|All Time High:|
|Market Cap: |
|The price of #PAID today is $0.019 USD.|
The lowest PAID price for this period was $0, the highest was $0.019, and the exact current price of one PAID crypto coin is $0.01928.
The all-time high PAID coin price was $6.23.
Use our custom price calculator to see the hypothetical price of PAID with market cap of ETH or other crypto coins.
|The code for PAID Network crypto currency is #PAID. |
PAID Network is 1.7 years old.
|The current market capitalization for PAID Network is $3,148,714.|
PAID Network is ranking downwards to #1228, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #PAID.|
Today's 24-hour trading volume across all exchanges for PAID Network is $14,314.
|The circulating supply of PAID is 163,294,959 coins, which is 27% of the maximum coin supply.|
PAID Academy x Hacken : Security Course
PAID Academy x Hacken : Security Course - Last November, we announced our partnership with Hacken, our blockchain security experts and pledged to do our part to help make the blockchain space more secure and accessible for both users and developers alike. As a security consulting firm, Hacken provides both new and established blockchain projects with a range of services designed to minimize attack surface, improve resilience, and boost user trust. These include blockchain, smart contract, and DApp audits, as well as a powerful bug bounty solution. One of the most renowned security consultants in the blockchain space, Hacken has proven instrumental in helping some of the industry’s biggest players identify and defend against exploits. In 2021 alone, the firm audited more than 300 different projects, formed partnerships with over 70 ecosystem products, and established the first-of-its-kind whitehat blockchain security community known as Hacken Scout. Now, we are working alongside Hacken to help improve grassroots awareness in the blockchain industry, helping to make it a safer, more accessible place for all participants. This will expand on this point and provide a comprehensive security resource for participants in this burgeoning landscape. — The Importance of Security - In 2021 alone, hackers stole more than $1.3 billion from DeFi protocols. According to Chainalysis’ 2022 crypto crime report, a staggering $14 billion was stolen from users in total — including $7.8 billion stolen from scams and $2.8 billion stolen through rug pulls. As an industry that is still largely unregulated, cryptocurrency firms generally have little to no regulatory oversight and are not covered by government-backed deposit insurance schemes. Because of this, the onus is on the users to do their own due diligence and take protective measures to keep their funds safe. Practically, this means avoiding insecure platforms and taking steps to mitigate residual risks when using secure services. Since most losses are entirely avoidable, pragmatic cryptocurrency holders are rarely caught up in hacks — whereas most losses are instead suffered by inexperienced or uninformed cryptocurrency users. Fortunately, with a bit of research and due diligence, it is possible to practically eliminate the risk of being caught up in a hack or theft. And with just a couple of simple steps, you can dramatically increase the security of your funds. — Control your private keys. — There is a popular saying in the cryptocurrency industry — “not your keys, not your coins”. This refers to control of the private keys, which can be used to authorize and spend assets held in the associated account. The vast majority of cryptocurrency service providers do not allow their users to control their private keys. Instead, users are required to deposit to addresses that are owned and controlled by the company. As a result, if the company gets hacked or its website goes down for any reason, users cannot access their funds. Indeed, looking at the terms of service for the recently bankrupted Celsius platform, the platform was free to “use, sell, pledge, and rehypothecate” customer deposits as it sees fit. Likewise, deposits in the Asia-focused cryptocurrency exchange Zipmex were left unable to withdraw their assets after the platform froze withdrawals. This problem can be easily avoided in future by only using platforms that allow you to retain full custody of your assets, and then storing these assets on an air-gapped cold storage wallet to further reduce the attack surface. — Understand the risks. — The cryptocurrency industry is a space of extremes — though there are a huge array of incredible opportunities available, there is always a risk of hacks or thefts. Because of this, it’s important to gauge the security of any platform you use before depositing any funds (in the case of centralized platforms) or authorizing any transfers (in the case of DApps). The reputation, history, and purpose of the platform should be thoroughly assessed, and adequate precautions taken to minimize the risk of loss. This might include using all available security options (e.g. two-factor authentication, IP address whitelisting, enabling alerts, etc), as well as performing a test transaction. By getting into the habit of reading audit reports and genuine testimonials, you’ll be able to spot insecure platforms from a mile away, helping you better protect your funds. This is where Hacken and PAID Academy come in, through our continued partnership we will now be able to provide our community with the tools to understand risks, take more ownership of assets, and keep safe from most of the threats in the seemingly wild west that is web3. — The Current State of Security With Hacken - In 2017, Hacken was created to bring trust, ethics, and transparency to the crypto space as before that, it resembled the Wild West. The industry not only survived but also grew immensely. Traditional Web2 enterprises from banking and finance to energy and healthcare are beginning to adopt distributed ledger technology. More assets in Web3 means more funds lost to hacks, exploits, and scams — which is something nobody wants. That’s why the protection of people’s assets has become the priority and security education is a major part of the effort. After all, users equipped with cybersecurity essentials are no longer easy targets for hackers and scammers. Our security fundamentals course gives a whole-picture perspective on blockchain technology. Before diving into the best practices in cybersecurity, Hacken explains how and why projects have particular security implementations. You will look at systems from an attacker’s point of view, helping you avoid and mitigate weaknesses before it’s too late.“The rapid growth of the blockchain and Web3 ecosystems has led to somewhat lax security among many participants — on both the developer and user side. Hacken acts as a crucial safety net used to identify and buffer against risks, but we cannot cover everything. For this reason, education can be a useful tool to empower users to maximize their own security.” Dyma Budorin, Hacken CEO. It already seems that Web3 is everywhere. With thousands of cryptocurrencies, the blockchain offers countless opportunities to earn money through a myriad of trading and staking options. The opportunities are truly limitless, but the risks are high. You have reasonable expectations that your money will be safe, but even projects worth billions can fall to nothing after flash loan attacks or exploits. In this environment, the most practical value of this course is learning how to secure your personal funds. Next, you will gain solid knowledge from the best instructors. You do not need a college degree for professional growth in crypto, but you do need knowledge. With enough skill, experience, and expertise, you can build the most rewarding career as a cybersecurity specialist. Web3 offers a huge array of opportunities for financial and professional growth, but sustainable gains are impossible without the best security practices. This is what we will arm you with in the course. — Upgrade Your Security - Unfortunately, many new cryptocurrency holders and users are not adequately informed about the unique risks associated with cryptocurrencies, nor do they have a firm grasp of how to properly keep their assets secure in the face of a changing digital landscape. To help address this, we’ve worked hand-in-hand with Hacken to provide an in-depth security resource that caters to both novice and experienced cryptocurrency users — including builders, traders, investors, and general enthusiasts.“Security is paramount to the sustainability and growth of the blockchain and cryptocurrency sectors. For the applications that leverage these technologies to truly disrupt traditional financial incumbents, users need to be confident in the integrity and security of their assets. Practically, this means hardening decentralized services against attacks and improving awareness about cybersecurity hygiene.” — Kyle Chassé, PAID Network Co-Founder and CEO. With PAID Academy’s security course with Hacken, you can seize the unique opportunities that cryptocurrencies can bring without falling victim to hacks. Protect yourself and grow your knowledge visit PAID Academy! — About Hacken. — Hacken is a cybersecurity auditor born in 2017 with a vision of transforming Web3 into a more ethical place. With 5+ years of experience, hundreds of blockchain partners, and thousands of secured crypto projects, Hacken protects technological businesses and crypto communities worldwide with the most competitive suite of professional cybersecurity services. Hacken in figures: 1,070+ clients, including THORSTARTER, ConstitutionDAO, XTblock, Paribus, to name a few, 180+ partners including Avalanche, Polkastarter, CoinMarketCap, Weld Money, CoinGecko, Solana Foundation, Simplex, to name a few, 23/50 top crypto exchanges are Hacken clients, $10B in users’ assets saved from being stolen by hackers, Strategic goal: get a 20% share in the Web 3.0 cybersecurity market by 2024. Twitter: @HackenClub Discord: Hacken Telegram: Hacken Club — About PAID Academy. — PAID Academy is PAID Network’s one stop guide to all things blockchain and crypto. It is an expert-driven collaborative knowledge base between PAID Network, its ecosystem and institutional partners. The aim is to build up a knowledgeable PAID Community and an ecosystem that is confident in making informed industry decisions. PAID Academy provides the building-blocks needed for a future that is built around blockchain, Web3, and the metaverse. Its straightforward, easy-to-understand format is intended to accelerate understanding and discovery, in order to facilitate technological innovation, as well as the adoption and acceptance of blockchain technology globally. PAID Academy is shaping today’s learners to become tomorrow’s innovators. — About PAID Network. — PAID Network is a suite of products which operate on Ethereum and Polkadot ecosystems. The network helps propel your project to success through its community and business network. Debut your projects with PAID Network launchpads, make backend operations a breeze with the PAID Markets, or make your applications future-proof with an interoperable layer-1 solution. PAID Network is building the future by providing the infrastructure for the mass adoption of decentralized technology — a future reality where communities and economies are formed by games, enterprises and companies building interconnected applications and worlds. PAID Network imagines a world that is fair, accessible, and where everyone can #getPAID. To learn more about PAID Network, follow us on: Website: PAIDNetwork.com, Telegram: @PAIDNetwork, Twitter: @PAID_Network, Medium: @PAIDNetwork,
Ignition 2.0 — Update 1
Ignition 2.0 — Update 1 - PAID Community, we have some big news for you all! Our Ignition launchpad is getting a facelift, and we’re making some amazing changes to the look, feel, and usability of our product. Ignition operates as a decentralized swapping protocol that allows blockchain-based token projects to offer private and public auctions to participants, that is currently leveraging the power of Ethereum, Binance Smart Chain and smart contracts. We have launched over 100 amazing projects in the past and are dead set on launching many more in the future. Our new UI/UX will rest at the forefront of all your interactions with the Ignition ecosystem, and we will be giving you more updates in the coming weeks about what you can expect. But let’s tell you a bit more about it now without giving it all away. This first update will feature a great new look, in line with the new direction of the brand. Our new UI/UX won’t only improve your experience on Ignition; it will host a number of additional features to enhance the way you utilize our launchpad. This will all be achieved through a series of updates that will create a more user-friendly and intuitive experience. We’re making things easier for you so you can focus on capitalizing on amazing opportunities with ease. Ramsees Mechan, PAID Network Creative Director, says: “We are very excited about this update and everything it will bring to the Ignition launchpad. We have all worked hard to re-create a platform that will give a great experience for our existing users and newcomers alike, to provide you with a feature-packed infrastructure designed for fast and easy transactions while ensuring safety and security for all. We are confident that this will be a huge milestone for PAID Network and the entire blockchain and DeFi space and are excited to share more news about future updates and features very soon”. As the brainchild of Master Ventures and PAID Network, Ignition was born out of the vision of making Tier-1 blockchain ideas and projects grow with no limits and be accessible to everyone. Our new UI/UX will allow Ignition to excel at this fundamental aim while at the same time streamlining countless opportunities for our community members. This is an exciting time for us! To stay up to date with all of our future announcements and all information concerning updates on Ignition, follow us on social media and join our community channel on Telegram. About Ignition IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform leverages Ethereum, Binance Smart Chain (BSC), and soon Polkadot and smart contracts. Ignition is different from other auction platforms in that it properly vets and selects only top-tier, cutting-edge projects. Its strategically crafted incentivization mechanism for participants of published projects will encourage HODLing and support both the project founders and the community. It isn’t just a trading platform. It FUELs projects and takes fundraising to the next level. Ignition brings quality projects, fixed swaps, and equitable lottery participation to everyone. For any questions, please feel free to reach out to us on: Website: https://paidnetwork.com/ Telegram: https://t.me/paidnetwork Twitter: https://twitter.com/paid_network Medium: https://medium.com/@Paidnetwork Ignition 2.0 — Update 1 was originally published in PAID Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Why it’s important to always be fresh in today’s environment
It’s hard work to stay relevant in today’s fast-paced, constantly-connected world. And that’s especially true in the rapidly evolving industry of blockchain, where brands need to be prepared to adapt their strategies on an ongoing basis to stay ahead of the curve and remain fresh. At PAID Network, we are all about Growth, Promise, and Passion, and in order to deliver these core values consistently to our global community, we recently refreshed our website and logo to align it with our vision and the direction our ecosystem is going. For more info on the ideas behind our rebranding, click here. So why did we do it? Innovation and adaptation are key to staying relevant in today’s digital age. Your brand sets you apart from your competition and tells customers who you are, what you stand for, and why they should choose you over anyone else. So if your brand identity starts to feel unrepresentative of your future direction, it might be time for a refresh! Keeping your image and communications fresh and exciting is important to any industry and does not only apply to blockchain projects. It’s always useful to take a step back every few years and ask yourself the question, does my brand represent where my company is going? If it’s a question that is hard to answer, it may be worth re-evaluating your design, language, or identity in order to make them more consistent with your values. Stay fresh and on top of everyone’s mind. In our recent brand refresh, we’re presenting a new PAID Network. An image that enhances our position and presence in the blockchain space and allows us to draw more emphasis on all of the possibilities that can be realized if these cutting-edge technologies are properly utilized and applied. Our new identity is fresh, and versatile. We’ve created a brand that opens up limitless possibilities for what lies ahead and one that is more inclusive of our global ecosystem and values. Our new branding allows us to operate more comfortably as a multifaceted blockchain company, one that has plenty of surprises lined up for you all, with more amazing offerings and updates on our launchpads, dApp, and ecosystem. It’s never a boring day in our ecosystem and with so much more to come in 2022 and beyond, we invite you to strap in and join us for the ride. For more info about what we have in store, watch this space and follow our social media channels. About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID also provides businesses with their very own launchpads, Ignition and Apollo-X, to maximize their potential. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
Transacting Safely on Web 3.0
One of the major merits of Web 3.0 is the added benefit of ownership, this means being able to own, track, and trade assets created on the blockchain. This could be digital art, a tweet, in-game items, crypto coins and many more. The way people interact with decentralized applications (dApps) built on a blockchain like Ethereum or Solana is through a crypto wallet. People that often transact on Web 3.0 generally have a few rules of thumb that they follow to stay safe when frequenting the many spots in the crypto space. Web 3.0 has slowly moved into the mainstream with millions of users now transacting on the decentralised web. Crypto and blockchain adoption has seen a gigantic increase in the last few years, with the total transaction volume increasing over 500% in 2021 alone. This means that there is a massive increase in new users and money flowing in and out of crypto every year. Unfortunately, this also means that there are additional malicious actors that wish to profit from new entrants to the space. Since users now have the benefit of owning and managing all their digital assets on their own, the responsibility of its security also now rests in their hands.How can I become less vulnerable to malware with my wallets, personal data, and when generally transacting on Web 3.0? First and foremost, is the reliability and security of all the applications used to interact with dApps and the crypto space in general. Make sure the service provider is a trusted entity in the crypto industry and that their services contain all the essential and added security features. It might not always be possible, but if so, try and keep all crypto-related activity to one device. Having a dedicated crypto device can greatly reduce the odds of exposing yourself to malicious actors. Users that browse the web and access unsafe websites might unknowingly download malware that can compromise the security of their wallets and devices. Keeping a good anti-virus online and up to date, as well as a VPN can help reduce vulnerabilities on the user’s side, keeping their crypto and personal information safe. When using your crypto wallet avoid public WiFi unless you have a VPN. Users that keep all activity on one device should take extra measures to ensure they don’t expose themselves to these kinds of attacks. There are various types of malware that target crypto wallets and the assets contained inside. Users that want to connect to dApps should ensure they are always using official pages that are “https” secure. Users should also be aware of phishing attacks that try to steal personal information. These can be in the form of links to “official” websites and support emails where information can be harvested when an unsuspecting user tries to sign in. Users should familiarise themselves with the different kinds of phishing attacks and their tell-tale signs. Some service providers allow users to enable an anti-phishing phrase that’s sent with emails to let users know the email has an official origin.Security solutions for wallet protection Since security mainly lies in the hands of the user, one of the other things a user can do is secure their wallet by creating a strong and complex password (private-key) or use a trusted password manager. The most common way attackers get to crypto is by getting their hands on the private keys of a user’s wallet. Wallet applications have additional security measures that users can enable to make getting into a wallet much more difficult; like biometrics and 2-factor-authentication (2FA)/multi-factor authentication (MFA). Some users have also recommended keeping multiple wallets so as to not keep all your eggs in one basket. One wallet is used for assets that want to be kept liquid and another (or multiple others) to keep the crypto safe you wish to HODL. Cold wallets/hardware wallets are usually a good solution to crypto that you don’t want to touch and can keep offline, far away from the hands of hackers. When looking at users that hold crypto on an exchange, these services also usually have MFA, but they have additional security measures to keep crypto safe. These measures may be set to only allow transactions to whitelisted addresses or new addresses can only be transacted after a specified amount of hours. Before connecting a wallet, downloading any files, or making any transactions one should make sure — as far as possible — the project you want to transact with is legitimate. A few simple checks can help users to sniff out a possible scam. A good place to start is to see if the project has a Twitter account, are the team members anonymous, and has anyone said anything about the project on Google or Reddit? Projects that have an audit certificate from a reputable audit company can also be a good indication if the project is a possible scam or not. Education about the technology and the latest threats is paramount to continued safety. Threats in the crypto space are ever-evolving and so are the ways people can protect themselves. It’s highly recommended that users stay up to date with new threats and how they can protect against them. New users shouldn’t be overwhelmed or discouraged as there are millions of users that transact safely every day. This article has been provided by Hacken as part of the security campaign for the PAID Network community. About Hacken Hacken is a fully-fledged cybersecurity ecosystem founded in August 2017 by cybersecurity experts, Big Four professionals, and white hat hackers. Hacken provides B2C, B2B, and B2G cybersecurity services to clients belonging to the blockchain, DeFi, and NFT ecosystems from Europe, Asia, and North America. Hacken in figures: >800 clients, including THORSTARTER, ConstitutionDAO, XTblock, Paribus, to name a few >80 partners including Avalanche, Polkastarter, CoinMarketCap, Weld Money, CoinGecko, Solana Foundation, Simplex, to name a few 23/50 top crypto exchanges are Hacken clients >$10B in users’ assets saved from being stolen by hackers Strategic goal: get a 20% share in the Web 3.0 cybersecurity market by 2024. Discord: Hacken Telegram: @HackenClub Twitter: @HackenClub About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID also provides businesses with their very own launchpads, Ignition and Apollo-X, to maximize their potential. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
Growth, Promise, and Passion — The core themes behind our rebranding
Growth, Promise, and Passion — The core themes behind our rebranding PAID Community, our new website and logo are live, and we are excited to share them with you. That’s right; we recently gave our brand a refresh to enhance our image and merge it further with our core values and the personality of our global community and ecosystem. We have always believed in delivering the best products and services, while developing a community of loyal blockchain minds and enthusiasts since our inception. PAID’s vision is all about blockchain, integration, and synergy, and these are the core values that drive us daily to explore new technologies and systems, work alongside them and bring them into our ecosystem for you all to experience and enjoy. This is just another step forward for PAID Network as we innovate grow, and solidify our identity in the space of blockchain technology. With that in mind, we believe our new branding represents our ethos more accurately, PAID network as a network of endless possibilities. The new logo focuses on PAID as a globally integrated blockchain focussed ecosystem. The design of the old logo concentrated on “tokenomics,” where it resembled the global currency such as the USD. The new PAID is fully focused on integration and synergy depicted by “interlocking chains,” which represents the power of blockchain systems and the future of such technologies. For the color scheme of our new look, we have chosen prominent colors from the blockchain space resonating with our hope for the different life-changing technology that can emerge from the industry. We’ve chosen three dominant colors for our new logo, pink, blue and aqua.Pink on the lower part of the dot represents Polkadot, the base layer on which PAID Network’s technology grows. Pink also symbolizes euphoric creation, and our willingness to embrace wonder and creativity. It is energy, it is power, it is electric.Blue in the middle of the dot, represents trust, freedom, and stability built right into the centre of our technology, ecosystem, and network. It is the bridge between the creative wonder and electric energy of pink and the hopeful future that Aqua brings.Aqua on the highest part of the dot and closest to PAID is the future. Aqua is refreshing and uplifting. The color symbolizes a wonderful transition, just like how the world is transitioning into a new way of life today. PAID is moving into the future with hope for a better world for all. As a brand that is at the forefront of some of the most groundbreaking developments within the global blockchain industry, an industry that is constantly evolving, having a dynamic and adaptable brand, one based on strong themes is something we value with great importance at PAID Network. Within our recent rebranding, we have set out to create a new image that outlines the future of our company and our mentality. Therefore, we have based it on three themes: Adaptation and Growth — The only thing that is constant in this world is change, and in order for anything to survive, one must adapt. When we feel it’s necessary, we will adapt to the needs of society so that we pioneer our own innovative path that will empower not only the growth of our company but also our community. Since we began, every part of PAID Network has grown and changed. Therefore, our brand must mirror that. Where we innovate, we grow. Promise — Our promise is to deliver the best products, projects, and services to all those who are part of our global ecosystem. Our initial promise was that the technology we provide would change the lives of our audiences for the better. The launchpads we have created are there to streamline some of the most impressive and sought-after projects in the blockchain space to our community of enthusiasts. Moreover, our DApp promises that everyone who uses it for business agreements securely, efficiently, and fairly #getPAID. We have laid down our plans for our layer one protocol, and it’s so exciting because we can’t wait to see it take shape and share it with everyone. Passion — Life is all about passion, and we feel our new branding represents this theme well. If we don’t have passion, we won’t change for the better. PAID started off as a passion project, and since it began, it has grown to be a legendary addition to the blockchain domain. We deliver what we say, and we are always looking to expose new, life-changing, and accessible technologies with a strong passion, so we needed to develop an image that would allow us to express our passion and grow to reach new heights in the future. We are very excited to introduce you to the new PAID Network, and we hope you like it as much as we do. With our new design, we will streamline our presence in the blockchain space that is infinite in scope and not focussed on any one element but on a collection of all the possibilities that can be achieved if these groundbreaking technologies are leveraged and applied. Our new brand, we feel, opens the door for a much broader scope for our future activities and we are bringing them all together to feel at home under our new image. About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID also provides businesses with their very own launchpads, Ignition and Apollo-X, to maximize their potential. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
AirDrops and giveaways: what can be the true cost of these gifts?
If you’ve ever been an active member of a crypto community and wanted to participate in a project in its early stages, you’ve certainly received an airdrop at some point. Projects that are busy getting off the ground will send out free tokens to members of their communities, usually as part of a marketing initiative to spread their tokens and awareness of the project. New projects will generally host airdrops and giveaways to increase the participation of those that are interested in it. This method ensures that tokens are dropped straight into the wallets of thousands of participants so that the users can utilize them for whatever purpose the platform has intended. Tokens can be dropped into wallets for various reasons:Participants complete tasks — like following a social media page or resharing an event etc. — to qualify for the airdrop at a specified date.Users that meet certain requirements — like holding an NFT, having a certain balance in their wallet, or holding a specific coin — can receive their airdrop.Participants can claim their tokens from a smart contract based on a snapshot of the blockchain at a previous date. There are some risks associated with airdrops and the chance of a fake airdrop is always a reality. Sometimes fake airdrops are promoted to gain a user base for a totally different project. It’s important to make sure that when registering that it is an official page and that the project isn’t a front to steal personally identifiable information. Malicious airdrops usually have some tell-tale signs that can be used to avoid them. For example, a participant will never be asked to pay to participate in an airdrop or share their private key and identity information. Not every project airdropping tokens in your wallet address is a trustworthy entity. A few of these projects are likely to be a scam or front and may fail in actually performing an advertised service. These are usually hosted by crypto scammers who are just standing in line to make a profit. — Are the random drops into my wallet dangerous?. — Airdrops are generally quite safe and users need to register in some shape or form to participate. However, unwarranted airdrops might end up posing as a trojan horse for malicious scammers to access a wallet and steal the crypto contained within. When users find randomly dropped coins in a wallet they did not sign up for they should be cautious. Recently there has been an increase in fake airdrops, and as a rule, users should not interact or swap coins they did not sign up for. In some cases, scammers will airdrop tokens and contact the receiver in order to obtain some personal information before tokens can be swapped. This is most likely a scam and is far outside the bounds of standard practice. It’s also advisable to never visit the website of a possible scam coin, these websites can be filled with malware and viruses that can target a crypto wallet. Make sure to do your own research (DYOR) before going to private sites that could compromise the safety of a wallet. Recently, many fans of the leading NFT collection — Bored Ape Yacht Club (BAYC) — were scammed by fake airdrops. — Can fake dropped tokens be used to steal from me?. — The most dangerous situation with an unknown drop is the opportunity an attacker gets when using the token approve function exploit. This can happen when a dropped coin arrives in a user’s wallet and they rush to an automated market maker (AMM) to sell it. To do it, approval is required for the dApp (decentralized application) to access the token to sell it. By clicking approve, authorisation is given to the dApp and can allow scammers to withdraw funds from the wallet if they gain full access. Similarly, dusting attacks have gained in popularity as well. This is where scammers send tiny amounts of coins to several wallets. The hackers then wait for users to interact with the tokens by either selling or swapping them. Once that is done hackers can conduct an analysis of all the addresses that interacted with the tokens and attempt to identify the owners of those addresses to extort them. — Can these tokens be removed from my wallet?. — Users who have received unwanted or ‘random’ coins in their wallets should not interact with them in any way. This means no swapping, spending, or transferring them, just leaving them there will be the safest option, as a user’s token balance is just a number associated with an address at a contract it’s not possible to remove it; since it’s never really ‘in’ your wallet. Seeing these coins on a constant basis could become irritating, luckily most wallets have a function to hide them. Most conventional wallets like MetaMask or Trustwallet have an option to delist tokens. Another possible solution, especially if an account is plagued with a scam coin — is to create a new wallet and send the safe coins to that one to ensure their safety and that of your wallet. Airdrops have become a very popular method for new projects to disseminate their coins and get new users to participate in their ecosystems. Unfortunately, this has become a method for scammers to con users that are unaware of the risks. In the nascent crypto space being aware of risks and DYOR is essential to keep your crypto safe. This article has been provided by Hacken as part of the security campaign for the PAID Network community. About Hacken Hacken is a fully-fledged cybersecurity ecosystem founded in August 2017 by cybersecurity experts, Big Four professionals, and white hat hackers. Hacken provides B2C, B2B, and B2G cybersecurity services to clients belonging to the blockchain, DeFi, and NFT ecosystems from Europe, Asia, and North America. Hacken in figures: >800 clients, including THORSTARTER, ConstitutionDAO, XTblock, Paribus, to name a few >80 partners including Avalanche, Polkastarter, CoinMarketCap, Weld Money, CoinGecko, Solana Foundation, Simplex, to name a few 23/50 top crypto exchanges are Hacken clients >$10B in users’ assets saved from being stolen by hackers Strategic goal: get a 20% share in the Web 3.0 cybersecurity market by 2024. Discord: Hacken Telegram: @HackenClub Twitter: @HackenClub About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
Protection Against Data Tampering
For a long time, data tampering was limited to simple attacks such as data corruption which is immediately noticed, or “cooking the books” to disguise embezzlement or any other financial irregularities. As technology developed, so too has the scope of data tampering. As of late, data tampering is being done with far more serious intent, such as redirecting shipments at sea or capturing sensitive information, for example. The crux of the matter is that data tampering is becoming much easier and more sophisticated as cybercriminals now gain access to artificial intelligence, automated and orchestrated data-tampering attacks. The meteoric increase in data stored in databases, and user demand to access it makes the potential for unauthorized modifications increasingly frequent. As such, more and more financial transactions occur online and the incentive to perform data tampering rises in parallel. Data tampering is not only a threat to businesses, but also life and property. Due to the potentially catastrophic consequences data tampering may have, organisations must take steps to prevent the possibility of such attacks and ensure they have plans in place to mitigate the effects of an attack, should it occur. There are several ways in which data can be protected. One is through enforcing encryption for data-at-rest and data-in-transit. Data, whether at rest or in transit, leaves organisations vulnerable to data tampering and other cyber-attacks. One of the most efficient ways of protecting against data tampering is data-at-rest and data-in-transit encryption. Encryption is simply the process of translating data from one form into another so that unauthorised users cannot decrypt it. Copy-on-Write systems (COW) Copy-on-Write systems often referred to as COW, is a concept used to maintain instant snapshots on data servers and can help protect against data tampering. In these systems, each time a database is modified, delta snapshots are taken. Security teams can detect tampering by monitoring snapshots and checking for unexpected file system snapshots. Due to the occurrence of data tampering, many database applications and operating systems come with a built-in snapshot feature which makes it easier for enterprises to integrate COW or any other similar technology and stay updated about database modifications. Hand-based Message Authentication Code (HMAC) Data integration using HMACs is another method of protection. The hand-based message authentication code (HMAC) is a type of message authentication code (MAC) that consists of a cryptographic hash function and a secret cryptographic key. Essentially, an HMAC is a way of signing a message or file so that if the data is tampered with, it is easily recognisable and allows an individual to know that data has been tampered with and not to trust it. File Integration Monitoring File integration monitoring is a powerful security technique to secure business data and IT infrastructure against known and unknown threats. FIM is the process of monitoring files to check if any changes have been made. FIM helps with data tampering by assessing system files and generates a cryptographic checksum as a baseline. Then, the FMI repeatedly recalculates the checksum of the same resources and compares it to the baseline, and if it detects changes, it generates a security code. Write Once Read Many (WORM) Systems. These systems refer to the storage of technology where data, once written, cannot be overwritten or modified. This technique has long been used for archival purposes of large enterprises and government agencies. WORM systems offer a long-term storage strategy that ensures users cannot accidentally or intentionally erase or modify data. This technology provided virtual protection against the erasure of data. Authentication, Authorisation and Accounting (AAA) To detect data tampering, organisations can use AAA and other similar technologies such as two-factor authentication. By using an internally generated-time based code users can prevent replay attacks. While heavy encryption and authentication can be used to prevent attackers from understanding how communications and storage work, using a combination of COW, authentication, time-based codes, encryption and other technologies, organisations can make it much more difficult for a casual attacker to tamper with what they are not authorised to. When looking at blockchain as a solution to data tampering many of the above solutions have been compressed into one technology. The blockchain allows any participant to audit the chain and transactions to see if anyone has been cheated and allows for greater transparency — this solves the double-spending problem. With the decentralized ledgers used to store and verify data across all nodes, data tampering becomes very difficult because it’s easily detectable. Corrupt or false information inputted into the system will quickly be detected since it doesn’t match the data on the rest of the ledgers. Data stored on these ledgers are immutable and cannot be changed or removed unless a consensus is reached with the majority of miners. The inclusion of miners into a system ensures that there is no central authority responsible for the data and its verification. By relying on a distributed network to verify and process transactions there is no central point of failure, meaning that a hacker can’t just take down a server and corrupt the data. Many of the Dapps used to access crypto services have more than 2 layers of authentication which protect users and their funds from hackers. Data tampering is a malicious activity that can be very costly to any organisation or entity, therefore it’s of the utmost importance to include preventative measures. This article has been provided by Hacken as part of the security campaign for the PAID Network community. About Hacken Hacken is a fully-fledged cybersecurity ecosystem founded in August 2017 by cybersecurity experts, Big Four professionals, and white hat hackers. Hacken provides B2C, B2B, and B2G cybersecurity services to clients belonging to the blockchain, DeFi, and NFT ecosystems from Europe, Asia, and North America. Hacken in figures: >800 clients, including THORSTARTER, ConstitutionDAO, XTblock, Paribus, to name a few >80 partners including Avalanche, Polkastarter, CoinMarketCap, Weld Money, CoinGecko, Solana Foundation, Simplex, to name a few 23/50 top crypto exchanges are Hacken clients >$10B in users’ assets saved from being stolen by hackers Strategic goal: get a 20% share in the Web 3.0 cybersecurity market by 2024. Discord: Hacken Telegram: @HackenClub Twitter: @HackenClub About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
PAID Website and Logo Refresh
PAID Community, we are excited to announce that we are giving our brand a refresh by rolling out a new website and logo design that will provide PAID Network with a sleek new look, one more in line with the values and personality of our ecosystem. At PAID Network, we are true believers in the benefits of change and are not afraid to mix things up in ways that will only improve the engagement and enthusiasm behind our ecosystem and all of the products and services we offer. As you may be aware, we have been active under our current branding for quite some time now and feel like a change is needed to make it more representative of our activities and the community that drives us forward. With that in mind, our new website and logo brings together our main values that include security, integration, blockchain, and synergy into a modern and innovative visual representation aimed at uniting our ecosystem and global community along with our activities. Get ready for some amazing opportunities and offerings within the PAID Network ecosystem in weeks and months to come with this exciting new update. About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
How to buy NFT’s without any risks?
Blockchain and crypto technology is notoriously unforgiving for users who don’t know how to work it. This is doubly true if they also aren’t aware of the different risks in the space posed by hackers, scammers, and other malicious events. The novelty and complexity of NFTs are some of the main reasons why individuals open themselves up to the various risks posed by the nascent crypto-based technology. Individuals should remember that there are also outside threats that increase the risk of buying, selling, and owning NFTs. This guide aims to help to minimize the risks by informing users what they could potentially be faced with when dealing with NFTs. Simply put, non-fungible tokens (NFTs) are digital certificates of ownership that cannot be copied because of their cryptographic signature — even if they appear to look similar. They cannot be traded one for one or tokenized due to the ERC-721 cryptographic standard they are built on. NFTs gained popularity by becoming non-fungible art pieces and avatar icons — some of which are priced in the millions — and have since exploded in pop culture and trading volume. Any type of data can be stored as an NFT, they can be associated with images, videos, audio, physical objects, memberships, and countless other use cases. NFTs typically give the holder ownership over the data or media the token is associated with, and are commonly bought and sold on a specialized marketplace. The rights to the item are stored on the blockchain but the data or file is most hosted somewhere else on a server or IPFS. The reason for this is that multimedia files would be too big to store on the blockchain and in most cases, multimedia items are larger than all the transaction data stored on a block.The usual process to buy an NFT Buying an NFT is easy:Set up a cryptocurrency walletPurchase cryptocurrencyChoose an NFT marketplaceCreate an account on thereLink wallet to the marketplaceBrowse the available NFTsPurchase or bid on NFTComplete transaction The risks come in navigating the buying process of the NFT and vetting collections to prevent poor investments.Is it possible for NFT to act as a virus/malware? Since an NFT is only an address to a location on the web or IPFS where the actual item is stored, just buying and owning an NFT won’t be able to give you a virus or expose a user to malware. Legitimate marketplaces have vetting processes that don’t allow a circumstance to occur even if it could. The most likely case is that a user connects their wallet to a phishing scam posing as an official NFT marketplace and gets their wallet private key compromised. Another similar scenario is a website posing as an NFT marketplace where a new user could be sold a virus disguised as an NFT or some sort of scam.External risks Avid investors in the space stay safe by following the best practices for investing in NFTs ie. vetting a project, understanding how marketplaces work, understanding how to realistically value an NFT etc. There are many things to keep in mind when one wants to trade and collect NFTs as safely and securely as possible. According to Chainalysis scams were once again the largest form of cryptocurrency-based crime by transaction volume, with over $7.7 billion worth of cryptocurrency taken from victims worldwide. A rug pull typically involves a new project that markets an NFT collection, spends a lot of time on marketing and gets as many investors as possible. By the time the project is supposed to launch the owners of the projects stop all communication and run off with the investor funds. There are a few telltale signs of a rug pull that investors need to look out for, i.e the project seemingly appeared out of nowhere or the project team stays anonymous. Wash trading is a sneaky trick to artificially increase the value of NFTs in the market to make an NFT look much more valuable than it actually is. This is done by executing a transaction in which the seller is on both sides of the trade in order to paint a misleading picture of an asset’s value and liquidity. This method is mostly used to close sales with unsuspecting buyers who believe the NFT they’re purchasing has been growing in value, sold from one distinct collector to another. Investors should be aware as to not buy an NFT that has an artificially inflated value. Tips to avoid phishing scams and NFT stealing malware:Always check the URL of the site and make sure it says “HTTPS”, which means it is a secure website. Also, always ensure you are using the official site for the project.Do not follow links posted on Discord or Telegram groups from non-official users.Some phishing scams disguise themselves as an official website check spelling and grammar on the website as well as the URLUse a dedicated e-mail account or computer for crypto-related activities to ensure safety from malware and viruses.Do not download or frequent untrusted sites as browser wallets are targeted by malware and viruses.Be on the lookout for fake NFT marketplaces At the end of the day, investors in the NFT space need to be vigilant and follow the best practices to secure their own wallets and ensure they are not caught out by malware or viruses by treading cautiously on official marketplaces.Can a compromised NFT lead to a total wallet hack? If a hacker gets into your wallet your NFT is compromised. To this extent, everything stored in the entire wallet will be compromised. Wallet security and safety is extremely important and it is up to the user to secure their crypto wallet as best they can.How to check NFT is not compromised while purchasing on the secondary market?By design, every NFT is unique by its cryptographic hash; however, the same image could be listed on another blockchain’s marketplace. At a minimum, users should check if the NFT they’re interested in is being sold on other marketplaces. If it is — it’s usually a red flag and the safest bet is to move on because that means the seller is listing multiple copies.Use Google’s reverse image search to see if there are any other variations of the image on the web and possibly gain insight into how long it’s been available.Search the seller’s name and the NFTs name on social media like Twitter and Reddit to determine if anyone has flagged or complained about either. Typically burned buyers have little recourse and turn to social media to blow the whistle on bad actors and projects.Social media is a good tool to gauge the authenticity of a project. Investors looking to buy into a project can check out their socials and those of the team. If the team is anonymous it’s usually a bit of a black flag as they could simply attempt a rug pull.Social media can also be used to try and determine the “backstory” of the image to see if the seller is the actual artist.Follow the classic saying and do-your-own-research (DYOR) Users can also use Twitter’s NFT verification service. It allows users of the platform to upload NFTs for verification and when approved it can be used as a profile image. The Twitter posting feature assures all viewers that the profile image was authenticated by the NFT solution. When potential investors see a seller or creator with the NFT they’re interested in featured as their Twitter profile, that’s a pretty good indicator it’s legitimate. Another NFT authenticity tool comes from Adobe, which launched its content credentials feature last October. It enables collectors to confirm that the wallet used to create an asset was indeed the same one used to mint the NFT asset, indicating if it’s fake or not. Now digital artists can add their social media profiles and wallet addresses to the metadata of an NFT artwork before it’s completed and downloaded from Adobe photoshop, allowing creators to add mechanisms for verification into the asset upon minting. This article has been provided by Hacken as part of the security campaign for the PAID Network community. About Hacken Hacken is a fully-fledged cybersecurity ecosystem founded in August 2017 by cybersecurity experts, Big Four professionals, and white hat hackers. Hacken provides B2C, B2B, and B2G cybersecurity services to clients belonging to the blockchain, DeFi, and NFT ecosystems from Europe, Asia, and North America. Hacken in figures: >800 clients, including THORSTARTER, ConstitutionDAO, XTblock, Paribus, to name a few >80 partners including Avalanche, Polkastarter, CoinMarketCap, Weld Money, CoinGecko, Solana Foundation, Simplex, to name a few 23/50 top crypto exchanges are Hacken clients >$10B in users’ assets saved from being stolen by hackers Strategic goal: get a 20% share in the Web 3.0 cybersecurity market by 2024. Discord: Hacken Telegram: @HackenClub Twitter: @HackenClub About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to seamlessly execute DeFi transactions and business agreements. For any questions for the PAID network, please feel free to reach out to us on:Website: PAIDNetwork.comTelegram: @PaidNetworkTwitter: @PAID_NetworkMedium: @PAIDNetwork
Apollo-X Katılım Kuralları
Apollo-X Katılım Kuralları Değiştirilme tarihi: 10 Mart 2022 Per, 17:57 1. Apollo-X ile IDO’lara katılma süreci, aşağıda belirtilen sırayla gerçekleştirilmesi gereken dört (4) ana aşamadan oluşur: A. Kimlik Doğrulama (KYC): Kimlik doğrulama sürecini tamamlayınız. Kimlik doğrulama süreci çekiliş kazanan kişinin IDO’ya katılmaya uygun olduğunu onaylar ve bölgesel, ülkesel veya proje yönetimi tarafından belirlenen kısıtlamalara uğramamasını sağlar. B. Katman Seçme Ve PAID Token’larını Stake Etme: Katılmak istediğiniz katman için gereken miktarda PAID Token’ı 14 günlük bir süre için stake ediniz. C. Önsatış Token’larını Satın Alma/ Poola Katılma: Poola FCFS First Come First Serve (Önce gelen alır) esasına göre katılınız. D. Alınan Token’ları Cüzdana tazmin etmek: Önsatıştan satın aldığınız token’larınızı, Apollo-X pool kapandıktan sonra, projenin borsalarda listelenme esnasında cüzdanınıza çekip işlem yapabilirsiniz. Projenin listelenme zamanını belirleme sorumluluğu Apollo-X’e değil, tamamen proje ekibinin insiyatifindedir. NOT: Apollo-X IDO’larına katılmak isteyen tüm başvuru sahipleri, şu anda Apollo-X’te aktif olan önsatışlar için yukarıdaki sırayı izlemelidir. Katılmak isteyenler, çekilişe katılmak için tarih ve saatleri gösteren PAID duyurularını incelemelidir. Her projenin kendi içinde farklı KYC gereksinimleri olabilmektedir. PAID duyuruları, katılmak isteyenlerin IDO sürecini tamamlayabilmeleri için gerekli tüm bilgileri içermektedir. Gerekli bilgileri göndermeyen ve kimlik doğrulama sürecini tamamlamayan katılımcılar önsatışlara kesinlikle katılamazlar. Apollo-X’e talep yüksektir ve sadece gerekli doğrulamaları başarıyla tamamlayan katılımcıları kabul edebiliyoruz. 2. Stake Edilen Tokenlar: Apollo-X üzerinde stake yapmak proje bazlıdır yani $PAID token’ları sadece seçtiğiniz projeye katılmak için 14 gün stake edebilirsiniz. Proje başına sadece bir kez stake yapabilirsiniz, seviyenizi değiştirmek için ilave stake yapamazsınız. Apollo-X veya diğer stake platformlarında stake edilen $PAID token’ları, PAID Ignition piyangoları için uygun olmayacak ve Apollo-X üzerinde stake için herhangi bir APY sağlanmayacaktır. Token’larınızı stake ettiğinizde, 14 günlük bir kilitlenme süresi başlayacaktır, bu süre geçtiğinde token’larınızı geri alabilirsiniz. 3. Kimlik Doğrulama (KYC)/ Yasak Ülkeler: Tüm katılımcılar, token’larını stake etmeden önce Kimlik Doğrulama (KYC) sürecini tamamlamalıdır. Yasaklı ülkeler listesindeki herhangi bir ülkeden başvuranlar, Apollo-X IDO’larına katılamazlar. Lütfen unutmayınız, her projenin gereksinimleri, kısıtlamalarına ve yönetmeliklerine bağlı olarak ek yasaklanmış ülkeler içerebilir. Ülkenizin yasaklı ülkeler listesinde bulunmadığından emin olmak için kontrol etmeniz gereklidir. KYC hakkında daha fazla bilgi için KYC SSS bölümümüzü buradan kontrol edebilirsiniz. ****Üçüncü taraf sağlayıcı Synaps’ın KYC hizmetlerini zamanında sağlama konusundaki öngörülemeyen herhangi bir zorluk veya başarısızlığın, PAID veya IDO projelerinin değil, yalnızca Synaps’ın sorumluluğunda olduğunu lütfen unutmayınız. Synaps platformunun kullanımıyla ilgili hatalar veya aksamalar için herhangi bir tazminat teklif edilmeyeceğini bilmelisiniz. Öngörülemeyen sorunların olasılığını en aza indirmek için lütfen KYC doğrulamanızı önceden tamamlayınız. 4. Cüzdan Desteği: PAID Network, başvuru sahiplerinin BNB Zincirinde bir Metamask Cüzdanı veya WalletConnect kullanarak Apollo-X lansmanlarına katılmalarına izin vermektedir. Kullanıcılar, yalnızca stake için kullanılan cüzdan adresini kullanarak Apollo-X platformuna bağlanmalı ve tahsisleri kullanmalıdır. 5. Önsatış Token’larını Satın Alma/ Pool Katılma: Tüm katılımcılar, pool katılmak / önsatış token’larını satın almak için ödeme yapmalıdır, bu süreç hakkında daha fazla bilgi için buraya tıklayınız. Pool katılım FCFS First Come First Serve (Önce gelen alır) esasına göre yapılır, stake etme bir tahsisi garanti etmemektedir. Daha yüksek bir kademede stake yaptıysanız, stake ettiğiniz kademeye veya bundan daha düşük herhangi bir kademeye katılabilirsiniz. Lütfen dikkat, her IDO için yalnızca bir katmana katılabilirsiniz. Belirtilen süre içinde tahsisat için ödeme yapılmazsa veya katılmaya çalışırken poollar dolarsa maalesef IDO’ya katılamazsınız. Şu anda aktif olan ve hemen katilabileceyiniz Apollo X İDO’larımız burda bulabilirsiniz. About Apollo-X Apollo-X is an upcoming IDO launch platform that is the brainchild of PAID Network and Master Ventures. It creates inclusivity diversity and provides growth opportunities by complementing the services of Ignition. While maintaining the same ethos as Ignition, Apollo-X’s requirements allow for a more diverse set of projects to launch, allowing for greater community involvement. By working with a wider selection of projects, Apollo-X plans to help truly decentralize and diversify the IDO launch landscape by giving participation opportunities to both upcoming projects and users of the PAID Network ecosystem. Website: PAIDNetwork.com Telegram: @PaidNetwork Twitter: @PAID_Network Medium: @PAIDNetwork
More PAID Network (#PAID) News
|Someone Paid $60K (36 ETH) in Fees to Mint the First NFT on Ethereum Aft...
The Ethereum network went through its largest upgrade in history, transitioning to a Proof-of-Stake consensus algorithm.
Immediately after that, users are finding clever ways to commemorate the event and to become part of history.
In this particular case, a user spent a whopping 36 ETH worth about $60K at current rates to mint the very first-ever non-fungible tokens on the PoS-based Ethereum network.
This is what the NFT looks like:
Minted at block height 15537394, the image itself represents a panda face and is called 'The Transition.'
There's a certain irony in the fact that someone paid so much to mint an NFT, but it's also important to note that the Merge itself doesn't do much to decrease gas fees on Ethereum's network.
This is one of the most popular misconceptions about the event.
The Merge has changed the overall consensus algorithm and doesn't expand the network capacity - this is why it won't significantly reduce the gas fees.
However, there are multiple scaling solutions that are to be deployed at a later stage to tackle this particular challenge.
The post Someone Paid $60K (36 ETH) in Fees to Mint the First NFT on Ethereum After The Merge appeared first on CryptoPotato.
|A Doctor Paid $60K Worth of BTC to Hitmen to Kidnap His Wife
Ronald Craig Ilg - a 55-year-old former neonatologist from Spokane, Washington - admitted to transferring $60,000 worth of bitcoin to multiple hitmen on the Dark Web whose task was to cause severe injuries to an ex-colleague of his. Apart from that, he ordered the criminals to kidnap his estranged wife and inject her with heroin so she would drop divorce proceedings.
Ilg now faces five to eight years of prison time. The US authorities will announce the exact punishment in November 2022.
The FBI Prevented the Crimes
Despite his profession, Ronald Ilg was willing to cause significant harm to one of his former colleagues. In 2021, he contacted numerous killers on the notorious Dark Web, insisting that they injure or even break the hands of the victim. To conceal his identity, he used the pseudonym 'Scar215' and the password 'Mufassa$$.'
Initially, Ilg transferred $2,000 worth of bitcoin to the criminals and provided them with the victim's picture and address. He also insisted on evidence once the beating was done and assured that there will be another task in the future:
'I would like to see evidence that it happened. If this goes well, I have another, more complicated job for an entirely different target with entirely different objectives.'
The subject of his next crime was his estranged wife, who had already filed divorce papers against him. He paid nearly $60,000 in BTC to the Dark Web wrongdoers so they could kidnap her and inject her with heroin. Under the effect of the dru...
|Celsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collat...
After paying back an additional $41.2 million in Dai to decentralized lending platform Maker, Celsius Network now can reclaim approximately $450 million worth of BTC locked up as collateral on the protocol.
Celsius has been actively paying back its loans to Maker in the past few days in a bid to drastically lower the liquidation price for its Bitcoin collateral.
The centralized lending platform made its final push on Thursday, clearing up all the remaining $41.2 million loan to Maker, freeing up a total of 21,962 wrapped BTC, according to on-chain data provided by Defiexplore.com.
The wallet that belongs to Celsius also indicates that the lending platform has paid off additional loans to other decentralized lending platforms such as Aave and Compound during the same period.
As reported by CryptoPotato earlier, Celsius has slowly reduced its debt to the Maker protocol since earlier this month. It had paid back $224 million over the last seven days.
The main objective of the loan repayments is to reclaim its locked-up collateral and ease the strained liquidity that had forced the beleaguered firm to halt withdrawals and transactions on June 12 to avoid a run on deposits.
Fundstrat analyst Walter Teng reportedly stated that after the massive collateral gets released, Celsius is expected to sell the asset through OTCs or centralized exchanges in order to meet requirements from creditors and customers trying to withdraw their funds. As a result, this may cause a short-term ...
|Reports Claim Russia Defaulted on Foreign Debt for the First Time in a C...
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia's finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system.Russia Is Accused of Foreign Debt Default, Moscow's Finance Ministry Claims the Country Paid Bondholders
Media reports are claiming that Russia has defaulted on its foreign currency debt for the first time in more than 100 years. Financial sanctions against the transcontinental country have made it difficult for Russia to access the international payment systems. On Sunday, a $100 million interest payment was allegedly missed after the U.S. Treasury blocked a method that allowed the Kremlin to pay its debts by converting rubles.
Now that the grace period is over, bondholders will have to agree on whether or not it is officially a default against the loans. Reuters claims Russia's move to not pay is 'an act of political theatre at bondholders' expense' and default makes them 'political stooges.' The Kremlin, however, claims otherwise and says that the default is a 'farce' because Western sanctions blocked the country's payments. Russia's finance ministry said it had made the payments to bondholders denominated in euros.
Russia Blames Financial Blockade - Kremlin Spokesperson Says It's 'Not Our Problem'
The Russian government entity says the de...
|Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, but Kwon refuted this, saying his firm had paid its dues.
CryptoPotato summarized the events that transpired two weeks ago when UST - the algorithmic stablecoin issued by Terra - lost its peg against the dollar (supposed to be 1:1).
This allowed users to profit by arbitrage trading against LUNA, which essentially tanked both assets' prices. As of now, LUNA trades at $0.00016 (it was worth $80 earlier in May), and UST is at $0.06.
Being the person behind the Terra ecosystem, Do Kwon attracted massive negative attention, from being reportedly harassed at home to being in the grasp of losing multi-million dollar bets and having to find a solution to a desperate situation.
Another blow came earlier this week when reports emerged claiming that Terra had to pay $78 million in taxes to the South Korean government.
Responding to a question on the matter from a community member, Kwon said, 'we have no outstanding tax liabilities in Korea.' He added that the local tax agency had conducted a tax audit, but his company had 'paid in full.'
Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on
Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full -...
|Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea's Joint Command and Control Targeted
Two South Korean citizens, a businessman running a crypto asset management firm and a serving captain of the country's army, were arrested on suspicion of passing military secrets to a North Korean hacker. In exchange for passing on the sensitive information, the individuals were allegedly paid in bitcoin worth $600,000 and $37,789, respectively.
In an AFP report, South Korean law enforcement is quoted stating that the arrest was the first time a civilian and an active-duty military captain have been caught spying for North Korea. With respect to the captain, whose name has not been identified, the country's authorities said the individual had passed information used for logging into South Korea's Joint Command and Control System to an alleged North Korean spy.
The cryptocurrency exchange operator, on the other hand, is accused of giving a spying device to the military captain. The operator did this at the behest of the North Korean spy, the report said. In addition to the wristwatch-like spying device, the businessman is also reported to have bought and assembled a hacking device resembling a USB. The device would be used to...
|Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network S...
At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company's mobile payment platform. The mobile payment platform Cash App will feature a 'paid in bitcoin' service that allows users to auto-invest their work pay into bitcoin.Cash App Adds 3 New Bitcoin Services
Jack Dorsey's Block announced in Miami that the Cash App mobile payment system will offer three new features. The San Francisco company explained that the first feature will be a 'paid in bitcoin' service that allows people to convert their pay into bitcoin (BTC).
Cash App users will be able to convert 1% or up to 100% of their payroll into the leading crypto asset. The Block, which also manages Spiral, TIDAL, and TBD, explained at the conference that the team has been working on the idea since 2019.
The next service the company revealed was a bitcoin round-up service which basically allows Cash App users to round up spare change from purchases into bitcoin (BTC). Essentially, the user's Cash App card transactions will round up the purchases and automatically transfer the change to the user's BTC wallet.
Block is not the first firm to introduce paid in bitcoin services or BTC round-up services, as the concepts have been around for quite some time. For instance, people can leverage Coinbase or Bitwage to be paid in crypto as well, and Bundil and Roundlyx offer BTC round-up products.
The third feature Cash App announced at the Miami bitcoin conference...
|CashApp Rolls Out “Get Paid in Bitcoin” Service
CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin.
Another Wave of Bitcoin Features
CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin alongside stocks, and to send lightning network payments to wallets capable of receiving them.
In fact, another of today’s upgrades allows CashApp to receive lightning payments as well. That puts the app on both sides of Bitcoin’s premiere layer 2 scaling solution, which allows for transactions far cheaper and faster than on-chain ones. Yesterday, Bitcoin payment provider “Bitpay” began allowing its merchants to do the same.
Regarding its “Get Paid in Bitcoin” service, users can also auto-convert any percentage of their fiat salaries into Bitcoin, which is sent to CashApp through automated clearing house rails. According to Miles Sutter – Crypto Product Lead at CashApp – the service is completely free.
“This is the largest deployment of a feature like this at scale to date,” he explained at the Bitcoin 2022 Conference earlier today. “We already have a significant number of customers receiving recurring paychecks into CashApp.”
The app works by simply selecting a salary percentage to convert into Bitcoin, and tapping &ldquo...
|Member of St. Maarten's Parliament Plans to Have His Entire Salary...
On Saturday, the leader of the United People's Party and member of St. Maarten's Parliament, Rolando Brison, announced that he's become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the 'Crypto Capital of the Caribbean,' as long as his country continues to embrace blockchain technology and cryptocurrency solutions.MP Wants St. Maarten to Become the 'Crypto Capital of the Caribbean'
While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption and more specifically with bitcoin cash (BCH). Data from map.bitcoin.com shows there are currently hundreds of merchants in the Caribbean accepting BCH for goods and services. On March 19, a member of St. Maarten's Parliament and the leader of the United People's Party (UP Party St. Maarten), Rolando Brison, announced that he is receiving his entire salary in bitcoin cash (BCH).
The government official believes that St. Maarten should continue its path toward delving 'into the ever-growing cryptocurrency phenomenon.' Brison insisted during his announcement that he has requested St. Maarten's finance minister Ardwell Irion to update him on plans for using blockchain technology in government. 'I believe St. Maarten has a chance to be the 'Crypto Capital of the Caribbean' if we continue to innovate and embrace cryptocurrency and all the benefits of blockchain technology,' Brison explained in a statement on Saturday.
|Someone Paid $500K in ETH Fees to Mint 950 Tubby Cat NFTs
Yesterday saw one of the most highly-anticipated collections of non-fungible tokens go through its public sale. As expected, the event was heavily populated by bots, and one of them managed to mint 950 tubby cats, spending 200 ETH in gas in the process.
Explaining Tubby Cats
Tubby Cats is a collection of 20,000 unique non-fungible tokens (NFTs) that went through its whitelist and public mint over the course of this week. In a bid to incentivize decentralized ownership of the NFTs and to produce as many holders as possible, the team behind the project whitelisted almost 20,000 people who were able to mint a tubby cat for the price of 0.1 ETH.
This is what some of them look like:
However, out of those 20K spots, about 15,000 minted, and the rest was dropped to the public. As the developers of the project and many other NFT proponents warned, the event was populated by bots.
In fact, the developer of the project's smart contract even detailed the expected gas prices for the public mint prior to the event.
For people participating in public mint, these are the gas prices we'll likely see (between the two columns) and their associated cost per tubby.
If you are going to bid below these gas prices DONT PARTICIPATE IN MINT since your tx will fail.
Also: always mint 5 tubbies pic.twitter.com/TtfieJbkNV
— 0xngmi (@0xngmi) February 23, 2022
Here Comes the Bots
As it happens with every highly-expected public mint, the event was instantly sniped by bots. One of them managed to s...
|Heavyweight Champ Francis Ngannou Plans to 'Take Half of His UFC 2...
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes 'bitcoin can empower people everywhere.'
'Bitcoin Is the Future and I'm a Believer' - Mixed Martial Arts Champ Francis Ngannou to Take Half of His Purse in Bitcoin
On January 18, 2022, the Ultimate Fighting Championship (UFC) Heavyweight Champion Francis Ngannou explained that the fighter plans to get half of his UFC 270 purse paid in bitcoin (BTC). UFC 270: Ngannou vs. Gane will debut on Saturday, January 22, 2022, as the 'Predator' Ngannou will face the mixed martial artist 'Bon Gamin' Ciryl Gane. The knockout artist Ngannou will defend his title at the Honda Center in Anaheim, California.
The French Cameroonian mixed martial artist will join the likes of athletes like Russell Okung, Odell Beckham Jr, and Aaron Rodgers choosing to be paid in bitcoin. That's according to Ngannou's tweet on Tuesday that said he plans to take half of his UFC 270 purse in bitcoin. Moreover, the UFC fighter also said that he thinks bitcoin empowers people, when he stated:
I believe bitcoin can empower people everywhere. So I'm excited to partner [with] Cash App to take half my UFC 270 purse in bitcoin.
Ngannou Is Giving $300K in Bitcoin Away to a Lucky Fan
In addition to getting paid half of his purse in BTC, Ngannou said he planned to give a...