Dear $PAID Community,
We’re excited to share some fantastic news with you!
The PAID FlyWheel Dashboard is NOW LIVE, offering real-time insights into the $PAID ecosystem.
As industry leaders and game changers, we are committed to complete transparency.
This dashboard reflects that commitment by providing you with detailed visibility into our operations, helping you understand and engage with our tokenomics like never before.
What’s Inside the Dashboard?
The FlyWheel Dashboard comes packed with features that allow you to closely monitor and understand the dynamics of our network:
- Total Fuel Value: This shows the total fuel collected across all the pools and projects.
- Total $PAID Brought Back: This shows the total amount of $PAID that has been repurchased
- Total Fuel Remaining: This represents the amount of fuel we have yet to receive from the launched projects, currently stuck in vesting.
- Total Fuel Burnt: Here, you can see the amount of fuel that has been burnt.
- Total Fuel Airdropped: This shows the fuel that has been airdropped.
- $PAID Supply: This keeps tabs on the current burn rate and circulating supply of $PAID.
- Scenario Calculator: Calculate potential outcomes based on different raise amounts and multipliers to understand future impacts on the $PAID ecosystem.
- $PAID Burn: Here you can check out how much $PAID is being burned daily..
- Project Specific Details: This section gives details for projects listed on PAID Network. You’ll get real-time data on fuel values, consumption, remaining fuel, token prices, and more. We take pride in launching sustainable projects, and tracking their success is key to our growth and transparency.
How Do Fuel Buybacks and Token Burns Work?
We’ve set up an automated system to make the process of buying back and burning tokens smooth and efficient. Here’s a quick rundown of how it works:
- Daily Project Token Sales: We have a script that runs several times a day, selling small portions of the project’s token for stable coins. This approach helps avoid any major price impact. The sales are spread evenly over the days leading up to the next vesting period, ensuring steady and consistent sales. The FlyWheel operates entirely on project tokens, reflecting our commitment to sustaining project ecosystems.
- Daily $PAID Buybacks: At the same time, another script uses the stable coins gained from the token sales to buy back $PAID. These buy backs also happen multiple times a day to keep things steady.
- Regular Token Burn: At the end of each month, we’ll have a burn session to permanently remove some $PAID from circulation. This helps increase the token’s value by reducing supply. This is subject to change at the discretion of Paid Network.
Why This Matters
- Stable Prices: By spreading out sales and buy backs, we prevent large price swings and keep the market stable.
- Transparency: You can track all the transactions in real-time on the FlyWheel Dashboard, so you always know what’s happening.
- Increasing Value: Regular buybacks and burns reduce the circulating supply of $PAID, which can help boost its value over time.
We’re incredibly excited about the new FlyWheel Dashboard and hope you are too. It’s going to make it so much easier to stay on top of what’s happening with $PAID and our projects.
Thank you for your commitment to our platform. Let’s continue to innovate and lead in the Web3 space together.
If you have any questions, please do not hesitate to reach out through our community channels or Telegram.
About PAID Network
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.
Questions? Connect with Us
