PAID Network (PAID) is a decentralized business toolkit that simplifies legal contracts through SMART Agreements, escrow, reputation-scoring, and dispute arbitration. It also integrates DeFi tools like insurance, borrowing, and lending, providing a comprehensive platform for conducting business transactions without the need for lawyers.
PAID Network (PAID) is a comprehensive business toolkit designed to simplify and streamline business transactions. It leverages blockchain technology to provide a suite of tools and services that facilitate efficient and secure business operations. Here are some key ways PAID Network is used:
SMART Agreements: PAID Network offers SMART Agreements, which are simplified business contracts written in easy-to-understand language and signed on-chain between two parties conducting business. These agreements are designed to reduce the need for legal counsel and complex contracts.
Escrow and Insurance: The platform includes escrow services to reduce transaction risk between parties. Additionally, insurance options are available to protect against default.
Dispute Arbitration and Resolution: In the event of disputes, PAID Network employs a random arbitrator selection process using Chainlink's random number generator. This ensures fair and impartial dispute resolution.
Reputation Scoring: The platform tracks user behavior through reputation scoring, which helps prevent bad actors from creating new accounts to defraud future business contacts. This scoring system also allows users to view transaction histories and feedback from other business contacts.
DeFi Tools: PAID Network integrates DeFi tools such as borrowing, lending, and insurance pooling. Users can deposit their PAID tokens into liquidity pools for lending and insurance, and also take out loans for business endeavors. Loan applicants are vetted using the reputation scoring system.
DAICO Model: PAID Network employs a DAICO (Decentralized Autonomous Initial Coin Offering) model to organize and collect investment for new projects. This model ensures accountability to investors and allows for refunds if projects fail to meet their promises.
- Staking: Users can stake their PAID tokens to gain exclusive access to benefits designed to enrich their experience on the platform.
Overall, PAID Network aims to provide a one-stop solution for conducting business transactions efficiently and securely, leveraging blockchain technology and DeFi tools to simplify and streamline the process.
To store PAID Network (PAID) tokens, you can follow these steps:
Purchase PAID Tokens:
- You can buy PAID tokens on Uniswap. Ensure you have the correct contract address: 0xad86d0e976....
Connect Your Wallet:
- Go to the PancakeSwap website and connect your wallet. Make sure it is on the BSC network.
Store Tokens:
- Once you have purchased the tokens, they will be stored in your wallet. You can manage and view your tokens within your wallet.
Staking:
- To stake your PAID tokens, visit the Ignition Staking website (ignition.paidnetwork.com/staking) and follow the staking process. This will allow you to participate in various benefits such as airdrops, revenue share, and governance.
sPAID Token:
- After staking, you will receive sPAID tokens, which represent your staked amount. You can add the sPAID token contract address (0x071Fe1027e1064390083019019e9182CB4Fb43FB) to your wallet to manage your staked tokens.
By following these steps, you can securely store and manage your PAID tokens.
To buy PAID Network (PAID) tokens, follow these steps:
Choose an Exchange: PAID tokens are available on several exchanges, including Uniswap, PancakeSwap, and LATOKEN. You can choose the exchange that best suits your needs.
Get the Correct Contract Address: Ensure you have the correct contract address for PAID tokens. The correct address is 0x1614f18fc94f47967a3fbe5ffcd46d4e7da3d787. You can verify this on Etherscan by searching for "PAID Network" and copying the contract address from the search results.
Set Up Your Wallet: Connect your wallet to the chosen exchange, ensuring it is on the correct network (e.g., Binance Smart Chain for PancakeSwap).
Adjust Slippage Tolerance: On Uniswap, adjust the slippage tolerance to 5% to avoid transaction issues. This can be done in the advanced transaction settings menu.
Start Trading: Once you have the correct token and adjusted slippage tolerance, you can execute your trade for PAID tokens.
Add Custom Token to Metamask: To view your PAID tokens in your Metamask wallet, follow the tutorial on adding a custom token.
- Participate in the Ignition Platform: With at least 1,000 PAID tokens, you can participate in the Ignition platform lottery, or with 75,000 tokens, you can get a guaranteed allocation.
For more information and support, you can reach out to PAID Network through their website, Telegram, Twitter, or Medium.