this one could be a serious slow cook.
$PAID acts as a fee bridge for X Money donations.
the model is simple:
80% of creator fees goes to the named X account
20% is used to buy & burn $PAID
and the numbers are already interesting:
protocol rev: $399,760.86
net paid: $1,078,437.90
bought & burned: $392,033.86
~2.6% of supply has already been burned.
it reminds me of $STONK, which ran to $350M, although the angle here is completely different.
$STONK = RWA launchpad
$PAID = X Money fee bridge
if the product keeps generating fees and the buyback/burn mechanism continues to scale, this could become a very interesting one to watch.
i’m in from this area. let’s see how the market values it.
DYOR — don’t chase, size accordingly.
CA:
98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump