PAID Network

PAID Network is a comprehensive business toolkit that meets all business transaction needs. Traditional legal contract systems require participants to hire legal advisers and use lengthy and complex contracts filled with incomprehensible legal jargon. PAID's smart agreements are simplified business contracts written in an easy-to-understand language, signed on the chain and traded by both parties. 
To support this process, escrow, insurance, dispute arbitration and resolution mechanisms have been developed to handle disputes. Escrow acts as an intermediate store of value that reduces transaction risk between the parties, while insurance allows either party to insure against default on its contract. In the event of a dispute, three arbitrators will be selected at random from the community. The arbitrator gets the right to arbitrate by betting on paid tokens. Chainlink's random number generator is the mechanism for selecting arbitrators. In addition, biometric reputation scoring prevents bad actors from creating new accounts to defraud future business contacts and allows other business contacts to view other people's transaction histories and feedback. 
 In addition to the above features, PAID also utilizes DeFi tools such as borrowings, loans, and insurance pools. Fee-paying holders can deposit tokens into a liquidity pool for loans and insurance, as well as apply for loans for their businesses, which are vetted by applicants through a reputation scoring system. Finally, PAID also uses the DAICO model to organize and collect investments for new projects. New blockchain projects are monitored and measured against their project roadmap and are accountable to investors, which is not seen in traditional ICOs. If a project falls far short of what was promised to investors, those investors can get a refund from their respective companies. This risk mitigation strategy reduces overall risk for investors and forces new projects to be better prepared.

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By applying to become an order recipient and binding the trading API, you agree to the following disclaimer:

1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

I have read, understood, and agreed to all the terms of the above disclaimer.

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