PAID

What is PAID Network?

PAID Network is a decentralized protocol that facilitates borderless business transactions by providing tools and infrastructure for secure, transparent, and efficient smart agreements. Utilizing blockchain technology, PAID Network enables users to create, execute, and manage legally-binding agreements without the need for intermediaries, thereby reducing costs and enhancing trust in business relationships. With its suite of products including Ignition, the IDO Launchpad, and SMART Agreements, PAID Network aims to revolutionize the way business is conducted globally, fostering a more accessible, fair, and decentralized economy for all participants.

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Recent Video Interview

Main points of the interview:

• Kyle Chasse, CEO of Paid Network, shares his journey from a serial entrepreneur to crypto.
• Paid Network’s focus on creating simplified smart agreements to enhance business efficiency.
• The use of DeFi tools for secure transactions, dispute resolution, and integrating reputation systems for user profiles.
• Paid Network aims to build a comprehensive business toolkit on Ethereum and Polkadot environments.

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What is Ignition?

Ignition serves as PAID Network’s IDO Launchpad, aiming to connect highly-vetted founders with curated projects to crowd-sourced funding. It provides best-in-class incubation tools and advisors to bring creators' visions to fruition for the benefit of all stakeholders.

Staking

• Ignition implements a 2% fee for both staking and unstaking, utilized for ecosystem maintenance and refilling the Community Fund.
• Users can stake tokens without a time lock, with the option to choose the amount and receive sPAID (staked $PAID derivative) representing their stake.

Benefits of Staking on Ignition

• Early Pool Access: Stakeholders with at least 75,000 $PAID gain early access to project pools. This uncapped allocation provides an advantage for early contributors.
• Protocol Revenue: Stakers receive $PAID tokens via real yield APY from the Community Fund investment profits. This sustainable revenue stream incentivizes long-term staking.
• Partner Airdrops: Staked token holders are eligible for token airdrops from participating projects. This additional benefit rewards community engagement and loyalty.
• Governance: Stakers engage in decision-making processes through voting on proposals in the $PAID Community Fund. This democratic feature ensures community involvement in project decisions.

Circular Economy

The project implements a self-sustaining economic cycle through on-chain taxation, token burns, liquidity provisioning, and staking rewards.

The $PAID Community Fund

The $PAID Community Fund stands as a cornerstone within the PAID Network ecosystem, embodying its commitment to community empowerment and collaborative growth. Serving as a catalyst for engagement, the Community Fund not only incentivizes token stakers with rewards but also serves as a beacon, drawing new members into the network.

Its innovative structure provides a platform for early-stage deal exposure, offering participants the opportunity to engage with projects at their inception. By redefining traditional notions of community collaboration and investment, the Community Fund fosters a vibrant ecosystem where stakeholders actively contribute to the network's development and success.

What Problems Does PAID Network Solve?

Recognizing challenges in existing launchpad models, Ignition v2 aims for inclusivity and sustainability. By lowering entry barriers and enhancing user experience, the platform seeks to create a more equitable crowdfunding environment. The Open Pool Era: A Paradigm Shift

Introducing the Early and Open Pools, removing barriers to entry and democratizing participation. This paradigm shift reflects a commitment to inclusivity and accessibility for all users, regardless of their portfolio size.

Ignition's Features

• Chains is the Only Constant: Integration with new chains like Arbitrum and Avalanche expands accessibility and inclusivity. By embracing diverse blockchain ecosystems, Ignition v2 promotes democratized participation and growth.
• New Vesting Portal: A revamped platform offers simplicity and control over digital asset investments, ensuring transparency and ease of use. The new Vesting Portal provides users with a seamless experience to track and manage their allocations.
• New User Protection System: Refund options provide protection in case of serious launch issues, ensuring user trust and security. By prioritizing user protection, Ignition v2 aims to build a trustworthy and reliable crowdfunding platform.

Team Background

CEO Kyle Chasse boasts a rich history in blockchain, spanning back to 2012, with investments in over 40 prominent companies such as Kraken, Coinbase, and Ripple, among others. His portfolio showcases a diverse range of successful ventures. Notably, in 2013, he spearheaded the creation of World Super Lotto, the pioneering Bitcoin-based lottery, operational from 2014 to 2015. Kyle's expertise extends beyond investments; he is a renowned blockchain speaker and advisor to esteemed projects like Hathor and Elrond.

Lawrence Hutson, PAID Network's Chief Technology Officer, brings over three decades of CTO experience, having played a pivotal role in Travelocity's inception. Dane Hoy, the Business Development Officer, contributes over five years of blockchain industry expertise, garnered from various entrepreneurial ventures and advisory roles within the blockchain ecosystem. Their combined expertise positions PAID Network for exceptional leadership and technological innovation.

Similar Projects

Some similar projects to PAID Network: Bounce, Forj, Convergence, Exeedme, MANTRA, Red Kite, Polkastarter, Poolz Finance, Acala...

Project Development

Umoja Protocol, the world's first Smart Money Protocol, is launching its highly anticipated project through Ignition, the IDO Launchpad by PAID Network. Umoja aims to democratize wealth creation in the crypto space by providing access to sophisticated financial tools previously available only to institutional investors. Through its Synths, Umoja offers risk-minimizing strategies that automate financial management or create innovative financial products such as high-yield stablecoins, hedged assets, boosted assets for enhanced returns, and specialized DeFi hedges. With its launch on Ignition, Umoja is set to usher in a new era of decentralized finance, where individuals can leverage smart financial strategies to achieve their investment goals and contribute to the growth of the community.

PAID Price Analysis

As of December 22 2024 PAID has a marketcap of $36M. This is {{percentagefromath}} from its all time high of $6.04. In terms of its tokenomics, there's a total supply of 591M with 78% currently outstanding. Keep in mind PAID has a fully diluted value of $47M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.