Paid Network (PAID)

Basics

• Based in:
• Started in / Announced on:
• Mainnet release:
• From CoinDesk (6-3-2021):

"A decentralized finance (DeFi) app that loosely describes itself as a smart contract program for businesses."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Bugs/Hacks

• From CoinDesk (6-3-2021):

"Has been exploited through the contract’s token minting feature. Some 60 million PAID tokens, worth about $37 million at press time, have been wrongly created."

• Rekt wrote about potential insider jobs or one founder rugging the other founder (5-3-2021);

"@n2ckchong’s finding seems to correlate with this suggestion, as he pointed out that “Paid Network's deployer, an EOA, transferred ownership of a contract to the attacker 30 mins before the mint.”"

• Incidentaly, Paid had a partnership announcement with PolkaCover the same day. The announcement seems to be just before the hack.

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Kyle Chasse; CEO "a Youtuber and self-proclaimed “master disruptor crypto OG”" (5-3-2021)

Partners

• PolkaCover; just before their hack on the same day, they partnered with PolkaCover (5-3-2021).

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