PAID Network Token Distribution Mechanism
(Updated Dec 30, 2020)
PAID Network is built around the PAID token. As we have previously stated, our goal is to ensure we provide maximum utility and value back to our token holders. The PAID token is not simply added on to a protocol in which it is not needed; it is a vital part of what will make PAID Network work. All services offered in the ecosystem, including arbitration, escrow, lending, insurance, DAICO rewards, and more, will be payable using the PAID token.
Providing value to our users extends to our token vesting schedule. This is as follows:
Seed
PAID tokens to be offered at $0.0150, targeting funds raised of $500,000. Seed round tokens unlock in month two, distributed over nine months.
Private A
PAID tokens to be offered at $0.0250, targeting funds raised of $750,000 and a market cap of $497,000. 10% of Private A round tokens unlock at listing, the remaining 90% will be distributed over six months.
Private B
PAID tokens to be offered at $0.0350, targeting funds raised of $700,000, and a market cap of $696,000. 25% of Private B round tokens unlock at listing, the remaining 75% will be distributed over three months.
Public Sale
PAID tokens to be offered at $0.0420, targeting funds raised of $249,000 and a market cap of $835,000. 100% of Public round tokens unlock at listing.
Advisors
Advisor PAID tokens to unlock in month two, distributed over twenty-four months.
Team
Team PAID tokens to unlock at month twelve, distributed over twenty-four months.
Research
Research PAID tokens to unlock at month seven, distributed over sixty months.
Ecosystem, Growth, and Referrals
Ecosystem growth and referral PAID tokens to unlock at month two, distributed over sixty months.
Exchanges and Market Making
100% of exchange and market listing PAID tokens distributed at the listing.
Staking
Early staking PAID tokens are disbursed to stakers at 30% APR.
General Reserve
General reserve PAID tokens to unlock in month seven, distributed over sixty months.
Preparing for launch
We are busy completing the outstanding items on our roadmap prior to our public sale and PAID token listing in Q1 2021. We are excited to be nearing the launch of PAID Network, and we are looking forward to being able to share more with you in the coming weeks.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts to execute business agreements seamlessly, and DeFi to make business exponentially more efficient.
For any questions please feel free to reach out to us on:
Telegram: https://t.me/paidnetwork
Twitter: https://twitter.com/paid_network
Medium: https://medium.com/@Paidnetwork
