PAID NETWORK

Oct 26, 2020

6 min read

PAID Network Token Economics

The Token Economics behind trustless, borderless business

  • Purchasing agreements and contracts.
  • Purchasing of subscription services and payment of associated fees.
  • Staking earns the user rewards.
  • Provision of lending and insurance products to secure agreements.
  • Escrow services between parties upon SMART Agreements being fulfilled.
  • DAICO.
  • Immutable blockchain reputation scoring, based on good or bad business. transaction history, ensuring unbiased opinion.
  • Staked community arbitrators incentivized to quickly resolve disputes.
  • Dispute resolution through proof of stake.
  • Fees generated for successful arbitrators.
  • PAID will collect a percentage of fees generated by stakers.
  • PAID will collect a percentage of fees created by users of the products.
  • PAID will collect subscription fees for accessing the SMART Agreements platform and products.
  • PAID will collect a percentage of fees generated as users engage with escrow services.
  • PAID will collect a percentage of fees generated as users engage with arbitration services.
  • PAID will collect revenue generated as projects move through the DAICO process, paying fees in order to access listing and DeFi services.
  • Tokens generated by DAICO projects will be dropped to stakers.
  • Community members will need to stake in order to gain access to and participate in presale opportunities and airdrops.
  • 25% of all network transaction fees are burned to support deflationary goals of attracting capital.
  • The token burn will also put upward pressure on price due to decreased supply and the assumption of stable or growing demand.