PAID Network is a comprehensive business toolset that can be used for any type of business transaction. Traditional legal contract systems require participants to hire legal counsel and use lengthy and intricate contracts laden with difficult-to-understand legal jargon. PAID's SMART Agreements are simplified commercial contracts between two parties conducting business with one another, written in plain language and signed on-chain. In the event of a conflict, three arbitrators from the community are chosen at random. By staking PAID tokens, arbitrators earn the privilege to arbitrate. DeFi tools including borrowing, lending, and insurance pooling are also used by PAID. PAID token holders can put their tokens into liquidity pools for lending and insurance, as well as take out loans for their businesses, which are vetted using the reputation rating system. The PAID token is a transferable representation of attributed functionalities outlined in the PAID platform's protocol, and it is intended to play a key role in the ecosystem's operation. PAID token holders wield the most power in governance, as a result, they have the power to shape the future of the whole PAID ecosystem.