$PAID is a fee bridge for X Money donations
creator fees are split 80/20:
> 80% goes to the named X account
> 20% is used to buy and burn $PAID
so far the the metrics been very solid:
protocol rev: $399,760.86
net paid: $1,078,437.90
bought and burned: $392,033.86
that is 2.6% already burned
this reminds me of $STONK, which ran to $350M.
different angle though:
$STONK was the RWA launchpad.
$PAID is building around the X Money fee bridge.
i have a feeling this will be a monstrous slow cook 👀
CA:
98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump