Paid Network is a protocol that aims to provide users with blockchain-based, decentralized finance-driven legal agreements, and easy-to-use web and mobile applications, enabling them to do business with any person, anywhere in the world, without the need for expensive legal services.
This article will take a deep dive into the Paid Network to understand what it is and how it functions. We shall also explore the use cases of its native PAID token, make price predictions until 2030, and list exchanges where you can buy and trade the tokens, before determining whether it is a credible cryptocurrency investment.
So, let’s get started.
What is the Paid Network (PAID)?
Paid Network is a decentralized application (DApp) that aims to create the world’s first decentralized legal system (DeLa) to revolutionize the traditional judicial system. For this purpose, it has created a blockchain-based, DeFi-driven legal agreement called “SMART agreements” that ensures interoperability between regional legal systems and procedures.
By operating on both the Ethereum and Polkadot blockchains, Paid removes the unnecessary complexities of creating and executing documents that complicate arbitration. Additionally, the protocol has introduced a new suite of DeFi tools such as launchpad, staking, insurance, and escrow that allow users to complete the business agreement process from start to finish through a single platform.
How Does Paid Network Work?
Paid Network bases its primary functions on a suite of the following DeFi protocols:
- Launchpad
The Paid Launchpad is a decentralized token-swapping protocol for all cryptocurrencies. It offers access to private and public pools in ETH or BNB to holders of the PAID token.
To join the launchpad, users must have a specified amount of PAID for a certain period. The Ignition platform allows PAID holders to participate in curated and novel private and public token auctions.
- SMART Agreement
The Paid Network simplifies executing and enforcing legal contracts by removing all the unnecessary wording. With the protocol’s proprietary SMART agreement templates, users can quickly fill in terms and execute simplified business contracts on their laptops or mobile phones.
- Escrow and Lending
The blockchain’s decentralized P2P marketplace facilitates escrow borrowing and lending. Escrow funding is based on the credit score of the borrower involved in the Smart agreement. The reputation-scoring method will give PAID an accurate assessment of the borrower’s integrity to reduce the lender’s risk exposure.
What is the PAID Token?
PAID is the native utility cryptocurrency of the Paid Network. The token has several core functions, such as it can be used for purchasing agreements and subscription service fees and also be used in DeFi for staking rewards, lending, and insurance.
The token is also used for reputation and governance through the Paid Network’s reputation scores, arbitration, and dispute resolution.
PAID has a maximum supply of 594.717 million tokens, out of which, 288.903 million PAID are currently in circulation. The token has a market capitalization of $42.382 million and attained a 24-hour trading volume of $375,474.
PAID Price Prediction: 2024, 2025-2030
At the time of writing, PAID is trading at $0.1467 – up 3.47% in the last 24 hours. Based on its current valuation, we have made some projections on the minimum, average, and maximum prices at which PAID is expected to trade between 2024 and 2030.
Note that these prices are speculative and will change depending on the market performance of the Paid Network.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2024 | $0.2429 | $0.2523 | $0.2825 |
| 2025 | $0.3649 | $0.3775 | $0.4244 |
| 2026 | $0.5035 | $0.5223 | $0.6344 |
| 2027 | $0.7234 | $0.7443 | $0.8836 |
| 2028 | $1.27 | $1.06 | $1.03 |
| 2029 | $1.52 | $1.57 | $1.79 |
| 2030 | $2.13 | $2.20 | $2.67 |
Where to Buy Paid Network (PAID) Tokens?
Paid Network (PAID) tokens can be purchased and traded on the following cryptocurrency exchanges:
Is the Paid Network a Credible Cryptocurrency Investment?
Paid Network aims to revolutionize the traditional judiciary system by creating the world’s first decentralized law network that offers an attorney-free and affordable service for individuals and businesses.
The decentralized legal network resolves disputes fairly and in a much quicker way than any existing legal system. The platform’s low fees allow anyone regardless of their financial status to resolve unfair disputes with corporations and enable safe cross-border, over-the-counter transactions and international settlements that are resolved trustlessly and transparently.
The PAID token shows a positive upward trend going into 2030. This indicates that there is more room to grow for the Paid Network. All things considered, I would recommend PAID as a credible cryptocurrency investment due to the unique challenge that it aims to solve.
However, as is the case with every cryptocurrency, PAID is also prone to extreme price fluctuations. Therefore, you must do thorough research before making any investment decision regarding the Paid Network.
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