PAID Ignition’s lottery process is comprised of four (4) major phases which must be performed in the outlined sequence below to successfully participate:
Whitelisting: Public application process, that includes the submission of identifying information, Metamask ERC Wallet address(es), and confirmation of understanding lottery rules and PAID Ignition requirements for eligibility. If you win, your masked ERC address will be included on the list of winners, and you’ll move on to the next step, KYC.
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
Log in to Ignition and join a pool: Joining of one or more launch pools on Ignition platform for lottery winners, to redeem IDO tokens at project launch.
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 holding a minimum of one thousand (1,000) $PAID tokens is eligible to receive a single lottery ticket per every one thousand (1,000) $PAID tokens. No complete or partial lottery ticket will be granted for total or remaining balances of less than a thousand (1,000) $PAID tokens.
GALAXY Tier: Any wallet(s) holding 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’ $PAID token balance.
COSMOS Tier: A wallet holding a minimum of one-hundred and fifty thousand (150,000) $PAID tokens will be granted two public allocations and 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 $PAID token balance.
NOTE: For additional information about our pool tiers, check the FAQ.
ERC Wallet Support
PAID Network allows applicants to participate in Ignition Project Launches, using only a Metamask Wallet. Metamask is a trusted and verified platform that aligns with PAID Network’s priority of privacy and security. Lottery winners must connect to and redeem allocations from the Ignition Platform only using the Metamask Wallet(s) addresses for winning tickets. A single Metamask 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 Metamask Wallet address associated with other winning lottery tickets to purchase those allocations. This process must be repeated for all ERC wallet addresses with winning lottery tickets.
NOTE: PAID Network does not allow lottery winners to redeem all winning allocations on one Metamask 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. To clarify, PAID Ignition only allows users to participate in Project Launches with Metamask Wallets. PAID Ignition does NOT currently support Trust Wallet or any other ERC wallets.
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, submitting the Whitelist application, 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. In this case, PAID Ignition will not be held responsible.
PAID Token Balance Requirements
Applicants must hold a minimum of one thousand (1,000) $PAID tokens in each wallet included in their whitelist submission, including any wallet designated as their “Primary wallet address” if they are using multiple wallets. Designation of a primary wallet only applies if selected “Galaxy Tier with multiple wallets.” Applicants whitelisting with a single wallet, or those whitelisting with multiple wallets that are only eligible for Moon Tier will not be asked to designate a primary wallet.
Multiple Whitelist Submissions
Applicants submitting multiple applications for the Whitelist using the same email address and the same ERC wallet address(es) will have their previous submissions removed. Only the newest whitelist submission will be considered for the lottery. All previous applications will be excluded from the lottery.
Applicants wishing to re-apply for the whitelist must do so with the same email address and same ERC wallet address(es). Re-submitting a whitelist application will invalidate previous submissions.
NOTE: PAID Network automatically disqualifies ERC addresses if they are submitted in multiple applications using different email addresses. If you submit multiple Whitelist applications using the same ERC wallet address but different email addresses, all ERC addresses in those submissions will be disqualified. Please take care to record your whitelist submissions, so that you do not accidentally submit a second time with a different email address.
Galaxy Tier via Multiple ERC-20 Requirements
The sum total for $PAID token balances across multiple ERC-20 wallet addresses is considered only for GALAXY Tier and COSMOS Tier ticket eligibility. Whitelist applications eligible for MOON Tier tickets will have their multiple ERC wallet balances evaluated on an individual basis. PAID Network will not include the sum total of all wallets provided for MOON Tier.
NOTE: For applicants eligible for MOON Tier tickets, ERC wallet addresses that hold $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. The only exception is $PAID token holders who are eligible for GALAXY Tier and COSMOS Tier, with eligibility based on the sum total of all ERC addresses.
Example: A Whitelist application is submitted with two separate ERC wallet addresses. The first wallet holds a balance of 1,600 $PAID tokens, while the second holds a balance of 1,400 $PAID tokens. The applicant is only eligible for TWO Moon Tier tickets, as each individual wallet is eligible only for one Moon Tier ticket. Though the sum total of both wallet addresses is three thousand (3,000) PAID Tokens, each wallet address is evaluated individually for Moon Tier submissions. However, if these wallet addresses are included in a Galaxy Tier application, the sum total across all wallet addresses will be considered; in the example, the Galaxy/Cosmos Tier applicant will receive 3 lottery tickets across these two ERC wallet addresses, as the sum total is 3,000.
$PAID tokens that are staked on LaunchPool, Unifarm, or other staking platforms will not be eligible for PAID Ignition lotteries. Applicants wishing to include staked tokens must unstake them and hold them in a Metamask Wallet before whitelisting. Ignition has the intention of launching a native staking platform in the future where users will be able to stake their $PAID tokens and participate in the lottery. We will notify the community when this becomes available.
$PAID tokens held in any Centralized Exchange (CEX) will not be eligible for PAID Ignition lotteries. Applicants wishing to include these tokens must move them into a Metamask wallet before whitelisting.Currently there are NO official CEXs which have listed $PAID. Gate.io and other exchanges that have listed $PAID to this date are unofficial listings. PAID does not recommend using any unofficial exchanges.
Locked/ Vested Tokens:
Only LIQUID $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 $PAID tokens being held in ERC wallets included in Whitelist submissions must be held from the date and time of Whitelist closing until the actual IDO date and time. PAID Ignition Lottery platform detects changes in $PAID token balances for included ERC wallet addresses. Participants who transfer $PAID tokens out of their ERC 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 during the time frame stated in IDO announcements. 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. Please note that there may be additional prohibited countries, as dictated by each individual IDO project. To find out, check the relevant IDO announcements and whitelist forms. 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.
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.