PAID Network

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PAID Network

PAID Network

PAID Network and its Ignition platform focus on decentralized business operations, smart agreements, and crowdfunding initiatives using technology. It strives to improve transaction transparency and efficiency while supporting innovative projects in the ecosystem.

Overview

Established in October 2020, PAID Network operates Ignition, its decentralized crowdfunding platform. PAID Network aims to transform the launchpad and crowdfunding sectors by prioritizing transparency, security, and efficiency. Central to PAID Network's strategy is introducing a Public Beneficiary Offering (PBO) model to address key crowdfunding challenges. This model ensures transparency by providing stakeholders with comprehensive project and funding details. technology enhances security by offering immutable transaction records and automated functionalities, mitigating risks such as fraud. [1]

Efficiency is also a core focus, with PAID Network leveraging to streamline crowdfunding processes, reducing approval times and transaction costs. This approach aims to democratize access to crowdfunding, making it more accessible and efficient for a wider range of participants. PAID Network seeks to drive innovation in the launchpad and crowdfunding industries by integrating the PBO model with technology, benefiting project founders and investors. [1]

Ignition v2

$PAID Ignition v2 represents a next-generation crowdfunding platform aiming to foster a sustainable, inclusive token economy by accelerating top-tier projects through crowdfunding. Participation in $PAID Ignition launches is now open to all, emphasizing inclusivity within the ecosystem. The Open Pool operates on a first-come, first-served basis without token holder exclusivity, though user allocation limits may apply based on project raise requirements. [2]

Early access to the Open Pool is granted to smaller stakers of $PAID tokens, opening one hour earlier than the general public. Larger $PAID token holders staking at least 75,000 $PAID qualify for the exclusive Early Pool. verification is mandatory for contributions exceeding $1000; otherwise, contributions must remain below this threshold to bypass requirements, with verification needed 25 hours before participating in Early and Open Pools. [2]

Engagement with PAID Ignition's pools incurs fuel charges of 5% (Early Pool), 10% (Early Access to Open Pool), and 15% (Open Pool). Half of the fee revenue is used to purchase PAID tokens from the market, which are to reduce the circulating supply permanently. Participation fuel generated enhances the resource pool and is reinvested entirely into the community through rewards, emphasizing sustainability and growth in the space. [2]

In Ignition v2, a refund option is available in case of serious launch issues such as problems, unfair treatment of launchpad participants, , or other detrimental situations. A configurable lockup period prevents project funds from being withdrawn immediately after Token Generation Events (TGEs). If necessary, refunds can be initiated during this period, allowing token holders to retrieve their tokens from the platform. [2]

Vesting Portal

The $PAID Vesting Portal offers users a streamlined interface to manage their allocations efficiently and transparently. It consolidates participation across project pools, providing a comprehensive view of ongoing and completed projects. Users benefit from detailed vesting schedules, including Token Generation Event (TGE) percentages and timelines, ensuring clarity throughout their investment journey. [2]

Real-time updates enable users to monitor allocation amounts, expected token receipts, and launch prices, empowering them with proactive insights. Claiming tokens is straightforward, with a simple one-click process directly from the portal, ensuring security and ease of use. Integrated with users' primary , the portal ensures transparent and traceable transactions while focusing on security. [2]

Customizable filters and sorting options allow users to navigate allocations according to their preferences, enhancing usability. The $PAID Vesting Portal sets a new standard for managing investments, emphasizing control, transparency, and user-centric functionality in the ecosystem. [2]

Key Opinion Leaders (KOLs)

PAID Network and Ignition's collaboration with Key Opinion Leaders (KOLs) underscores a commitment to inclusive access to and projects for all participants. Leveraging KOLs offers several advantages: [3]

  1. Enhanced Exposure: Partnering with KOLs amplifies visibility across social media platforms, reaching broader audiences and increasing brand awareness.
  2. Reliability and Confidence: KOLs, recognized for their credibility within their communities, enhance trust in PAID Network and Ignition among potential users and stakeholders.
  3. Community Engagement: KOLs foster active community participation through discussions, events, and advocacy, encouraging followers to engage with their communities and the PAID Network.
  4. Educational Advocacy: KOLs are crucial in educating the community about PAID Network's advancements and economic models, ensuring clarity and understanding among users and stakeholders alike.

KOL Advisors

$PAID is a with multiple utilities that foster long-term community value. Participation fuel generated from crowdfunding activities will be used for $PAID buybacks, with half of the collected fuel used to purchase tokens on the open market. Subsequently, the fuel will be to reduce the circulating supply and enhance scarcity. This deflationary strategy is intended to support the value of $PAID over time. [4]

Dual-sided liquidity with $PAID and major pairs like / will ensure robust depths, facilitating higher trade volumes with reduced , which is advantageous for traders. Protocol revenue will primarily reward $PAID stakers through Real Yield and returns from the $PAID Community Fund, promoting a sustainable token economy. [4]

Additionally, token holders who stake $PAID on Ignition will be eligible for from partner projects launching on the platform. These , allocated as a percentage of the project's supply, will be distributed proportionally to staked $PAID holders, further incentivizing long-term engagement and participation. [4]

$PAID.webp

Circular Economy

The updated $PAID v2 token economics and enhanced token utility are designed to create a self-sustaining economic cycle, continually generating value for the protocol and its community. Unlike many other protocols, profits generated by $PAID Ignition v2 operations, including participation, fuel, and returns from the Community Fund, will be reinvested into the ecosystem. This approach aims to reward loyal users and support sustainable growth. [5]

A 2% fee on platform interactions like and unstaking will contribute to the PAID Community Fund, bolstering platform sustainability. Moving to Real Yield marks a departure from the previous linear model, deemed unsustainable due to high token emissions. This shift underscores $PAID's commitment to longevity and delivering genuine value, moving away from unsustainable practices like high and ponzi-like dynamics. [5]

$PAID Circle.jpg

The $PAID Community Fund is a pivotal component of the $PAID ecosystem, offering a novel approach to community collaboration. Its primary objectives include rewarding $PAID token sustainably, attracting new participants to the ecosystem, and enhancing the token's rate through structured investments. Initially overseen by internal team members, the ultimate aim is to transition operational control to a composed of $PAID token . [6]

Key features of the $PAID Community Fund include proposals and voting mechanisms open to all , with greater voting power tied to higher token . This structure empowers the community to propose and decide on project investments, focusing on early-stage ventures that traditional launchpads often overlook. The Fund's returns are reinvested into $PAID tokens, distributed as incentives to , and funded through a 2% on-chain tax on -related transactions. This model ensures sustainability while enabling robust support for emerging projects in the space. [6]

Launched Projects

Partnerships

Backers

There are various investors in the PAID Network, including:

Integrations

Exchanges

Providers

  • GSR
  • Acheron Trading
  • Paladin
  • Sotatek

Sniper School

On March 19th, 2024, PAID Network collaborated with Sheldon’s Sniper School, hosted by Crypto Banter. This partnership marked a step forward as PAID Network aimed to attract and onboard new users while providing them with essential education and guidance to navigate the complex world of confidently. [7]

Lossless

On December 10th, 2021, PAID Network and Master Ventures proudly announced a new partnership with Lossless, an advanced hack and fraud mitigation tool. This collaboration allowed both parties to work closely with Lossless to minimize fraudulent activities within the and space. Lossless's technology enabled the urgent freezing of funds, fraud analysis, and the potential reversal of stolen funds upon confirmation of fraudulent activities. [8]

REFERENCES

[1]
paidnetwork.gitbook.io

Welcome to PAID Network | PAID Docs

Jun 27, 2024

[2]
paidnetwork.gitbook.io

Ignition | PAID Docs

Jun 27, 2024

[3]
paidnetwork.medium.com

PAID Network x KOLs

Jun 27, 2024

[4]
paidnetwork.gitbook.io

Token Utility | PAID Docs

Jun 27, 2024

[5]
paidnetwork.gitbook.io

Circular Economy | PAID Docs

Jun 27, 2024

[6]
paidnetwork.gitbook.io

Community Fund | PAID Docs

Jun 27, 2024

[7]
paidnetwork.medium.com

PAID Network x Sniper School

Jun 27, 2024

[8]
paidnetwork.medium.com

PAID Network x Lossless

Jun 27, 2024

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