PUBLIC SALE RULES
PAID Ignition’s public lottery process consists of four (4) major phases which must be performed in the outlined sequence below to successfully participate:
a. Know Your Customer (KYC): Identity verification process ensuring the winning lottery applicant is eligible to participate and unhindered by regional, governmental, or company-based restrictions.
B. Lottery entry: Public application process that includes the submission of identifying information, Wallet address(es), and confirmation of understanding lottery rules and PAID Ignition requirements for eligibility. If you win, your masked ERC/BNB address will be included on the list of winners.
c. Log in to Ignition and join a pool: Joining one or more launch pools on the Ignition platform for lottery winners, to redeem IDO tokens at project launch.
d. Redeem Tokens: Tokens can be redeemed AFTER the project is trading AND finalizes the pool on Ignition. The responsibility to determine the exact time of redemption belongs to the project, not to Ignition.
NOTE: All applicants wishing to participate in PAID Ignition lotteries must follow this sequence, regardless of eligibility for any special offers or promotions currently active on Ignition. Applicants can refer to the PAID Ignition announcements, indicating dates and times for whitelisting, and KYC requirements specific to each project. These announcements provide all relevant information so that applicants can complete the lottery process. No exceptions can be made for participants who fail to submit the required information and pass the verification process for their submission. Demand for PAID Ignition project lotteries is extremely high, and it is our responsibility to accept the applicants who have properly passed all checks and verifications by correctly following the rules.
***There will be no financial compensation offered to any user who experiences a double pay issue with their IDO participation. Any double pay incidents will not be reimbursed by the IDO project, or PAID Ignition. Please use caution when submitting transactions on the Ignition platform to avoid this issue, taking care to send only one transaction per participation pool.
Ignition Lottery Tiers:
MOON Tier: Any wallet with at least one stake of a minimum of one thousand (1,000) $PAID tokens is eligible to receive a single lottery ticket per every one thousand (1,000) staked $PAID tokens. No complete or partial lottery ticket will be granted for total or remaining balances of less than a thousand (1,000) staked $PAID tokens. Stakes on a single wallet are not combined for moon tickets. Each stake is treated individually in order to allow for any moon multiplier bonuses from long-term staking. For more on moon multiplier bonuses, please see this article. Moon Tier is first-come, first-serve, a moon ticket does not guarantee an allocation.
GALAXY Tier: Any wallet(s) staking a minimum aggregate of seventy-five thousand (75,000) $PAID tokens is guaranteed one public allocation, in addition to qualifying for the MOON Tier’s lottery ticket eligibility gained from the wallets’ staked $PAID token balance. Note that no stake of less than 1,000 $PAID tokens is counted. Moon tickets for Galaxy holders will be calculated according to the principles of the Moon tier as explained above.
COSMOS Tier: A wallet staking a minimum of one-hundred and fifty thousand (150,000) $PAID tokens will be guaranteed two public allocations or, in case of a private sale, one private, pre-sale allocation (private allocation availability varies between projects and is not guaranteed for all Ignition IDO Launches) in addition to MOON Tier lottery ticket eligibility gained from the wallet’s staked $PAID token balance. Note that no stake of less than 1,000 $PAID tokens is counted.
NOTE: For additional information about our pool tiers, check the FAQ.
PAID Network allows applicants to participate in Ignition project launches, using a Metamask Wallet or WalletConnect. Lottery winners must connect to and redeem allocations from the Ignition Platform only using the wallet(s) addresses for winning tickets. A single wallet can be connected to the Ignition Platform via the specific pool at time of project launch and used to purchase the IDO allocation(s) according to the number of winning tickets for that specific wallet. When lottery winners have finished purchasing their transaction, they are able to connect another wallet address associated with other winning lottery tickets to purchase those allocations. This process must be repeated for all wallet addresses with winning lottery tickets.
NOTE: PAID Network does not allow lottery winners to redeem all winning allocations on one wallet address if their PAID tokens are in multiple wallet addresses. This is to ensure that all applicants are able to redeem only their own allocations. Direct connection of each wallet is necessary to ensure that the winning allocation is redeemed by its rightful owner. We are unable to make exceptions to this rule.
Email Address Continuity: Your Email is Your Unique Identifier
Applicants must use the same email address through all phases of the PAID Ignition lottery process. More specifically, applicants must ensure the same email is used when registering for PAID Ignition platform and for the KYC verification. Applicants using different email addresses for any of the above processes may be disqualified. In the event that different email addresses are used, PAID Ignition holds no accountability for modifying email addresses prior to the Project launch date and time.
PAID Token Balance Requirements
Applicants must stake a minimum of one thousand (1,000) $PAID tokens in each wallet included in the lottery submission, including any wallet designated as their “Primary wallet address” if they are using multiple wallets.
Multiple Whitelist Submissions
PAID Network automatically disqualifies wallet addresses if they are submitted in multiple applications using different accounts. If you submit multiple lottery applications using the same ERC/BNB Chain wallet address but different Ignition accounts, all ERC/BSC wallet addresses in those submissions will be disqualified.
Multiple ERC-20/BNB chain Requirements
The sum total for staked $PAID token balances across multiple ERC-20/BNB Chain wallet addresses is considered only for GALAXY Tier and COSMOS Tier ticket eligibility. Lottery applications eligible for MOON Tier tickets will have their multiple ERC/BNB Chain wallet balances evaluated on an individual basis. PAID Network will not include the sum total of all wallets provided for MOON Tickets.
NOTE: For applicants eligible for MOON Tier tickets, ERC/BNB chain wallet addresses that have staked $PAID token balances that are NOT a precise multiple of one thousand (1,000) will not have the remainder of their tokens added together to get additional tickets.
Example: A lottery application is submitted with two separate ERC wallet addresses. The wallet has one stake of 1,600 $PAID tokens, and a second stake of 1,400 $PAID tokens. The applicant is only eligible for TWO Moon Tier tickets, as each individual stake is eligible only for one Moon Tier ticket. Though the sum total of both wallet addresses is three thousand (3,000) staked PAID Tokens, each wallet address and stake is evaluated individually for Moon Tier submissions.
$PAID tokens that are staked on Apollo-X or other staking platforms will not be eligible for PAID Ignition lotteries. Applicants wishing to include staked tokens must unstake them and restake them through Ignition’s native staking platform.
Long-term stakers will have the advantage of the moon ticket multiplier based on their tier and committed staking term. A full breakdown of the moon ticket multiplier and APR boost mechanics can be seen here. Unstaking penalties apply only when unstaking on a long-term period, and can be found here. Please note that, once you unstake, a 10-day unstaking period will apply, during which no rewards will be accumulated. Tokens that are in their 10-day unstaking period won't count towards the IDO's.
$PAID tokens held in any Centralized Exchange (CEX) will not be eligible for PAID Ignition lotteries. Applicants wishing to include these tokens must stake them on Ignition before joining the lottery.
Only unlocked $PAID tokens are eligible for the lottery. Tokens which are still locked under all private round investments are not eligible.
PAID Token Holding Period:
All staked $PAID tokens being held in wallet addresses included in lottery submissions must be staked from the date and time of lottery closing until the actual IDO date and time. PAID Ignition Lottery platform detects changes in $PAID token balances for included ERC/BSC wallet addresses. Participants who unstake $PAID from their ERC/BSC wallet(s) during this interim time period will be disqualified from the lottery.
Know Your Customer (KYC)/ Prohibited Countries:
All participants must complete the Know Your Customer (KYC) process before joining the lottery Applicants from any country on the list of prohibited countries may not participate in the PAID Ignition Lottery. Please note, each project may include additional banned countries depending on the Project’s requirements, restrictions, and regulations. It is necessary to check to make sure your country isn’t included in the list of prohibited countries. For more information about KYC, check our KYC FAQ here.
****Please note that for any unforeseen difficulty or failure on the part of the third-party provider Synaps to provide timely KYC services is solely the responsibility of Synaps, and not PAID Ignition or it’s IDO projects. No compensation of any kind will be offered for errors or difficulties with using the Synaps platform. Please prepare your KYC well in advance, to minimize the chance of unforeseen issues.
United States of America
Citizens and residents of the United States of America are prohibited from participating in Ignition (and Apollo-x).
DISCLAIMER: For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, must pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions, which varies per project on a case-by-case basis.
ADDITIONAL RULES FOR PRIVATE SALES
One lottery ticket per account, with any ERC-20 or BNB chain address linked to a validated PAID Ignition account with at least 1,000 staked $PAID. The 1000 staked $PAID minimum requirement must be in a single address to be considered valid.
Cosmos holders (holders of 150,000+ staked $PAID) are guaranteed 1 allocation but are eligible to win 1 more moon allocation through the regular lottery. There are no guaranteed allocations for the Galaxy tier during a private sale.
Aside from the Cosmos tier, each whitelist entry has an equal opportunity to be selected for the private sale via the lottery. As long as your staked $PAID token balance is 1,000 or above, you have an equal chance to win 1x private sale Moon ticket. Moon tickets are first-come, first-serve, a moon ticket does not guarantee an allocation.
PAID Ignition is not responsible for the distribution of private sale tokens, and is not liable for any financial losses resulting from any sales made through the Ignition platform.
***Due to the exclusive nature of private sales, the ticket size, raise format and other raise related features are at the project and PAID's discretion