What is PAID Network (PAID)?

Quick Facts

  • Token symbol: PAID
  • Launched: January 2021 via IDO on Polkastarter
  • Founder: Kyle Chasse (CEO), blockchain developer since 2012
  • Blockchains: Ethereum, BNB Smart Chain, Base
  • Core model: LowFDV Community Offerings (LCO) launchpad
  • Community: Over 250,000 members across channels
  • Track record: Facilitated over $35 million across 110+ investments

Introduction

PAID Network is a decentralized crowdfunding and launchpad platform built to connect thoroughly vetted Web3 projects with community investors. Its mission is to make high-quality early-stage investment opportunities accessible to everyone, not just venture capital insiders.

The platform combines a community-driven funding model with a sustainable token economy, positioning itself as a bridge between promising blockchain projects and a broad, engaged investor base.

History & Background

PAID Network published its first whitepaper in late 2020, followed by a successful IDO on Polkastarter in January 2021. The project was founded by Kyle Chasse, alongside core team members covering engineering, marketing, and product development.

Originally focused on blockchain-powered SMART Agreements and legal infrastructure, the platform later evolved and rebranded toward a full-featured decentralized launchpad. The token contract has since migrated to a new address on Base, reflecting the project's ongoing development.

How PAID Network Works

PAID operates through a multi-tiered pool system. The EarlyPool gives priority access and guaranteed allocations to users who stake a qualifying amount of PAID tokens. The OpenPool requires no staking, ensuring broad participation for any community member.

All investment pools are conducted using stablecoins, making participation straightforward. The platform applies rigorous due diligence to projects before listing them, aiming to protect participants from low-quality offerings.

Tokenomics

The PAID token serves as the core utility token of the ecosystem. Holders use it to access priority tiers, earn staking rewards, and participate in governance. Token holders with significant stakes gain earlier and guaranteed access to new project launches.

Protocol revenue from participation fees drives a buyback-and-burn mechanism, where a portion of collected fees is used to purchase PAID on the open market and burn it, reducing supply over time. Staking rewards are designed around real protocol yields rather than unsustainable inflation, aiming for long-term token health.

Circulating supply ? 542.83 million PAID
Total supply ? 589.69 million PAID
Max supply ? -- PAID
Updated 9mo ago

Ecosystem & Use Cases

  • Launchpad access: Stake PAID to unlock guaranteed allocations in new project launches
  • Staking rewards: Earn a share of protocol revenue by locking tokens
  • Community Fund: A pool governed by stakers to invest in early-stage projects
  • Partner airdrops: Stakers are eligible for tokens from projects launching on the platform
  • Multi-chain support: Integrated across more than ten blockchain networks

Team, Governance & Community

The founding team is led by Kyle Chasse as CEO, with Ben Stahlhood II as VP of Engineering, and supporting members in marketing, product, and development. The platform has built a community exceeding 250,000 members.

Governance is transitioning toward a DAO structure, where PAID stakers will propose and vote on community fund investments. Voting power scales with token holdings, rewarding long-term participants.

Advantages

  • Accessible crowdfunding: OpenPool removes barriers — no staking required to participate
  • Sustainable token model: Real-yield staking replaces inflationary emissions
  • Deflationary pressure: Buyback-and-burn mechanics reduce token supply over time
  • Proven track record: Notable project launches with strong historical returns
  • Multi-chain reach: Active on Ethereum, BNB Smart Chain, and Base

Risks & Challenges

  • Market competition: The launchpad sector is highly competitive with many established platforms
  • Token price performance: Significant decline from all-time highs reflects broader market and platform challenges
  • Centralization risk: DAO transition is still underway; governance remains partially centralized
  • Contract migration history: Multiple contract migrations may create confusion for token holders
  • Project quality risk: Returns depend heavily on the quality of projects selected for launch

Long-Term Vision

PAID Network aims to become a leading decentralized crowdfunding layer for Web3, powered by its PAID Flywheel — a self-reinforcing cycle where protocol revenue funds buybacks, staking rewards attract more participants, and successful launches draw in better projects.

The ultimate goal is full community ownership through a DAO, where stakers govern the Community Fund and collectively decide which early-stage projects receive support, democratizing access to Web3 investment at scale.

Frequently Asked Questions

PAID Network is a decentralized launchpad and crowdfunding platform that connects vetted Web3 projects with community investors. It uses a tiered pool system and a sustainable token economy to democratize early-stage investment access.

PAID is the platform's core utility token used for staking to unlock priority investment allocations, earning protocol revenue rewards, and participating in governance decisions. It also benefits from buyback-and-burn mechanics funded by platform fees.

The EarlyPool offers guaranteed investment allocations to users who stake a qualifying amount of PAID tokens, along with a share of protocol revenue. The OpenPool is open to everyone with no staking requirement, ensuring broad community access.

PAID Network is deployed on Ethereum, BNB Smart Chain, and Base. The platform also supports integration across more than ten blockchain networks in total.

PAID Network was founded by Kyle Chasse, who has been working in blockchain since 2012, alongside a core team including Ben Stahlhood II as VP of Engineering and Usman Khan as CMO.

A portion of revenue collected from participation fees is used to buy PAID tokens on the open market. These purchased tokens are then burned, permanently reducing supply and creating deflationary pressure over time.

The platform is actively transitioning toward DAO governance, where PAID stakers will vote on community fund investments with voting power proportional to their stake. Currently, some operational control remains with the core team.

PAID Network has facilitated over $35 million in capital across more than 110 investments. Past launches have included projects like Thetan Arena, Star Atlas, and AIOZ Network, each achieving significant returns at their all-time highs.