Were you looking for a hidden gem or the story behind the volume on Solana? ๐๏ธ
Fee bridges are starting to solve one of the biggest bottlenecks in the Creator Economy on Web3: onboarding friction.
Whatโs interesting about $PAID isnโt just that it connects memecoin creation with X (Twitter) accounts to send creator fees directly via X Money. Whatโs truly relevant to the investment thesis is the economic design behind $PAID:
โ๏ธ Native SPL mechanics on Solana: Designed for high-frequency microtransactions.
๐ Automatic Buyback & Burn: Every time a linked memecoin generates trading volume, a percentage of the fees goes to the open market to buy $PAID and burn it permanently.
๐ Programmed deflationary supply: The tokenโs value doesnโt depend on pure speculation, but rather on the traction and cumulative volume generated by creators using the protocol.
If the volume of launches on platforms like https://t.co/2HYHC9xkyt remains high, the protocols that convert that flow of fees into constant buying pressure for their own native token are the ones worth keeping an eye on.
Do you see this buyback mechanism as sustainable in the long term, or will it depend 100% on the volatility of the current memecoin trend? ๐
#Solana #Crypto #Memecoins #Altcoins #PumpFun #Web3 #Defi #SolanaGems #PAID