So you’re telling me
$PAID did all of this in less than two weeks
- launches on Solana on September 15
- lets anyone launch a memecoin and redirect creator fees to any X account
Context:
- 80% of the fees are sent in dollars to the tagged account through X Money
- 20% is used to buy and burn
$PAID
- the person receiving the money doesn’t even need to agree to it (remember BagsApp)
-
$PAID itself gives holders no rights to those fees
The token goes from basically zero to ~$30M Mcap
Nikita Bier responds and calls UsePaid “a pretty creative hack on XMoney”
immediately points out the obvious problem:
people need a way to opt out because traders could harass users into endorsing tokens
Then the token goes from $37M → ~$7.3M
UsePaid expands to Pons on Robinhood Chain
today:
UsePaid announces it has sent $1.44M to X Money users
$PAID goes completely insane again
~$14M → ~$50M Mcap in a few hours
and none of this is actually an official X product
UsePaid is basically using X Money as infrastructure for a permissionless memecoin payment system
What did X Money accidentally create?