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Protocol

$PAID

Every fee UsePaid claims is split 80/20. The 80% is paid to an X account. The 20% buys $PAID on the open market and burns it, so the supply only ever goes down.

Not launched yet

$PAID has not been issued. Until it is, the protocol cut accrues in the ledger as pending buybacks rather than being spent, and every one of them is recorded against the fee event that produced it.

That means the first burn is not a promise about future revenue. It is spending a balance that already exists by the time it happens.

What it is for

$PAID is the protocol's value accrual, not a governance token and not a fee token. Holding it does not change what UsePaid charges, who can launch, or who gets paid. Nothing about the bridge is gated behind it.

Its only job is to be the thing the 20% is spent on. The more fees the bridge carries, the more supply is removed.

Ticker
$PAID
Home chain
Solana, via pump.fun
Funded by
20% of every claimed fee
Mechanism
Open-market buy, then burn

How the buy and burn works

  1. 1

    A claim settles

    Creator fees are claimed on chain and recorded as a fee event, keyed on the claim's own transaction signature.
  2. 2

    The cut is set aside

    20% of that event is written to the ledger as a pending buyback, tied to the fee event it came from so it can be reconciled later.
  3. 3

    $PAID is bought on the open market

    The protocol buys from the same market as everyone else, at whatever the price is when it buys. No special route and no discount.
  4. 4

    The tokens are burnt

    Sent to a burn address. Both the buy and the burn are on chain, so the whole path can be checked by anyone.

Fees from other chains

A token earns its fees on whatever chain it launched on, but $PAID has one market and one burn instruction, both on Solana. So the cut earned on Robinhood Chain, via pons, has to reach Solana before it can be spent.

That crossing happens at the treasury, once, over deBridge, and it is the only bridge anywhere in the path. Payouts never touch it: those settle in dollars through X Money from a pre-funded float, whichever chain the fee came from.

The result is that every chain the bridge carries tightens the same supply, rather than each chain getting a token of its own and splitting the liquidity.

Held balances that expire

When a recipient has no X Money account, their 80% is held rather than paid. If it stays unclaimable for 7 days, that balance is recycled into a buyback too.

Those are recorded separately from protocol-cut buybacks, so the two sources can be told apart in the ledger rather than blended into one number.