PAID
PAID
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PAID Network faces severe data availability issues across multiple dimensions, resulting in data gaps (scores of -1.0) in Active Development, Community Support, Market and Use Case, and Team and Governance. Only Tokenomics and Security and Audit History could be evaluated. Tokenomics scored 5.0/10, supported by utility in a stake-to-access launchpad model and deflationary burn mechanisms, though lacking verifiable current vesting and distribution metrics. Security and Audit History scored 2.5/10 due to a major historical incident on March 5, 2021, where compromised private keys on an upgradeable proxy contract allowed an attacker to mint ~59.5M tokens ($160M notional) and extract ~$3M in ETH. Although the team remediated the incident via snapshot and contract migration over five years ago, the event highlights severe operational key-management risk. With four out of six evaluation categories exhibiting complete data gaps and an overall weighted score of 3.9/10, the project presents substantial risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About PAID (PAID)
PAID is the native token of PAID Network, a crypto platform designed around a stake-to-access launchpad model. Initially established on the Ethereum blockchain and later deployed on Base, the token's core utility involves staking to secure participation in project fundraising events. The tokenomics model also incorporates a stated deflationary mechanism tied to fundraising activities on the platform.
On March 5, 2021, PAID Network suffered a critical security incident involving an infinite mint attack. An attacker gained unauthorized control of the upgradeable proxy contract through compromised owner private keys. The attacker burned approximately 60 million PAID tokens, minted 59,471,745 new tokens—valued at approximately $160 million in notional value at the time—and sold roughly 2.4 million tokens through Uniswap to extract over 2,000 ETH (approximately $3 million). Following the breach, the team pulled liquidity, deployed a new smart contract, and restored user balances using a pre-incident snapshot.
While the original smart contract had undergone an audit by CertiK in January 2021, the post-mortem attributed the exploit to operational key mismanagement and centralized contract permissions rather than flaws in the audited code. Additionally, evaluation data indicates extensive information gaps regarding the project's current operational status, with insufficient verifiable records covering ongoing development activity, governance, team identity, and circulating token distribution.