PAID said it has distributed $1.44 million to Xmoney users through its automated fee-splitting tool for token creators, according to an official announcement cited by ChainCatcher. The project had earlier launched a token issuance feature on Pons on the 19th. Under PAID’s stated fee structure, 80% of fees are sent to X users through X Money, while the remaining 20% is converted into SOL to buy back PAID tokens. The company also said issuers can send fees through X Money by adding an X Handle in a project’s text description, and that celebrities on X can receive fund distributions through X Money without registering for Paid or giving prior consent. Separately, market information showed PAID’s market capitalization on Solana had exceeded $40 million, with a gain of more than 360% over the past 24 hours and trading volume reaching $32.8 million over the same period. On-chain data also showed DeGods founder Frank DeGods bought PAID about four days ago, spending roughly $145,000 to $169,000 and holding tens of millions of tokens.
PAID has distributed $1.44 million to Xmoney users through its automated fee-sharing tool for token creators, according to an official announcement cited by ChainCatcher.
The project had previously launched a token issuance feature on Pons on the 19th. PAID said 80% of the fees would be sent to X users through X Money, while the remaining 20% would be converted into SOL for PAID token buybacks.
According to the announcement, issuers can send fees through X Money by adding an X Handle to a project’s text description. The company also said celebrities on X can receive distributions through X Money even if they have not registered with Paid and have not given consent.
Separately, market information showed PAID’s market capitalization on Solana has now exceeded $40 million. The token was up more than 360% over the past 24 hours, with trading volume reaching $32.8 million during the same period.
On-chain data showed that DeGods founder Frank DeGods bought PAID about four days ago, spending around $145,000 to $169,000 and holding tens of millions of tokens.
The token has seen large price swings, and investors should be cautious.
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