🪙Token Utility
Moving forward, the $PAID token will have several new utilities in line with our goal of providing long-term value to the community.
The participation fees generated from crowdfunding activites will be utilised for $PAID buybacks which, in turn, will be configured for the following:
Token Burn
Following each raise, we use half of the collected fees to buyback $PAID on the open market, then we burn the purchased tokens. Burning will remove the tokens completely from circulating supply to increase scarcity and support $PAID in becoming deflationary.
Liquidity Provisioning
Dual-sided liquidity ($PAID & $ETH/$BNB). Having deep liquidity is a strong signal for any project, it allows for more trade volume with less slippage ensuring a more desirable environment for traders.
Staking Rewards
Protocol revenue will be the primary means to reward $PAID stakers. Stakers will receive tokens via Real Yield APYs via returns from the $PAID Community Fund. This will create a more sustainable and circular token economy for the long term.
Partner Airdrops
Token holders that have their tokens staked will also be eligible for token airdrops from some of our Partner Projects launching on Ignition. Participating projects will allocate a percentage of their supply for this and anyone who has $PAID staked on ignition will get an airdrop proportionate to their stake.
The $PAID Community Fund will be used to access early stage dealflow into the most promising projects as decided by our community. This innovative platform will play a crucial part of the $PAID ecosystem and token economy and is set to redefine how our community collaborates and invests. The purpose of having a Community Fund built into the ecosystem is to:
Create a sustainable way to reward $PAID stakers
Attract new community members into the $PAID ecosystem via a unique offering unseen at other launchpads
Provide $PAID token stakers with indirect exposure to early stage deal-flow otherwise unobtainable to retail investors.
Provide an additional closed loop in the token economy, boosting the $PAID token burn rate.
Others
Team is currently working on it and will be integrated into this Gitbook once public announcements have been completed.
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