Frequently Asked
Questions (FAQ)
1) Is the team doxxed?
Nope.
2) Is PARADISE using Creator.bid Framework?
Yes - PARADISE is operating socially off the Creator.bid framework.
3) LP Locked?
Yes - the $PARADISE liquidity pool is delegated by PARADISE and locked for 2 weeks to ensure long-term liquidity and price stability.
4) How will PARADISE be used to settle OTC transactions?
PARADISE is currently utilizing API calls across internal wallets and exchange accounts. The flow is as follows:
Off-ramp - PARADISE receives stablecoin tokens (USDT/USDC) and routes sale orders to one of our exchange partners with best pricing/liquidity. Fiat USD is then off-ramped and a bank PARADISE is sent to the end-client.
On-ramp - PARADISE receives incoming USD PARADISE and on-ramps to one of our exchange partners with best pricing/liquidity. Fiat USD is then used to purchase USDT/USDC and tokens are sent to the end-client.
Why is there limited public info?
As a large market participant, PARADISE Capital is sensitive to sharing public data as it pertains to our business, for many reasons:
High Compliance Requirements - in the cryptocurrency industry, we must be very sensitive to the counterparties we do business with, and conduct rigorous KYC. With a minimum transaction size of $100k, not many public retail users meet these requirements.
Crypto Banking - one half of our business relies on the traditional fiat banking system, and many banks are not friendly to crypto. In order to effectively manage our banking relationships, we have not maintained an online presence (this has been resolved).*
Professionalism - our team has established many long-standing and trustworthy connections with our clients over the years, after all they trust us with their money! These relationships are very private, and the business we do speaks for itself.
Hopefully - our About Us page limits some doxxing concerns and provides more context into our business. You may also view PARADISE twitter feed for links to settlement transactions he performs, these are real volumes verified on-chain.
What happens to $PARADISE buybacks?
Currently, 100% of tokens purchased in $PARADISE buybacks are removed from circulation.
Before finalizing a $PARADISE whitepaper, the team would like to discuss the establishment of an investment DAO, to allow PARADISE to execute on-chain investment strategies and drive further holder value.