Buyback and Burn Update
Critical & Exciting Update!
Action speaks louder than words..
$PAID Community — Today, we’re sharing a crucial update and details about our buyback, burn and a brief update on the community fund details. We are committed to actions and that is exactly why we have executed the important buyback and burn!
But let’s revisit the current use case
Allocation:
The recent Aether Games Launch successfully raised $1,000,000 and $100,000 were raised via the transaction fee launches. Here is how the funds are allocated:
$50k (50%) Token Burn
$20k (20%) Liquidity Provision
$5k (5%) Marketing Budget
$25k (25%) $PAID Community Fund
Proof of Execution:
You want proof, well here it is…
This is where all the buybacks happened: 0x0fABF0f7d0D528e17fF56518351Bef1c153aCBCf
Burn: https://bscscan.com/tx/0x23508b308bb4a5a66e313f80c09e30665c32efb56d79d8593b2a585b5349c394
Community/Marketing — https://etherscan.io/tx/0x0f51e88acc5e7ce8969fef96ff32b8ec2817e1d3e3c258154a189707840c8849
Community Fund — https://etherscan.io/tx/0x7cee229825f9b5cb6023c7706fd2bc6ae7442c1d1c6f6e54464a4ecb8157f284
Continuous Enhancement
We wanted to act fast but the proof is in the pudding…and we will constantly push the needle towards our ‘northern star’, so our focus is on continually enhancing the value accrual system for our community. It is important to recognize that our model will undergo evolution over time. With this in mind, we are currently reviewing all models and want to make sure that we drive more value to the community than what was previously hypothesized…
However there are some implications regarding Staking
Embracing the love for rewards, our staking and unstaking fees sets the economic flywheel in motion, bringing us a step closer to distributing incentives such as revenue shares for our stakers. But not quite yet…so we do ask for a little more patience for rewards distribution but rest assured it is coming!!
Moreover, don’t forget that stakers will unlock additional benefits, including exclusive airdrops from Ignition’s partner projects and opportunities for active participation in governance. If you haven’t staked your $PAID yet, you can do so by going here and following our dedicated guide.
Conclusion
In conclusion, the upcoming rewards structures and economic update underscore our commitment to transparency and community empowerment. The outlined details ensures visibility into the implementation process, while our pledge to continuous enhancement aligns with our forward-thinking approach.
The implications of our buyback, and rewards launch extend beyond the immediate economic impact. The statistics, rooted in numbers and the success of the Aether Games launch, showcase the potential for substantial buyback returns and a genuinely deflationary $PAID token. We will be revealing just how large this potential will be in the next few days.
About PAID Network and Ignition
Ignition is PAID Network’s IDO Launchpad where our mission is to connect highly vetted founders with brilliant ideas for curated projects and offerings with crowd-sourced funding and best-in-class incubation tools and advisors to bring the vision of founders and creators to fruition for the benefit of all.
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