalty and patience during the entire affair.
Eligibility for the Reward
There are several conditions for users to get their $100 allocation in the Deeper Network IDO. First, the reward will be available to users that did not transact during the time of the “do not transact” advisory and when airdropping began. This means that users who kept their tokens between the hours of March 5, 2021, at 09:08:03 PM +UTC up until March 10, 2021, at 10:25:38 AM +UTC will be eligible for the reward bonus.
In addition, such users must have been airdropped at least 1,000 liquid PAID tokens. Until the IDO on Ignition is completed, these users must keep these airdropped tokens in their PAID V2 Token airdrop wallet to qualify for the reward.
A third condition that has to be met to be eligible for the reward bonus is that users must make sure that their token balance is equal to or greater than their original airdropped balance. This calculation will be done starting from when the user received the v2 airdrop till the Deeper Network IDO on Ignition is completed. Users should also ensure that they qualify for KYC on the Ignition platform before they can participate in the IDO.
Deeper Network IDO
The Deeper Network IDO is slated to launch on Ignition on March 23, 2021, at 2pm UTC. The IDO will see the sale of a limited supply of 62,500,000 tokens at $0.012 per token. These tokens will be sold on a first-come, first-serve basis.
Deeper Network was founded in 2018 and is the first decentralized blockchain network seeking to build a private, secure, and fair internet. The platform was first noticed when it developed AtomOS, the world’s first lock-free network operating OS, which promised to circumvent the need for VPNs. Deeper Network recently scored over a million dollars in funding on Indiegogo for the Deeper Connect Mini, the world’s first decentralized VPN and firewall hardware product that is good for life after purchase as there are no subscription fees to be paid.
As of the time of publication, PAID Network price was $2.18, with a 24-hour trading volume of $4,358,451. PAID price also dropped by 2% over the last 24 hours. Besides, it has a max supply of 594.7 million coins. Uniswap (v2) is also the current most active market trading PAID.
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