Dubai, UAE, October 29th, 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. (Blast Royale’s previous rounds led by Animoca Brands, & Mechanism incl. 2022 FDV of 33.7M and Early 2024 FDV of 48M).
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 without the insane valuations or pump-and-dump hype. This is about getting back to the core of why we’re here: creating opportunities for everyone to win and be part of something bigger.”
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,…