PAID Network Launches Exclusive Community-Centric Crowdfunding with LCO for Blast Royale
Dubai, UAE, 29th October 2024, Chainwire
PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1 million app downloads, 30,000+ daily active users, and a vibrant community exceeding 220,000 members, Blast Royale aims to make a significant impact in early November through PAID’s platform alongside over a dozen other projects that have committed to this initiative.
Pioneering a Community-First Investment Model
In a move set to redefine the blockchain investment landscape, PAID Network is introducing a first-of-its-kind community-centric investment model that, according to PAID, directly addresses the longstanding issues of low float and high Fully Diluted Valuations (FDVs). By offering Blast Royale at a low $10 million FDV—substantially lower than the last round at $48m FDV—PAID is putting the community at the forefront, ensuring early investors have the potential for wealth generation at a large discount compared to other rounds.
Addressing the Low Float High FDV Issue
According to PAID Network’s data, the traditional “low float, high FDV” model has been a persistent problem in the Web3 space. Projects often launch with a small circulating supply (low float) and an inflated FDV, leading to:
- Imbalanced Token Distribution: Early venture capitalists hold large portions of tokens, leaving retail investors at risk of being sold on by large holders.
- Price Volatility: Limited token availability can cause extreme price fluctuations, making the tokens unstable and discouraging market participation.
- Community Disengagement: Retail investors feel disadvantaged, leading to decreased trust, participation, and poor community sentiment.
PAID Network’s LCO model is designed to solve these issues by:
- Offering Lower FDVs: By securing project offerings at significantly reduced valuations, the community gains access to investment opportunities that were previously out of reach.
- Ensuring Fair Token Distribution: The LCO promotes wider token distribution among community members, fostering a more balanced and stable market.
- Aligning Incentives: Projects benefit from an engaged community committed to long-term success rather than short-term speculative gains.
A new site is also in the works which will reflect PAID’s transformation into a community-first crowdfunding platform. Kyle Chassé, Founder of PAID Network, stated: “Crypto has drifted away from what really matters—empowering the community. The Low FDV Community Offering (LCO) flips the script, giving real people a shot at serious upside.”
Innovative Features Enhancing the Crowdfunding Experience
By pioneering a community-centric investment model, PAID is working to redefine the crowdfunding landscape through several groundbreaking features in their upcoming updates, including:
- Gamified Crowdfunding: Leaderboards, challenges, and rewards.
- Account Abstraction: Simplifies onboarding for non-crypto natives.
- Community Impact Score: Earning points for rewards.
- Real-Time State of $PAID Economy: Track improvements in real-time.
- Community Fund: Empowering the community with voting responsibilities.
This new model and features aim not just to improve crowdfunding but to restore community trust and interest in crypto investments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.