PAID Network

2020-10-01

PAID Network launches; PAID token introduced as governance and utility token for a DeFi legal-contract and launchpad protocol founded by Kyle Chasse via Master Ventures.

2021-01-01

The @WARONRUGS Twitter account publicly warns that PAID's deployer address retains the ability to mint unlimited PAID tokens without multisignature controls, identifying the exact vulnerability later exploited.

2021-02-18

PAID token reaches its all-time high of approximately $6.38 USD.

2021-03-05

At approximately 18:07 UTC, the PAID smart contract is exploited. The attacker mints 59,471,745.571 PAID tokens using a compromised (or insider-controlled) deployer private key. 2,501,203 tokens are sold on Uniswap for ~2,040 ETH (~$3M). The PAID token price drops 85-92%. The team pulls Uniswap liquidity approximately 40 minutes after the attack is detected.

2021-03-07

PAID Network publishes its attack postmortem, attributing the exploit to an accidentally compromised private key and denying insider involvement. The team announces a token relaunch (v2) based on a pre-exploit holdings snapshot.

2021-03-08

Gate.io announces a separate compensation program for its users affected by the PAID Network hack.

2021-04-01

PAID Network launches its Ignition IDO launchpad. AIOZ Network is among the first projects to hold an IDO on the platform.

2021-05-01

PAID Network migrates to v2 token contracts with multisignature governance controls implemented. Multiple additional IDO projects launch on Ignition through mid-2021.

2024-01-01

PAID token trades at approximately $0.37, down dramatically from its 2021 all-time high.

2025-01-01

PAID token trades at approximately $0.093, a further ~75% decline from January 2024 levels.

2026-01-01

PAID token trades at approximately $0.00008–$0.00023 USD with negligible market capitalization (~$54,000) and minimal daily trading volume, representing a decline of over 99.99% from its all-time high.